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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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A poster to publicize a national briefing session on the three mega projects “for Korea’s Great Leap Forward” at the State Guest House of the Cheong Wa Dae on June 29. (Photo on the courtesy of the Office of the President)The Korean government wil…
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Min Hyung-bae, mayor of Jeonnam-Gwangju Special Metropolitan City, takes the oath of office at Main Assembly Hall of the City Council in Muan on July 1. (Photo: Jeonnam-Gwangju Special Metropolitan City)Min Hyung-bae, went down in history as the firs…
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Gyeongju Mayor Joo Nak-young explains the direction of city administration, including growth strategies to lead the future of Gyeongju and a vision for the next four years, in a meeting with reporters at Alcheon Hall in Gyeongju City Hall on July 15.…
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Seoul Mayor Oh Se-hoon delivers his inaugural address during the 40th Seoul Mayor’s inauguration ceremony at Seoul City Hall on July 1.On the first day of his fifth term in office, Seoul Mayor Oh Se-hoon again brought up ‘youth’ as the key keyword…
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