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CJ Cheiljedang has decided to secure half of its annual sales from abroad from next year to upgrade its position as a trailblazing global food and bio enterprise.To achieve the goal, the company will push the localization of its products and brands overseas and continue to invest in R&D activiti…
aT hosted its annual convention with 135 buyers from 26 countries meeting K-Food exporters for one-to-one business consultations on Oct. 9. This year, more than 36 percent of the buyers were from China, revealing the growing opportunities in the Chinese market. The buyers included major retail compa…
“Preview in Seoul 2012 (PIS),” the Seoul International Textile Fair, wrapped up a three-day run on Sept. 7 with the participation of 261 exhibitors, its biggest event ever.PIS 2012, which took place at COEX from Sept. 5-7, attracted 9,928 spectators, according to figures compiled by the Korea Fede…
“Let’ s maintain the proud 88-year long history of Samyang,” said Chairman Kim Yoon on Oct. 12 to some 180 officers and staff of the company as they reached the top of Sobak Mountain in celebration of the group’s 88th anniversary, which fell on Oct. 1.After they hiked 10.6 km to the top of the f…
Doosan Heavy Industries Co. celebrated its 50th anniversary on Sept. 19 at its head office in Changwon, South Gyeongsang Province, with the attendance of some 300 key CEOs and executives of the Doosan Group including Doosan Heavy Industries Vice Chairman Park Ji-won, the company said recently.Vice C…
Sixty years ago in 1952, the late founder Kim Jong-hee, only 30 years old at the time, took over Chosun Explosives Co. and set up the Korea Explosives Co. and began to operate the new company to produce explosives during the Korean War, which was the same year his oldest son and current Chairman Kim…
“Kia Motors has to expand its car production overseas, as its current overseas production is too small in terms of the carmaker’s production scale,” Vice Chairman Chung Ui-son said recently in pointing out Kia’s pressing concerns. He made the remarks at a debut ceremony for the K3 sedan at the A…
President Suh Kyung-bae of AmorePacific said in his commemorative speech at a ceremony for the company’s 67th anniversary that he will lead the cosmetics firm to rank the 7th largest in the world by 2020.He unveiled the vision at the ceremony held on Sept. 5 at the company’s head office in Yongsan…
Hyosung Corp. has jumped into the electric car battery recharging business in earnest, with Korea Electric Power Corp. selecting the company as a participant in the EV (electric vehicle) Sharing Model Project, the company said recently.The EV Sharing Project involves a driver renting an electricity-…
CJ Group (Chairman Lee Jae-hyun)  saw its logistics business forge ahead of the food sector in the first half of this year, which is a surprise because the group had just started its new sector of business, accounting for around 40 percent of the group’s total sales in the first half, the grou…
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Industry/Energy
POSCO Chairman Kwon Oh-joon attends a ceremony of setting a fire to the third blast furnace of the Pohang Steelworks on June 6. The third blast furnace at the Pohang Steelworks entered operability as the world’s fifth largest blast furnace, after w…
Vice Chairman Woo Yoo-cheol of Hyundai Steel.(Photo: Hyundai Steel)Hyundai Steel has succeeded in producing next-generation auto steel sheet prototypes based on artificial intelligence algorithms used in AlphaGo, the AI computer program developed by …
President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) gives an appointment letter to Prof. Cha Sang-gyun of Seoul National Univeristy who was tapped as chairman of a committee designed to purse “Digital KEPCO’ based on big data and ICT to pr…
Korea Southern Power Co. (KOSPO) President Yoon Jong-geun poses with Chilean President Michelle Bachelet and Park Seok-ho of head of KOSPO’s Chilean operation, while attending a ceremony to dedicate the 517MW gas-fired combined power plant in Mejill…


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