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Hyundai Wia President Chung Myung-chul (photo: Hyundai Wia)Hyundai Wia is turning to the localization of turbochargers. The subsidiary of Hyundai Motor-Kia Motors Group has thrown down the gauntlet against global turbocharger makers, including Honeywell and BorgWarner, both of the United States…
  Chairman Park Yong-maan of Doosan Group delivers his inauguration speech at a ceremony on Aug. 21 at Seoul Chamber of  Commerce and Industry as new chairman. The SCCI chairman automatically assumes chairmanship at the Korea Chamber of Commerce and Industry.(Photos:KCCI)&nb…
Chairman Lee Jong-koo of the National Federation of Fisheries Cooperatives (Suhyup) speaks at the 3rd KNFC International Fishing Symposium.(Photos: Suhyup)  The year 2013 is sure to be remembered as a significant year in the history of the Korean fisheries industry and fishing communi…
President Park became the first Korean head of state to cut the tape to launch a submarine.(photos: Cheong Wa Dae)    The “214-class” Kim Jwa-jin, a 1,800-ton, SS-II submarine, was launched with a ceremony at the Okpo shipyard of Daewoo Shipbuilding & Marine Engineering Co. (DS…
President Suk Tai-Soo of Hanjin-Kal Holdings, the newly created mother company for Hanjin Group.(Photo: Hanjin Group)   Hanjin Group will be turned around and centered on Hanjin-KAL Holding Co., with six of its affiliates including Korean Air, Hanjin-KAL Holding, Korea Airport, Hanjin Ship…
Chairman Koo Bon-moo of LG Group.(Photos: LG Group)LG Group has been considering a plan to focus its investments in four key areas including energy, auto parts, living eco, and healthcare as part of its future growth engines. The areas include such key products as fuel cell batteries, batteries for…
HHI CEO Lee Jae-seong and SEC Chairman Saleh bin Hussein Al Awaji sign a $3.3 billion deal on the Shuqaiq steam power plant project for state-run Saudi Electricity Company (SEC) in Riyadh on Aug. 4. (photos: HHI)Hyundai Heavy Industries (HHI) is the world’s biggest shipbuilder. But HHI ha…
Officials of Daewoo International Corp., an affiliate of POSCO, and local Myanmar dignitaries led by Myanmar Vice President Nyan Tun, Chairman Chung Joon-yang of POSCO and Vice Chairman Lee Dong-hee of Daewoo International clap their hands at First Gas Ceremony of Shwe Project in Myan…
Chairman Chung Mong-koo of Hyundai Motor Group.(photo: Hyundai Motor) Hyundai Motor Co.’s Q2 sales of its cars will go down as the biggest quarterly sales in its history at 23.183 trillion won, which also boosted the first half sales record to 44.551 trillion won, thanks to hikes in overseas sales…
Cheil Industries is turning to the development its high-tech materials for the IT industry as part of its strategy to nurture its key new growth engine. A Cheil Industries official test-operates an OLED product.(photos: Cheil Industries)  Cheil Industries has opted to develop its hig…
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Economy/Finance
최종구 금융위원장이 고(高) 총부채원리금상환비율(DSR) 기준에 대해 은행업권 별로 차등화한다는 입장을 밝혔다.또 고DSR 기준으로 취약계층 차주들이 겪는 대출의 어려움을 고려해 DSR이 제외되는 서민상품금융을 확대하는 방안을 마련하기로 했다.16일 최종구 금융위…
Chairman Yoon Jong-kyoo of KB Financial Group speaks at a ceremony for the opening of KB Kookmin Bank’s third branch in Cambodia early last year. (Photo: KB Financial Group)Chairman Yoon Jong-kyoo has been on a trip to Southeast Asia after stopovers…
Chairman Eun Song-soo of the Import and Export Bank of Korea(Korea Eximbank),left, beams after signing an EDCF loan agreement with Chairman Tarek Gamal El-Din Galal of the Egyptian Authority for Tunnels on Aug. 28 at Korea Eximbank’s Seoul head offi…
President Sohn Tae-seung of Woori Bank. (Photo: Woori Bank)Woori Bank is on track to accomplish the seven management tasks laid out by Chairman Sohn Tae-seung when he took over the helm of the bank last December.The tasks included securing a foundati…


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