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The Korea Federation of Textile Industries (KOFOTI) hosted the 10th Textile and Fashion Industry CEO Forum on May 30 and June 1 at the Lotte Hotel on Jeju Island in an effort to promote cooperation among different streams, and information exchange, cooperation, and support in other areas in the indu…
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LSIS has built the country’s first exclusive green car key-component electric vehicle (EV) relay plant, taking its first step towards becoming a global green car solution provider.On May 15, LSIS held a ceremony to celebrate the completion of the EV relay plant at its Cheongju Workplace No. 1. In a…
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POSCO and General Electric signed an MOU on cooperation in five areas of industry on May 31 at the Grand Hyatt Hotel in Seoul, the steel giant announced on June 1.The comprehensive agreement covers cooperation in the areas of power generation both in Korea and abroad; the development of steel produc…
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Hyundai Hysco President Shin Seong-jae was awarded the Order of Industrial Service Merit, Silver Tower, in recognition for normalizing the troubled Hanbo Steel that Hyundai Hysco acquired and for building infrastructure to produce 2 million tons of steel products per year in a short period of time.&…
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The 19th Korea Gas Safety Grand Award Ceremony took place at the 63 City in Yeouido, Seoul, on May 24, during which 46 people were presented with various awards for their contributions to the safety of gas in the presence of some 500 dignitaries and related industry executives. Those on hand include…
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The 19th Korea Gas Safety Grand Award Ceremony took place at the 63 City in Yeouido, Seoul, on May 24, during which 46 people were presented with various awards for their contributions to the safety of gas in the presence of some 500 dignitaries and related industry executives. Those on hand include…
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An international team of nuclear safety experts, led by the International Atomic Energy Agency (IAEA) has finished a review of safety practices at the Kori Nuclear Power Plant (NPP) near Busan on June 11 following a station blackout event on Feb. 9.The team, which consisted of experts from Belgium, …
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New Korea Hydro & Nuclear Power Co. (KHNP) President & CEO Kim Kyun-seop delivered his inaugural speech in which he urged his staff to restore confidence and pursue innovation on June 11. Kim said, “We’ll have to conduct an overall review of safety operations and crisis management man…
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About 200 electricity experts and industry officials from Korea and abroad attended the Seoul International Conference on the Electricity Market 2012 (SICEM 2012) at COEX InterContinental Hotel in southern Seoul on June 13.Some 20 foreign experts from the United States, France, Singapore, India, and…
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Dr. Lee Taeyong, president of the Korea Institute of Design Promotion (KIDP) said, “We plan to establish a long-term roadmap, for Korean SMEs to ramp up their capabilities and make a quantum leap through design innovation.” “Design, a key to improving SMEs’ competitiveness, give a hig…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group surpassed annual net profit of 5 trillion won in 2024, as its non-banking affiliates led the way in improving performance amid KB Kookmin Bank’s stagnant bu…
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Chairman Jin Ok-dong of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group posted a net profit of 4,571.5 billion won in 2024, an increase of 3.4 percent from the previous year. Shinhan Bank, in particular, is expec…
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Joo Hyung-hwan, vice chairman of the National Committee for Low Birthrate and Aging Society poses for a photo with KB Kookmin Bank officials in a work-life balance meeting on Feb. 25. (Photo: KB Kookmin Bank)KB Kookmin Bank is practicing win-win fina…
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IBK signs a business agreement with Germany's Commerzbank AG to support small and medium-sized enterprises. Kim Sung-tae, president of IBK poses for a photo with Michael Kotzbauer, vice chairman of Commerzbank AG. (Photo: IBK)IBK announced on March 7…
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