Nexon founder Kim Jung-joo will step down from CEO of NXC, Nexon's holding company.NXC announced on July 29 that it has appointed Lee Jae-kyo, head of the brand promotion headquarters, as its new CEO and recruited Alex Iosilevich, a former executive of a multinational investment bank, as CIO of glob

At a ceremony marking the 75th anniversary of the Korea International Trade Association (KITA), Koo Ja-yeol, chairman of the KITA, emphasized on-site COVID- 19 responses and digital transformation of the trade industry.At the event held online on July 26, Koo, chairman of the 31st KITA and concurren

LG Energy Solution and Hyundai Motor Group announced on July 29 that they have signed an investment agreement with the Indonesian government to establish a 10 GWh battery cell joint venture in Indonesia.LG Energy Solution CEO Kim Jong-hyun, Hyundai Mobis CEO Cho Sung-hwan met at the headquarters of

Hyundai Motor Group (HMG) Honorary Chairman Chung Mong-Koo has been inducted into the Automotive Hall of Fame at the 2020/2021 Induction and Awards Ceremony, a group spokesman said on Juy 23.The industry’s top honor was presented to the class of 2020 at a celebration held at the ICON Convention Cent

LG Chem CEO Shin Hak-cheol announced investment plans worth 10 trillion won in ESG-based sustainable growth sectors, the company said on July 14.At a press conference held online on July 14, CEO Shin stated LG Chem selected ▲eco-friendly sustainable business ▲e-mobility centering on battery material

Korea Gas Corp. (KOGAS) will introduce 2 million tons of liquefied natural gas (LNG) annually from Qatar for 20 years (2025-2044). This time, the price conditions are expected to improve due to changes in the international natural gas market, saving about $1 billion over the past 20 years.This is du

CEO Kim Gyung-rea of JC Global (Wonjin Ecotech's distribution company) established the company in the Jeollabuk-do Province. Since then, the company has been growing by leaps and bounds. For a long time, he composed songs under the theme of ‘Muju Arirang’ in the Jeollabuk-do Province.Youn Ki-sik, th

IBM has appointed Won Sung-shik, the head of the IBM technology group, as the country general manager (CGM) of IBM Korea.Won Sung-sik joined IBM Korea in 1991 and gained experience and expertise in various IBM business sectors such as hardware, marketing, global technology services, and financial in

Oriental Brewery accounts for more than 80% of Korea's beer exports, maintaining the No. 1 beer exports in Korea and leading the “Korean Beer Wave.” Born in 1933, Oriental Brewery has led the Korean liquor industry for more than 80 years.It is equipped with the latest automation facilities to produc

“For the first time in the history of Korea, we have built a skyscraper over 100 stories tall. Lotte World Tower symbolizes architectural and technical achievement and complement the natural beauty and cultural heritage of the city, while creating major economic benefits and national competitiveness

SBI Savings Bank has kept growing with an accelerated pace and now transforming into one of the premier financial institutions in the industry. It continues to grow in the fast-changing financial environment. Now, SBI is spreading out to the world.As an innovation leader of the financial industry, S

Established as Korea’s first steelmaker in 1953, Hyundai Steel has paved the way for sustainable growth by boosting blast furnace business as a new growth engine in addition to its existing electric arc furnace based operation. We will continue to prepare for a greater future with a vision of 'Leadi

“This year marks the 122nd anniversary of Woori Bank,” said CEO Kwon Kwang-seok of Woori Bank in his message to the clientele in Korea and around the world.Then he said, “Boosting the economy by facilitating financial support and contributing to the national economy is our motto."In 1899, Woori Bank

The name consists originally of two Chinese characters Nong (농) and Shim (심), where the former means a ‘Farmer’ and the latter ‘Mind.’ So, Nongshim, originally, means, “The mind of the farmers,” which, in a sense, is the ‘Mind of the People’ and in extension the ‘Mind of the Korean People’ as Korea,

“Where do you want to go and stay?” ask the management of the company. The company, headed by Chairman Kang Seung-soo with Honorary Chairman Cho Chang-geol, leads the transformation of Korea’s residential environment since the 1970s. Hanssem is a full-service interior company which provides furnitur

Booyoung in Korea is considered a ‘21st century’s global company and the 13th best company in the financial world (private enterprises). According to the public relations sources of Booyoung, the Group is aiming to grow into a global company of the 21st century, challenging the status quo with a pio

In 1983, Jungheung Housing was established and later the legal firms of Jungheung Construction and Jungheung Civil Engineering were established building the knowhow of construcion for nearly four decades.The management philosophy of Jungheung, according to the public relations materials of the compa

Chairman Kim Woo-nam of the Korea Racing Authority (KRA) is a very special person in the fact that he makes it a rule to increase international cooperation and friendship between Korea and all the wcountries of the world. In 2021, Chairman Kim attended the opening ceremony of the world rehabilitatio

Korea Energy Agency announced on June 17 that it held the "Korea-UAE Renewable Energy Business Meet-up Day" at Intercontinental COEX in Seoul to support domestic energy leading companies' overseas expansion and create new business opportunities.In 2018, the agency signed a "business agreement to pro

The following article is based on press materials provided by the Embassy of the Republic of Uzbekistan in Seoul for publication by The Korea Post media, publisher of 3 English and 2 Korean-language news publications since 1985.—Ed.On June 23-24, an international forum on Inter-Parliamentary Global