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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-…
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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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The STX Group said on Sept. 9 that it has agreed with Mechel, Russia’s leading mining company, on a strategic business partnership in shipping and harbor development projects. STX Group chairman Kang Duk-soo and Mechel CEO Igor Zyuzin signed an MOU in a meeting on Sept. 8 on the sidelines of t…
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The heads of five private economic organizations including the Federation of Korean Industries (FKI) and the Korea Chamber of Commerce and Industry (KCCI) met and agreed that they should come up with measures to cope with the current deterioration in the business environment due to talks on economic…
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AmorePacific, Korea’s No. 1 cosmetics maker, aims to be the 7th largest cosmetics maker in the world by 2020, said Chairman Suh Kyung-bae during a dedication ceremony on May 30 for the company’s Beauty Campus in Osan, Gyeonggi Province. The 89,000 square meter cosmetics production and R&D cent…
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Hwacheon Group has gone from strength to strength as Korea’s representative machine tools maker since its inception 60 years ago.Hwacheon Group Chairman Kwon Young-yual said his late father Kwon Seung-kwan launched a tiny ironworks factory in 1952 at the height of the Korean War (1950-53) with his …
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Companhia Siderurgica do Pecem (CSP), a steel company in which Dongkuk Steel is invested, broke ground to build a steel plant on July 17 at the Pecem Industrial Complex in Ceara State in northeast Brazil, Dongkuk Steel said recently. The dignitaries participating in the ceremony to kick off the cons…
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LSIS has come close to the localization of a high voltage, direct current (HVDC) electric power transmission system, which is likely to emerge as one of the core smart grid technologies.The company has built an HVDC electric power transmission system production plant in the Hwajeon Industrial Comple…
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When it comes to the development of electric vehicle (EV) automotive parts, LSIS is a latecomer. It was in 1993 that the company launched the study of EV components by participating in a state-funded G7 EV components project. Until a few years ago, the global EV relay market was dominated by su…
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Honorary chairman of LG Group Koo Cha-kyung has successfully been operating the LG Science Hall in both Seoul and Busan for 25 years since his retirement from the group with some 5.15 million people, primarily groups of students and youths, visiting the facilities exhibiting science equipment and in…
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LS Cable & System President & CEO Koo Bon-kyu delivers a commemorative speech at a groundbreaking ceremony for the largest submarine cable manufacturing plant in Chesapeake, Virginia. LS Cable & System has become the first Korean com…
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President Huh Se-hong of GS Caltex. (Photos: GS Caltex)GS Caltex’s tedious efforts have paid off through private-public sector cooperation: persuading the International Maritime Organization (IMO) to allow general refueling ships to carry “B30 bio …
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President Kwon Myung-ho of Korea East-West Power (EWP). (Photos: EWP)Korea East-West Power Co. (EWP) revealed AI technologies for use in the energy sector at the 2025 World IT Show, which took place at COEX in Seoul from April 24 to April 26. Th…
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Acting Chmn. Kim Hong-keun of Korea Power Exchange (KPX) poses with Moon Il-joo, head of the Technology Headquarters at Korea Electric Power Corp., Koh Kook-hyun, chief of the Management Support Headquarters at Korea District Heating Corp., Shin Yong…
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