Rashid Al Falahi, chief storytelling officer of the Federal Authority for Nuclear Regulation, believes that storytelling and transparency should be an i.
June 20, 2008 07:39
Some 257,000 government and public corporation officials went on overseas business trips during the two and a half years between 2005 and the middle of 2007, spending nearly W1 trillion. This is according to the results of an audit by the Board of Audit and Inspection done on 603 central and provincial authorities and public firms in June and July of last year.
The BAI says that from 2005 to the end of May 2007, 54,094 officials from 59 central agencies, 111,384 from 246 provincial agencies and 91,553 from 298 public firms traveled overseas on business. These trips cost W390.5 billion in 2005, W442.7 billion in 2006 and W147.8 billion in the first five months of 2007, for a total W981 billion.
Public firms debt hits record high in 2020
Posted : 2021-04-30 15:27
Korea Electric Power Corp. headquarters in Naju, South Jeolla Province / Yonhap
South Korean public firms liabilities rose for the third straight year last year to hit a record high as they increased investment amid the pandemic, the finance ministry said Friday.
Of 350 state-run companies, the combined debt of 347 firms reached 544.8 trillion won ($491.5 billion) at the end of last year, up 17.9 trillion won from the previous year, according to the Ministry of Economy and Finance.
It marked the highest total for liabilities since 2005 when the government began compiling related data.
Their combined assets grew 41.6 trillion won on-year to 902.4 trillion won.
National Pension Service to review divestments from firms using coal
Posted : 2021-04-28 15:56
Updated : 2021-04-28 17:59
Environmental activists hold a rally in front of the National Pension Service Investment Management headquarters in Jeonju, North Jeolla Province, April 20, to urge the state pension fund to stop its investments in coal-related industries. Yonhap
KEPCO, OCI, GS, Kumho Petrochemical, LG International face concerns
By Park Jae-hyuk
The National Pension Service (NPS) will discuss divesting from companies mining coal and those generating electricity from it, during its forthcoming Fund Management Committee meeting, according to sources and media reports, Wednesday.
The decision was made after the state pension fund s Special Committee on Responsible Investment & Governance held talks recently on the introduction of negative screening, which refers to the intentional exclusion of controversial firms from investment portfolios.
Moon vows to bolster commitments to carbon neutrality koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.