KT&G, South Korea’s top tobacco maker, has carried out various corporate social responsibility (CSR) activities at home and abroad, actively practicing its management philosophy of “Go-together Company.” The company has been involved in CSR activities in Cambodia, Indonesia, Uzbekistan and Mongolia
As Lotte Chemical Corp. has decided to ramp up its Yeosu facility’s ethylene production capacity by 200,000 tons a year, the company has moved a step closer to achieve its vision of “one of global top 10 total chemical firms.”Lotte Chemical announced on December 12 that it will invest 300 billion wo
LG CNS, the IT solutions arm of LG Group and one of the Korea’s leading IT service providers in the e-Government sector, is accelerating its inroads into the overseas market along with visible results. LG CNS said on Dec. 6 that it has won a project worth 26 billion won (US$23 million) to build up
LG CNS, the system integration service affiliate of LG Group, has won a deal from Uzbekistan's Ministry of Development of Information Technologies and Communications to establish the National Educational Electric Library (NEEL).LG CNS Managing Director Park Jin-koog, right, poses with Uzbekistan Min
KT&G, South Korea’s top tobacco maker, said on September 26 that it would dispatch its employee volunteer team to Cambodia on an international volunteering mission that is scheduled to end on the 29th.The team is comprised of 22 executives and employees who were selected as those who frequently part
The 2016 Cheongju World Martial Arts Masterships, which is to begin on September 2, will be an Olympics for martial arts with 2,073 participants from 87 countries.According to the Cheongju World Martial Arts Mastership Organizing Committee on August 16, 1,351 players, 261 coaches and 461 technical e
A regular container service connecting Incheon Port directly to the Middle East has been launched for the first time, which is just in one year after the Incheon New Port opened partially in June last year.The Incheon Port Authority (IPA) announced on June 13 that the Iranian state-run shipping comp
Lotte Group, which has been focusing on domestic demand, including shopping, is rapidly expanding to B2B. Based on Lotte Chemical, which has recently emerged as a new cash cow in the group, it plans to secure an economy of scale and increase export.Lotte Chemical announced on June 7 that it has subm
A gas chemical complex dubbed Surgil project in Uzbekistan, which was passionately led by Lotte Group Chairman Shin Dong-bin, is successfully completed in 10 years after the commencement. The project, which has been pushed ahead in cooperation with Lotte Chemical and the Korea Gas Corporation (KOGAS
Korea Gas Corporation (KOGAS) announced on May 12 that its consolidated operating profits reached 894.1 billion won (US$766.15 million) in the first quarter. The figure is a record high for a quarterly operating profit since its founding.The operating profit in the first quarter grew 3.32 percent fr
CJ Group Chairman Sohn Kyung-shik met with Shavkat Tulyagavov, Deputy Minister of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan, at Lotte Hotel in Sogong-dong, Jung-gu, Seoul, on Apr. 20 to discuss ways to expand their collaborative partnership. The deputy minister
Hyundai Engineering Co. announced on Apr. 20 that it held a groundbreaking ceremony for the Kandym gas processing plant in Uzbekistan on the 19th. The total amount of the project is US$2.66 billion (3.01 trillion won) and Hyundai Engineering's portion is US$2.01 billion (about 2.28 trillion won).The
The National Geographic Information Institute (NGII) is planning to launch spatial data infrastructure (SDI) building projects in Kazakhstan, Kyrgyzstan, Uzbekistan and Mongolia. The NGII signed business agreements with these countries to this end last year and master plans for the projects are to b
The Korea Gas Corporation (KOGAS) sent back two Uzbek children suffering from heart disease on Jan. 6 after the invitation and successful operation as part of its global corporate social responsibility (CSR) activities.The two Uzbek children were chosen in Surgil, Uzbekistan, where KOGAS is currentl
Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) has declared this year as the first year for the take-off of the company. The company is looking at 500 billion won (US$416.67 million) as its target sales this year and it has decided to accelerate its overseas market invasion by d
LG CNS established LG CNS Uzbekistan in April this year. Since then, the local corporation has signed contracts worth approximately 25 billion won in the three fields of database business for individual and corporate customers, integrated platform business and IT infrastructure improvement at educat
GM Korea announced on Oct. 20 that James Kim, chief operating officer (COO) of GM Korea, will be promoted to president and CEO of the Korean unit of the U.S. auto giant in Jan. next year. Current CEO Sergio Rocha will become the company chairman. “James has an outstanding track record as a leader in
The South Korean government has developed a “Korean land management infrastructure model,” which simplifies all of the processes of land management – from land surveying to registration, valuation, usage plans, and development – into one, and will pass down the model to developing countries in the A
The Government of the Republic of Uzbekistan is holding an International Investment Forum on Nov. 5-6, 2015 in Tashkent, according to a press release from the MFA of the Republic of Uzbekistan.The main objective of the event is to present the leading enterprises of the Republic of Uzbekistan include
Lotte has thrown its hat into the New York ring to compete with other global hotels. The Korean company changed the name of the New York Palace Hotel in the center of Manhattan into Lotte New York Palace in order to start its full operations on Sept. 16 (local time). Lotte New York Palace is a landm