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KSOE bags $1.4 billion ship orders in first 2022 deals

KSOE bags $1.4 billion ship orders in first 2022 deals

Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...

Korea to join Egypt’s 1st nuclear power plant project

Korea to join Egypt’s 1st nuclear power plant project

South Korea is set to participate in Egypt’s first nuclear power plant project built by Russia as a state-run Korea Hydro & Nuclear Power ...

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn

South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...

Energy-saving chips emerge as new battleground

Energy-saving chips emerge as new battleground

Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...

Korea’s DL Energy to expand US power plant business

Korea’s DL Energy to expand US power plant business

South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...

VR meetings with holograms, powered by metaverse startup DoubleMe

VR meetings with holograms, powered by metaverse startup DoubleMe

Come next year, attending meetings as a hologram version of yourself is set to become more common.Metaverse startup DoubleMe plans to commercialize ...

S.Korea to build solar power plants in Chile for $130 mn

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

Doosan aims to raise $1.3 bn in rights offering

Doosan aims to raise $1.3 bn in rights offering

Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Group’s subsidiary, agreed to raise 1.5 trillion won ($1.3 ...

Doosan sells E&C, closer to exiting self-rescue program

Doosan sells E&C, closer to exiting self-rescue program

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 ...

SK Ecoplant to start offshore wind power business

SK Ecoplant to start offshore wind power business

SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local win...

Doosan near completing self-rescue plan with E&C sale

Doosan near completing self-rescue plan with E&C sale

South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul...

Korea’s state electric companies to cease coal power generation by 2050

Korea’s state electric companies to cease coal power generation by 2050

State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...

Main opposition leads ruling party in poll ahead of 2022 election

Main opposition leads ruling party in poll ahead of 2022 election

A former top prosecutor, nominated as the South Korean main opposition party's presidential candidate last Friday, has widened his lead over the rul...

MBK's Lee listed among Forbes' power Asia businesswomen

MBK's Lee listed among Forbes' power Asia businesswomen

MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...

Race heats up in solid-state battery development

Race heats up in solid-state battery development

Global automakers and battery producers are accelerating the development of a next-generation electric vehicle battery, called an all-solid-state ba...

Plug-in hybrids a dying breed as carmakers favor battery EVs

Plug-in hybrids a dying breed as carmakers favor battery EVs

A plug-in hybrid electric vehicle (PHEV) was once touted as the next-generation automobile technology as such models carry the strengths of both a c...

Korea to require power plants to use more renewable energy resources

Korea to require power plants to use more renewable energy resources

South Korea plans to require domestic power companies to consume more renewable energy resources for electricity production. The move is a part of t...

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

South Korea-based heavy machinery and construction equipment maker Hyundai Doosan Infracore Co. has secured orders for 62 excavators in the Philippi...

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market

SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...

China power crisis, US tightening chill sentiment on Korea IT sector

China power crisis, US tightening chill sentiment on Korea IT sector

Sentiment on the South Korean IT sector has deteriorated on rising US interest rates and a severe shortage of electricity in China. The 10-year US T...

KT, Samsung Medical Center extend ties in building robot-driven hospitals

KT, Samsung Medical Center extend ties in building robot-driven hospitals

KT Corp. and Samsung Group’s medical facility Samsung Medical Center (SMC) have made another step forward in creating a next-generation hospit...

Hanwha seeks more M&A targets: Group’s heir apparent

Hanwha seeks more M&A targets: Group’s heir apparent

Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of acquisitions in recent ye...

Taihan Cable lands $36 mn US infrastructure deal ahead of LA Olympics

Taihan Cable lands $36 mn US infrastructure deal ahead of LA Olympics

South Korea’s oldest electric wire maker Taihan Cable & Solution Co., formerly known as Taihan Electric Wire Co. until under IMM PE’...

KOGAS, Hanwha-led group to build Vietnam LNG power plant

KOGAS, Hanwha-led group to build Vietnam LNG power plant

Korea Gas Corp. (KOGAS) and Hanwha Energy Corp.-led group was set to build a $4.8 billion liquefied natural gas (LNG) power plant in Vietnam that is...

Father of Krafton's PUBG eyes the expansion of games

Father of Krafton's PUBG eyes the expansion of games

In September 2020, Krafton Inc.’s blockbuster game PlayerUnknown’s Battlegrounds (PUBG) hit a major roadblock. India prohibited Chinese ...

KSOE in $1.4 billion deal to build 8 methanol-powered ships for Maersk

KSOE in $1.4 billion deal to build 8 methanol-powered ships for Maersk

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said on Tuesday it has won a 1.65 trillion won ($1.42 billion) order to build eight methano...

MBK Partners to sell Doosan Machine Tools for $2.1 bn

MBK Partners to sell Doosan Machine Tools for $2.1 bn

MBK Partners, a North Asia-focused private equity firm, agreed to sell South Korean Doosan Machine Tools at $2.1 billion to the country’s DTR ...

Doosan Infracore expands Middle East market share with more orders

Doosan Infracore expands Middle East market share with more orders

Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, secured more orders in the Middle East where rising c...

LG Chem to power China battery plants with 100% renewable energy

LG Chem to power China battery plants with 100% renewable energy

South Korea’s LG Chem Ltd. says it is powering its two battery component plants in China with 100% renewable energy purchased from Chinese p...

Google’s in-app billing system ignites power play among Korean regulators

Google’s in-app billing system ignites power play among Korean regulators

South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy road due to power pla...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

Doosan Skoda Power

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