Clean Coal Technologies Announces Appointment of Exclusive Agent for South Korea
Mr. Chung-won Kang to Oversee New Business Initiatives For CCTI's Clean Coal Technology
NEW YORK, Nov. 5, 2013 /PRNewswire/ -- Clean Coal Technologies, Inc. (CCTC) ("the Company"), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning and more efficient fuel, today announced that it has entered into an agreement with Mr. Chung-won Kang to serve as the Company's exclusive agent for South Korea.
A career banker, Mr. Chung-won Kang served as President & CEO of Kookmin Bank, the largest commercial bank in Korea, from 2004 to July 2010, and, concurrently Vice Chairman and CEO (acting Chairman) of its parent, KB Financial Holdings, from September 2009 to July 2010.
Mr. Kang started his career at Citibank in 1979, and was Chief Country Officer of Bankers Trust Company and Deutsche Bank, successively, in Korea until May 2000. Mr. Kang was then appointed by the government shareholder as President and CEO of Seoul Bank, a commercial bank that had been nationalized during the Asian financial crisis. He successfully restructured Seoul Bank and coordinated the re-privatization process through the sale of the bank to Hana Bank in October 2002. Subsequently, he was invited by the International Monetary Fund as a visiting scholar during the first half of 2003, where he documented his restructuring experience in an IMF Working Paper.
"South Korea is a vibrant Asian economy that relies on coal as one of its primary sources of fuel. Furthermore, many of the country's most prominent multinationals are active in the Asian energy markets where CCTI established a presence," said Robin Eves, President and CEO of Clean Coal Technologies. "The opportunity to develop our business in partnership with Korean companies, within and outside of Korea, is one that we are confident will be greatly aided by an individual of the stature and access of Mr. Kang."
Mr. Kang was a board member of the Institute of International Finance (IIF) from 2008 to 2010. He also served as a member of Special Committee on Effective Regulation and the Emerging Market Advisory Council of the IIF. He also serves as a member of Fletcher School's Board of Overseers and Asian Advisory Group. Mr. Kang graduated from Dartmouth College and the Fletcher School of Law and Diplomacy.
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel. The Company's trademarked end products, "Pristine™" coals, are significantly more efficient, less polluting, more cost-effective, and provide more heat than untreated coal. The principal elements of the Company's pre combustion technology are based on well-proven science and tried-and-tested industrial components. The Company's clean coal technology may reduce some 90% of chemical pollutants from coal, including Sulfur and Mercury, thereby resolving emissions issues affecting coal-fired power plants.
For more information about Clean Coal Technologies please visit: www.cleancoaltechnologiesinc.com
In addition to historical information, this press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.
SOURCE Clean Coal Technologies, Inc.
Released November 5, 2013