Asiana Airlines President Kim Soo-cheon speaks at a meeting with reporters on the occasion of the airliner’s marking the 30th anniversary. (Photo: Asiana Airlines) Asiana Airlines, marking its 30th anniversary this year, is seeking to find a breakthrough in the operation of long-haul flights. The …

A nightly view of the Yeosu Oil Refinery Complex in Yeosu, South Jeolla Province.(Photos: GS Caltex)Chairman Huh Jin-soo of GS Caltex GS Caltex is about to strengthen its non-oil refining sector by investing 2 trillion won to build a new olefin production facility at a location with 430,000 square …

POSCO Chairman Kwon Oh-joon speaks at a ceremony to kick off the 2018 business year. (Photo: POSCO) Under the stewardship of Chairman Kwon Oh-joon, POSCO Group, only recently emerging from restructuring, is back on track. The group returned to the 60 trillion won sales territory last year for the f…

KT&G President Baek Bok-in. KT&G saw overseas revenue top 1 trillion won annually last year for the first time since its establishment.  KT&G said on Feb. 1 it chalked up a record 1,048 trillion won in overseas revenues in 2017, an 11.3 percent surge from 941.4 trillion won in 201…

Lotte Group Chairman Shin Dong-bin. (Photo: Lotte Group) Lotte Group Chairman Shin Dong-bin stressed the need for a digital transformation to cope with changes in technology, the environment and consumer demand. Chairman Shin made the remarks at the Value Creation Meeting for the 1st half of 2018 i…

POSCO DAEWOO President Kim Young-sang unveils the company’s business performances for 2017 as well as mid- and long-term strategies and action plans at an IR session targeting institutional investors at the FKI Center in Yeouido, Seoul, on Jan. 26. (Photos: POSCO DAEWOO)POSCO DAEWOO President Kim d…

Kolon Group Chairman Lee Woong-yeul pins on the jacket of a newly installed executive abadge, carrying the word “CAT,” deriving from the 2018 management tenet “CATCH” at a ceremony to kick off the 2018 business year at the Kolon Tower in Gwacheon City, south of Seoul, on Jan. 2. Kolon Group has…

SK Hynix’s fab line in Cheongju.A 72-layor DRAM produced by SK Hynix. (Photos: SK Hynix) SK Hynix issued optimistic outlooks for the global semiconductor market for the year ahead: a 20 percent surge in DRAMs and a 40 percent jump in NAND flash memory demand. SK Hynix is forecast to set aside mor…

SK Telecom President Park Jung-ho. (Photos: SK Telecom) SK Telecom chalked up revenue of 17.52 trillion won, operating income of 1.53 trillion won, and net income of 2.65 trillion won, based on Korean International Financial Reporting Standards (K-IFRS) in 2017. Backed by a sales increase in the m…