The Korea Hydro & Nuclear Power (KHNP), which supplies approximately 40% of the electricity consumed in Korea through nuclear, hydroelectric and pumping-up power generation, is increasing its investment in new and renewable energy for sustainable future growth. Back in December 2007, the 13th Unite

The event to mark the National Day of Equatorial Guinea was held in the 2012 Yeosu Expo on June 16. The event was attended by executives and staff of Ssangyong E & C (Chairman: Kim Seok-joon) and 200 family members, including vice president Kim Seung-joon of the International Business Division. Ssan

Korea Electric Power Corporation Nuclear Fuel (KEPCO NF Co. Ltd.) CEO Kim Ki-hak announced during first staff meeting of the New Year of an opening of 2nd Nuclear Fuel Business and asked for entire staff to pledge in accomplishing the vision.CEO Kim through his company's New Year Opening Address emp

For Korea National Oil Corporation or KNOC (CEO Kang Young-won), this year marks the final year for the 5 year plan “Great KNOC3020” and the first year for “Post 3020” vision. KNOC has been propelling towards self-sufficiency rate of 20% and is about to reach the target with the Great KNOC 3020 com

Chairman of SK Group, Choi Tae-won, paid a site visit to promote SK's future technology development for green business. SK Innovation said that Chairman Choi visited SK Innovation Global Technology in Deajeon City February 8-9 with SK Innovation chief executive officer Gu Ja-young and SK Energy chie

LG Chem is planning to take control of the electrical car battery (Lithium ion secondary cell) industry. The company is also planning to earn approximately 900 billion won this year, after seeing sales of 300 billion won in the second half of last year. LG Chem is striving to expand its already exte

On December 9 2011, LG Chem filed a patent infringement lawsuit against SK Innovation, claiming that the oil company had infringed patented technology relating to a secondary battery for electric vehicles. A source from LG Chem argued, “After SK Innovation stole LG Chem’s battery technology, the com

The Korea Electric Power Corporation KPS, or KEPCO KPS (CEO: Tae Sung-eun) provides quality services at class power generation facilities and industrial facilities in the parent company, hydrothermal power plants, nuclear power plants, power transmission converter stations, and special-purpose esta

Kim Jong-shin, chairman of the organizing committee and CEO of Korea Hydro & Nuclear Power, recently remarked that the 2012 Seoul Nuclear Industry Summit would be focusing on the role of the atomic power industry in regards to the enhancement of nuclear safety and security. “This year’s conference

The issue of nuclear security enhancement has come to the fore since the September 11 attack that increased the possibility of terrorist groups misusing nuclear materials to a realistic level. In his Prague Manifesto in 2009, US President Barack Obama declared nuclear terrorism as the biggest threa

42.1% of Korean CEOs talked about “belt-tightening” when asked about their management plans for 2012 in a survey conducted by Korean Employers Federation (KEF) on CEOs of 252 major Korean companies. This clearly shows the atmosphere of Korean businesses greeting the New Year. That 4 out of 10 CEOs

The Korea National Oil Corporation (KNOC, CEO Kang Yeong-won) has taken over three production and exploration assets from American companies in tandem with Samsung C&T and STX Energy. The combined reserves add up to 80 million barrels. With the acquisitions costing US$973 million in total, Korea has

SK Engineering & Construction (SK E&C) announced that it held an inauguration ceremony for the remodeled Myoung Ryun Orphanage in Chunggye-dong, Euiwang City, Gyunggi Province on November 29. SK E&C changed the decrepit orphanage into a state-of-the-art energy saving building through remodeling cons

The 10 major corporate groups of Korea showed declining profit figures in Q3, with the European fiscal crisis affecting the real economy and the exchange rates rising rapidly. According to an electronic disclosure by the Financial Supervisory Service on November 21, as well as financial data service

On December 12, a ceremony was held to mark South Korea’s achievement of surpassing one trillion dollars in trade volume, making it the world’s ninth largest trader. In his speech at the ceremony, South Korean President Lee Myung-bak said, “On December 5th, South Korea’s trade volume exceeded the o

According to the KAMA (Korea Automobile Manufacturers Associa-tion), the production of local automobiles reached 374,014 units in September 2011, a 10.3% rise from the same month last year. Automobile production for the first nine months of 2011 stood at 3,388,833 units, a 9.4% increase year-on-year

The KCSC (Korea Cadastral Survey Corpora-tion) was founded to survey land on behalf of the Korean government in 1930. These days, KCSC is turning its business structure from a labor-intensive, low-value-added one to a technology-intensive, high-value-added one. The company celebrates its 82nd annive

LG Display, for the first time in the LCD industry, won the top spot for three consecutive years in six of the industrial segments. The six refer to the production, sales, size of large-size (9.1 inch+) LCD panels and the market shares of TV-, monitor- and laptop PC-use panel products.According to t

KOWEPO (Korea Western Power) agreed to take part in building a combined heat and power plant in Russia at the 11th Meeting of the Korea-Russia Joint Commission on Economic, Sci-entific and Technological Cooperation.Korea and Russia signed a memorandum of understanding (MOU) at the 10th Anniversary I

With the ultimate purpose of increasing energy efficiency, smart grid is one of the most typical convergence sectors currently revolving around the power industry since it combines various fields of technology. However, the history of the industry in Korea is not that long. According to the iation