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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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President Lee Jae-myung shakes hands with French President Emmanuel Macron at a welcoming ceremony at the Elysee Palace on Sept. 8. (Photo on the courtesy of Cheong Wa Dae)President Lee Jae-myung returned home after concluding his four-night, five-da…
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President Lee Jae-myung, First Lady Kim Hae-kyung, descendants of independence fighters, and Para Olympic representatives shout “Hurray” at a ceremony to celebrate the 81st anniversary of Independence Day at Sejong Center for the Performing Arts in…
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President Lee Jae-myung, Samsung Chairman Lee Jae-yong, and SK Chairman Chey Tae-won pose for a photo at the National Report Meeting on the Three Major Mega-Projects for Korea’s Great Leap Forward at the Cheong Wa Dae’s State Guest House on June 29…
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President Lee Jae-myung shakes hands with Italian Prime Minister Giorgia Meloni at a welcoming ceremony at the Rome state guesthouse on June 12. (Photo on the courtesy of the Office of the President)President Lee Jae-myung returned home on July 17 fr…
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