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Business/Company
Chairman Park Jong-won of Doosan Group. All of Doosan Group’s affiliates were profitable last year, despite a general downturn sweeping the world.  The group has been trying to maintain its upward trajectory and seek new growth engines with a solid financial structural base. Doosan Heavy Ind…
A view of Hanwha Techwin’s booth at the Eurosatory 2016, the largest land and air-land defense trade show in Paris, France in which homegrown self-propelled artillery K-9 is displayed.A view of Q CELLS’ pavilion at the PV EXPO 2016 in Tokyo in which the company showcases leading Technologies. (Pho…
Chairman Cho Hyun-joon of Hyosung Group.(Photo: Hyosung Group) Hyosung chalked up more than 1 trillion won in operating profit in 2016, the first time it surpassed the milestone since its founding in 1966. Hyosung has maintained steady growth in all businesses ranging from conventional mainstay syn…
Vice Chairman Kwon Oh-gap of Hyundai Heavy Industries. Hyundai Heavy Industries, which is due to split its corporate structure in April, had a very good fourth quarter last year, with operating profit rising with the positive news that the U.S. marine plant market has been improving. Unlike shipbu…
Lotte Chemical CEO Huh Soo-young.(Photos: Lotte Chemical) Lotte Chemical has risen to the No. 1 position in the Korean petrochemical business industry after overtaking LG Chem in operating profit for the first time since its founding in 1976.  The company’s strategy to go all out in the petr…
President Kim Joon of SK Innovation. SK Innovation has been able to turn itself around form a year ago, ending the 2016 with an earnings surprise with operating profit coming in at 3.228 trillion won, up 63 percent YoY on sales of 39.520 trillion won, down 18 percent YoY.  The company attribu…
Chairman Huh Jin-soo of GS Caltex is seen during a tour of GS Caltex facilities at the GS Caltex Refinery Complex in Yeosu, South Jeolla Province. GS Caltex, the nation’s 2nd largest oil refinery, last year posted its largest operating profit of 2.1 trillion won since the oil refinery went online.…
CEO Othman A-Ghamdi of S-Oil. S-Oil achieved record-breaking operating profit last year, with its non-oil refining businesses, including petrochemical and lubricant base oil, exceeding 50 percent of the overall operating profit. S-Oil announced on Feb. 2 that it posted sales of 16.32 trillion won,…
Hyundai Elevator President & CEO Bob Jang. (Photo: Hyundai Elevator) Hyundai Elevator announced the 2016 consolidated financial statement on Feb. 9, logging 1.7589 trillion won in sales and 182.5 billion won in operating profit. The figures represent a 21.4 percent jump and a 16.4 percent surge…
Dong-A Socio Group is putting a new focus on its management, appointing Kang Jung-seok chairman of the group, succeeding his father. The junior Kang is the grandson of the late Dong-A Pharmaceutical founder Kang Jung-hee.  The senior Kang, 90, has virtually resigned from management to serve …
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Policy/Politics
Presidential hopefuls include (from left) Moon Jae-in, Ahn Hee-jung, and Lee Jae-myung, the three on the tick of the Democratic Party of Korea (DPK) as well as Ahn Cheol-soo of the People’s Party,  Yoo Sung-min of the Barun Party, and Hong Joon…
The Korea Institute for Advancement of Technology (KIAT) hosts a forum on startups’ future innovation.  The Korea Institute for Advancement of Technology (KIAT) hosted a session at the Daegu Venture Center of the Daegu Technopark on March 8 to…
Second Vice Minister Woo Tae-hee of the Ministry of Trade, Industry and Energy (MOTIE) speaks at the inaugural session of the Nuclear Power Export Consultative Committee at the Seoul Palace Hotel on Feb. 3. (Photo: MOTIE) The government has joined f…
Minister Kang Ho-in of the Ministry of Land, Infrastructure and Transport (MOLIT). The Ministry of Land, Infrastructure and Transport (MOLIT) plans to pour 470 billion won into research and development to foster new industry businesses and brace for…


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