Government seeks to export technology as Thai premier visits sites on SundayIn a sign of emerging from the years-long controversy, Korea’s project to revamp its four major rivers is poised to get a boost as several countries express interest in adopting similar schemes. The multi-billion-dollar program is the centerpiece of the government’s green growth initiative, focusing on enhancing water security, flood control and ecological equilibrium in the basins of the Han, Geum, Yeongsan and Nakdong

Rivers refurbishment points to ‘green growth’ successGovernment seeks to export technology as Thai premier visits sites on SundayIn a sign of emerging from the years-long controversy, Korea’s project to revamp its four major rivers is poised to get a boost as several countries express interest in adopting similar schemes. The multi-billion-dollar program is the centerpiece of the government’s green growth initiative, focusing on enhancing water security, flood control and ecological equilibrium

Passing over better-known candidates, President Barack Obama nominated global health expert and Dartmouth College President Jim Yong Kim on Friday to lead the World Bank. It was a surprise pick aimed in part at fending off challenges from developing nations eager to end the U.S. monopoly of the top

Representatives of power companies, international organizations vow stronger cooperation for nuclear security, safetyMore than 200 nuclear industry leaders from 36 countries agreed to enhance nuclear security and minimize the use of highly enriched uranium on Friday at the Seoul Nuclear Industry Summit.The Seoul NIS, given the theme of “The Role of the Nuclear Industry in Enhancing Nuclear Security and Safety,” was held at the Grand Intercontinental Hotel as an auxiliary event of the Nuclear Sec

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

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

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

Hana Financial Group chairman Kim Seung-yu finished his 15-year career as chief of the financial company on Friday.Kim worked as chief executive of Hana Bank between 1997 and 2005 and as the first chairman of Hana Financial Group between 2005 and 2012.The 68-year-old banker has been highly evaluated as one of the few figures to foster their organizations via mergers and acquisitions in the nation’s financial industry.Hana, which took over Seoul Bank in 2002, Boram Bank in 1999 and Chungcheong Ba

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