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LG Chem Vice Chairman Park Jin-soo. (Photo: LG Chem)LG Chem is concentrating its capabilities on the nurturing of core businesses, including basic materials, batteries, IT/electronics materials and life science. The company aims at becoming a “global top five” chemical company by advancing its bus…
A number of key officials of Lotte Group led by Chairman Shin Dong-bin clap hands at a ceremony to open the Lotte R&D Center in Magok, Seoul, on June 1. Lotte Group, Korea's food and retail giant, unveiled on June 1 its new research and development (R&D) center in eastern Seoul, vowing to s…
CJ Group Chairman Lee Jay-hyun (Photo: CJ Group)CJ Jeiljedang will formally make inroads into the frozen food market in Russia as the company now has taken over Ravioli, a frozen food company in Russia, for 30 billion won, the company announced on June 1. The company is on its way to taking a 90 per…
Hanwha Chemical President Kim Chang-beom hanwha Chemical has decided to mass produce an eco-friendly plasticizer that do not cause harm to human body. A plasticizer is added to rubbers and resins to impart flexibility, workability, or strechability.  Hanwha Chemical’s third plant at the Ulsa…
LSIS Chairman Koo Ja-kyun. (Photos: LSIS) LSIS said its executives and staff, together with members of the Environment Action Association, and 30 local residents, all chipped in to clean the Anyang Stream, flowing through Seoksu-dong, Anyang, Gyeonggi Province. The group cleared out all kinds of de…
Former Chairman Cho Suk-rae of Hyosung Group. (Photos: Hyosung Group) Hyosung Group published a collection of articles written by 80 people on its former Chairman Cho Seok-rae on May 31 through a Publication Committee led by Chairman Sohn Byung-doo, who also heads the Hoam Foundation as chairman. …
Chairman Suh Kyung-bae of AmorePacific Co.A view of Outrun, a sun cream to protect the skin of athletes who train under hot sun, developed by a Lean Startup, run by a number of volunteers among the employees to come with a brand new cosmetics brand for the company. Chairman Suh initiated the in-hous…
Chairman Shin Choon-ho of Nongshim Group.Vice Chairman Shin Dong-ik of Nongshim Mega Mart.Chairman Shin Choon-ho of Nongshim Group has been preparing for his eventual retirement by giving his shares in a number of key affiliates of the business group to his sons, the most recent being 100,000 shares…
Daesang President Chung Hong-won and JXTG NOE Chairman Dakehide Gasai pose with other company officials at  an event to dedicate the astaxanthin plant in Gunsan, Jeollabuk-do, on June 7. (Photo: Daesang Corp.) Daesang Group has dedicated an astaxanthin plant to mass produce the functional ingr…
Chairman Lee Young-kwan of Toray Advanced Materials Korea (TAK). Toray Advanced Materials Korea (TAK) has grown into Asia’s No. 1 spunbond nonwoven maker, but despite its global competitive edge, the company is less known to Koreans. TAK is a subsidiary of the world-class advanced materials compan…
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Industry/Energy
Chairman Kim Ho-sung of the Korea Energy Information Culture Agency (KEICA). The Korea Nuclear Energy Agency (KNEA) has changed its name to the Korea Energy Information Culture Agency (KEICA) and also updated its mission. The board of directors appr…
Minister of Trade, Industry and Energy Paik Un-gyu holds a certificate of an MOU for closer ties between the two countries in the nuclear energy sector with British Secretary of State for Business, Energy and Industrial Strategy (BEIS) Greg Clark aft…
GS Caltex is considering a plan to expand its NCC/PE (Polyethylene) production facilities by building a new production center for the petrochemical product. The oil refiner wants to boost its profit by producing more PE as its traditional oil busi…
President Moon Jong-bak on an inspection of the safety of Daesan Oil Refinery Complex.(Photo: Hyundai Oilbank) Hyundai Oilbank, one of the top refiners in Korea, said that the company would conduct maintenance activities at its Hyundai Oilbank Daesa…


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