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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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Korea Trade Insurance Corp. celebrated its 20th anniversary on July 6 at its head office in Seorin-dong, downtown Seoul, with a slew of dignitaries attending led by Minister Hong Suk-woo of the Ministry of Knowledge Economy and hundreds of officers and staff of the company including Chairman and Pre…
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Samsung Group’s new Corporate Strategy Office Chief Choi Gee-sung is seeking to spread Samsung Electronics’ “success DNA” - globalization mindset - to the group’s subsidiaries, business sources said.Samsung Electronics CEO and Vice Chairman has been promoted to head the group’s Corporate Strat…
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The Ministry of Strategy and Finance (MOSF) and the American Chamber of Commerce Korea jointly held the KOR-US FTA Utilization Seminar at the Lotte Hotel in downtown Seoul on May 3. The event was attended by over 400 key leaders from both sides including Vice Minister Kim Dong-yon of the MOSF and Ch…
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President Lee Myung-bak delivers a congratulatory speech at a ceremony for KOTRA's 50th anniversary on June 5 at the Korea Journalism Foundation building in Seoul.Korea Trade-Investment Promotion Agency (KOTRA), a major player in the promotion of Korea’s exports, celebrated its 50th anniversary on …
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A poster to publicize a national briefing session on the three mega projects “for Korea’s Great Leap Forward” at the State Guest House of the Cheong Wa Dae on June 29. (Photo on the courtesy of the Office of the President)The Korean government wil…
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Min Hyung-bae, mayor of Jeonnam-Gwangju Special Metropolitan City, takes the oath of office at Main Assembly Hall of the City Council in Muan on July 1. (Photo: Jeonnam-Gwangju Special Metropolitan City)Min Hyung-bae, went down in history as the firs…
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Gyeongju Mayor Joo Nak-young explains the direction of city administration, including growth strategies to lead the future of Gyeongju and a vision for the next four years, in a meeting with reporters at Alcheon Hall in Gyeongju City Hall on July 15.…
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Seoul Mayor Oh Se-hoon delivers his inaugural address during the 40th Seoul Mayor’s inauguration ceremony at Seoul City Hall on July 1.On the first day of his fifth term in office, Seoul Mayor Oh Se-hoon again brought up ‘youth’ as the key keyword…
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