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Korean President Moon Jae-in and U.S. President Joe Biden explain the outcomes of their talks at a joint news conference following the summit at the East Room of the White House on May 21. (Photos on the courtesy of Cheong Wa Dae website)President Moon Jae-in and U.S. President Joe Biden agreed to r…
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Deputy Prime Minister and Minister Hong Nam-ki of the Ministry of Economy and Finance (MOEF). (Photo: MOEF)The Asian Development Bank (ADB) will hold the 54th Annual Meeting of the Board of Governors in a virtual format from May 3 to May 5, with a focus on deepening collaboration for a resilient and…
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Chairman Chey Tae-won (middle), chairman of the Seoul Chamber of Commerce and Industry, presides over his first meeting with chairmen of regional chambers of commerce on line on March 18. “We will launch a new regional economic team to promote regional economies,” Chey says. Woo Tae-hee (left), vi…
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LS Group Chairman Christopher Koo has been appointed as the 31st chairman of the Korea International Trade Association (KITA). (Photo: LS Group)LS Group Chairman Koo Ja-yeol (Christopher Koo) has been appointed as the 31st chairman of the Korea International Trade Association (KITA). KITA’s leaders…
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President Moon Jae-in announces national tasks for the year 2021 during his New Year’s address on Jan. 11. (Photo on the courtesy of Cheong Wa Dae website)President Moon Jae-in said, “Inter-Korean cooperation on its own can achieve many things.” During the fifth and final year in office, Presiden…
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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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(from left) Chmn. Koo Ja-kyun of LS ELECTRIC, President Kim Dong-cheol of Korea Electric Power Corp. (KEPCO) and President Koo Bon-gyu of LS Cable & System attend a ceremony to strike an MOU on building a data center superconductivity power gird …
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Chairman Park Jung-won of Doosan Group. (Photo: Doosan Group)Doosan Enerbility said on July 23 that it had obtained a type certification from Underwriters Laboratories (UL), the global leader in product safety testing and certification, for its 10MW …
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President Hwang Ju-ho of Korea Hydro & Nuclear Power (KHNP) (Photos: KHNP)Korea Hydro & Nuclear Power (KHNP) held the “Team Korea Project Promotion Strategy Meeting for the Czech New Nuclear Power Project” to implement the new nuclear power…
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Chairman Koo Ja-eun of LS Group. (Photos: LS Group)The “One Big Beautiful Bill Act (OBBBA)” which went into force after it was signed by U.S. President Donald Trump, has made Korean companies stand on the guard due to curtailment and early terminat…
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