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President Nam Sang-tae of Daewoo Shipbuilding and Offshore Co. said recently that the shipyard signed a contract worth $1.1 billion to build three submarines weighing 1,400 tons each for an Indonesian owner, the largest order ever for the defense industry in Korea. He said the project is a shot in t…
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GS Caltex Chairman Hur Dong-soo said it is too early to talk about GS Energy's initial public offering because the new energy affiliate of the GS Group launched in January still has a long way to go to be a full-fledged energy company.The energy firm will take charge of new and recycled energy, repl…
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"I will do my best to make Hynix a great success," proclaimed Chairman Chey Tae-won in his inaugural speech as new chair-man of Hynix Semiconductor Co., which his business group took over recently, and following his selection as the top executive by the chipmaker's board on Feb. 14.At the Seoul offi…
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An A320 passenger plane of Airbus is shown taking off. Korea Aerospace Industries(KAI) won a bid to supply the wing bottom panels for some 500 A320 planes worth $600 million on Jan. 24 until 2025, the largest single contract to supply airplane parts won by KAI so far in its history.Korea…
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KOSEP President Jang Do-soo is flanked by KEPCO KPS President Tae Sung-eun and PTC Energy Chairman T. N. Thakur as they sign an MOU on the joint exploration of the Indian coal-fired power market at the KEPCO KPS headquarters on Jan. 10.A consortium led by Korea South-East Power Co. (KOSEP) wil…
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With 47 KNOC unit heads from 17 overseas units in 14 countries attending, the two-day meeting led by President Kang Young-won took up issues faced by each unit and issues facing the company as a whole that require immediate attention, especially those related to pushing the "Great KNOC 3020," such a…
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Minister of Knowledge Economy Hong Suk-wooA mong roughly 250 people on hand at the gathering were Minister of Knowledge Economy Hong Suk-woo,; GS Caltex Chairman Hur Dong-soo,; SK Innovation President Koo Ja-young,; S-Oil CEO Ahmed Subey,; Daesung Group Chairman Kim Young-hoon,; Korea Petroleum Asso…
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Our magazine's March issue will carry a special report on the 2012 Seoul Nuclear Security Summit, to be held in Seoul from March 26-27. The 2012 Seoul Nuclear Security Summit will coincide with 2012 Seoul Nuclear Industry Summit, to be held in the Grand Intercontinental Hotel in Seoul from March 23-…
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President Kang Young-won of Korean National Oil Corp.With 47 KNOC unit heads from 17 overseas units in 14 countries attending, the two-day meeting led by President Kang Young-won took up issues faced by each unit and issues facing the company as a whole that require immediate attention, especially t…
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KEPCO President Kim Joong-kyum holds a contract to acquire a 14 percent stake in Strathmore Minerals Corp. with Strathmore CEO David Miller in Seoul on Feb. 1. Korea Electric Power Corp. (KEPCO) said on Jan. 31 it landed an $800 million project to build a 600MW diesel power plant in Jordan, the…
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group recorded a net profit of 1.1324 trillion won in the third quarter, a 2.1% decrease from the same period of 2024. Its cumulative net profit for the …
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President Jung Sang-hyuk of Shinhan Bank. (Photos: Shinhan Bank)Shinhan Bank announced on Nov. 3 that it will pilot its AI Moli Bank Service. AI Moli Bank is a digital bank branch powered by the core technologies and operational know-how of Shin…
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Chairman Yang Jong-hee of KB Financial Group. (Photos: KB Financial Group)KB Financial Group announced its Q3 2025 business results on Oct. 30. Despite declining interest rates, KB Financial Group’s third-quarter net income reached 1.686 trilli…
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NongHyup Financial Group holds the “Love Kimchi Sharing” Event in Wangdaechu Village, Hongcheon-gun of Gangwon Province with the participation of NongHyup Chairman Lee Chan-woo, employees and villagers on Nov. 11. (Photo: NongHyup Financial Group)N…
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