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Kolon Group Chairman Lee Woong-yeul pins on the jacket of a newly installed executive abadge, carrying the word “CAT,” deriving from the 2018 management tenet “CATCH” at a ceremony to kick off the 2018 business year at the Kolon Tower in Gwacheon City, south of Seoul, on Jan. 2. Kolon Group has…
SK Hynix’s fab line in Cheongju.A 72-layor DRAM produced by SK Hynix. (Photos: SK Hynix) SK Hynix issued optimistic outlooks for the global semiconductor market for the year ahead: a 20 percent surge in DRAMs and a 40 percent jump in NAND flash memory demand. SK Hynix is forecast to set aside mor…
SK Telecom President Park Jung-ho. (Photos: SK Telecom) SK Telecom chalked up revenue of 17.52 trillion won, operating income of 1.53 trillion won, and net income of 2.65 trillion won, based on Korean International Financial Reporting Standards (K-IFRS) in 2017. Backed by a sales increase in the m…
A crew operates a “smart drone management system” to monitor and manage a sea mustard farm in Songjeong-dong, Haeundae-gu, Busan, in a demonstration made by LG U+. (Photos: LG U+) LG U+ has demonstrated a “smart drone management system” to monitor and manage a sea mustard farm in Songjeong-dong…
POSCO Chairman Kwon Oh-joon poses with the staff with slab-making plant at Pohang Steelworks where he made an inspection tour on Jan. 2.POSCO Chairman Kwon waves POSCO’s flag celebrating the 50th anniversary at a ceremony to kick off the 2018 business year at the POSCO Center in Seoul on Jan. 2. (P…
Samsung Electronics President Kim Ki-nam delivers his New Year’s address at a ceremony to kick off the 2018 business year at the Samsung Digital City in Suwon on Jan. 2.(Photo: Samsung Electronics) Samsung Electronics posted 53.6 trillion won in operating profit last year, breaking the 50 trillion…
Hyundai Motor Vice Chairman Chung Eui-sun and Aurora CEO Chris Urmson pose together beside the NEXO the Korean automaker unveiled at its booth at the CES 2018 in Las Vegas on Jan. 9. (Photo: Hyundai Motor) Hyundai Motor Vice Chairman Chung Eui-sun, the son of Hyundai Motor Group Chairman Chung Mong…
Lotte Group Chairman Shin Dong-bin speaks at a ceremony to kick off the 2018 business year. (Photos: Lotte Group) In his New Year’s message, Lotte Group Chairman Shin Dong-bin urged his executives and staff members to add values to customers’ lives and enjoy shared growth. “(We at Lotte Group) …
LS Group Chairman Christopher Koo gives a copy of Kyocera Honorary Chairman Kazuo Inamori’s book “A Passion for Success: Practical, Inspirational, and Spiritual Insight from Japan's Leading Entrepreneur” to Kim Woo-tae, a director of LS Cable & System. (Photo: LS Group) LS Group Chairman Chr…
CJ Group Chairman Lee Jay-hyun.A view of the Bibigo Wanggyoja (Dumpling), produced by CJ Cheiljedang. CJ Group is concentrating on efforts to realize its vision “Great CJ,” established in 2017, which calls for the group to log 100 trillion won in sales by 2020, as the company shifts into aggressi…
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Economy/Finance
Chairman Yun Jong-kyu of KB Financial Group KB Financial Group logged the best results in its history last year to take over the top position among rival financial groups in the country with its net profit coming to around 3 trillion won, the first …
Chairman Cho Yong-byeong of Shinhan Financial Group. (Photo: SFG) Shinhan Financial Group netted 2.917 trillion won in net profit last year, the second biggest since 2011 when the financial group logged 3.100 trillion won in net profit, the group sa…
Chairman Choi Jong-ku of Financial Services Commission(FSC)(Photo: FSC) Starting Jan. 30, Korea will only allow authenticated bank accounts to be involved in virtual currency trading  Those with virtual currency accounts created by banks after…
New Chmn. Kwon Yong-won of Korea Financial Investment Association(KOFIA). Chairman Kwon Yong-won said he will be a leader in financial sector deregulation while running the Korea Financial Investment Association (Kofia) over the next three years. H…


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