02-01-2011, 08:09 AM
Quote:India Approves Posco's Proposed Plant With Conditions
BY PRASENJIT BHATTACHARYA
NEW DELHI - India's environment ministry Monday said South Korean steel maker Posco's much-delayed $12 billion plant can go ahead with certain conditions, sending a signal that environmental concerns won't derail mega-industrial projects needed to keep the country's economic growth on track.
The clearance comes five years after Posco announced it would set up a 12 million tons a year steel plant in the mineral-rich eastern province of Orissa, in what could become the country's single-largest foreign investment to date.
The approval offers some hope to investors, especially those in India's steel
http://online.wsj.com/article/SB10001424...49474.html
Quote:After morning services, Lee also participates in Hagilmo, a group comprising management-level figures of major conglomerates like LG, Samsung and Hyundai.
Aside from these smaller groups, the network within Somang is wide and active. More than 200 top military and political figures currently attend the church, including Lee Kyung-sook, the chairman of the transition committee, and Chung Mong-joon, a member of the Grand National Party and the sixth son of Hyundaiââ¬â¢s founder, Chung Joo-young.
Other notable figures include Park Tae-jun, the former chairman of Posco; Yun Yeong-gwan, former minister of foreign affairs and trade, and Seo Sang-mok, the former minister of health and welfare. http://joongangdaily.joins.com/article/v...id=2885994