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POSCO became the first company in Korea to receive an AA grade for the 4th consecutive time in the ‘Compliance Program.’  POSCO, since having acquired an AA grade in the ‘Compliance Program,’ which was first started in 2006 by the Fair Trade Commission, has successfully maintained the highe…
Korea Hydro and Nuclear Power Co. (KHNP CEO Kim Kyun-seop) held a ceremony to complete the Shin Kori Nuclear Power Units 1&2 in Jangan-eup, Gijang-gun, Busan, on Dec. 4. Among the 400 people on hand at the event were Minister of Knowledge Economy Hong Suk-woo, the heads of regional organizations…
KOTRA President Cho Hwan-eik took office as the 19th president of Korea Electric Power Corp. on Dec. 17 and pledged to do his utmost to ensure a stable supply of electricity. Earlier on the same day, KEPCO held an interim shareholders’ meeting and approved KOTRA President Cho’s appoint as the…
Toray Advanced Materials Korea, a Korean affiliate of Toray Industrial Co. of Japan, won the Korea National Quality Award in the sector of Six Sigma reform with its main lines of business being felt, yarn, film, IT, and carbon textile, among others.The Korean affiliate of the Japanese company has be…
Ottogi Co. has been producing various brand name products with a steady growth in partnerships with a number of local autonomous organizations through diverse cooperative relations with them.Ottogi recently introduced a tomato spaghetti sauce made with tomatoes the company bought from Hwacheon Count…
S PC Group signed an MOU on the supply of apples and a partnership for co-prosperity with Yeongcheon City in North Gyeongsang Province on Aug. 22 through Paris Baguette stores, cafes, and bakeries in the city.Under the contract, Paris Baguette will be able to enhance the quality of its bakery produc…
Nongshim’s ramyeon brand Shinramyeon Black’s return to the market following a 14-month hiatus is showing signs of resurgence. The revamped brand surpassed the 3 million-packs-sold mark in across the nation and chalked up 3 billion won in sales two weeks after its return to the market. The bra…
Vice chairman Kim Dong-soo of the Korea Federation of Textile Industries said textile exports this year would increase by around 2.4 percent YoY, despite the European debt crisis, thanks to the Korea-U.S. (FTA) and China’s stimulus moves to spur its economic growth this year.Question: What is the s…
President Huh Soo-young of Honam Petrochemical Corp., an affiliate of Lotte Group, said the expansion of the naptha cracking center (NCC) will be completed soon and will go online with the company’s own technologies, which is a very significant milestone in the company’s history.Honam Petrochemica…
The Korean display industry aims at raising display exports from $35 billion in 2012 to $50 billion in 2015 and getting a jumpstart in the global next-generation display market. These are contained in “Vision 2015,” which the Korean display industry unveiled at a ceremony to celebrate the thi…
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Policy/Politics
President Moon Jae-in has an “open-minded” discussion with conglomerate leaders and economic and business heads, including Samsung Electronics Vice Chairman Lee Jay-yong, Hyundai Motor Group Executive Vice Chairman Chung Eui-sun, SK Group Chairman …
A view of a Korea exhibition booth at the CES 2019, jointly established by KOTRA and the Korea Electronics Association (KEA). (Photos: KOTRA)President Kwon Pyung-oh of Korea Trade Promotion Corp.The Korea Trade Promotion Corp. (KOTRA) and the Korea E…
Dignitaries, including leaders of the Korean nuclear power community, attend a New Year greeting of those in the nuclear power industry held at Sheraton Seoul Palace Gangnam Hotel on Jan. 11. They include Minister You Young-min of the Ministry of Sci…
President Lee In-ho of Korea Trade Insurance Corp.(K-SURE) gives his speech at his inaugural ceremony held on Jan. 2 at the company’s auditorium in Seoul.President Lee In-ho of Korea Trade Insurance Corp. said K-SURE will seek out companies taking o…


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