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Kang Dong-suk, chairman of the Organizing Committee for Expo 2012 Yeosu KoreaWith less than two months to go before the opening of Expo 2012 Yeosu Korea on May 12, the spotlight has been on the diverse exhibitions and other things spectators will see and experience during the 90-day expo period that…
Korea National Oil Corp. will increase its capital to 13 trillion won, up 3 trillion won, according to the Ministry of Knowledge Economy on March 11, pending the revision of the KNOC Law.The ministry said the need to increase capital is part of the government plan to continue to focus on the oversea…
A Korean consortium of Korea National Oil Corp. and GS Energy signed a contract with Abu Dhabi National Oil Co. to develop three untapped oil blocks in Abu Dhabi at the ADNOC headquarters on March 5. Among those on hand at the signing ceremony are GS Caltex Chairman Hur Dong-soo; PCFV Chairman Kwak …
More than 50 heads of state and four representatives of major international organizations will descend on Seoul to participate in the 2012 Nuclear Security Summit (NSS) to discuss ways to promote international cooperation and enhance protective measures for nuclear materials and facilities from bein…
Chairman Chang Sae-joo of Dongkuk Steel said in his New Year message regarding management policies for the steel group that the steelmaker should have a risk management system, the creative reestablishment of the originality of its business, strengthen its means to cope with changes, and continue ma…
President Nam Sang-tae of Daewoo Shipbuilding and Offshore Co. said recently that the shipyard signed a contract worth $1.1 billion to build three submarines weighing 1,400 tons each for an Indonesian owner, the largest order ever for the defense industry in Korea. He said the project is a shot in t…
GS Caltex Chairman Hur Dong-soo said it is too early to talk about GS Energy's initial public offering because the new energy affiliate of the GS Group launched in January still has a long way to go to be a full-fledged energy company.The energy firm will take charge of new and recycled energy, repl…
"I will do my best to make Hynix a great success," proclaimed Chairman Chey Tae-won in his inaugural speech as new chair-man of Hynix Semiconductor Co., which his business group took over recently, and following his selection as the top executive by the chipmaker's board on Feb. 14.At the Seoul offi…
An A320 passenger plane of Airbus is shown taking off. Korea Aerospace Industries(KAI) won a bid to supply the wing bottom panels for some 500 A320 planes worth  $600 million on Jan. 24 until 2025, the largest single contract to supply airplane parts  won by KAI so far in its history.Korea…
KOSEP President Jang Do-soo is flanked by KEPCO KPS President Tae Sung-eun and PTC Energy Chairman T. N. Thakur as they sign an MOU on the joint exploration of the Indian coal-fired power market at the KEPCO KPS headquarters on Jan. 10.A  consortium led by Korea South-East Power Co. (KOSEP) wil…
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Policy/Politics
Rep. Kim Han-jung Special Committee on Political Reform of the National Assembly.  Political reform will have to be made in such a way that it can be representative of the people’s will, said Rep. Kim Han-jung, who serves as a member of the Sp…
A group of key participants raise arms led by Busan Mayor Suh Byung-soo at the 4th International Conference held on  Nov. 28 at the Federation of Korean Industries building in Seoul hosted by Busan Metropolitan City in a bid to bring World Expo …
The participants in the 5th International Forum on Housing and Urban Finance including Minister Kim Hyun-mee of the Ministry of Land, Infrastructure and Transport, pose for a photo during the international event held on Dec. 14 at Conrad Hilton Hotel…
President Moon Jae-in shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing on Dec. 14. (Photo: courtesy on the website of Cheong Wa Dae) President Moon Jae-in returned home on Dec. 16 after wrapping up a three-da…


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