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President Park Ki-dong, right, of the Korea Gas Safety Corp.(KGS) is on an inspection of  gas safety at a senior citizens home in Eumsong County in North Chungcheong Province. (Photo: KGS) The number of city gas-using families in Korea has surpassed 16.58 million, while the average urban gas s…
Hyundai Motor Group Chung Mong-koo. The 2017 Genesis EQ900, the G90 in the North American car market, has been selected as one of three finalists for the North American Car of the Year (NACOY) award. (Photo: Hyundai Motor Group) The Genesis brand that made its debut one year ago has established its…
Hyundai Heavy Industries Vice Chairman & CEO Kwon Oh-kap. (Photo: HHI) Hyundai Heavy Industries (HHI) has decided to split the company into six separate entities to salvage itself amidst the sagging global economy. The shipbuilding and marine plant businesses, which account for more than 80 pe…
LSIS Chairman & CEO Koo Ja-kyun (Photos: LSIS) LSIS has been selected to implement an independent microgrid project in Singapore, setting a platform to tap the Asian MG market.  LSIS has joined such global companies as GE-Alstom and Schneider to participate in a renewable energy-powered i…
A view of LSIS’s R&D campus in Anyang, Gyeonggi-do. (Photo: LSIS)To this end, the company is focusing on localizing core technologies through R&Ds and securing future growth engines to secure sustainable growth.In January 2015, LSIS dedicated an eco-friendly, intelligent building based on t…
President Lee Sang-kwon, R, of the Korea Electrical Safety Corp. and President Jang Chul-h, L, of Korea Electrical Contractors Association, hold a copy of the Memorandum of Technical Cooperation on Electrical Safety signed with the Ministry of Industry and Trade of Vietnam represented by Minister Vu…
Korea Hydro & Nuclear Power (KHNP) has been presented with the Safety Management Grand Prize at the 2016 Global Standard Management Awards ceremony at the Seoul Grand Hilton on Nov. 2. (Photo: KHNP) Korea Hydro & Nuclear Power (KHNP) was presented with the Safety Management Grand Prize at t…
Scenes from Daelim Industrial’s overseas worksites where its employees hustle to complete the various construction projects including hotels, residential houses and plants.(Photos: Daelim Industrial) Daelim Industrial Corp., a major Korean builder, said recently that its net income rose 51.3 perce…
Korea Electric Power Corp. (KEPCO) is devoting itself to realizing the goal of becoming a global power utilities company. In the latest development, KEPCO signed a letter of intent on Nov. 18 to build a smart campus at Montgomery College in Maryland, Washington DC. Attending at the signing cere…
KOMIPO President Chung Chang-kil Korea Midland Power Co. (KOMIPO) has become the first Korean power company to log no shutdowns for 6,000 consecutive days for its thermal power plant. The Boryung Thermal Power Unit 3 set a world record for no shutdowns for 6,000 days of operation at 2:56 p.m. on Se…
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Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Gov. Choe Heung-sik of the Financial Supervisory Service.(FSS)(Photo: FSS)Gov. Choe Heung-sik of the Financial Supervisory Service (FSS) stressed at his inaugural ceremony on Sept. 11 that the Financial Supervisory Service will perform its services c…
Dir.-Gen. Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport. Director-General Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport said in a recent written interview with…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see …


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