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Industry/Energy
President Kim Ho-bin of Korea Midland Power Co. (KOMIPO) delivers his speech at a ceremony to welcome freshmen employees for the first half of 2022 on April 27. (Photos: KOMIPO)Korea Midland Power Co. (KOMIPO) held a ceremony to dedicate a wind power plant built in Stavro, Sweden, at Frankfurt, Germ…
LG Chem announced on April 27 that the company racked up revenue of 11.61 trillion won and operating profit of 1.02 trillion won in 2022 Q1.Revenue rose 6 percent QoQ, while operating profit reported increased 36.9 percent. On a yearly basis, the company reported minus 27.3 percent YoY in operating …
LS Group Chairman Koo Jae-eun, LS Corp. CEO Myung Noh-hyun, LS Cable & System President Koo Bon-kyu, and President Park Ji-heon of Korea Electrical Safety Corp. participate in a ceremony to launch the undersea cable laying ship “GL2030.” (Photo: LS Group)LS Group Chairman Koo Ja-eun made an in…
Korea Electric Power Corp. (KEPCO) is predicted to post an estimated 30 trillion won operating loss this year as fuel cost hikes have not been reflected in electricity rates. Figures released by Korea Power Exchange showed that the system marginal price (SMP), a wholesale price in which the pow…
Nam Yo-shik, head of the Growth Business Division at Korea Hydro Nuclear Power (KHNP), poses with Piotr Naimski, Plenipotentiary of Strategic Energy Infrastructure, and Adam Guibourge-Czetwertynski, Poland’s undersecretary of state at the Ministry of Climate Change and Environment, after he submitt…
Shim Jae-won of the Business Division at Korea Southern Power (KOSPO) and Choi Hyun-geun, head of the Power Innovation Headquarter at Korea Electric Power Corp. (KEPCO) pose after they signed an MOU to verify an ammonia coal mixed combustion power at KEPCO Research Institute (KEPRI) in Daejeon on Ap…
President Kim Young-moon of Korea East-West Power (EWP) and EWP officials participate in a performance in which they pledged EWP’s respecting culture “RESPECT 7.” (Photo: EWP)Korea East-West Power (EWP) celebrated its 21st anniversary at EWP headquarters in Ulsan on April 1. The anniversary …
President Kim Hong-yeon of KEPCO KPS.KEPCO KPS, a plant solution provider, posted 1,380.6 billion won in sales last year, up 6 percent over the previous year on a consolidated basis. The company logged 124 billion won in operating profit, 98.7 billion won in net profit and 2,193 won in earnings…
President Chae Hee-bong of Korea Gas Corp. discloses hydrogen projects and a new business vision at “KOGAS 2021 A New Era” event last Sept. 27. (Photos: KOGAS)Korea Gas Corp. (KOGAS) plans to make 2022 the starting point to make a leap forward to become Korea’s hydrogen platform provider. KO…
KOSPO President Lee Seung-woo attends a ceremony to celebrate the 21st anniversary, which coincided with an event to declare a new corporate environment vision at Busan International Finance Center on April 5. (Photo: KOSPO)Korea Southern Power Co. (KOSPO) is making a fresh start by establishing a n…
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Economy/Finance
Chairman Cho Yong-byoung of Shinhan Financial Group. (Photos: Shinhan Financial Group)Shinhan Financial Group recorded operating profits in the two trillion won range in the first quarter of this year, setting a new profit record. Shinhan Financ…
Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group announced on April 22 that it posted 902.2 billion won in net profit in the first quarter.This was an increase of 8 percent (66.6 billion won) from the…
Chairman Yoon Jong-kyu of KB Financial Group. (Photos: KB Financial Group)KB Financial Group ranked No. 1 in Korean financial institutions in net profit in the first quarter, thanks to the growth of loans and interest income.On April 22, KB Financial…
Sohn Tae-seung, chairman of Woori Financial Group. (Photos: Woori Financial Group)Woori Financial Group recorded record-breaking quarterly earnings in the first quarter, thanks to the incorporation of subsidiaries and an improvement in its profit str…


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