Lotte Enginering Construction
Scope
Date
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Capital raising
Lotte E&C, Meritz Securities conclude $1.2 billion investment deal
Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...
Jan 10, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Lotte Chem to raise sales 65% with more advanced materials
LAS VEGAS -- South Korea’s Lotte Chemical Corp. seeks to ramp up sales 65% in nearly 30 years by increasing production of advanced materials, ...
Jan 09, 2023 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $1.3 bn order to build ethylene plant in Qatar
South Korea's Samsung Engineering Co. said on Jan. 9 it has signed a 1.6 trillion won ($1.3 billion) contract to build the world's largest ethylene ...
Jan 09, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE to develop large-capacity fuel cells with Europe's research center
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Co., has decided to develop fuel cells for mar...
Jan 09, 2023 (Gmt+09:00)
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Metaverse
Lotte showcases metaverse shopping pavilion at CES 2023
Sitting on a chair, people with head-mounted displays enter a virtual world where they can choose their preferred avatars.Through these avatars, the...
Jan 09, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Samsung to launch its first robot to assist with elderly care
Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...
Jan 08, 2023 (Gmt+09:00)
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Food & Beverage
Lotteria launches renewed soybean-based meat burger
Lotteria, South Korea's fast food franchise run by Lotte GRS, launched "Ria Miracle Burger II" with 100% plant-based patties using soy protein.It is...
Jan 06, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
Lotte Chemical to take part in CES for first time
South Korea's Lotte Chemical Corp. for the first time will take part this month in CES, the world's largest information technology and home applianc...
Jan 04, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai to consider EV assembly plant in Saudi Arabia
Hyundai Motor Group, South Korea’s top automaker, plans to consider building an assembly plant for electric vehicles and internal combustion e...
Jan 01, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung starts building 4th semiconductor plant in Pyeongtaek
The world's largest DRAM supplier Samsung Electronics Co. is accelerating its move to expand production capacities at its manufacturing complex in P...
Dec 27, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries lands $1.5 bn deal for offshore plant order
South Korean shipbuilder Samsung Heavy Industries has bagged a $1.5 billion order to build an offshore plant from an Asian shipper, the company reve...
Dec 23, 2022 (Gmt+09:00)
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Energy
Hyundai Heavy Industries Group develops dual LNG-hydrogen engine
Hyundai Heavy Industries (HHI) Group has developed South Korea's first hybrid engine that uses liquefied natural gas (LNG) and hydrogen.The group's ...
Dec 23, 2022 (Gmt+09:00)
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Future mobility
Lotte mulls building transit hubs in retail stores for air taxis, drones
South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...
Dec 22, 2022 (Gmt+09:00)
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Retail
Lotte Mart opens 50th Indonesian store in Serpong
Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...
Dec 22, 2022 (Gmt+09:00)
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Future mobility
Hyundai Mobis, Ottopia tie up for remote mobility tech
Hyundai Mobis Co., the world’s sixth-largest automotive part supplier, and Israeli teleoperation startup Ottopia Technologies Ltd. have joined...
Dec 21, 2022 (Gmt+09:00)
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Entertainment
Hanwha Hotels&Resorts signs MOU with Mohegan Inspire
Hanwha Hotels & Resorts Co. announced on Tuesday that it signed with Mohegan Inspire Entertainment Resort a memorandum of understanding (MOU) fo...
Dec 21, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor's compact SUV Kona gets bigger
Hyundai Motor Co. on Tuesday unveiled the new design of its compact SUV the new "all-new Kona."The all-new Kona is a second-generation model being i...
Dec 20, 2022 (Gmt+09:00)
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Bio & Pharma
Bigsome Bio signs tech transfer agreement with university
Bigsome Bio, a subsidiary of Lotte Chilsung Beverage, has begun research on functional materials for respiratory health.The company said on Friday t...
Dec 20, 2022 (Gmt+09:00)
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Machinery
S.Korea's LS Mtron opens center to reinforce global logistics
LS Mtron, the heavy machinery and advanced parts-making unit of South Korea's LS Group, on Monday said it completed the LS Mtron Parts and Solution ...
Dec 19, 2022 (Gmt+09:00)
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Leadership & Management
Technocrats dominate major Korean companies’ leadership
Technocrats dominated the management of South Korea’s top 10 business groups, as technical specialists with deep understanding of business too...
Dec 19, 2022 (Gmt+09:00)
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Banking & Finance
KEXIM to provide $1.2 bn project financing for Indonesian refinery project
The Export-Import Bank of Korea (Eximbank) announced on Friday that it has signed a $1.2 billion project financing agreement with the Indonesian sta...
Dec 16, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE joins race to buy marine engine maker STX Heavy Industries
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Ind...
Dec 15, 2022 (Gmt+09:00)
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ESG
SK Ecoplant earns AA grade for FTC's voluntary compliance program
South Korea's construction engineering company SK Ecoplant Co., Ltd. is accelerating its environmental, social, and governance (ESG) management effo...
Dec 14, 2022 (Gmt+09:00)
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Artificial intelligence
ESTsoft completes construction of studio dedicated to AI virtual humans
South Korea's application software developer ESTsoft Corp. said on Tuesday that it has built a dedicated studio in its headquarters in Seoul's Gangn...
Dec 14, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Doosan Infracore to supply engines for K2 tanks bound for Poland
Hyundai Doosan Infracore Co., a South Korean construction equipment company, said on Tuesday it has signed a 180 billion won ($138 million) contract...
Dec 13, 2022 (Gmt+09:00)
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Batteries
Lotte Aluminum signs $795 mn contract for cathode foil raw materials
Lotte Aluminum, a manufacturer of cathode foils for secondary batteries in South Korea, announced on Monday that it has signed a long-term purchase ...
Dec 13, 2022 (Gmt+09:00)
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Research & Development
LG Group seeks future growth engines with new R&D units
LG Group, South Korea’s fourth-largest conglomerate, set up new research and development units at key affiliates to seek future growth engines...
Dec 12, 2022 (Gmt+09:00)
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Carbon neutrality
POSCO, Malaysia’s Petros to join forces on carbon capture business
POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, said on Monday it has joined forces with Malaysia’s ener...
Dec 12, 2022 (Gmt+09:00)
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Food & Beverage
S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia
Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...
Dec 08, 2022 (Gmt+09:00)
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Arts
Lotte Department Store hosts Alfie Caine's first solo exhibition in Asia
Lotte Department Store on Wednesday said it will hold the first solo exhibition in Asia by Alfie Caine, a British artist who is emerging as a star o...
Dec 08, 2022 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet