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Industry/Energy
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…
  KHNP President Cho Seok (Photos: KHNP) Korea Hydro & Nuclear Power (KHNP) said on Oct. 5 that the company landed a $530 million (590 billion won) hydro power project in Pakistan.  The project calls for the construction of a 350MW hydro power plant 210 km northeast of the Pakis…
A view of the POSCO pavilion at the ‘4th Korea International Steel & Nonferrous Metal Industry Expo (SMK)' at KINTEX in Goyang Gyeonggi-do. (Photo: POSCO) POSCO has become the first Korean steelmaker to produce 0.8 mm-thick hot-rolled coil. POSCO said on Oct. 10 the company had succeeded in t…
Samsung Electronics Vice Chairman Lee Jay-yong Contracts for DRAM orders through the first quarter of next year are almost fully booked, officials from semiconductor makers Samsung Electronics and SK Hynix have said.  Semiconductor makers are apparently satisfied with the state of the global …
Hyundai Motor Group Chairman Chung Mong-koo puts his signature on the hood of the first car produced by the Korean automaker’s plant in Changzhou, China on Oct. 17 after attending a ceremony to dedicate the plant, its fourth one in China. (Photo: Hyundai Motor Group) Hyundai Motor Group Chairman C…
Chairman Koo Bon-moo (8th from the left) of LG Group is shoveling at the groundbreaking ceremony for LG Chem’s Poland EV Battery plant project at Wroclaw, Poland. Seen on the right of Chairman Koo is Deputy Prime Minister Mateusz Morawiecki of Poland. (Photo: LG Chem) LG Chem’s launch of an elect…
A view of the main gate of a chip plant of SK Hynix in Icheon, Gyeonggi Province.(Photos: SK Hynix) SK Hynix, which recorded sluggish performance in the first half of this year, is seeing its operating results rebound sharply in the latter half. SK Hynix is highly likely to record an "earnings surp…
A group of dignitaries led by Vice Chairman and CEO Huh Jin-soo of GS Caltex is shown here at a ceremony to kick off the construction of a biobutanol demo plant at the oil refinery’s Yeosu Oil Refinery Complex in Yeosu, South Jeolla Province on Sept. 29 this year.(Photo: GS Caltex) Korea’s second…
Doosan Heavy Industries Vice Chairman Chung Ji-taik (Photos: Doosan Heavy Industries)A map of Saudi Arabia showing where the Rabigh 2 thermal power plant is located near Jedda. (Photos: Doosan Heavy). Doosan Heavy Industries has won a combined cycle thermal power plant project worth 1 trillion won…
Korea Aerospace Industries (KAI) has been implementing mega-projects, including the Korea Fighter eXperimenta (KFX), dubbed as Korea’s biggest arms development project since the founding of the country’s Armed Forces, and the light-armed helicopter/light civil helicopter (LAH/LCH) project. …
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Economy/Finance
Mirae Asset Securities Vice Chmn. Kim Mi-seob and Heo Sun-ho. (Photo: Mirae Asset Group)Mirae Asset Securities announced on Aug. 12 that it racked up a consolidated net profit of 1,905.2 billion won in the second quarter of this year, becoming the fi…
Chairman Ham Young-joo of Hana Financial Group. (Photos: Hana Financial Group)Hana Financial Group announced on Aug. 25 that it has opened the Gwangju Seo-gu AI & Digital Job Center in Seo-gu, Jeonnam Gwangju Special City to support the enhanceme…
President & CEO Park Chang-hoon of Shinhan Card. (Photos: Shinhan Card)Shinhan Card has launched the Kakao Bank Chakbut Shinhan Card, a private label credit card (PLCC) featuring trendy, lifestyle-oriented benefits, in collaboration with Kakao Ba…
Chairman Lee Jae-keun of KB Financial Group. (Photos: KB Financial Group)KB Financial Group operated the Global Demo Day Program in Singapore for two days from Aug. 26 to 27 in collaboration with the KOSME’s K-Startup Center Singapore to support Kor…


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