Korea Resources Corporation (KORES), as one of Korea's state owned energy and resources enterprises, has its roots in mining industry since it was established as the Korea Mining Promotion Corporation in 1967. In 2008, KORES was reborn with a vision to grow into one of the global top 20 players in the mining and resources sector by 2020. The ambitious transformation reflected the Korean government's strong commitments to meeting the ever growing natural resources needs of the Korean economy.
Fostering the development of the Korean resources industry
Korea had been one of the poorest countries in the world until a mere generation ago, but now as a member of the 20-50 club, Korea has acquired a competitive edge in manufacturing and trading sectors. In fact, Korea is world's fifth largest mineral resources consumer, mainly due to the demands from the steel, electronics, automobile, shipbuilding and chemical industries. As such, it is time to turn over a new leaf and overhaul the Korean mining and natural resources industries to keep up the pace with Korea's manufacturing sectors.
Assisting the Korean consortiums
KORES stands at the center to realize Korean government's strong commitments in fostering resources industry. We are exerting our utmost efforts to upgrade our expertise and to achieve technology innovation and professional excellence in the shortest period of time possible, so as to be on par with major global companies in the resources industry.
What is more, we invite strategic partnerships and alliances with relevant entities and enterprises, both domestic and overseas, to represent Korea in the international resources marketplace by spearheading the "Korea Consortium", encompassing major trading companies and end users in Korea.
Becoming a true friend of the communities that we work in
KORES aims to create universal values for mankind through ecologically sound development. Therefore, we wish to become not only a good business partner and collaborator, but also a true friend of the resources endowed countries and mining site communities around the world. For that, we are ready to share the added value we will create together for a mutually beneficial co-existence. We ultimately want to be your one-stop resources business window in Korea, maximizing each other's forte and meeting each other's needs.
We appreciate your interest in us and look forward to working with you. Thank you.
Dr. Jung-Sik Koh
President and CEO
Korea Resources Corporation