South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a consortium of domestic financial investors for 138 billion won ($116 million).The stake sale will likely bring the conglomerate's self-rescue prog
(Courtesy of Samsung Engineering) Shares in Samsung Engineering Co., a leading South Korean plant builder, have skyrocketed about 90% year to date, far outstripping the average rise of 28% of domestic construction companies during the same period.In particular, the bulk of the gains in Samsung
South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid to join a handful of countries with advanced aerospace technology capable of sending at least a 1.5-ton satellite into orbit.The Korean Satellite Laun
Hyundai CE's 120-ton excavator model, R1250. The surging demand for raw materials around the world are driving sharp sales rebounds of South Korea’s two leading equipment makers Hyundai Construction Equipment Co. (Hyundai CE) and Hyundai Doosan Infracore Co. this year. The two units under
Korean conglomerates bet big on hydrogen In 2009, battery makers were barely on the radar in South Korea when it comes to stock investment. Back then, the rechargeable battery industry was just burgeoning.Some smart investors, however, began to amass stocks like LG Chem Ltd., which in that year