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Posco International, the trade and resources development arm of Posco, said on July 14 it sent some 30 executives and employees to Papua, Indonesia, for medical volunteer work. Together with 30 medi...
Samsung Heavy Industries said on July 11 that it has clinched a deal worth 147 billion won ($124 million) to build two crude carriers. Under the deal with a Panamanian shipping firm, Samsung Heav...
Doosan Infracore said on July 11 it has opened an engine training center in Vietnam to expand its presence in the Southeast Asian market. The center in Ho Chi Minh will provide services, includin...
Samsung Heavy Industries said on July 11 it will build a research and development facility to boost its competitiveness in technologies related to liquefied natural gas. The shipbuilder said it h...
LG Chem will try to quintuple its electric vehicle battery business by 2024, the company’s CEO said on July 9. CEO Shin Hak-cheol said the company is targeting 59 trillion won ($49.9 billion) in ...
South Korea maintained the top spot in global shipbuilding orders for the second straight month last month, industry data showed on July 9. In June, local shipyards won orders totaling 340,000 co...
The Korea Electric Power Corp. plans to sell stake in its two affiliates, officials at the state-run utility company said on July 8, in a bid to improve its financial status. The two affiliates a...
Samsung Heavy Industries said July 8 it has successfully built the world’s largest container vessel. The shipbuilder said one of the six 23,000 20-foot equivalent unit-class container ships order...
Hanjin Heavy Industries & Construction, a midsize shipbuilding and construction company in South Korea, said on July 4 it has signed a strategic partnership with a Filipino builder to win infrastruct...
Hyundai Glovis said on July 4 it has expanded sales network in India to strengthen its presence in the emerging market. The company has recently set up sales offices in the northern Indian city o...
SoftBank CEO Masayoshi Son, also known as Son Jeong-Ui in South Korea, will visit Seoul on July 4 and meet with heads of conglomerates including Samsung Group’s Lee Jae-young, local media reported on...
South Korea’s major conglomerates hold property assets worth 40 trillion won ($34.16 billion) with Lotte leading the list, CEO Score, a website that analyzes Korean conglomerates, said on July 3. Ac...
Korean Air said on July 3 it will open four new routes to China and the Philippines later this year to better serve customers. The national flag carrier plans to begin services on routes from Inc...
Hyundai Heavy Industries Group said on July 2 it has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering...
South Korea’s Trade Ministry said on July 1 it will deal sternly with a move by Japan to tighten the rules for exports of semiconductor and display materials to Seoul, voicing regrets over the Japane...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 19, 2021
