SKC to spend $600 mn to build copper foil plant in Malaysia
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Date
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Real estate
Seoul landmark Donuimun D Tower put up for sale
South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 ...
Mar 11, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Heavy picks Philippines as Asian base for warship sales
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. (HHI) said on Thursday it has chosen the Philippines as its base for the sale of...
Mar 07, 2024 (Gmt+09:00)
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Energy
Taihan Cable to supply UHV network to Balfour Beatty
South Korea's Taihan Cable & Solution Co. announced on Thursday that it will supply an an ultra-high voltage (UHV) power network worth $38 mil...
Mar 07, 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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Steel
Hyundai Steel to resume steel production in Russia
South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...
Mar 06, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Aramco to team up to enter Saudi Arabia
South Korea’s online giant Naver Corp. announced on Wednesday that it signed an agreement with Aramco Digital, a subsidiary of the world's lar...
Mar 06, 2024 (Gmt+09:00)
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Logistics
Hyundai Movex to supply smart logistics for EcoPro BM Canada plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, announced on Wednesday that it signed a 20 bil...
Mar 06, 2024 (Gmt+09:00)
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Tech, Media & Telecom
CJ OliveNetworks, Qualcomm to team up for 5G network
South Korea's digital service company CJ OliveNetworks announced on Wednesday that it will collaborate with the US-based Qualcomm Technologies to ...
Mar 06, 2024 (Gmt+09:00)
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Energy
LS Eco Energy to supply UHV cables to Singapore's EMA
South Korea's LS Eco Energy Ltd. announced on Tuesday that its Vietnamese production subsidiary, LS-VINA, will supply 12 billion won ($8.99 million)...
Mar 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE reaches 50% of order target in two months
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Monday that it signed shipbuilding contr...
Mar 05, 2024 (Gmt+09:00)
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Electronics
LG Display to raise $971 mn in rights offering for OLED business
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, said on Monday it will raise 1.29 trillion won...
Mar 04, 2024 (Gmt+09:00)
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Private equity
IMM PE sells $135 mn Woori Financial shares in block deal
IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...
Mar 03, 2024 (Gmt+09:00)
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Energy
CSCEC, SK Ecoplant in $1.9 bn Egypt renewable energy deal
China State Construction Engineering Corp. (CSCEC), the world’s largest builder, and South Korea’s SK Ecoplant Co. are set to team up on...
Feb 29, 2024 (Gmt+09:00)
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Travel & Leisure
KTO, Orange Square to promote tourism for Japanese
The Korea Tourism Organization (KTO) and South Korea's Orange Square signed a business agreement on Thursday to encourage more spending by Japanese ...
Feb 29, 2024 (Gmt+09:00)
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Private equity
NH Investment launches $150 mn real estate fund
South Korea’s NH Investment & Securities Co. said on Wednesday it has launched a 200 billion won ($150 million) real estate fund for insti...
Feb 28, 2024 (Gmt+09:00)
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Korean SMEs
S.Korean boiler firms expand exports
Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...
Feb 27, 2024 (Gmt+09:00)
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Energy
Korea-led group wins Indonesia's power plant service deal
A consortium led by South Korean companies has bagged 130 billion won ($98 million) worth of an offshore plant service order from Indonesia under a ...
Feb 26, 2024 (Gmt+09:00)
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Machinery
POSCO International to build motor core plants in Poland, Mexico
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Monday it will build new trac...
Feb 26, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HD KSOE bags $1.1 bn order to build LNG carriers
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Monday it has secured a $1.08 billion con...
Feb 26, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha expected to sign $751 mn howitzer deal with Romania
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, is set to sign a 1 trillion won ($751 million) contract to s...
Feb 26, 2024 (Gmt+09:00)
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Energy
Hyundai E&C likely to win Bulgaria’s nuclear project
South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C) was picked as the preferred bidder for Bulgaria's new nuclear react...
Feb 26, 2024 (Gmt+09:00)
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Electronics
LG Innotek establishes $108 mn win-win growth fund
South Korea's LG Innotek announced on Friday that it held the 2024 Win-win Growth Partnership Day on the previous day.LG Innotek signed the 2024 Fai...
Feb 23, 2024 (Gmt+09:00)
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Retail
E-Mart to open first Korean supermarket chain in Laos
E-Mart Inc. said on Friday it will become the first South Korean supermarket company to open a chain store in Laos in its push to expand into Southe...
Feb 23, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean wins $257 mn for two VLCCs
South Korea's Hanwha Ocean Co. announced on Friday that it has won an order for two very large crude carriers (VLCCs) from a shipowner in Oceania, t...
Feb 23, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Chemical builds AI organizations
South Korea's Lotte Chemical Corp. announced on Thursday that it has established artificial intelligence (AI) organizations tailored to the characte...
Feb 22, 2024 (Gmt+09:00)
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Batteries
POSCO to build world's largest battery cathode plant cluster
GWANGYANG, South Jeolla Province -- POSCO Future M Co., a battery materials supplier, on Thursday broke ground on its fifth cathode materials ...
Feb 22, 2024 (Gmt+09:00)
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Logistics
CJ Logistics builds logistics center for Crocs
South Korea’s CJ Logistics announced on Thursday that it has established a global logistics center for the renowned shoe brand Crocs in Icheon...
Feb 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia aim to raise Indian sales after record output
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, aim to raise sales by 4.2% in India this year after logging record vehi...
Feb 22, 2024 (Gmt+09:00)
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Construction & Planning
SK Energy, PTC Korea team up for smart plant construction business
SK Energy Co., South Korea’s top oil refiner and energy company, said on Wednesday it has teamed up with PTC Korea Co. to jointly enter the gl...
Feb 21, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor Group in test run of dedicated EV plant in Korea
Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...
Feb 21, 2024 (Gmt+09:00)