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POSCO's steel plant in Pohang, South Korea.
Corporate Governance
16 January 2014 - 6:43pm
Korea’s largest steel company and sixth biggest conglomerate, POSCO has selected current POSCO President Kwon Oh-jun as its next CEO. The recommendation committee conducted its final review of...
Youth unemployment drops to historic low, but outlook for 2014 still looking dim.
Growing Workforce
16 January 2014 - 6:39pm
The youth unemployment rate dropped to its historic lowest number since statistics have started to be gathered. The outlook for youth unemployment looks grim as Korea’s top corporations again cut...
President Park Geun-hye of Korea.
Three Year Plan
16 January 2014 - 6:31pm
President Park Geun-hye has just laid out her three year plan in detail with the formation of a Task Force involving the Ministry of Strategy and Finance. Under the plan, a focus has been placed on...
A KAIST research team applied the principle of osmotic pressure to minute water droplets that contain nanoparticles in microcapsulated photonic crystals.
Microcapsulating Technology
16 January 2014 - 4:58pm
A research team led by Kim Shin-hyun, Assistant Professor of Chemical and Biomolecular Engineering at KAIST, announced on January 15 that it successfully developed a technology to microcapsulate...
Woongjin Group Chairman Yoon Seok-keum.
Normalization of Woongjin Group
16 January 2014 - 4:48pm
According to industry sources on January 15, Woongjin Group’s rehabilitation proceeding will end early next month, helped by early debt repayments and management normalization. So far, the group has...
New Welding Tech
16 January 2014 - 4:34pm
A research group for welding technology at Daewoo Shipbuilding & Marine Engineering (DSME) announced on January 15 that it successfully developed the industry’s first weaving apparatus for...
Pictured above is GM Korea’s plant in Boryeong, which focuses on manufacturing transmissions and engine components.
Move of Car Production
16 January 2014 - 4:24pm
It has been found that GM is mulling over increasing the production of GM Korea by absorbing that of its facilities in Australia, which are scheduled to be shut down. Once the plan goes as scheduled...
Nurturing Value
16 January 2014 - 4:20pm
The Korean government is promoting the growth of high-value-added service industries with huge growth potential, such as testing and certification or cloud computing. The R&D budgets for the...
The Garraf oil field is the fifth biggest oil field in Iraq, with an estimated 1 billion barrels of reserves. It is located halfway between Karbala and Nasiriya in southern Iraq.
Gas Facility in Iraq
16 January 2014 - 3:04pm
STX Heavy Industries announced on January 15 that it signed the final contract two days ago with the Dubai office of Petronas for the construction of gas processing facilities in Iraq. The contract...
The GT4 concept car unveiled at the North American International Auto Show 2014.
GT4 Stinger
16 January 2014 - 2:57pm
Kia Motors’ media event at the North American International Auto Show 2014 kicked off on January 13 (local time).   Before unveiling its GT4 Stinger concept car, the company gave out popcorn and beer...
Peter Singer’s new book, Cybersecurity and Cyberwar: What Everyone Needs to Know, is published by Oxford University Press.
Asia Institute Seminar
15 January 2014 - 7:17pm
On January 2, Dr. Emanuel Pastreich, director of the Asia Institute, sat down with Peter Singer, director of the Center for 21st Century Security and Intelligence and a senior fellow in the Foreign...
POSCO's steel plant in Pohang, South Korea.
Conglomerate Leadership
15 January 2014 - 7:13pm
POSCO, one of Korea’s biggest conglomerates, has narrowed down its choices of CEO to five. Internal candidates are POSCO President Kwon Oh-jun, POSCO CHEMTECH President Kim Jin-il, POSCO Educational...

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