Korea Coal Corporation : Wikipedia, the free encyclopedia

Korea Coal Corporation

South Korean coal mining company

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Korea Coal Corporation

Native name	대한석탄공사 (Daehan Seoktan Gongsa)
Company type	State-owned corporation
Industry	Mining
Founded	November 1, 1950; 73 years ago (1950-11-01)
Headquarters	Gangwon State, Wonju , South Korea
Products	Coal
Website	kocoal.or.kr (in Korean and English)

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 Gangwon State, in Wonju.

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.

The mascot is Tandol.