Korea Coal Corporation Holds 70th Anniversary Ceremony

"Ensuring Safe Production, Just Industrial Transition, and Fulfilling the Mission of Inter-Korean Peace Energy"

Photos from the 70th anniversary ceremony of Korea Coal Corporation. The fourth person from the left is President Yoo Jeong-bae. (Photo by Korea Coal Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Coal Corporation announced that it held its 70th anniversary ceremony at 11 a.m. on the 2nd in the main auditorium of its headquarters in Wonju.

This anniversary ceremony was significantly scaled down due to the continuous spread of the novel coronavirus infection (COVID-19), and was conducted as an internal event through video connections with three mining sites.

The corporation was established on November 1, 1950, during the Korean War. Since then, it has made significant contributions to the industrialization, modernization, and forest greening of South Korea.

Over the past 70 years, by producing approximately 192 million tons of coal, it played a major role in transitioning energy from traditional fuels (charcoal and firewood) to briquettes, helping to green the national land.

From the start of the coal production increase policy in 1956 until the end of the forest greening policy in 1987, the public contribution value of Korea Coal Corporation’s forest greening efforts was estimated at about 32 trillion won.

In his commemorative speech, CEO Yoo Jeong-bae emphasized, "The 70-year history of our corporation has been a path of dedication to the economic growth of the Republic of Korea," adding, "Along with safer production, we must read the changes of the times and strive to establish new values that create benefits for the people."

CEO Yoo also stated, "We will work to achieve a just industrial transition together with the declining mining communities, and do our best to prepare steadily for the new mission of 'Peace Energy' between the South and North."

This content was produced with the assistance of AI translation services.