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Business/Company
POSCO Chairman Kwon Oh-joon. (Photo: POSCO) POSCO Chairman Kwon Oh-joon disclosed his plan to nearly double POSCO’s operating profit in a consolidated financial statement to up to 5 trillion won during his three-year term. POSCO chalked up 2.8443 trillion won in operating profit last year. His pla…
SK Group Chairman Chey Tae-won looks at a semiconductor item at SK Hynix’s plant in Chongqing, China. (Photo: SK Group) SK, marking its 64th anniversary on April 8, is no longer a company dependent primarily on domestic demand, but an exporter company. SK Group posted $52.4 billion in group-wide e…
LG executives, including LG Group Chairman Koo Bon-moo, Vice Chairman Koo Bon-joon, LG Chem Vice Chairman Park Jin-soo, LG U+ Vice Chairman Kwon Young-soo, and LG Display Vice Chairman Han Sang-beom, participate in an event to celebrate the 70th anniversary at LG Tower in Yeouido, Seoul.  (Pho…
Lotte Group Chairman Shin Dong-bin delivers his speech at a ceremony to celebrated the 50th anniversary of the gorup’s founding at the Lotte Hotel World in Songpa-gu, Seoul, on April 3. (Photo: Lotte Group) At a ceremony to mark the 50th anniversary of Lotte Group’s founding at the Lotte Hotel Wo…
CJ Group Chairman Lee Jay-hyun.  CJ Group, armed with unconventional, innovative technology and services, is accelerating its efforts to dominate foreign markets.  The group aims to make a “great leap forward” by 2020 to become a global life and culture company under the vision “Great…
LSIS Chairman Koo Ja-kyun. (Photos: LSIS) Independent microgrids are the best alternative to cope with the explosive growth of electricity demand, and LSIS is going to take the lead in the global market by developing business models tailored to meet regional needs, LSIS Chairman Koo Ja-kyun said. C…
LG Chem Vice Chairman Park Jin-soo. (Photo: LG Chem)LG Chem plans to invest 1 trillion won in R&D outlays this year. LG Chem Vice Chairman Park Jin-soo revealed his plan in a meeting with reporters at LG Technology Research Institute in Daejeon on March 31.“R&D outlays will increase 10 perc…
POSCO Chairman Kwon Oh-joon welcomes shareholders prior to an shareholder's meeting at the POSCO Center in Seoul on March 10 in which he was officially reelected for his second term.(Photo: POSCO) POSCO Chairman Kwon Oh-joon, after being reelected for a second term, unveiled an ambitious plan to em…
KT Chairman Hwang Chang-gyu delivers a key-note speech at the Mobile World Congress (MWC) 2017 in Barcelona, Spain, on Feb. 27. (Photo: KT) KT Chairman Hwang Chang-gyu said KT will commercialize G5 network technology for the first time in the world in the next two years. Chairman Hwang made the rem…
SK Telecom President Park Jung-ho reveals his company’s plan to lead the building of a connected car network in connection with the advent of a self-driving car ear during his meeting with reporters on the sideline of the Mobile World Congress 2017 in Barcelona, Spain. (Photo: SK Telecom) SK Telec…
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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…
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…
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 …


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