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Construction
The Ministry of Land, Transport and Maritime Affairs (MLTM) said Korea’ s total length of highways across the country was extended by 105,931 km last year, up 0.3 percent compared to the previous year.The total highway extension came to only 10 percent of that in Japan at 1,278,670 km and 2 percent…
SK Group signed an MOU on the construction of a large thermal power plant with EUAS, a Turkish national power company, worth $2 billion, the group said recently.SK Engineering and Construction Co. played a big role in signing the deal by showing off its outstanding construction technologies in build…
Daewoo Engineering and Construction Co. has won its first construction project for this year by picking up an ODI phosphate rock fertilizer plant construction project in Morocco and an onshore gas facilities construction project in Saudi Arabia worth a combined $460 million, the company said recentl…
This map shows highways, which are being built, all leading toward sports venues of the 2018 Olympics in PyeongChang, Gangwon Province. A total of 15 highways are being built, both previously-planned and newly-planned ones, all leading toward Pyeongchang, Gangwon Province, the venue of the 2018…
HHl’s first two very-large crude containers (VLCCs) are christened in a ceremony at its shipyard in Ulsan on June 28, 1974. The ceremony also coincided with the dedication of the shipyard.Hyundai Heavy Industries (HHI) marked the 40th anniversary of its establishment on March 23. HHI can trace back…
President Cho Choon-koo of Sudokwon Landfill Site Management CorpPresident Cho Choon-koo of Sudokwon Landfill Site Management Corp. in an interview with NewsWorld said landfill sites around Seoul will be made into an environmentally friendly space where people can have enjoyable outings amid greener…
Park Jong-hum, director general for logistics policy at the Ministry of Land, Transport and Maritime AffairsBusan Port has joined the top five cargo ports that have all surpassed 15 million TEUs following Hong Kong, Singapore, Shanghai, and Shenzhen.“The government plans to implement diverse p…
President Lee Myung-bak speaks at an emergency economic ministers’ meeting at the Korea Finance Corp. headquarters in Seoul as Minister of Strategy and Finance Bahk Jae-wan looks on. The government decided to set up a $500 million fund supporting Korean contractors’ activities in the Mideast. …
President Kim Jae-yol, in charge of overall management planning for Samsung Engineering Co., has been widening his areas of management responsibility recently.Kim was with President Park Ki-seok in a signing ceremony for the company's winning a project to build an NGI plant in Abu Dhabi on Feb. 2 at…
Korea Expressway Corp. (KEC) said it will execute 60 percent of its 3.2 trillion won budget for construction and expansion of highways around the country in the first half of this year aimed at saving 1.5 trillion won in logistics expenses nationwide and creating 60,000 jobs.The highway construction…
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Business/Company
KT Chairman Hwang Chang-gyu gives a lecture on KT’s GiGAtopia at Harvard Business School last Sept. 20. (Photo: KT) KT’s intelligent, integrated energy management system is to be selected as a case study as part of educational materials at Harvard…
POSCO Chairman Kwon Oh-joon POSCO has once again been named the world’s No. 1 steelmaker. Global steel information service provider World Steel Dynamics (WSD) announced the World-Class Steelmaker Rankings on June 13 in New York. POSCO has topped th…
LSIS Chairman Koo Ja-kyun. LSIS Chairman Koo Ja-kyun urged his company’s team leaders to purse a newly defined leadership tailored to meet members’ needs, rather than being “committed to unconditional loyalty to the company.”  LSIS Chairma…
Japan Lotte Holdings held a regular shareholders’ meeting on June 24 in Japan to approve a reshuffle retaining Lotte Group Chairman Shin Dong-bin (center) and eliminating (left Lotte Group founder Shin Kyu-ho and ex-vice chairman Shin Dong-ju. Lott…


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