Minister Yoon Sang-jick of the Ministry of Trade, Industry and Energy.(Photo:MOTIE) A view of the LNG storage facilities owned and operated by Korea Gas Corp. in Korea.(Photo:Kogas) The Ministry of Trade, Industry and Energy has cut the price of gas by an average of 10.1 percent from March 1, …

V.Chmn. and CEO Huh Jin-soo of GS Caltex.  Vice Chairman Huh Jin-soo of GS Caltex reemphasized the new vision for the oil company declared last year, “A Companion That Creates Top Values in Energy and Chemical Sectors,” at a New Year’s ceremony held this year. What the CEO of the second la…

President Huh Soo-young of Lotte Chemical Co.  Lotte Chemical Co. plans to construct a plant for the separation of C5, a high-tech chemical material at the Yeosu Industrial Complex in South Jeolla Province, at the cost of 140 billion won. Construction is slated to be completed in 2016, the com…

Chairman Kwon Oh-joon of POSCO.  POSCO will be able to export its Finex steel production technology to China as early as next month, steel industry sources said recently. A new Chongqing Steel plant being built in China need the approval of the Chinese government to import the Korean steel mak…

KEPCO headquarters in Naju Jeollanam-do. Korea Electric Power Corp. (KEPCO) has come out with its 2015 budget plan, calling for 5.5 trillion won in spending this year, a 54 percent surge over 2014, It’s equal to a jump of 2 trillion won. The goal is to enhance the safety of electricity facilities,…

President Cho Suk of Korea Hydro and Nuclear Power Co. (KHNP) (Photo:KHNP) Korea Hydro and Nuclear Power Co. (KHNP) has been strengthening countermeasures against outside cyberspace introducers to prevent a hacking incident similar to the one that took place earlier this year when hackers stole doc…

East-West Power (EWP) President Chang Joo-ok inspects introduction of electricity into the Dangjin Coal-fired Unit 10. (Photos: EWP) East-West Power (EWP) will soon usher in a new era. Dangjin Coal-fired Units 9 and 10, now under construction in Dangjun, Chungcheongnam-do, have finished preparation…

(left) KOMIPO President Choi Pyeong-rak. KOMIPO President Choi waves his company’s flag at a ceremony to embark on the new year at the KOMIPO headquarters.(Photos:KOMIPO) Korea Midland Power Co. (KOMIPO) President Choi Pyeong-rak called for his executives and staff members not to rest on their pas…

Korea Southern Power Co. (KOSPO) President Kim Tae-woo, his executives and staff members gesture to show their determination to stick to anti-corruption and integrity at an event. (Photos:KOSPO) Korea Southern Power Co. (KOSPO) has earned a reputation as a public organization that has integrity, as…