Former Korea Electronics Technology Institute (KETI) President Choi Pyeong-rak took helm at the Korea Midland Power Co. (KOMIPO) as the sixth president at the KOMIPO head office on July 16.He delivered his inaugural speech in which he declared his new catchphrase, “Korea’ s Power Plant of Happines…

Korea South-East Power Co. (KOSEP) has an intrapreneurship program in place as part of its efforts to innovate management with the goal of tapping staff members’ capacities.KOSEP has become the first Korean power company to implement intrapreneurship in which each team, department, and site office …

The Ministry of Knowledge Economy (MKE) approved a plan to raise electricity charges an average of 4.9 percent effective Aug. 6.The announcement of the rise in electricity charges came shortly after the board of directors of Korea Electric Power Corp. (KEPCO) on Aug. 3 agreed to do so, with addition…

Samsung Electronics and Apple have not yet reached an out-of-court settlement during their second round of closed negotiations in the ongoing patent war between the global smart phone and tablet juggernauts. Samsung CEO Choi Gee-sung, now chief of Samsung Group Future Strategy Office, accompani…

Korea National Oil Corp. has declared its new corporate identity (CI) on July 2, which the oil company said signifies a K as in Korea, mixed with ancient patterns drawn from the ancient philosophy of Taeguk, to become the symbol of Korea and emboldens KNOC’s identity as a state-run company, while a…

Korea Western Power Co. (KOWEPO) strives to make its mark by successfully undertaking the 388MW gas-based combined cycle power plant project in the MIDC Industrial Complex in Vile Bhagad, Maharashtra, India. The $270 million project calls for building the combined cycle power plant and operatin…

orea Electric Power Corp. (KEPCO) proposed that electricity charges should be raised by 10.7 percent to recoup a loss the Korean utility company will suffer during the current business year due to the gap between electricity production costs and charges.KEPCO held a board of directors meeting on Jul…

Chairman Ro Hee-chan of the Korea Federation of Textile Industries (KOFOTI) won the Industrial Merit Gold Medal at a ceremony for the 39th Commerce Day on March 21 for his contributions to the development of textile and fashion industries in Korea during his long career.The chairman, whose career in…

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…