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President Yang Soo-yeong of Korea National Oil Corp. (KNOC) gives a gesture of solidarity along with Ulsan Mayor Song Chul-ho, President Yoon Byung-seok of SK Gas, and President Moon Byung-chan of KET as he made an inspection tour to a site of constructing a Northeast Asia oil hub on Feb. 2. Preside…
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EV IONIQ 5, the first model under the EV exclusive brand IONIQ, which was unveiled bY Hyundai Motor on Feb. 23. (Photos: Hyundai Motor)Hyundai Motor unveiled the EV IONIQ 5, the first model under the EV brand IONIQ, worldwide on Feb. 23. The IONIQ 5 is the first model made with Hyundai Motor’s excl…
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Officials with Hyundai Steel’s Dangjin Steelworks look into a gauge of reducing air pollutant emissions. (Photos: Hyundai Steel).Hyundai Steel has succeeded in securing a technology to purify and emit harmful gases occurring during the routine maintenance of a furnace. Steelworks around the world h…
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Lotte Chemical President & CEO Kim Gyo-hyun. (Photos: Lotte Chemical)Lotte Chemical will plunk down on about 500 billion won on the safety and environment sectors in the next three years. Even if they do well from a financial perspective, worksites found to have major industrial disasters will b…
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CEO Hussain Al-Qahtani of S-Oil. S-Oil will acquire a stake in FCI, a fuel cell company, to enter the hydrogen business. S-Oil struck a contract to invest in FCI, a fuel cell energy solution provider, the refinery company said on March 7. S-Oil’s initial investment of acquiring a 20 percent stake i…
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A first prototype of the country's first homegrown fighter jet, KF-X is being assembled at a production line of Korea Aerospace Industries (KAI) in Sacheon, Gyeongsangnam-do. (Photos: KAI)CEO Ahn Hyun-ho of Korea Aerospace Industries (KAI).A prototype of the country’s first homegrown fighter jet wi…
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President Kim Jong-kap of Korea Electric Power Corp. (KEPCO). (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) originated via its predecessor Hansung Electric Co. back in 1988. Hansung was set up 11 years after Gyeongbok Palace turned its lights on for the first time. KEPCO has endured many twists …
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KOWEPO’s Taean integrated coal gasification combined cycle facility achieved a world record for accident-free operation set at 3,993 hours on Jan. 28.President Kim Byeong-sook of Korea Western Power(KOWEPO). (Photos: KOWEPO)Korea Western Power Co. (KOWEPO) saw its integrated coal gasification combi…
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President Park Sung-chul of KEPCO KDN.KEPCO KDN signed an MOU with Angkasa Pura I to build photovoltaic power-based clean energy systems at three Indonesian airports. The deal is part of KEPCO KDN’s efforts to expand the renewable energy business in Indonesia.Lee Chang-yeol, head of KEPCO KDN’s ov…
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President Hwang Chang-hwa of Korea District Heating Corp. (KDHC) (Photos: KDHC)Korea District Heating Corp. (KDHC) is firing on all cylinders to implement the ‘Green New Deal.” KDHC declared a shift to being an “Integrated Green New Deal Platform” provider last August. It has since been actualiz…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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