Most Popular
-
1
'Super Rich in Korea' will leave viewers appreciating Korea more: producers
-
2
Probe of first lady on Dior bag allegations set to begin
-
3
Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
-
4
Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
-
5
[KH Explains] Can tech firms' AI alliances take on Nvidia?
![[KH Explains] Can tech firms' AI alliances take on Nvidia?](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/07/20240507050619_0.jpg&u=)
![[KH Explains] Can tech firms' AI alliances take on Nvidia?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/05/07/20240507050619_0.jpg&u=)
-
6
Korean battery makers heave sigh of relief over 2-year IRA reprieve
-
7
Over 80,000 millionaires, 20 billionaires in Seoul: report
-
8
Police seek arrest warrant for med student who killed girlfriend
-
9
Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
-
10
Will China's self-sufficient dream in HBM come true?
Kwon Hyuk-soo, 64, was appointed as the new CEO of Korea Coal Corp.
According to the state-run coal mine operator, Kwon, who joined Korea Coal Corp. in 1975, served as a vice president between 2006 and 2008, and then worked for state-run Kangwon Land Corp. as an outside director.
Industry watchers said the biggest task ahead of Kwon was to develop a restructuring plan to lower the company’s debt level.
Korea Coal Corp. gained the poorest score in the 2013 financial standing evaluation of 22 state-run companies by the Ministry of Science and Finance. According to the evaluation, Korea Coal Corp.’s debt-equity ratio amounted to 217.1 percent in 2012, the highest among those evaluated.
The nation’s coal mine operator runs three coal mines nationwide and has invested in overseas mining projects in countries such as Mongolia, Indonesia, Australia, Russia and China.
By Seo Jee-yeon (jyseo@heraldcorp.com)
According to the state-run coal mine operator, Kwon, who joined Korea Coal Corp. in 1975, served as a vice president between 2006 and 2008, and then worked for state-run Kangwon Land Corp. as an outside director.
Industry watchers said the biggest task ahead of Kwon was to develop a restructuring plan to lower the company’s debt level.
Korea Coal Corp. gained the poorest score in the 2013 financial standing evaluation of 22 state-run companies by the Ministry of Science and Finance. According to the evaluation, Korea Coal Corp.’s debt-equity ratio amounted to 217.1 percent in 2012, the highest among those evaluated.
The nation’s coal mine operator runs three coal mines nationwide and has invested in overseas mining projects in countries such as Mongolia, Indonesia, Australia, Russia and China.
By Seo Jee-yeon (jyseo@heraldcorp.com)
-
Articles by Korea Herald
![[K-pop’s dilemma] Time, profit pressures work against originality](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/05/08/20240508050705_0.jpg&u=20240508171126)
![[Today’s K-pop] NCT Dream to drop pre-release from 2nd Japan single](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/05/08/20240508050725_0.jpg&u=)