Most Popular
-
1
Korea added to key bond index
-
2
South Korean author Han Kang wins 2024 Nobel Prize in literature
-
3
North Korea notifies UN Command of plans to fortify border with South
-
4
Will Apple quit smart ring race with Samsung?
-
5
[Breaking] South Korea's Han Kang wins 2024 Nobel literature prize
-
6
[KH explains] Will CATL’s Korean push reshape battery alliance with Hyundai, Kia?
-
7
More deaths in ICU following doctors' mass walkout: lawmaker
-
8
Security issues to take center stage at ASEAN summit
-
9
North Korea already cut off inter-Korean roads in Aug.: JCS chief
-
10
[Herald Interview] Byun Yo-han embraced voice of powerless in ‘Snow White Must Die – Black Out’
-
Kim Jong-shin, a nuclear specialist
Kim Jong-shin is president and chief executive of Korea Hydro & Nuclear Power Co. since 2007. His second term began in 2010. Born in 1945 in Masan, South Gyeongsang Province, Kim began his career at Korea Electric Power Corp. in 1972 as an engineer with a specialty in nuclear power technology. He held several posts at the state-run enterprise and headed the Korea Western Power between 2004 and 2007.In 2008, he received the Legion of Honor from the French government for his commitment to the nucl
March 23, 2012
-
Korea’s atomic power industry faces challenge
Anti-nuclear sentiment grows while government pushes for more reactors, bolsters safetyA string of breakdowns, aging reactors and aftereffects of the Fukushima meltdown have come together to trigger the biggest crisis in Korea’s nuclear industry since its birth.With a parliamentary election less than three weeks away, some opposition candidates are joining forces to call for the scrapping of atomic energy plants. The intensifying political onslaught, emboldened by safety jitters among the public
March 23, 2012
-
Sohn Kyung-shik reelected as Korea chamber chief
The Korea Chamber of Commerce and Industry said Friday that it reelected Sohn Kyung-shik as chairman of the nation’s influential business lobby group.Chamber members agreed in a unanimous vote to offer another three-year term to the CJ Group co-chairman, who has led the Seoul chamber since November 2005.According to chamber officials, Sohn has been recognized for linking the business community with the government as he also serves as the chairman of the Presidential Council on National Competiti
March 23, 2012
-
Nuclear energy giant Areva sees Korea as aggressive competitor
Areva, the Paris-based nuclear energy giant, said Friday that Korean nuclear companies have become more aggressive competitors while also serving as customers of the firm.“I think the Korean industry is a competitor and a customer and we respect both,” said Areva’s president and chief executive Luc Oursel in a press conference on the sidelines of the 2012 Seoul Nuclear Industry Summit in southern Seoul.“We obviously see a more aggressive competitor and we like competition.”Areva, a well-known na
March 23, 2012
-
KHNP hosts industry summit, steps up safety
Korea Hydro & Nuclear Power Co. said it has been stepping up its efforts to boost safety and energy security as the operator of the country’s 23 nuclear power plants. The state-run utility hosted the two-day Nuclear Industry Summit in Seoul on Friday, setting the stage for leaders from across the globe to share their experience and knowledge in enhancing the safety of atomic power ahead of the Nuclear Security Summit on March 26-27. After being spun off from Korea Electric Power Corp. in 2001, t
March 23, 2012
-
Raising accredited security professionals ‘essential’
Korea needs to foster more sufficiently accredited nuclear security professionals to stand out as a reactor exporter in an expanding global atomic power plant market, Roger Howsley, president of the World Institute for Nuclear Security, said on Friday.The British expert on nuclear security said exporting of nuclear power plants should come with safety management for the reactor post-construction.“I think it’s essential to have accredited professionals for safety and emergency management. Raisin
March 23, 2012
-
Industry leaders open forum on nuclear safety
Nuclear energy industry leaders from around the world kicked off a two-day meeting in Seoul Friday to help advance atomic safety and support global security.The Nuclear Industry Summit will offer viable recommendations to leaders of 58 nations and international organizations who will participate in
March 23, 2012
-
Noodle firms fined W135.4b for price-rigging
Ramen makers tangled up in shady deals for nine years: FTCThe Fair Trade Commission said Thursday that it imposed fines totaling 135.4 billion won ($120 million) on four major instant noodle makers here for colluding to fix prices. Nongshim, the market leader, was fined the largest amount of 107.7 billion won, followed by Samyang with 11.6 billion won, Ottogi with 9.7 billion won and Korea Yakult with 6.2 billion won. The four companies had exchanged product information and fixed the prices of k
March 22, 2012
-
Nuclear industry discusses safety
Industry leaders to discuss role of private sector in enhancing nuclear safety, securityMore than 200 representatives of nuclear power companies and related international organizations, such as the International Atomic Energy Agency, will gather in Seoul on Friday for discussions on how to ensure nuclear safety.The two-day Nuclear Industry Summit, themed “The Role of the Nuclear Industry in Enhancing Nuclear Security and Safety,” is being held in conjunction with the Seoul Nuclear Security Summi
March 22, 2012
-
Hyundai Heavy, 40, targets W100tr sales
Hyundai Heavy Industries has set the goal of achieving 100 trillion won ($88 billion) in yearly sales within four years.The shipbuilding group’s sales target was announced during an event celebrating the 40th anniversary of its foundation on Thursday.While the group posted sales of 66 trillion won in 2011, it is aiming at 52 percent growth in four years to reach 100 trillion won in 2015.Hyundai Heavy CEO Lee Jae-sung vowed to meet new challenges for further development during his speech at the e
March 22, 2012
-
LG Uplus enters Japanese Web storage service market
LG Uplus, one of the nation’s three telecom carriers, on Thursday started Web-based file storage services in Japan in a partnership with the Tokyo-based IT solution firm Computer Engineering & Consulting. This is the first time that a local Web storage service has entered an overseas market. LG Uplus, the nation’s No. 1 online storage service provider, hopes to achieve more than 30 billion won ($27 million) in accumulated sales by 2015. Under their agreement made in November, LG Uplus will devel
March 22, 2012
-
Samsung offers partners R&D funds
Samsung Group said on Thursday that it would offer 770.7 billion won ($682.3 million) as research and development funds to its partner firms this year at its event held to promote fair trade and mutual growth.At the event organized at Samsung’s office in southern Seoul, 11 Samsung affiliates signed a treaty with 3,270 primary suppliers, while they also signed treaties with 1,269 secondary suppliers, according to company officials.It was attended by representatives from the Fair Trade Commission,
March 22, 2012
-
Samsung picks Xian for Chinese factory
Samsung Electronics is expected to build its second overseas NAND Flash manufacturing plant in Xian, Shaanxi province, after signing an agreement with the regional government late Wednesday.Samsung, the world’s top memory chip maker, will hold working-level talks with the government of Xian, which the Korean IT behemoth picked as its preferred candidate city, after getting the green light from the Korean government to construct a memory chip plant in China last December.Samsung currently has one
March 22, 2012
-
Asiana supports schools in China
Asiana Airlines has launched a program to set up partnerships with schools in China.The nation’s second-largest air carrier signed a tie-up with a middle school in China’s northeastern city of Tumen on Thursday.It donated 40 personal computers, 1,000 books and a piano to the school and agreed to provide a class.Asiana plans to increase the number of sisterhood alliances with schools in the carrier’s 20 destinations in China. The cities include Xian, Yanji and Changchun. “We have been carrying ou
March 22, 2012
-
SK Group claims embezzlement charges based on misunderstanding
SK Group said the prosecution’s claims of embezzlement by its chairman Chey Tae-won and his younger brother are largely based on misunderstanding and exaggeration. “Foreign investors are worried about the group owner’s risks, but many of the prosecution’s allegations are not based on facts,” said SK spokesman Lee Man-woo. “We are confident that all the facts will be clarified in court.”SK Group, one of the country’s biggest conglomerates, is grappling with bad publicity stemming from the prosecu
March 22, 2012
-
KEPCO E&C targets W5tr in sales ...by 2020 through overseas expansion
Designer of nuclear power plants upgrades safety features after Fukushima accidentThe tsunami that crippled the Japanese nuclear power plant a year ago led governments around the world to check the safety of their atomic facilities, with some deciding not to build new ones.KEPCO Engineering and Construction Co., Inc., which designs nuclear, thermal, hydro and combined cycle power plants, reviewed the safety of its nuclear power stations from square one.“A government-led safety inspection was con
March 22, 2012
-
Prominent nuclear industry leaders to gather in Seoul
A number of high-profile nuclear industry officials will attend the two-day Nuclear Industry Summit starting Friday aimed at bolstering international cooperation to enhance nuclear safety and security.Co-chairs of the NIS International Advisory Committee such as John Ritch, director general of the World Nuclear Association; Roger Howsley, president of the World Institute for Nuclear Security; Laurent Stricker, chairman of the World Association of Nuclear Operators; and Marvin Fertel, president o
March 22, 2012
-
E-Mart promises greater support for suppliers
E-Mart, the country’s largest supermarket chain, said Wednesday that it will provide support funds worth 300 billion won ($260 million) to its partner firms as part of its shared growth plan.In a press conference that invited 100 chiefs of its partner firms, E-Mart chief executive Choi Byung-ryul announced four major directions for shared growth including developing products together with its partners and giving greater financial support to smaller firms.The other two are expanding the number of
March 21, 2012
-
Gori-1 unit chief decided not to report power loss: NSSC
The Nuclear Safety and Security Commission on Wednesday said the chief of the Gori-1 nuclear power plant had decided not to report a power outage at the unit on Feb. 9 to higher authorities.The panel last week launched a probe into the temporary power failure at the Gori-1 unit in Busan and why it was only reported to the head of the Korea Hydro and Nuclear Power Co. more than a month later.“The chief of the Gori-1 unit entered the main control room during the power loss and decided not to repor
March 21, 2012
-
Samsung gets tough on antitrust obstruction
Conglomerate says still deciding disciplinary action after watchdog’s W400m fineSamsung Electronics chairman Lee Kun-hee was reportedly enraged over its flagship electronics arm’s antitrust hindering, with Samsung Group announcing it will devise prevention measures involving the incident on Wednesday.“I heard that the chairman was in fury over the incident. There was a strong reprimand,” said Rhee In-yong, chief of communications at Samsung Group, during a weekly briefing following the meeting
March 21, 2012