The Seoul West District Court issued an arrest warrant against former Vice President Ms. Cho Hyun-ah (40) of Korean Air on Dec. 30, 2014 on charges of violation of provisions of the Korean Aviation Security Law. From the Court, she proceeded to the Seoul Southern Detention House in Guro-gu.On this d

Opening its new era of leaping forward, KEPCO (President: Cho Hwan-ik) moved its headquarters in November 2014 from Seoul to Naju, an innovative city near Gwangju Metropolitan City with a population of around 90,000 in Jeollanam-do. KEPCO’s head office had been located in Samseong-dong, Seoul for 28

Korea Hydro & Nuclear Power Co., Ltd. (KHNP) and Uljin County have signed a long-delayed agreement on the building of two more nuclear reactors at the East Coast county. The signing was made between KHNP President and CEO Cho Seok and Uljin County Mayor Im Kwang-won at the county office on November

Hanwha Life Insurance, Korea’s oldest life insurer, has launched a new life insurance program, called “The Warmhearted & Free Pension Insurance,” which provides greater flexibility in terms of premium payments. ▲Hanwha Life launches 'Warm-hearted & Free pension Insurance." The company recently won e

- Will further improve production quality management capabilities to top, global standards -Oriental Brewery Company (OBC) plans to invest some 120 billion won (US$116 million) to newly expand its quality and technology capacities. Safety and environment upgrades will be implemented to its plants lo

The Hyundai Shell World Rally Team, run by Hyundai Motorsport from its factory in Alzenau, Germany, won its maiden title at the FIA Germany World Rally Championship(WRC) on August 24, 2014, with Thierry Neuville leading team Neuville, driving a Hyundaii20, finished 40 seconds ahead of Spanish teamma

Hanwha Engineering & Construction (Hanwha E&C), a global leading construction company based in Korea, successfully completed on May 30 the project of constructing the Philippine Arena, the world’s largest domed performance and exhibition complex in the Philippines near Manila. With a total floor spa

A consortium led by SK E&C, a world-level construction company in Korea, began digging the Eurasia Undersea Tunnel in Turkey as the first project of building an undersea tunnel linking Asia and Europe. The company held the ceremony of boring the duplex-type undersea tunnel that passes through the Bo

Hyundai Motor has come out with a spectacular concept dealership dubbed as Hyundai Motorstudio” in its home market as part of its ongoing aggressive sales promotion efforts here and overseas .Hyundai Motorstudio which has just been opened in Gangnam, south of the Han River, features a series of newl

Since its inception in 1967, Korea Agro-Fisheries & Food Trade Corporation (aT) has been striving to establish a foundation for advancement of agricultural product industry and promote export of agricultural and fishery products over past decades by means of stabilizing prices, foreign trade promoti

Gwangyang Port, with a water area of 145.19㎦ and a total of 84 berths, is capable of a port traffic of 60,000 vessels, such as container vessels, oil tankers, chemical ships, and LNG carriers, and handles over 240 million tons annually.On top of that, Gwangyang Bay Area Free Economic Zone (GFEZ) is

Renewable energy industry organizations in Korea successfully held the International Green Energy Expo & Conference 2014, the largest renewable energy industry event in Korea, on April 2-4 at the EXCO in Daegu co-hosted by the Daegu Metropolitan City and Gyeongsangbuk-do provincial governments. Co-o

On March 4, 2014, Korea Electric Power Corporation (KEPCO) had the dedication ceremony of a 433MW gas-fired combined cycle power plant in Chihuahua, Mexico in its first power plant project in Latin America. KEPCO has built the Norte II gas-fired combined cycle power plant in a consortium with Samsun

Hyundai Motor Co., South Korea's largest carmaker, made official presentation of its Intrado fuel-cell concept vehicle that showcases the brand's new design language and technology that found its way into production vehicles down the line at the Geneva Motor Show that opened on March 8. 2014 in Swit

Kang Duk-young, chairman and CEO of Korea United Pharm (KUP), has been selected as a world leader in biographical publishing for 2014 edition to join the ranks of 2000 Outstanding Intellectuals of the 21st Century as selected by The International Biographical Centre (IBC) of Cambridge, England, a wo

Founded in 1947, Hyundai E&C has grown as the global top engineering and construction company, achieving enviable track records over the past 66 years. The company has been concentrating efforts on developing new technologies and human resources with diversified technical expertise, focusing on cons

Kwon Seon-joo, chairwoman and CEO of Industrial Bank of Korea, stressed that IBK will remain dedicated to promotion of technology-intensive small and medium-sized enterprises. She revealed that the Bank aims to grow into one of the world’s 100 top banks by 2016 when her tenure is set to expire.As pa

Ssangyong Engineering & Construction Co., Ltd., which was placed under court protection in late December after its creditors decided not to extend their financial support, appears to be returning to normal swiftly. According to financial industry sources, Ssangyong’s creditors have conducted credit

All the management and staff members of the state-run Korea Water Resources Corp. were shunned by the people last year as the country’s major rivers turned murky green in summer and the company was named as one of most heavily-indebted government-owned corporations months later. ▲K-Water, which has

•By entering producing area of ethane gas directly, securing strong cost competitiveness •Costs are reduced greatly due to the geographic proximity of the ethane gas production at local siteHanwha Chemical (CEO, Han-Hong Bang) is the first Korean company to enter Iraq’s petrochemistry indu