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Vice Chairman Huh Jin-soo of GS Caltex. GS Caltex has been focusing on the development of Biobutanol as a new next generation -environment friendly fuel oil among its R&D activities at its Technology Institute in the Yeosu Oil Refinery Complex in Yeosu, South Jeolla Province, which was set up t…
President Jun Dong-soo of Samsung SDS.(Photos:Samsung SDS) Samsung SDS is accelerating its efforts to restructure its business portfolios to enhance corporate values as the system integration unit of Samsung Business Group, which plays a pivotal role in corporate governance of Samsung Business Grou…
SK Telecom’s acquisition of CJ Hellovision, the nation’s No. 1 cable TV company, may be construed as part of the nation’s largest telecom service provider’s strategy to solidify the media business the company seeks to nurture as a next-generation growth engine. The acquisition will likely earn…
President Kwon Young-soo of LG Chemical Co. LG Chemical signed a deal with Tesla Motors Inc. to supply batteries to its Roadster, an electric car that Tesla Motors launched in 2010. The production of the Roadster ceased in 2012, but Tesla is in the middle of talks with the owners of the Roadster to…
Chairman Park Gee-won of Doosan Heavy Industries and Construction Co. Doosan Heavy Industries and Construction Co. is very likely to clinch 10 trillion won worth of projects this year as the company continues to capture 1,000 mega-watt thermal power plant projects, Doosan said recently. It will be…
Shinsegae DF, a new affiliate of Shinsegae Group, set up to manage a duty free shop, plans to invest some 53 billion won in tourism infrastructure and commercial facilities over the next five years to give a boost to tourism in the heart of Seoul.  Recently Shinsegae won a license to operate…
President Baek Bok-in of Korea Tobacco and Ginseng Co.(KT&G) delivers his inaugural speech at a ceremony held at KT&G on Oct. 7.(Photo:KT&G) Baek Bok-in, vice president of Korea Tobacco and Ginseng Corp., has been promoted to take over as president of the state-run monopoly after shareh…
Chairman Kwon Oh-joon of POSCO. POSCO plans to boost its R&D in steel technology by expanding investments in the sector to catch up with Japanese steel makers, and at the same time stay ahead of Chinese steel makers, who have been growing fast. POSCO’s top management felt that the steel maker …
Samsung Group Chairman Lee Kun-hee. Samsung Group said on Oct. 22 that its executives will donate 25 billion won to Youth Hope Fund Korea, a charity designed to create jobs for youth. The group said 20 billion won will be donated in the name of Samsung Group Chairman Lee Kun-hee, who is still in h…
Vice Chairman Chung Ui-sun of Hyundai Motor Group.(Photos:Hyundai Motor Group) Hyundai Motor Group has decided to spin off its Genesis passenger car unit as an independent car maker to compete in the global brand-name car market currently dominated by Lexus, Audi, BMW and Mercedes.  Vice Chai…
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Policy/Politics
Deputy Prime Minister-Minister of Economy and Finance Hong Nam-ki speaks at a related ministers’ meeting in which he presided over at the Government Complex in Seoul on April 23. The meeting discussed how to provide financial support to the cash-str…
President Byun Chang-heum of Korea Land & Housing Corp. (LH).Prof. Byun Chang-heum of King Sejong University Department of Public Administration took office as president of Korea Land & Housing Corp. (LH) on April 29. New President Byun becam…
President Chang Joon-young of Korea Environment Corp. (K-eco). (Photo: K-eco)Korea Environment Corporation (K-eco)’s “telemetery monitoring system” (TMS) has proved to have properly managed air pollutants being emitted by 90 percent of smokestacks…
A view of the Gov. Yang Seung-jo of Chungcheong nam-do, 7th R, and members of his mission and top managers of the French company posing for a photo session after signing an MOU for $500 million investment to expand and newly build a poly propylene pl…


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