KNOC Aims to Expand, Diversify to Meet Oil Needs

New CEO Kang Places Top Priority on Helping Secure Energy Security

By Kim Hyun-cheol

Staff Reporter

The Korea National Oil Corp. (KNOC) is energizing itself into a key oil and gas exploration arm of the country. This effort is being led by CEO Kang Young-won, a former president of Daewoo International, and comes at a time when ``energy security'' predominates the national agenda.

Fluctuations in oil prices earlier this year reminded Korea that it is vulnerable, triggering an all-out effort to secure stable