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POSCO Chairman Choi Jeong-woo gives a key-note speech on the theme of “Post-COVID-19 Megatrends: A New Decade” at WSD Steel Success Strategies held virtually on Oct. 27. (Photos: POSCO)POSCO Chairman Choi Jeong-woo, who has been nominated for his second term, has declared an official company goal …
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Korean Air Chairman Cho Won-tae. Korean Air will be merged with the financially troubled Asiana Airlines. If the megadeal is completed, it will create a “super national flag carrier,” which ranks 7th among global airliners. Under the megadeal, Korea Development Bank (KDB), the main credit bank of …
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Hyundai Motor Group Chairman Chung Eui-sun. (Photos: Hyundai Motor Group)Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has been promoted to chairman of the automobile conglomerate, succeeding his father Chung Mong-koo. Hyundai Motor, Hyundai Mobis and other subsidiaries of Hyundai Motor …
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Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki. (Photos: MOEF)The 2020 Annual Meetings of the International Monetary Fund (IMF) and the Board of Governors of the World Bank Group (WBG) will be held virtually this year on October 12-18, 2020, to ensure the health and safety of …
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President Lee Cheong-ryong of Mine Reclamation Corp. (MIRECO).Mine Reclamation Corp. (MIRECO) plans to implement a project to reclaim mining areas polluted with mercury in Indonesia. The project is one of an Official Development Assistance (ODA) programs of the Ministry of Trade, Industry and Energy…
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Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki presides over an online governors’ meeting on May 22 at Seoul Government Complex on May 22, the first part of the 53rd ADB Annual Meeting. (Photo: MOEF)The Asian Development Bank (ADB) will hold the second stage of its 53rd Annua…
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President Moon Jae-in presides over a national report session on the Korean New Deal at Cheong Wa Dae on July 14. (Photo on the courtesy of Cheong Wa Dae website)The government came up with a master plan for a “Korean New Deal,” which will channel 160 trillion won into the economy and create 1.9 m…
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Rep. Park Byung-seug of the ruling Democratic Party elected speaker of the National Assembly for the first half of the 21st National Assembly delivers a speech at the first plenary session in the National Assembly in Yeoido, Seoul on June 5. (Photos: Democratic Party) Rep. Park Byung-seug of the rul…
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Deputy Prime Minister-Minister of Economy and Finance Hong Nam-ki gives a speech at the 2nd Meeting of the Central Economic Response Headquarters at the Seoul Government Complex on May 5. (Photo: MOEF)The government has drawn up a blueprint of the Korean version of the “New Deal” Program to create…
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Lee Nak-yeon, co-chairman of the ruling Democratic Party's campaign committee, delivers a speech at the party's vote counting room. He beat Hwang Kyo-ahn, chairman of the opposition party,in Seoul’s Jong-no electorate race, dubbed as a pre-match of two presidential hopefuls ahead of an upcoming pre…
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Chairman Kim Ki-moon of Korea Federation of Small and Medium Business (KBIZ) poses with President & CEO Mohammad Ali Rashed Lootah of Dubai Chambers after they discussed ways of promoting exchanges and cooperation at Dubai Chambers on Feb. 7. (Ph…
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Amorepacific Group logged 4,259.9 billion won in sales and 249.3 billion won in operating profit last year. The figures represent a 5.9 percent year-on-year rise and a 64 percent year-on-year jump compared to 2023. The high growth rate of t…
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A view of the redesigned Genesis GV60 whose sale was launched in Korea on March 6. (Photo: Hyundai Motor)Sales of the redesigned Genesis GV60 in Korea started on March 6, showcasing more power and state-of-the-art luxury features.It’s the first time…
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A view of “Bibigo Yugjeubgadeug Mandu,” stuffed with chunks of meat and vegetables, and products of the instant rice brand “Hetbahn Sotbahn,” released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang released “Bibigo Yugjeubgadeug Mandu…
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