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Industry/Energy
President Lee Seung-woo of Korea Southern Power Co.(KOSPO) gives his New Year’s message at a ceremony to kick off the 2023 business year at KOSPO headquarters in Busan on Jan. 2.In his New Year’s message, President Lee Seung-woo of Korea Southern Power Co. (KOSPO) said, “In the New Year, we still…
A view of KEPCO headquarters in Naju, Jeollanam-do. (Photo: KEPCO)Korea Electric Power Corp. (KEPCO) is predicted to sustain around 30 trillion won in cumulative losses in 2022, but KEPCO has shored up its financial structure worth about 400 billion won through the sale of assets for the past six mo…
A view of Korea South-East Power Co. headquarters in Jinju, Gyeongsangnam-do.President Kim Hoe-chun of Korea South-East Power Co. (KOEN) (Photos: KOEN)Korea South-East Power Co. (KOEN) has been building a new business model in the owners engineering (OE) sector of independent power plants. OE refers…
KPX Chairman Jung Dong-hee, and Labor and management representatives from Korea Power Exchange (KPX) pose after purchasing items from a shop in a traditional market, which were donated to help marginalized neighbors. Korea Power Exchange (KPX) said on Dec. 23 that the peak power demand had reac…
A view of HD Hyundai 50th anniversary at the Global R&D Center in Pangyo, Gyeonggi-do, on Dec. 26. (Photos: HD Hyundai)Hyundai Heavy Industries Group, marking the 50th anniversary, has made a fresh start with its new name, HD Hyundai. The business group designated the new name and held a ce…
President Kang Dal-ho of Hyundai Oilbank. (Photos: Hyundai Oilbank)Hyundai Oilbank has continued to conduct activities to promote regional shared growth at the Daesan area in Seosan City, the location of Hyundai Oilbank headquarters. Hyundai Oilbank has implemented a project to secure a market …
Prime Minister Han Duck-soo convened a meeting of the Regulatory Reform Committee at the Seoul Government Complex on Nov. 25, which approved the introduction of a cap in the system marginal price (SMP) with which Korea Electric Power Corp. (KEPCO) purchases electricity from power generation companie…
Notables, including Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy (MOTIE), participate in a ceremony to dedicate Shin Hanul Unit 1 at the site of Shin Hanul Nuclear Power Plant on Dec. 14. (Photo: MOTIE)In his speech at a ceremony to dedicate Shin Hanul Nuclear Power Unit 1 a…
S-OIL President Ryu Yeol of Corporate Strategy & Services and award winners pose at the 12th Outstanding Degree Thesis Awards and 4th Next-Generation Scientist Awards ceremonies at S-OIL headquarters in Gongdeok-dong, Seoul, on Dec. 9. (Photo: S-OIL)The S-OIL Science and Culture Foundation held …
President Kang Dal-ho of Hyundai Oilbank. (Photos: Hyundai Oilbank)Hyundai Oilbank agreed to extend a supply contract for petroleum products to Sunoco, a U.S. petroleum product distributer, for next year, the Korean refinery said on Nov. 3. With the extending of the petroleum product supply agr…
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Policy/Politics
A Pohang City delegation, headed by Pohang Mayor Lee Kang-deok and Pohang City Council Chairman Paek In-gyu, meets with Rich Fitzgerald, Allegheny County executive and Surh Mi-ran, chairman of the Korean Residents’ Association in Pittsburgh. on Jan.…
Chairman Kang Myung-soo of Korea Standards Association gives his New Year’s message at a ceremony to kick off the 2023 business year. (Photo: KSA)Chairman Kang Myung-soo of Korea Standards Association said, “The New Year is the Year of the Rabbit. …
Chairman Kim Hyeon-ki of the Seoul Metropolitan Council presides over the council’s plenary session for the 2022. (Photos: Seoul Metropolitan Council)The Seoul Metropolitan Council gave the nod to the Seoul Metropolitan Government’s 2023 budget bil…
President Yoon Suk-yeol presides over a New Year’s business report session from the Ministry of Trade, Industry and Energy and the Ministry of SMEs and Startups at the guest house of Cheong Wa Dae on Dec. 27. (Photo on the courtesy of the Presidenti…


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