GS Engineering
Scope
Date
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Energy
Oil prices to remain high, petrochem a concern: GS Caltex CEO
GS Caltex Corp. Chief Executive Hur Sae-hong said on Monday he expects global oil prices, which remain elevated due to geopolitical tensions, won&rs...
Oct 17, 2022 (Gmt+09:00)
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Batteries
POSCO, GS Energy to launch $121 million battery recycling joint venture
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, and GS Energy Corp., the energy unit of GS Group, have agreed to...
Oct 06, 2022 (Gmt+09:00)
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Energy
LG Elec., GS EPS join forces to produce, use solar power in Korea
LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...
Sep 19, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, GS Energy to produce sheets for solar power
South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...
Sep 07, 2022 (Gmt+09:00)
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Samsung Group
Samsung Elec executive touts ‘significant progress’ in M&A efforts
BERLIN – Samsung Electronics Co. has made “significant progress” in the company’s merger and acquisition (M&A) efforts, ...
Sep 02, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai, Ultra Safe Nuclear sign micro reactor procurement agreement
Hyundai Engineering Co., the plant engineering and construction arm of Hyundai Motor Group, announced on Friday that it signed a framework agreement...
Aug 28, 2022 (Gmt+09:00)
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Artificial intelligence
Silicon Valley-based AI startup Allganize revs up to go public in Japan
Allganize Inc., a Silicon Valley-based artificial intelligence (AI) startup, recently announced the company will relocate some of its headquarters f...
Aug 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle, GS team up to buy Korean dental scanner maker
The Carlyle Group, a US private equity giant, has joined hands with South Korean energy-to-retail conglomerate GS Group to buy Medit Corp., the worl...
Aug 16, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS chosen design consultant for Indonesia's $38 bn smart city project
LG CNS Co., a South Korean major information technology service provider, is set to consult on the design of an Indonesian smart city project worth ...
Aug 08, 2022 (Gmt+09:00)
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Retail
Korea’s GS Retail fined $18.7 million over unfair dealings with contractors
South Korea’s antitrust regulator on Tuesday slapped GS Retail Co., a GS Group unit that operates the country’s second-largest convenien...
Aug 02, 2022 (Gmt+09:00)
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IPOs
Aramco-backed Hyundai Oilbank drops IPO on market downturn
Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...
Jul 21, 2022 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $680 mn gas plant project in Malaysia
Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...
Jul 13, 2022 (Gmt+09:00)
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Corporate investment
Samsung Eng. to invest in Vietnam for SE Asia water biz
Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...
Jun 30, 2022 (Gmt+09:00)
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Hydrogen economy
Hyundai Doosan Infracore to develop hydrogen engines for commercial use
Hyundai Doosan Infracore Co., a South Korean construction equipment company, said on June 26 that it will start a state-run project to develop hydro...
Jun 27, 2022 (Gmt+09:00)
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Electric vehicles
LG Electronics, GS acquire AppleMango to launch EV charging business
LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...
Jun 27, 2022 (Gmt+09:00)
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Aerospace & Defense
Rolls-Royce awards Hanwha Aerospace for trusted partnership
South Korea’s Hanwha Aerospace Co., has been chosen as one of the best partners of Rolls-Royce, the world’s leading aircraft engine ma...
Jun 21, 2022 (Gmt+09:00)
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Artificial intelligence
KAIST says its computation engine outperforms Google's, IBM's
Korea Advanced Institute of Science & Technology (KAIST), a prestigious South Korean university, unveiled an artificial intelligence computation...
Jun 20, 2022 (Gmt+09:00)
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Energy
Hyundai Engineering, USNC to build micro reactor in Canada
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, and Ultra Safe Nuclear Corp. (USNC)...
Jun 07, 2022 (Gmt+09:00)
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Aerospace & Defense
Arianespace to rival Space X with competitive quality and price
Arianespace SA, a global leading satellite launch company, uses its applications available from space, such as telecommunications, navigation and obse...
May 30, 2022 (Gmt+09:00)
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Batteries
LG Energy, SK On to raise yields with smart factory solutions
LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 electric vehicle battery makers, plan to adopt smart factory solutions to i...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hyundai to spend $30 bn on improving quality of combustion engine cars
Hyundai Motor Group will invest 63 trillion won ($50 billion) in its domestic businesses through 2025 to strengthen its competitiveness in electrifi...
May 25, 2022 (Gmt+09:00)
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Behind the Scenes
Why GS Group keeps debt-ridden, cash-guzzling affiliate afloat
GS Group, a South Korean energy-to-retail conglomerate, has an unlisted affiliate that the group largely keeps out of the public eye but is occasion...
May 19, 2022 (Gmt+09:00)
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Electronics
LG Display to nurture its own display experts at local graduate schools
LG Display Co. is joining other South Korean big companies in a race to foster their own talent by establishing relevant departments at prestigious ...
May 18, 2022 (Gmt+09:00)
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Future mobility
LG’s telecommunication unit joins UAM race in Korea
LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...
May 11, 2022 (Gmt+09:00)
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Korean SMEs
Korea’s SFA Engineering aims for top spot in smart factory market
SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...
May 09, 2022 (Gmt+09:00)
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Retail
GS Retail shares tumble as new services widen losses
Shares in South Korea's GS Retail Co. suffered their worst percentage fall in nearly five years on May 6, after the convenience store operator's fir...
May 08, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy's engine unit emerges as golden goose
Hyundai Heavy Industries Co., a South Korean shipbuilding giant, is seeing its marine engine business unit emerge as the company’s cash cow.Th...
May 02, 2022 (Gmt+09:00)
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Earnings
SK Innovation logs record profit in Q1 on strong refining biz
SK Innovation Co., South Korea’s top refiner, enjoyed the record quarterly earnings on strong crude prices and margins, joining the list of do...
Apr 29, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s LX Group seeks to acquire Magnachip Semiconductor
South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...
Apr 26, 2022 (Gmt+09:00)
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Artificial intelligence
SK Telecom’s bet on air mobility, metaverse in full display at World IT Show
SK Telecom Co. is poised to show off its latest services at this year’s World IT Show slated for three days from April 20. At the large...
Apr 18, 2022 (Gmt+09:00)