Hanwha Ocean, US Senator discuss US Navy MRO

South Korea's Hanwha Ocean Co. said on Tuesday that it discussed various aspects of the US Navy ship projects with key figures from the US Senate Co...

NPS corp governance committee taps SNU professor as member

A corporate governance committee of South Korea’s National Pension Service (NPS), the world's third-largest pension fund, has named a Seoul Na...

SK Group reintroduces Saturday CEO meeting after 20 years

South Korea’s energy-to-telecom conglomerate SK Group has decided to reintroduce Saturday gatherings of its subsidiaries' chief executives aft...

BOK governor named chair of BIS financial system committee

Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...

Korean language demand creates new overseas markets for startups

South Korean language startups are expanding their business in overseas markets with their local tongue through generative artificial intelligence, ...

S.Korean academics to verify truth of room-temperature superconductor

The Korean Society of Superconductivity and Cryogenics has recently established a verification committee composed of experts in response to the ongo...

First S.Korean elected chairman of global shipbuilding committee

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Tuesday that their technical advisor, Shin Jong Gye, has been elected as the...

S.Korea-Iraq Joint Committee resumes operations after six years

A joint committee between South Korea and Iraq will be held again after a six-year hiatus.The government plans to help Korean companies win large pr...

NPS to launch committee for portfolio firms' governance improvement

South Korea’s National Pension Service (NPS), one of the world’s largest pension funds, is slated to establish a committee to improve th...

S.Korea's LG Uplus opens children-specialized metaverse Kidstopia

LG Uplus Corp. announced on Thursday that it will be launching an open beta service of its metaverse "Kidstopia" at the end of this month. The servi...

Kumho Tire establishes ESG committee under its board of directors

Kumho Tire Co. is intensifying its sustainable management efforts by establishing an environmental, social and governance (ESG) committee directly u...

Korea Shinhan Financial taps banking unit head as group CEO

Shinhan Financial Group appointed the head of its flagship banking unit as the group’s next chief executive officer as the major South Korean ...

S.Korea prepares to launch $7.6 bn stock market stabilization fund

South Korea last week completed the process needed to launch a stock market stabilization fund of 10.76 trillion won ($7.6 billion). The timing for ...

Korea to complete process for stock market fund in mid-Oct

South Korea is set to complete the process for a stock market stabilization fund of 10 trillion won ($7 billion) by the middle of this month, to be ...

Korean PM Han says EV tax credits may violate FTA rules

The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...

S.Korea to raise nuclear power to one third of energy supply

South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...

SK Discovery to control affiliates’ entire biotechnology business

SK Discovery Co., an intermediate holding company of South Korea’s third-largest conglomerate SK Group, will take charge of the entire biotech...

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

Yoon administration to launch strategic committee for semiconductors

President-elect Yoon Suk-yeol’s transition team announced Thursday it is considering a joint public-private committee that will be in charge o...

3D tech firm Koh Young wins highest ESG rating two years running

Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...

LG strengthens ESG push with committee set-up

LG will create ESG (environment, social and corporate governance) Committee and Internal Trading Committee within the holding company and key affili...

Samsung heir sentenced to 2.5 years in jail for bribery

Samsung Electronics Co. Vice Chairman and de-facto leader Jay Y. Lee was on Jan. 18 sentenced to two and a half years in prison on bribery and embez...

KIC completes senior officials reshuffle with 2 steering committee member picks

(Updated on July 12, 2016 to clarify a previous business title of Chun-woong Park, a new steering committee member, as the head of the Korean arm of E...

Korea funds seek investment experts from outside; CIOs chair review committees

The Public Officials Benefit Association (POBA) has replaced the head of its investment review committee recently with the Chief Investment Officer Do...