[Power Korea] Ottogi, where taste meets health

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 17th part of the Global Brand series. ― Ed.Ottogi is one of the best-known food brands in Korea. Its roots go back as fa

IndustrySept. 10, 2013

[Power Korea] Industrial plant exports emerge as new growth engine

The Korea Herald is publishing a series of articles on infrastructure as part of its second installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This series features the development and global competitiveness of Korea’s infrastructure. The special articles were made in cooperation with the Ministry of Land, Infrastructure and Transport. This is the seventh and last

IndustryJuly 29, 2013

[Power Korea] New city development scheme spurs urbanization, concentration in capital area

For the past six decades, Korea has experienced rapid industrialization, and with it, rapid urban growth. As the nation’s core industries quickly evolved from the primary sectors to manufacturing and services between the 1960s and 1990s, the urban population grew rapidly. Ninety-one percent of the population lived in cities in 2010, compared to 50 percent in 1970, according to Hyundai Research Institute. In the course of urbanization, population and income per capita have grown as well, spurring

July 15, 2013

[Power Korea] KEB, living witness to ‘Miracle of Hangang River’

Tracking the history of Korea Exchange Bank is much like scavenging through Korea’s modern economic history following the 1950-1953 Korean War. Established in 1967, KEB has contributed to the nation’s banking industry as one of the oldest banks. The bank, well known for its specialized foreign exchange marketing and corporate banking, started its second takeoff in 2012 after it was acquired by Hana Financial Group to become a sister bank of Hana Bank. Entering the 1960s, the Korean government wa

BusinessJuly 11, 2013

[Power Korea] Hana Financial Group eyes emerging markets

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 16th part of the Global Brand series. ― Ed.In 1998, Hana Bank ranked 578th among the world’s 1,000 largest banks by core

July 11, 2013

[Power Korea] Korea seeks to reform railway system for sustainable growth

The Korea Herald is publishing a series of articles on infrastructure as part of its second installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This series features the development and global competitiveness of Korea’s infrastructure. The special articles were made in cooperation with the Ministry of Land, Infrastructure and Transport. This is the 5th part of the i

July 1, 2013

[Power Korea] Incheon Airport seeks next big leap

Incheon International Airport was named again this year the “world’s best airport” by the Airports Council International ― for the eighth time in a row. Since the non-profit association of some 1,700 global airport operators started announcing the top honor back in 1993, the Korean airport is the only one that has enjoyed such success. Despite the growing presence of Asian rivals such as Singapore and China, Incheon outperformed them again in service quality, which is evaluated by users all thro

IndustryJune 17, 2013

[Power Korea] Korea aims to export airport infrastructure

Hope that a Korean consortium, led by the Incheon International Airport Corp., could win the first deal to build an international airport overseas this month is rising as the government is developing a package of programs to support the deal.Backed up by its global brand power, the IIAC partially exported its know-how to Russia, the Philippines, Nepal, Cambodia and Indonesia, but has not yet exported a full package deal, which includes construction of an airport, terminals and operational system

June 17, 2013

[Power Korea] Stable water supply: Lifeblood of economic growth

Water is one of the essential resources for the economic growth of a country. It contributes to food production, industry supply and the health and welfare of the people.This is why Korea has continuously invested in water-related infrastructure, including multipurpose dams and water treatment systems, since the beginning stages of the nation’s economic development in the 1960s.  Water resource development history in Korea The primary objective of the development of water resources, therefore, i

June 3, 2013

[Power Korea] LG CNS provides smart transport solutions

In July 2004, the Seoul Metropolitan Government introduced an integrated public transport payment system, called T-Money, for the first time in Korea. The system, operated by LG CNS, an affiliate of LG Group, allows citizens to travel with a T-Money card, which can be used to pay fares for public transport, including buses, subways and urban railways. The T-Money card provides convenience to its users by charging a differentiated fare based on the distance they travel and offering transfer disco

May 20, 2013

[Power Korea] Roads ― the arteries of development

The Korea Herald is publishing a series of articles on infrastructure as part of its second installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This series features the development and global competitiveness of Korea’s infrastructure. The special articles were made in cooperation with the Ministry of Land, Infrastructure and Transport. This is the second part of th

May 20, 2013

[Power Korea] Strategic infrastructure development behind Korea’s economic success

The Korea Herald is publishing a series of articles on infrastructure as part of its second installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This series features the development and global competitiveness of Korea’s infrastructure. The special articles were made in cooperation with the Ministry of Land, Infrastructure and Transport. This is the first part of the

May 6, 2013

[Power Korea] Hyosung seeks global supremacy in core businesses

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 15th part of the Global Brand series. ― Ed.Hyosung Group, the nation’s 26th-largest conglomerate by assets in 2012, has

IndustryApril 15, 2013

[Power Korea] Asiana Airlines unrivaled in service quality

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 14th part of the Global Brand series. ― Ed.Asiana Airlines has a relatively short history of 25 years compared to its ar

IndustryApril 8, 2013

[Power Korea] KT leaps beyond telecommunications

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 13th part of the Global Brand series. ― Ed.It is nothing new that the telecommunications industry is already a much satu

IndustryApril 1, 2013

[Power Korea] World is too small for GS Home Shopping

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 12th part of the Global Brand series. ― Ed.In every Korean industry, there seems to be a “Psy” possessing the star power

IndustryMarch 25, 2013

[Power Korea] AmorePacific: Where beauty comes to life

The Korea Herald is publishing a series of articles titled Global Brand as part of the first installment of Power Korea. Korea’s success story is a 60-year-old tale written by not one, but many who worked to build one of the world’s most powerful nations from the ashes of war. This Global Brand series is designed to honor those who made this Korean Dream come true. This is the 11th part of the Global Brand series. ― Ed.Nearly five decades ago, AmorePacific became the first homegrown cosmetics br

IndustryMarch 18, 2013