construction sector
Scope
Date
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Artificial intelligence
42Maru builds defense-specialized GenAI platform
42Maru, South Korea's generative AI and language AI startup said on Friday that it was selected as the lead organization for the Defense Technolog...
Sep 20, 2024 (Gmt+09:00)
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Energy
KEPCO, Burns & McDonnell to cooperate on power grid projects
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...
Sep 10, 2024 (Gmt+09:00)
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Energy
SK E&S creates value chain from FPSO, gas field project to carbon capture
SINGAPORE – At Seatrium Admiralty Yard on Jurong Island, southwest of Singapore, some 2,000 workers are busy welding gas pipes and doing other...
Sep 10, 2024 (Gmt+09:00)
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Pension funds
S.Korea's NPS opens fourth overseas office in Silicon Valley
South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on Septembe...
Sep 06, 2024 (Gmt+09:00)
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Korean stock market
Korea Investment Management to launch two India-focused ETFs
Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...
Sep 05, 2024 (Gmt+09:00)
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Food & Beverage
Samyang to cement lead in South Korean allulose market
Samyang Corp., a 100-year-old South Korean chemical and food ingredient-manufacturer, is poised to cement its leadership in the Korean allulose mark...
Sep 04, 2024 (Gmt+09:00)
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Construction
Shinsung E&G to supply 12MW solar modules to Ssangyong E&C
South Korean company Shinsung E&G said on Monday that it signed a contract to supply Ssangyong E&C with 12MW of solar modules. This marks ...
Sep 03, 2024 (Gmt+09:00)
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Automobiles
Hyundai unseats Volvo as No. 1 truck brand in Korea
Hyundai Motor Co. has unseated construction truck leader Volvo in South Korea for the first time, driven by its flagship Xcient Pro model that sent ...
Sep 02, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia
Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongya...
Aug 28, 2024 (Gmt+09:00)
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Real estate
Korea Investment, Sinar Mas to build data center in Indonesia
Korea Investment Real Asset Management Co. and Indonesian conglomerate Sinar Mas have set up a joint venture to build a hyperscale data center in a ...
Aug 27, 2024 (Gmt+09:00)
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Hydrogen economy
HD KSOE buys Finnish fuel cell maker Convion for $81 mn
HD Hydrogen, a unit of HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), has acquired Convion Ltd, a Finnish hydrogen fuel cell maker,...
Aug 26, 2024 (Gmt+09:00)
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Corporate strategy
LG to seek most of profit from new growth engines
LG Electronics Inc., the leading global home appliance maker, aims to generate most of its profit from future growth drivers by 2030 as the South Ko...
Aug 21, 2024 (Gmt+09:00)
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Construction
HD Hyundai Infracore to supply construction equipment to Saudi Arabia
South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...
Aug 20, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Card tops S.Korea's EPG ranking for financial institutions
South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...
Aug 20, 2024 (Gmt+09:00)
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Economy
Vietnamese lead influx of foreign workers with Korean dream
On Aug. 31, 2004, 92 Filipinos, wearing T-shirts and white caps, entered Incheon International Airport determined to make money in South Korea and r...
Aug 19, 2024 (Gmt+09:00)
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Artificial intelligence
Naver Cloud takes the lead in Korea’s public AI business
South Korean online giant Naver Corp.'s cloud subsidiary is expanding its presence in the country’s public artificial intelligence market by w...
Aug 16, 2024 (Gmt+09:00)
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Corporate restructuring
Hanwha Aerospace to spin off non-core units for defense sector
Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, has decided to separate its non-core units to concentrate on the defen...
Aug 14, 2024 (Gmt+09:00)
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Economy
South Korea’s job growth rises in July led by elderly workers
South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...
Aug 14, 2024 (Gmt+09:00)
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Webtoons
Google to target global webtoon sector with Korean creators
BENGALURU – Google is teaming up with South Korean creators to target the global webtoon industry, spurring expectations that global Big Tech ...
Aug 13, 2024 (Gmt+09:00)
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Korean games
NCSOFT teams up with Vietnamese unicorn VGN to tap SE Asian market
South Korea’s gaming behemoth NCSOFT Corp. has set up a joint venture with Vietnamese tech unicorn VNG Corp. to tap into Southeast Asia starti...
Aug 08, 2024 (Gmt+09:00)
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Korean chipmakers
US to award SK Hynix up to $450 mn for Indiana chip complex
The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...
Aug 07, 2024 (Gmt+09:00)
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Energy
Hyundai Engineering gets Hillsboro solar power plant rights
South Korea's Hyundai Engineering Co. announced on Thursday that it acquired a 260 MW Hillsboro Solar Power Plant project from OCI Energy. This is H...
Aug 01, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $92 mn chemical plant project in Malaysia
South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...
Jul 29, 2024 (Gmt+09:00)
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Corporate restructuring
LG Display cuts vendors’ stakes, axes jobs for turnaround
LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, reduced stakes in its vendors while cut...
Jul 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE partners with University of Michigan to foster US ship engineers
South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...
Jul 23, 2024 (Gmt+09:00)
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Artificial intelligence
SK invests $200 mn in US AI cluster builder SMART Global
SK Telecom Co. said on Tuesday it has agreed to invest $200 million in SMART Global Holdings Inc. (SGH), a US artificial intelligence cluster builde...
Jul 16, 2024 (Gmt+09:00)
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Korean stock market
Korean stocks linked to a Trump victory soar after shooting
Investors in the South Korean stock market rushed to stocks seen as connected to former US President Donald Trump on Monday, such as construction, n...
Jul 15, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
Jul 11, 2024 (Gmt+09:00)
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Banking & Finance
Korea Eximbank provides $810 mn credit to Bangladesh
The Export-Import Bank of Korea (Eximbank) announced on Sunday that it will provide a credit of $810 million for the construction of the Karnaphuli ...
Jul 01, 2024 (Gmt+09:00)
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Korean chipmakers
South Korea sets sights on fostering EDA tech to win HBM chip war
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...
Jun 28, 2024 (Gmt+09:00)