The state-run Korea National Oil Corp. presented on Monday its future business vision to help small and medium-sized oil companies reinforce their international competitiveness.“Our vision is to achieve a global oil company that embraces small-scale companies,” said KNOC president and CEO Suh Moon-kyu.“These efforts will contribute to boosting small and medium-sized oil business units here.”To realize such a goal, the company suggested three major slogans ― reinforcing the competitiveness of sma

Economist says Korea should shake off negative economic outlooks

KOMIPO has developed social responsibility activities to generate happiness when it goes abroad. “Power is a necessity for life of people, and without it people cannot be happy. Generating happiness is tied to our core business,” KOMIPO CEO Choi Pyeong-rak said.When KOMIPO goes abroad, the company seeks out such activities to deliver its corporate value to local people as part of its global corporate citizenship program. Following a series of discussions, the power generation company developed e

This is the second in a series of case studies on the nation’s leading state-run companies which have made success stories overseas. ― Ed.The Korea Midland Power Co., or KOMIPO, has big plans, seeking to emerge as a global brand for power generation by 2020.“I am confident that the successful launch of a power plant in the fast-growing Indonesian power generation market last year will lay the foundations for the company’s drive for overseas expansion,” KOMIPO CEO Choi Pyeong-rak told The Korea H

The president of Hanbul Motors, the Korean importer of Peugeot and Citroen brands, on Tuesday harshly criticized the heated dealer competition among import carmakers, especially the top sellers BMW and Mercedes-Benz.“Strong sales would satisfy their foreign headquarters. But their excessive sales activities are led to consumer damages,” Hanbul Motors president Song Seung-cheol said when asked about the French carmaker’s sluggish sales in Korea during the launching event of the Citroen DS5. “Almo

Twitter's iPhone video-snippet sharing service Vine had concerns about porn exposed on Monday after adult content was bared briefly in an "Editor's Picks" section.Twitter apologized for the mistake, blaming "human error" but providing little detail, and quickly removed the video.The globally popular one-to-many message sharing service last week launched Vine, a service that lets people share video snippets from iPhones or iPod touch devices.Perpetually looping video clips up to six seconds each

WhatsApp, which allows text messaging over the Internet without incurring SMS messaging charges, violates Canadian and Dutch privacy laws, officials say.Canada’s privacy watchdog, in a joint investigation with Dutch authorities, determined the popular mobile messaging app breaches Canadian and Dutch privacy laws by forcing many of its users to grant access to their entire address book to use it, Canadian Broadcasting Corp. News reported Monday.“The address book contains phone numbers of both [Wh