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Korea Coal Corporation
The Korea Coal Corporation, also known as Korea Coal or KOCOAL, is a government-owned corporation which oversees the coal-mining industry in South Korea. Its headquarters are located in Seoul, in Sangam-dong, Mapo-gu. Korea Coal operates three domestic anthracite coal mines, producing approximately 1.2 million metric tons annually. This is down from a peak of 5.2 million tons reached in 1988. As domestic demand for bituminous coal has grown, exceeding 70 million tons in 2005, the company has reduced its Korean operations and begun to invest in overseas mines. The company was initially formed in 1950, under the First Republic of South Korea. It was the successor to a Japanese government corporation set up under Japanese rule, when large-scale coal-mining in Korea began. See also *Economy of South Korea *Government of South Korea The Government of South Korea is the union government of the Republic of Korea, created by the Constitution of South Korea as the executive, l ...
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State-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ...
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Mining
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, an ...
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Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ...
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Coal
Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when dead plant matter decays into peat and is converted into coal by the heat and pressure of deep burial over millions of years. Vast deposits of coal originate in former wetlands called coal forests that covered much of the Earth's tropical land areas during the late Carboniferous ( Pennsylvanian) and Permian times. Many significant coal deposits are younger than this and originate from the Mesozoic and Cenozoic eras. Coal is used primarily as a fuel. While coal has been known and used for thousands of years, its usage was limited until the Industrial Revolution. With the invention of the steam engine, coal consumption increased. In 2020, coal supplied about a quarter of the world's primary energy and over a third of its electricity. Some iron ...
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Sangam-dong
Sangam-dong is a legal '' dong'' (neighborhood) of the Mapo District in Seoul, South Korea. In the wake of the 2002 FIFA World Cup, a large apartment complex and DMC business district have been created and developed into the center of western Seoul. Attractions *Nanjido (난지도 蘭芝島) * World Cup Park (월드컵공원) **Millennium Park (밀레니엄공원) **Sky Park (하늘공원) **Pyeonghwa Park (평화공원 平和公園) ** Noeul Park (노을공원) ** Nanjicheon Park (난지천공원) ** Hangang Citizens' Nanji Park (한강시민난지공원) *Korean Film Archive (한국영상자료원) **Jodin Leeso Korean Film Museum (한국 영화 박물관) **Cinematheque KOFA (시네마테크 KOFA) **Korean Film Referential Library (영상 자료실) * CJ E&M Center (씨제이 이앤엠 센터) (broadcast and recording studio of many Mnet programs with a studio audience such as the live weekly music show ''M! Countdown'') *Munhwa Broadcasting Corporation(MBC) (문화방송) Ed ...
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Mapo-gu
Mapo District () is one of the 25 districts of Seoul, South Korea. Mapo has a population of 381,330 (2015) and has a geographic area of 23.87 km2 (9.22 sq mi), and is divided into 24 '' dong'' (administrative neighborhoods). Mapo is located in western Seoul on the northern bank of the Han River, bordering the Gyeonggi Province city of Goyang to the northwest, and the Seoul city districts of Gangseo to the west, Yeongdeungpo to the south, Yongsan to the southeast, Jung to the east, and Seodaemun and Eunpyeong to the north. Mapo is home to several universities and government buildings, and is well known for the Hongdae club district around Hongik University. Mapo is connected to the Seoul Metropolitan Subway's Line 2, Line 5, and Line 6, as well as the Airport Railroad, and the Korail Gyeongui-Jungang Line, which all pass through this district. The Seoul World Cup Stadium, a famous landmark in Seoul, is located in Sangam in northwest Mapo. Mapo District Office Location ...
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Anthracite
Anthracite, also known as hard coal, and black coal, is a hard, compact variety of coal that has a submetallic luster. It has the highest carbon content, the fewest impurities, and the highest energy density of all types of coal and is the highest ranking of coals. Anthracite is the most metamorphosed type of coal (but still represents low-grade metamorphism), in which the carbon content is between 86% and 97%. The term is applied to those varieties of coal which do not give off tarry or other hydrocarbon vapours when heated below their point of ignition. Anthracite ignites with difficulty and burns with a short, blue, and smokeless flame. Anthracite is categorized into standard grade, which is used mainly in power generation, high grade (HG) and ultra high grade (UHG), the principal uses of which are in the metallurgy sector. Anthracite accounts for about 1% of global coal reserves, and is mined in only a few countries around the world. The Coal Region of northeastern Pen ...
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Bituminous Coal
Bituminous coal, or black coal, is a type of coal containing a tar-like substance called bitumen or asphalt. Its coloration can be black or sometimes dark brown; often there are well-defined bands of bright and dull material within the seams. It is typically hard but friable. Its quality is ranked higher than lignite and sub-bituminous coal, but lesser than anthracite. It is the most abundant rank of coal, with deposits found around the world, often in rocks of Carboniferous age. Bituminous coal is formed from sub-bituminous coal that is buried deeply enough to be heated to or higher. Bituminous coal is used primarily for electrical power generation and in the steel industry. Bituminous coal suitable for smelting iron (''coking coal'' or ''metallurgical coal'' ) must be low in sulfur and phosphorus. It commands a higher price than other grades of bituminous coal (thermal coal) used for heating and power generation. Within the coal mining industry, this type of coal is known ...
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First Republic Of South Korea
The first Republic of Korea () was the government of South Korea from August 1948 to April 1960. The first republic was founded on 15 August 1948 after the transfer from the United States Army Military Government that governed South Korea since the end of Japanese rule in 1945, becoming the first independent republican government in Korea. Syngman Rhee became the first president of South Korea following the May 1948 general election, and the National Assembly in Seoul promulgated South Korea's first constitution in July, establishing a presidential system of government. The first republic claimed sovereignty over all of Korea but only controlled Korea south of the 38th parallel until the end of the Korean War in 1953, when the border was modified. The first republic was characterized by Rhee's authoritarianism and corruption, limited economic development, strong anti-communism, and by the late 1950s growing political instability and public opposition to Rhee. The April Revo ...
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Korea Under Japanese Rule
Between 1910 and 1945, Korea was ruled as a part of the Empire of Japan. Joseon Korea had come into the Japanese sphere of influence with the Japan–Korea Treaty of 1876; a complex coalition of the Meiji government, military, and business officials began a process of integrating Korea's politics and economy with Japan. The Korean Empire, proclaimed in 1897, became a protectorate of Japan with the Japan–Korea Treaty of 1905; thereafter Japan ruled the country indirectly through the Japanese Resident-General of Korea. Japan formally annexed the Korean Empire with the Japan–Korea Treaty of 1910, without the consent of the former Korean Emperor Gojong, the regent of the Emperor Sunjong. Upon its annexation, Japan declared that Korea would henceforth be officially named Chōsen. This name was recognized internationally until the end of Japanese colonial rule. The territory was administered by the Governor-General of Chōsen based in Keijō (Seoul). Japanese rule prioritized ...
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Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's education system and the establishment of a motivated and educated populace is largely responsible for spurring the country's high technology boom and economic development. South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2019, South Kor ...
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