GS ENTEC Corp.
Scope
Date
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Earnings
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...
Apr 30, 2024 (Gmt+09:00)
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Construction & Planning
Samsung, GS win $7.2 bn gas plant project in Saudi
South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...
Apr 03, 2024 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Energy
GAS Entec wins order for Indonesian offshore plant
South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...
Mar 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lotte puts Lotte Chemical Titan in Malaysia on market
Lotte Chemical Corp., South Korea’s No. 2 petrochemicals company, has embarked on the process of selling its Malaysian unit Lotte Chemical Tit...
Mar 06, 2024 (Gmt+09:00)
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Earnings
Korea’s GS offers dim outlook after weak earnings; stocks down
GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outloo...
Feb 14, 2024 (Gmt+09:00)
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Construction
GS E&C banned from new construction deals for 8 months
The South Korean government said on Thursday it has ordered GS Engineering & Construction Corp. (GS E&C) and four smaller builders to halt t...
Feb 01, 2024 (Gmt+09:00)
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Markets
S.Korean securities downgrades GS E&C’s investment opinion
Hyundai Motor Securities downgraded its investment opinion on GS Engineering & Construction Corp. (GS E&C) from "Buy" to "Market Perform" on...
Jan 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea Investment leads Mongolia Mortgage Corp.'s global bond issuance
Korea Investment & Securities Co. (KIS) announced on Tuesday its successful completion of the lead management for a $225 million global bond iss...
Jan 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Mobility's talks to acquire FreeNow in deadlock
Kakao Mobility Corp.’s ambition to go global has hit a roadbock after its parent group Kakao Corp. rejected its draft bid to buy Germany-based...
Dec 27, 2023 (Gmt+09:00)
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Banking & Finance
Korea Housing Finance Corp. opens New York office
Korea Housing Finance Corporation announced on Wednesday that it has opened a New York office to serve as a hub for its overseas fund procurement ac...
Dec 15, 2023 (Gmt+09:00)
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Executive reshuffles
Kakao taps venture capital unit head as new CEO to lead reform
Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...
Dec 13, 2023 (Gmt+09:00)
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Batteries
Hanwha to boost battery production equipment business
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...
Dec 04, 2023 (Gmt+09:00)
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Future mobility
Hyundai Motor's K-UAM One Team collaborates with Incheon
The "K-UAM One Team," an urban air mobility (UAM) consortium consisting of five companies, including Hyundai Motor, has announced that it signed a m...
Nov 09, 2023 (Gmt+09:00)
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Korean startups
Goldman Sachs lists Moloco CEO among exceptional entrepreneurs
Moloco Inc., a Silicon Valley-based ad-tech solution startup, said Wednesday that its co-founder and Chief Executive Ikkjin Ahn was named one of the...
Nov 09, 2023 (Gmt+09:00)
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Regulations
Korea's GS Caltex faces FTC probe into intra-group trading
The Korea Fair Trade Commission (FTC) has begun an investigation process for alleged intra-group transactions between GS Caltex Corp., the country&r...
Oct 13, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem, GS Caltex form eco-friendly materials alliance
LG Chem Ltd. and GS Caltex Corp. are accelerating their efforts in the eco-friendly bio-material business involving 3-hydroxypropionic acid (3HP). 3...
Oct 13, 2023 (Gmt+09:00)
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Energy
POSCO International, GS Caltex to build palm oil refinery in Indonesia
South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility ...
Oct 12, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to receive $1 bn in unpaid bills from Uzbek gas project
South Korean firms are poised to receive $1 billion in unpaid bill that has accumulated since 2017 from Uzbekistan’s Surgil gas project as the...
Sep 08, 2023 (Gmt+09:00)
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Banking & Finance
Bank of Korea appoints new senior deputy governor
The Bank of Korea announced on Friday that it has appointed Ryoo Sang-dae, the current vice president of Korea Housing-Finance Corp., as its new s...
Aug 11, 2023 (Gmt+09:00)
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ESG
LG 1st in South Korea’s ESG rankings for 2nd year
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, ranked No. 1 in the country’s environmental, social...
Aug 07, 2023 (Gmt+09:00)
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Construction
GS E&C faces heavy loss in Q2 due to apartment reconstruction plan
GS Engineering & Construction Co., South Korea’s major construction firm, posted a quarterly operating loss in the April-June period for t...
Jul 26, 2023 (Gmt+09:00)
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Energy
GS Entec signs deal with global offshore wind power developer
GS Entec, an energy equipment manufacturer under South Korea’s GS Global Corp., on Monday said it signed a memorandum of understanding with th...
Jul 25, 2023 (Gmt+09:00)
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Korean stock market
GS E&C loses $230 mn market capitalization in one day
GS Engineering & Construction Co.'s stock price plummeted on Thursday in the aftermath of the underground parking lot collapse. Following the Mi...
Jul 06, 2023 (Gmt+09:00)
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Airlines
Korean Air to use bio-jet fuel on international flights
Korean Air Lines Co. announced on Thursday that it will start operating bio-jet fuel flights in partnership with GS Caltex Corp., marking the first ...
Jun 29, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korean oil refiner GS Caltex accelerates advance into cosmetics biz
GS Caltex Corp., South Korea’s second-largest oil refiner, is expediting its advance into the cosmetics industry as part of its green transfor...
Jun 27, 2023 (Gmt+09:00)
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Retail
GS Retail sells unmanned serving robots in convenience stores
The artificial intelligence (AI) serving robot has been introduced to convenience stores for sale. The number of stores where the robot is being sol...
Jun 21, 2023 (Gmt+09:00)
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Rights offerings
CJ CGV seeks more fund from parent, stocks at 15-yr low
Shares of CJ CGV Co., South Korea’s top multiplex cinema chain, hit the lowest level since the 2008-09 global financial crisis on Wednesday as...
Jun 21, 2023 (Gmt+09:00)
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Tierone Corp.
Key facts Industry Injection molding & product development consultancy Mainstay products/services Injection molding with QDM, family...
Jun 16, 2023 (Gmt+09:00)
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Leadership & Management
Korea’s GS E&C holds first global HR conference in Mumbai
GS Engineering & Construction Co. announced on Friday that it recently held the “1st Global HR Leaders Conference” attended by chief...
Jun 16, 2023 (Gmt+09:00)