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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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Hyundai Motor posted the largest H1 operating profit in its history this year at 25.023 billion won, up 11.4 percent, second only to a 12 percent jump for BMW in the world auto industry, with 85 percent of its car sales coming from overseas, the auto maker said recently.The significance of the feat …
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K Business Group has been updating its shared growth model focusing on “teaching how to catch fish” instead of “giving fish.” The nation’s third largest conglomerate has decided to expand its shared growth management to three categories °™ education, technology, and funding °™ in order to h…
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Chairman Park Sam-koo of Kumho-Asiana Group said, “We have just completed our reorganization and it’s about time to work for the creation of our group for the second time in the second half.”The chairman at the welcoming ceremony for newly-hired employees on July 2 at the group’s headquart…
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Hwang Ki-yeon, the 23rd president of the Export-Import Bank of Korea, delivers his inaugural address at the auditorium of the bank's Yeouido headquarters in Seoul on Nov. 6. (Photos: Korea Eximbank)“The Export-Import Bank of Korea should evolve beyo…
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FSC Chairman Lee Eok-won poses for a photo with Mirae Asset Chairman Park Hyeon-joo, Celltrion Chairman Seo Jung-jin and Korea Development Bank Chairman Park Sang-jin among others during the National Growth Fund Launch Ceremony at Korea Development B…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group won the Presidential Prize, the highest honor, at the 25th Korea Digital Management Innovation Awards on Nov. 27. The honor recognized KB Financial Grou…
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On Dec. 12, IBK established an international cooperation network in Luxembourg to support Korean SMEs and startups. Kim Sung-tae, CEO of IBK, poses for a photo with Gilles Roth, Luxembourg’s Minister of Finance and chairman of LHoFT at the Luxembour…
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