President Huh Soo-young of Honam Petrochemical Corp., an affiliate of Lotte Group, said the expansion of the naptha cracking center (NCC) will be completed soon and will go online with the company’s own technologies, which is a very significant milestone in the company’s history.Honam Petrochemica…

The Korean display industry aims at raising display exports from $35 billion in 2012 to $50 billion in 2015 and getting a jumpstart in the global next-generation display market. These are contained in “Vision 2015,” which the Korean display industry unveiled at a ceremony to celebrate the thi…

Dongwon Industries Co., the mother company of the Dongwon Group, which launched its deep-sea fishing business as its main concern back in 1969, won the 2012 Customer Satisfaction Management Grand Award.Since its founding, the company set up a deep-sea fleet in 1979 to catch salmon and in 1982 the co…

President Kim Keun-ho of the Korea Water Resources Corp. (K-water) said the control of rivers has become crucial these days with huge floods and dry spells causing the prices of crops around the world to get out of hand. The CEO said Korea’s Four Rivers Restoration Project has been drawing glo…

Toray Advanced Materials is poised to mass produce carbon fiber at its first plant in Gyeongsangbuk-do starting next January. The company plans to launch a project to build its second carbon fiber plant this month.“We’ll cut the production cost of carbon fiber to half the current cost, and if we h…

Chairman Chung Joon-yang of POSCO was elected vice chairman of the World Steel Association at the association’s annual conference in New Delhi, India, from Oct.8-12, POSCO said recently.The POSCO chairman will serve as vice chairman for three years from Oct. 2012 to Oct. 2015 and a member of the ch…

Korea National Oil Corp. has focused on the exploration of non-traditional energy resources that can be extricated from large boulders and sands such as shale oil, shale gas, and super heavy oil to replace traditional fossil fuels, the state-run oil company said recently.The cost for the exploration…

Korea National Oil Corp. has focused on the exploration of non-traditional energy resources that can be extricated from large boulders and sands such as shale oil, shale gas, and super heavy oil to replace traditional fossil fuels, the state-run oil company said recently.The cost for the exploration…

Korea Electrical Safety Corp. (KESCO) recently began to use its “non-suspension” power meter checking system to reduce economic losses from power suspension when checking power meters.Such major industries as petrochemical, steel, and semiconductor could incur huge losses if power is switched off …