Korea Coal Corporation
Encyclopedia
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.
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. Its headquarters are located in Seoul, in Sangam-dong
Sangam-dong
Sangam-dong is a legal dong, neighbourhood of the Mapo-gu district in Seoul, South Korea.-Attractions:*Nanjido *Worldcup Park **Millennium Park **Sky Park **Pyeonghwa Park **Noeul Park...
, Mapo-gu
Mapo-gu
Mapo-gu is a gu, or district, within Seoul, South Korea. It lies northwest of the Han River. Several universities and government buildings are located here. Mapo is especially well-known for the Hongdae club district around Hongik University. Seoul Metropolitan Subway Line 1, Line 5, and Line 6...
.
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
Bituminous coal
Bituminous coal or black coal is a relatively soft coal containing a tarlike substance called bitumen. It is of higher quality than lignite coal but of poorer quality than Anthracite...
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
First Republic of South Korea
The First Republic of South Korea was South Korea's first independent government, ruling the country from 1948 to 1960. It succeeded USAMGIK, the United States military government, which ruled the area from 1945 to 1948. The First Republic was established on August 15, 1948, with Syngman Rhee as...
. It was the successor to a Japanese government corporation set up under Japanese rule
Korea under Japanese rule
Korea was under Japanese rule as part of Japan's 35-year imperialist expansion . Japanese rule ended in 1945 shortly after the Japanese defeat in World War II....
, when large-scale coal-mining in Korea began.
See also
- List of Korea-related topics
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- Government of South KoreaGovernment of South KoreaThe Government of South Korea is divided into executive, judicial, and legislative branches. The executive and judicial branches operate primarily at the national level, although various ministries in the executive branch also carry out local functions. Local governments are semi-autonomous, and...