“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…

President Suh Kyung-bae of AmorePacific said in his commemorative speech at a ceremony for the company’s 67th anniversary that he will lead the cosmetics firm to rank the 7th largest in the world by 2020.He unveiled the vision at the ceremony held on Sept. 5 at the company’s head office in Yongsan…

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-…

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…

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…