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 …

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 …

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…

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…

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…

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…

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…

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…

President Moon Jae-in speaks at a meeting at Seoul City Hall on March 16 to discuss ways of containing the spread of COVID-19 as Minister Park Neung-hoo of Health and Welfare, Minister of Interior and Safety Chin Young, and Seoul Mayor Park Won-soon look on. COVID-19, which started in China late las…