Saudi-Ariabia construction project
Scope
Date
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Machinery
Hyundai Commercial to enter online used equipment auction business
Hyundai Commercial Inc., Hyundai Motor Group's vehicle financing arm, announced on Friday that it has signed a business agreement with HD Hyundai Co...
Apr 05, 2024 (Gmt+09:00)
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Construction & Planning
Hyundai Engineering, Trimble Solution to develop BIM
South Korea's Hyundai Engineering Co. announced on Wednesday that it partnered with Trimble Solution Korea to co-develop a building information mode...
Apr 04, 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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Automobiles
Tata Daewoo to build plant for producing trucks in Saudi Arabia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia.Tata Daewoo signed a ...
Apr 01, 2024 (Gmt+09:00)
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Tech, Media & Telecom
AhnLab to form joint venture with Saudi SITE
AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...
Apr 01, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Heavy wins record $463 million warship deal from Peru’s Navy
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Per...
Mar 29, 2024 (Gmt+09:00)
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Advertising & Marketing
HD Hyundai Develon wins iF Design Award
South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding ...
Mar 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung set to triple HBM output in 2024 to lead AI chip era
SILICON VALLEY – Samsung Electronics Co., the world’s largest memory chipmaker, will likely triple its high bandwidth memory (HBM) chip ...
Mar 27, 2024 (Gmt+09:00)
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Future mobility
Hyundai, Red Sea Global agree on EV, AAM projects in Saudi luxury resorts
South Korea’s top automaker Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Globa...
Mar 25, 2024 (Gmt+09:00)
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Retail
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...
Mar 22, 2024 (Gmt+09:00)
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Energy
SK Ecoplant, Vietnam’s BCGE tie up for 700 MW wind, solar projects
SK Ecoplant Co., a South Korean construction engineering and waste management company, said on Friday it has agreed with BCG Energy (BCGE), a wholly...
Mar 22, 2024 (Gmt+09:00)
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Energy
KOWEPO, France EDF to collaborate for UAE solar projects
Korea Western Power Co. (KOWEPO) announced on Friday that it has signed a United Arab Emirates (UAE) Khazna 1.5 GW Solar Project Bid Joint Developme...
Mar 22, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai vows to cut costs, seek shift toward SDVs as EV uptake slows
South Korea’s top automaker Hyundai Motor Co. has vowed to sharpen its electric vehicle price competitiveness through tech advancement and eff...
Mar 21, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix earmarks $91 bn to construct world's largest chip fab
SK Hynix Inc., the global No. 2 memory chipmaker, is slated to invest more than 120 trillion won ($90.7 billion) by 2046 to build the world’s ...
Mar 21, 2024 (Gmt+09:00)
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Fraud scandals
Korea fines Doosan Enerbility $12 mn for improper bookkeeping
South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...
Mar 20, 2024 (Gmt+09:00)
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Construction
HD Hyundai to supply 60 excavators to Sudan
South Korea's HD Hyundai Construction Equipment Co. announced on Wednesday that it recently signed a contract to supply 60 construction equipment un...
Mar 20, 2024 (Gmt+09:00)
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Energy
Hyundai E&C wins $132 mn biogas facility project
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...
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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Batteries
SK Ecoplant, TES to enter Japan’s battery recycling market
SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...
Mar 12, 2024 (Gmt+09:00)
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Real estate
Korean real estate firms put up for sale amid lasting market downturn
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies...
Mar 12, 2024 (Gmt+09:00)
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Energy
Doosan wins $114 mn Saudi power plant equipment order
Doosan Enerbility Co. said on Monday it has bagged an order worth 150 billion won ($114 million) to supply turbines and generators for two combined ...
Mar 12, 2024 (Gmt+09:00)
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Batteries
SK Signet builds system to enhance EV charger cybersecurity
SK Signet Inc., South Korea's electric vehicle (EV) charger manufacturer, announced on Tuesday that it has established an enhanced cybersecurity sys...
Mar 12, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to develop AI platform of S.Korean government
South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Sunday that it plans to develop a government-wide hyperscal...
Mar 11, 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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Energy
Hyundai E&C expands foreign alliances in pursuit of UK SMR project
Hyundai Engineering & Construction Co. (Hyundai E&C) has welcomed two British companies to its joint bid with US energy technology company H...
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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Energy
Lotte Chemical, CIP to join hands on ammonia projects
South Korea’s Lotte Chemical Corp. has reached a preliminary agreement with Copenhagen Infrastructure Partners (CIP) to purchase and sell blue...
Mar 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha seeks further legal action vs HD Hyundai amid Navy project rivalry
Hanwha Ocean Co., the world’s second-largest shipbuilder, is seeking new legal action against HD Hyundai Heavy Industries Co. over the bigger ...
Mar 05, 2024 (Gmt+09:00)
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Automobiles
Kumho Tire forges tech licensing agreement with Saudi's Blatco
Kumho Tire Co. announced on Monday that it signed a technology export contract with Saudi Arabia's Black Arrow Tire Co. (Blatco).Under the deal, Kum...
Mar 04, 2024 (Gmt+09:00)
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Energy
Taihan Cable develops 154-kV UHV submarine cable
South Korea's Taihan Cable & Solution Co. announced on Thursday that it has completed the development of a 154-kilovolt (kV) ultra-high-voltage ...
Feb 29, 2024 (Gmt+09:00)