Abu Dhabi National Oil Co.
Scope
Date
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Petrochemicals
DL E&C, KBR to co-work for SAF project
South Korea’s DL E&C Co. announced on Wednesday that it signed a feasibility study contract with Kellogg Brown & Root (KBR) Inc., the ...
Dec 13, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders shrug off concerns over lower new ship prices
South Korean shipbuilders shrugged off concerns of an industry peak-out boosted by the first fall of new vessel prices in 45 weeks and lower used sh...
Dec 12, 2023 (Gmt+09:00)
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North Korea
Kim Jong Un urges women to be good comrades — and give birth
SEOUL—Kim Jong Un has a new mission for North Korean women: Have more babies.Kim acknowledged the impoverished nation’s plunging bi...
Dec 07, 2023 (Gmt+09:00)
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Food & Beverage
Lotte Chilsung, E&J Gallo to jointly boost soju sale in US
South Korea’s Lotte Chilsung Beverage Co. announced on Tuesday that it partnered with the world's largest winery E&J Gallo to expand its...
Dec 05, 2023 (Gmt+09:00)
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Fashion
Hyungji, Dishang Group to co-work for market development
South Korea’s Fashion Group Hyungji and China’s largest clothing exporter Dishang Group signed a memorandum of understanding (MOU) to te...
Dec 05, 2023 (Gmt+09:00)
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Executive reshuffles
Samsung sets up future business planning unit, keeps co-CEO system
Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, is creating a new division tasked with working out future ...
Nov 27, 2023 (Gmt+09:00)
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Energy
SK Earthon starts shipping crude oil from South China Sea
SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil...
Nov 22, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korean aerospace firms to co-work for SLV
South Korea's aerospace companies will collaborate to secure launch vehicle technology for small satellites weighing less than 500kg. The Sou...
Nov 21, 2023 (Gmt+09:00)
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Hydrogen economy
Hanyang, Air Products to co-work for green ammonia
South Korea's Hanyang Corporation announced on Thursday it signed a memorandum of understanding (MOU) with the US industrial gas company Air Product...
Nov 16, 2023 (Gmt+09:00)
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Energy
South Korea’s SK Earthon discovers crude oil offshore Vietnam
SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., said on Thursda...
Nov 16, 2023 (Gmt+09:00)
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Asset management
Fed rate likely to be 2-4% over next decade: Oaktree's Howard Marks
Investors are experiencing the third “sea change,” facing the Federal Reserve’s rate hikes and its impact on economies and busines...
Nov 15, 2023 (Gmt+09:00)
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The KED View
WeWork vs Starbucks as workspace in South Korea
In 2019, WeWork’s business model underwent a reality check.Its application for an initial public offering the same year was met with investor ...
Nov 14, 2023 (Gmt+09:00)
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Petrochemicals
Saudi Aramco’s $7 bn Korea project mired by labor shortage
Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...
Nov 10, 2023 (Gmt+09:00)
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Batteries
POSCO Holdings to secure lithium from oil-field brine in Canada
South Korea's POSCO Holdings Inc. announced on Wednesday it signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) in Seou...
Nov 08, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea tops global shipbuilding orders in October, surpassing China
South Korean shipbuilders won the most shipbuilding orders worldwide in October 2023. The country overtook China and claimed the lead in the global ...
Nov 07, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Neowiz, SK Hynix to team up for global marketing
South Korean game developer Neowiz announced on Friday it has signed a memorandum of understanding (MOU) with SK Hynix Inc. for global marketing col...
Nov 03, 2023 (Gmt+09:00)
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Leadership & Management
Ex-Kumho Petrochemical chair returns as Kumho Mitsui co-CEO
Park Chan-koo, former chairman of South Korea’s Kumho Petrochemical Group, has returned to the top position of Kumho Mitsui Chemicals Inc. as ...
Nov 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HMM expands bulk carrier fleet for stable profit
HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...
Nov 02, 2023 (Gmt+09:00)
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Carbon neutrality
SK Innovation, ENEOS to co-work for low-carbon energy
SK Innovation Co. said on Wednesday it will bolster its alliance with Japan's largest petroleum refiner ENEOS. This decision builds on their histor...
Nov 01, 2023 (Gmt+09:00)
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Chemical Industry
S.Korea's SKC to sell fine ceramic business for $270 mn
South Korea's SKC Ltd. announced on Tuesday it will sell the fine ceramics business of its subsidiary SK enpulse, a semiconductor materials investme...
Oct 31, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Oct 31, 2023 (Gmt+09:00)
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Earnings
S-Oil basks in hefty Q3 profit, expects strong winter demand
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., said on Monday it swung to a net profit in the third quarter from a loss the year earli...
Oct 30, 2023 (Gmt+09:00)
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E-commerce
SK Square in talks with Qoo10 for joint management of 11Street
SK Square Co., the investment management arm of SK Group, is in talks with Qoo10 Pte. to merge its e-commerce subsidiary 11Street with the Singapore...
Oct 27, 2023 (Gmt+09:00)
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Chemical Industry
SK Geo Centric to supply recycled plastic materials to Amcor
SK Geo Centric Co., a South Korean petrochemical company, announced on Thursday it has entered into an agreement to supply recycled plastic material...
Oct 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia
RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...
Oct 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai partners with University of London for African market strategy
Hyundai Motor Group announced on Friday its plan to establish two research centers in conjunction with the University of London (UoL) to delve int...
Oct 20, 2023 (Gmt+09:00)
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Chemical Industry
SK Chemicals, Estée Lauder to co-work for eco-friendly packaging
South Korea's SK Chemicals Co. announced on Tuesday a partnership with Estée Lauder, the leading global cosmetics brand, to integrate circula...
Oct 17, 2023 (Gmt+09:00)
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Energy
Dana Petroleum discovers new gas field in North Sea
Dana Petroleum, wholly owned by state-run Korea National Oil Corp. (KNOC), has discovered a new high-quality gas field in the North Sea, KNOC said o...
Oct 16, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's DuChemBio localizes core materials of radiopharmaceuticals
South Korea's DuChemBio Co. announced on Thursday that it has obtained final approval for a recovery and purification facility for oxygen-18 concent...
Oct 12, 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)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess