Articles by 최희석
최희석
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KTX-II train examined due to structural fault: sources
One of the 19 KTX-Sancheon high-speed trains has been pulled off line as the system is now under examination by the manufacturer due to a serious structural fault, sources said Wednesday. KTX-Sancheon, or KTX-II, is the first high-speed train produced with locally developed technology that went into service early last year. The train has been in the spotlight in recent months due to frequent break
Industry May 11, 2011
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Ministry sets area of new park in Yongsan
The Ministry of Land, Transport and Maritime Affairs on Wednesday designated 2.43 square kilometers of the land currently occupied by the U.S. Army’s Yongsan Garrison to be converted into a park.Central government agencies and the Seoul city government have been reviewing plans to convert the land occupied by the Yongsan Garrison into a park since 2008 once control of the land is returned to the K
May 11, 2011
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Event to bring massive economic benefits for Korea
The International Exposition Yeosu Korea 2012 that will open its doors to visitors on May 12, 2012, is expected to bring more than visitors to South Korea.According to the organizing committee for Expo 2012 Yeosu Korea and local think-tanks, the cost of building the facilities and operating them for the three-month event will be about 2.1 trillion won ($1.9 billion).While significant, the figure i
Industry May 11, 2011
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Lee Kun-hee names new chief secretary
Samsung C&T Corp.’s executive vice president Park Pil was appointed as the head of Samsung Electronics chairman Lee Kun-hee’s assistant team on May 1.Operating under the chief of Samsung’s corporate strategy office, the head of the chairman’s assistance team is widely considered to be an important step on the way to key posts within Samsung Group.Although the team acts as the chairman’s assistance
Industry May 11, 2011
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Expo packed with cultural events
The main theme of the upcoming International Exposition Yeosu Korea 2012 is “Living Ocean and Coast,” and as such its focus will be on issues related to marine development.However, organizers also have a host of cultural events to entertain visitors.During the 93-day expo, more than 3,200 performances and other cultural events will take place within the grounds.The performances and events planned
Industry May 11, 2011
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Yeosu Expo to present future of marine development
Organizing committee steps up efforts for flawless Exposition opening next MayThe International Exposition Yeosu Korea 2012 is now a year away from its opening and its organizers are stepping up the efforts to bring preparations to a smooth close. The event, held under the theme “Living Ocean and Coast” will be held in Yeosu, South Jeolla Province from May 12 to Aug. 12.According to the Expo organ
Industry May 11, 2011
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S. Korea's PyeongChang recieves favorable evaluation from IOC
PyeongChang, a South Korean town bidding to host the 2018 Winter Olympics, received a largely positive assessment from the International Olympic Committee (IOC)Tuesday, with a little less than two months before the host city is to be decided.In a report published by its Evaluation Commission, the IOC said PyeongChang, located about 180 kilometers east of Seoul, could leave a new legacy in Asian sp
More Sports May 10, 2011
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Yeosu Expo kicks off celebrations
Prime minister to visit the port city to drum up supportEvents marking the start of the 365-day run up to the International Exposition Yeosu Korea 2012 kicked off Tuesday with a concert and celebrations in Yeosu, South Jeolla Province.The three-month expo will be held at the southern port city from May 12, 2012 until Aug. 12. The upcoming expo is the second international exposition held in Korea,
Industry May 10, 2011
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EU firms pledge $510m investment in Korea
Investment focuses on renewable energy and material industriesFive EU-based companies pledged to invest $510 million in Korea, the Ministry of Knowledge Economy announced Tuesday.The pledges ― two memoranda of understanding and three notifications of investment ― were made at an event held in Berlin attended by Minister of Knowledge Economy Choi Joong-kyung.The two memoranda of understanding were
Industry May 10, 2011
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Korea, Japan open working-level FTA talks
South Korea and Japan held director-general level talks on a bilateral free trade agreement in Seoul on Monday.Monday’s meeting was the second to be held by director-general level officials from the two countries since the first round of talks held on Sept. 16 in Tokyo.At the latest talks, officials from the two countries discussed non-tariff barriers and other trade-related issues, and plans for
May 9, 2011
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SK Chemicals aims for W3tr sales by 2015
Company aims to earn W2tr from green chemicals businessSK Chemicals will aim to make 3 trillion won ($2.8 billion) in sales in 2015, chief executive Kim Chang-geun recently told his company, SK Chemicals said Monday.SK Chemicals is a pharmaceuticals and chemicals maker affiliated to the country’s third largest conglomerate, SK Group. The company currently holds the largest share of Korea’s market
Industry May 9, 2011
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POSCO seeks opportunity in South America
POSCO, the world’s fourth-largest steelmaker, is stepping up efforts to expand into South America’s infrastructure and natural resource development projects.On Saturday, POSCO chief executive Chung Joon-yang, who was on a four-day tour of Chile, Ecuador and Honduras, signed a memorandum of understanding with Li3Energy to provide technological and financial collaboration. POSCO chief executive Chun
Industry May 8, 2011
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Yeosu begins 365-day countdown to Expo
A series of colorful events concerning the International Exposition Yeosu Korea 2012 will begin in Yeosu, South Jeolla Province on Tuesday.The three-month long event will be held at the southern port city from May 12, 2012 until Aug. 12.According to the provincial and city governments, and the event’s organizing committee, a celebratory event will be held at a sports stadium in the southern city o
Industry May 8, 2011
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Ministry begins new project for energy experts
The Ministry of Knowledge Economy said Sunday that it will inject 13.6 billion won ($12.5 million) into securing human resources pool for energy-related fields.Under the program, the ministry said it will support higher education institutions to train energy professionals, and help their research efforts.Overall, the ministry estimates that the projects will produce 3,600 energy professionals on a
Industry May 8, 2011
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Economic bodies hail EU FTA ratification
By Choi He-suk Local economics organizations praised the National Assembly ratification of the Korea-EU Free Trade Agreement on Wednesday.The EU is Korea’s second largest export destination, and European goods account for the fourth largest proportion of Korea’s imports.As such, the pact is projected to have significant benefits for Korea’s economy with some projecting that it will have a larger e
Industry May 5, 2011
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