News
Korea finished fifth in the Vancouver Winter Olympics in February, with 14 medals. We hope the great performances of the Korean athletes will help Pyeongchang, Korea be selected as the venue for the 2018 Winter Olympic Games.
The Lee Myung-bak government recently marked the second anniversary of its advancement of government-run companies. Therefore, we have prepared stories regarding their progress in this month's edition. The government appears satisfied with the process and vows to complete the initiative on schedule despite the fierce resistance of some employees of government-run companies. This month's edition also looks at the recent performances and business activities of Incheon International Airport (IIAC), Korea Gas Corporation (KOGAS), Jedju Free International City Development Center (JDC), Korea Expressway Corp. and Korea National Oil Corporation (KNOC), all of which are operating as excellent government-run companies.
Our Focus Section dealt with news regarding the financial and humanitarian aid earthquake-ravaged Haiti is receiving from Korea. Meanwhile, our Economy and Financial Section carries stories on overseas properties purchased by Koreans, the earnings of banks and the proposed poison pill system which is designed to protect against hostile foreign M&A bids.
In our Company Section, we have included stories regarding Samsung Electronics becoming the world's largest electronics company, as well as the latest Hyundai Motor and Kia Motors models unveiled at the Geneva Motor Show. In addition, we also look at how POSCO has begun building a processing center in Alabama in order to enhance its sales capabilities, as well as the joint venture between HanmiParsons, a leading provider of construction management in Korea, and Turner & Townsend, a global construction and management consultancy. Furthermore, there are stories looking at Korea Power Engineering Co. (KOPEC), Samyang Group, LS Cable, STX, Korea East-West Power Co. (EWP), the 2010 IASP Daedeok, Hannover Messe 2010, foreign investment into Pohang City and the Korea Atomic Energy Institute (KAERI).
LED TVs are emerging as the next hot ticket for TV manufacturers around the world, with the two frontrunners, Samsung and LG, both putting innovation into practice. Experts predict the LED TV market to have huge growth potential, making this story an essential read.
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We look forward to seeing you again in April.