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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 the list as the world’s best steelmaker for the eig…
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. Lotte Group founder Shin Kyuk-ho has stepped down from…
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 Chairman Koo participated in a leadership enrichment symp…
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 Business School in September.  Prof. Forest…
Hanwha Group Chairman Kim Seung-youn inspects Hanwha Q Cells’ photovoltaic power cell plant in Jincheon, Chungcheongbuk-do, on July 5. In February 2015, Hanwha Group consolidated its two photovoltaic power units, Hanwha Q CELLS and Hanwha Solarone, into a single entity named Hanwha Q CELLS. Hanwha…
Aju Group is conducting its innovative activities to reinvent a companywide corporate culture into a “creative” one.  The group said on July 19 that the “AJU New Thinking (ANT) Management” brand, an integrated companywide innovative platform it used for the past 10-odd years, is being ad…
W hen the Middle East Respiratory Syndrome (MERS) epidemic hit Korea in 2015, leaving 38 people dead and 16,693 others quarantined, KT floated a novel idea. The company wanted to trace the migration and path of virus carriers using GPS information from smartphones and navigations. Given the serious…
Representatives from Samsung SDS and  its blockchain consortium partners for shipping and logistics pose during an inaugural meeting at its campus in Pangyo, Gyeonggi-do, on May 31. (Photo: Samsung SDS) The logistics sector has become the first area in Korea to employ a blockchain technology. …
Vice Chairman Chung Eui-sun introduces the Kona, Hyundai Motor’s new SUV in the B segment of the SUVs at the automaker’s new studio in Ilsan near Seoul on June 13. (Photos: Hyundai Motor) Vice Chairman Chung Eui-sun debuted the Kona at the Kona World Premiere, the first SUV in the B segment, prod…
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…
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Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Gov. Choe Heung-sik of the Financial Supervisory Service.(FSS)(Photo: FSS)Gov. Choe Heung-sik of the Financial Supervisory Service (FSS) stressed at his inaugural ceremony on Sept. 11 that the Financial Supervisory Service will perform its services c…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see …
Dir.-Gen. Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport. Director-General Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport said in a recent written interview with…


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