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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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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President Yoon Jong-geun of Korea Southern Power Co. (KOSPO) other executives and staff members vow to achieve the”New/Renewal 3030 Target” a workshop at the Ibis Ambassador Hotel in Busan on July 31. (Photo: KOSPO)
Korea Southern Power Co. (KOSPO) held a workshop designed to overhaul a sys…
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Samsung Electronics Vice Chairman Kwon Oh-hyun.A 1 terabit (Tb) 3D V-NAND flash memory, developed by Samsung Electronics for the first time in the world.
Samsung Electronics has ushered in an era of 1 terabit (Tb) 3D V-NAND flash memory for the first time in the world. The new flash memory is simil…
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Shinhan Financial Group holds its 2025 Second Half Management Forum with Jin Ok-dong, Chairman of Shinhan Financial Group, presideding over the forum at Shinhan Bank's Blue Campus in Yongin, Gyeonggi-do, on July 1. (Photo : Shinhan Financial Group)Sh…
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Chairman Yang Jong-hee presides over the 2025 Second Half KB Financial Group Management Workshop on July 11-12. (Photo: KB Financial Group)KB Financial Group announced its first half 2025 business results via live internet and mobile broadcast on Jul…
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Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group reported consolidated net income of 2.301 trillion won for the first half of 2025, including 1.1733 trillion won for the second quarter of 2025.This re…
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President Kang Tae-young of NongHyup Bank. (Photos: NongHyup Bank)NongHyup Bank began operating a generative AI platform on July 4, which will be applied across its entire business process, the bank announced on July 7.The platform is NongHyup Bank’…
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