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Industry/Energy
President Huh Soo-young of Lotte Chem. (Photo: Lotte Chem) Lotte Chem is about to record an annual profit for the third straight year, along with a strong three-year increase in stock prices.The success has been attributed to high chemical product prices in recent years and the additional prod…
A scene from a Hyundai Mobis plant in Georgia, the United States.(Photo: Hyundai Mobis) Hyundai Mobis is proud of the fact that its overseas orders jumped five times in the past 12 months, with orders picked up in North America and China coming to $4.8 billion as of Aug. 30. The moves are all the m…
President Moon Jong-bak of Hyundai Oilbank.(Photo: Hyundai Oilbank) In 2014, the oil industry hit rock bottom as oil prices crashed and the global economy was in doldrums, straining the demand for petroleum products across the board. With oil prices cheaper than water in some places, “the more oil…
A view of Korea Midland Power Co. (KOMIPO) in Boryeong, Chungcheongnam-do. Korea Midland Power Co. (KOMIPO) is accelerating efforts to cut fine dust emissions from its power plants. KOMIPO plans to pour 1.653 trillion won into lowering pollution emissions from power facilities in the Boryung Power…
Korea Southern Power Co. (KOSPO) is making massive investments into new and renewable energy projects with the goal of making a shift in the energy paradigm to promote public safety.  The power company is accelerating efforts to expand new and renewable energy industry infrastructure with th…
Korea Electric Power Corp. President Cho Hwan-eik visits the Big Data Center of LG U+ in Yongsan-gu, Seoul, on Sept. 14. (Photos: KEPCO) Korea Electric Power Corp. (KEPCO) President Cho Hwan-eik toured the Big Data Center of LG U+, a company specializing in the 4th Industrial Revolution, which is l…
A view of LG Chem’s plant in Daesang, Chungcheongnam-dop. (Photo: LG Chem) LG Chem has seen its corporate value surge 12.8 trillion won over ten months. LG Chem shares were traded for 390,000 won per share on the Korean bourse on Sept. 12, an 81 percent jump over 10 months ago. The company saw its…
A lab of GS Caltex’s plant in Yeosu.A view of GS Caltex’s plant in Yeosu. (Photos: GS Caltex) GS Caltex is in its 50th year of operation this year. At the company’s new year ceremony on Jan. 1 at GS Tower in Nonhyun-ro, Seoul, Chairman Huh Jin-soo said the oil company will never let up on its ch…
A view of Hanwha Chemical’s plant in Ulsan. (Photo: Hanwha Chemical) Hanwha Chemical has accumulated a record amount of cash on back of its improving business performance. As a result, the company has seen its credit rating continue rise as it repays debts. Korea Ratings on Sept. 11 revised the o…
President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) (Phoertos: KEPCO) Korea Electric Power Corp. (KEPCO) is considering acquiring a biomass power plant now under construction in Georgia, the United States. A biomass power plant uses waste timber (wood pellets) to produce steam for power ge…
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Policy/Politics
Minister of Trade, Industry and Energy Paik Un-gyu poses with KPA Chairman Kim Hyo-suk of the Korea Petroleum Association, GS Caltex Chairman Huh Jin-soo, SK Energy President Cho Kyung-mok, S Oil President Osman and Hyundai Oilbank President Moon Jon…
New President Oh Young-sik of Korail delivers his inaugural speech on ‘Feb. 20 at Korail headquarters in Daejeon.(Photos: Korail)Korea Railroad Corp. (Korail) will be one of the busiest organizations during the 2018 PyeongChang Winter Olympics as it…
Participants in the Workshop on Sharing the Results for Overseas Projects Forum hosted by the Korea Rail Network Authority(KR) raise their arms to make KR’s overseas projects profitable during the workshop on Jan. 11. Korea Rail Network Authority (…
President Park Sang-woo of Korea Land and Housing Corp. Korea Land and Housing Corp. (LH) announced on Feb. 11 that it will take part in 961 public project orders this year amounting to 9.2 trillion won, which is down 2.7 trillion won. The reduction…


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