POSCO may launch emergency operations from next month to cope with the slowdown in the world economy, the excess output of steel products, and no sign of recovery yet in sight. Chairman Chung Joon-yang in what will be called the Innovative Festival, or IF, will officially declare the event on Dec. 5…

Daesang Corp., under its vision to work for the creation of future wellbeing, has been going all out to boost its annual sales to 5 trillion won and operating profit to 500 billion won by 2016, the 60th anniversary of its founding in 1956.The food company has been pursuing the globalization and segr…

CJ Cheiljedang has decided to secure half of its annual sales from abroad from next year to upgrade its position as a trailblazing global food and bio enterprise.To achieve the goal, the company will push the localization of its products and brands overseas and continue to invest in R&D activiti…

aT hosted its annual convention with 135 buyers from 26 countries meeting K-Food exporters for one-to-one business consultations on Oct. 9. This year, more than 36 percent of the buyers were from China, revealing the growing opportunities in the Chinese market. The buyers included major retail compa…

“Preview in Seoul 2012 (PIS),” the Seoul International Textile Fair, wrapped up a three-day run on Sept. 7 with the participation of 261 exhibitors, its biggest event ever.PIS 2012, which took place at COEX from Sept. 5-7, attracted 9,928 spectators, according to figures compiled by the Korea Fede…

“Let’ s maintain the proud 88-year long history of Samyang,” said Chairman Kim Yoon on Oct. 12 to some 180 officers and staff of the company as they reached the top of Sobak Mountain in celebration of the group’s 88th anniversary, which fell on Oct. 1.After they hiked 10.6 km to the top of the f…

Doosan Heavy Industries Co. celebrated its 50th anniversary on Sept. 19 at its head office in Changwon, South Gyeongsang Province, with the attendance of some 300 key CEOs and executives of the Doosan Group including Doosan Heavy Industries Vice Chairman Park Ji-won, the company said recently.Vice C…

Sixty years ago in 1952, the late founder Kim Jong-hee, only 30 years old at the time, took over Chosun Explosives Co. and set up the Korea Explosives Co. and began to operate the new company to produce explosives during the Korean War, which was the same year his oldest son and current Chairman Kim…

“Kia Motors has to expand its car production overseas, as its current overseas production is too small in terms of the carmaker’s production scale,” Vice Chairman Chung Ui-son said recently in pointing out Kia’s pressing concerns. He made the remarks at a debut ceremony for the K3 sedan at the A…