Seoul redevelopment project
Scope
Date
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Advertising & Marketing
S.Korea to host Asia's largest advertising festival for 1st time since 2007
Seoul in October will host Asia's largest advertising festival AdAsia. The organizers of this year's event aim to host more than just a conference a...
Mar 15, 2023 (Gmt+09:00)
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Automobiles
Governor of Louisiana visits Kumho Tire HQ in Seoul
South Korea's leading tire manufacturer Kumho Tire Co., Inc. announced on Monday that Louisiana Governor John Bel Edwards visited its headquarters i...
Mar 14, 2023 (Gmt+09:00)
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Electric vehicles
SK Networks renames its EV charger unit to SK Electlink
SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, said on Monday that it has changed t...
Mar 13, 2023 (Gmt+09:00)
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Food & Beverage
Nongshim lands deal to export smart farms to Saudi Arabia
South Korea's food and beverage giant Nongshim Co. will export smart farms to Saudi Arabia, following a similar deal with the United Arab Emirates (...
Mar 13, 2023 (Gmt+09:00)
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Banking & Finance
BC Card signs contracts for Indonesia's digital payment project
BC Card Co., a South Korean credit card company, said on Friday it has signed two contracts to provide digital payment services for Indonesia’...
Mar 10, 2023 (Gmt+09:00)
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Petrochemicals
Hyundai E&C consortium breaks ground on $7 bn S-Oil Shaheen project
A South Korean consortium led by Hyundai Engineering & Construction Co. has embarked on building 9.26 trillion won ($7 billion) petrochemical fa...
Mar 10, 2023 (Gmt+09:00)
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Construction
Daewoo E&C wins massive $790 million public project in Libya
South Korea's Daewoo Engineering & Construction Co. has landed a massive order from the General Electricity Company of Libya.Daewoo E&C on F...
Mar 10, 2023 (Gmt+09:00)
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Real estate
Number of commercial building transactions in Seoul hits all-time low
The number of commercial and office building transactions in Seoul hit an all-time low in January.Realty Planet, a big data-based commercial real es...
Mar 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Square’s Swiss unit joins EU quantum satellite project
A Swiss company owned by South Korea’s SK Square Co. has joined a European project to develop a quantum communications satellite, the company ...
Mar 09, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to build world’s 2nd-largest Ferris wheel in 2027
South Korea’s capital city Seoul will build the world’s second-largest Ferris wheel, the Seoul Ring, on a former landfill site by the en...
Mar 08, 2023 (Gmt+09:00)
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Energy
LG Energy Solution to collaborate on Jeju offshore wind power pilot project
LG Energy Solution Ltd. said on Wednesday that its subsidiary AVEL had signed an agreement with Korea South-East Power Co. (KOEN) and Tamra Offshore...
Mar 08, 2023 (Gmt+09:00)
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Carbon neutrality
S.Korea to establish voluntary carbon credit exchange
South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...
Mar 07, 2023 (Gmt+09:00)
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Business & Politics
Korea clears environmental hurdle for new Jeju airport
South Korea’s environment ministry conditionally approved the construction of a new airport on Jeju Island with a 6.7 trillion won ($5.2 billi...
Mar 07, 2023 (Gmt+09:00)
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Robotics
Korea's SK Telecom jointly develops AI patrol robots
SK Telecom Co., along with its partner firms, will develop artificial intelligence (AI) robots that will replace security guards patrolling around s...
Mar 07, 2023 (Gmt+09:00)
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Food & Beverage
US burger giant Five Guys set for June S.Korea debut
Five Guys, one of the top three burger brands in the US, will open in June its first branch in South Korea in Seoul’s posh Gangnam District. W...
Mar 07, 2023 (Gmt+09:00)
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Food & Beverage
Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business
SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...
Mar 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Mar 03, 2023 (Gmt+09:00)
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Construction
Daewoo E&C completes Algerian power plant project amid pandemic
Daewoo Engineering & Construction Co., one of South Korea’s leading builders, said on Friday that it has completed an $830 million gas-fir...
Mar 03, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems begins developing active protection system for combat vehicles
South Korea's defense and IT service company Hanwha Systems Co. will develop core technology for an active protection system (APS), or state-of-the-...
Mar 03, 2023 (Gmt+09:00)
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Cloud computing
Korea's Innogrid wins contract for open cloud platform project
Innogrid Co., a South Korean company specializing in cloud computing and digital transformation, said on Thursday that it secured a three-year deal ...
Mar 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to show off total smart factory solutions at trade show
LG Uplus Corp., a mobile telecom service carrier in South Korea, announced on Tuesday that it would present a complete set of smart factory solution...
Feb 28, 2023 (Gmt+09:00)
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Waste management
SK Ecoplant to establish virtuous cycle ecosystem for waste resources
SK Ecoplant Co., a subsidiary of South Korea's SK Group that focuses on recycling, construction and renewable energy, announced on Tuesday a busines...
Feb 28, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Brain to launch investment fund for AI startups
Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., said on Sunday it plans to set up a fund of up to 10 billion ...
Feb 27, 2023 (Gmt+09:00)
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Energy
POSCO International, Pertamina win gas exploration rights off Indonesia
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday ...
Feb 23, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's EuBiologics to receive support from Gates Foundation
South Korea's biopharmaceutical company EuBiologics Co. announced on Wednesday that its meningococcal pentavalent conjugate vaccine EuMCV5 under dev...
Feb 23, 2023 (Gmt+09:00)
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Future mobility
S.Korea's UAM project finalizes list of 46 participating companies
Forty-six companies in South Korea including three in mobile telecommunications are participating in the Korean-style urban air mobility (UAM) demon...
Feb 23, 2023 (Gmt+09:00)
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Hydrogen economy
Hyundai Heavy to develop core technology for seawater electrolysis system
Hyundai Heavy Industries Co. signed a business agreement for jointly developing seawater electrolysis system core technology at the Korea Institute ...
Feb 22, 2023 (Gmt+09:00)
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Future mobility
Daewoo E&C, Jeju Air kick off K-UAM Grand Challenge phase 1 project
Daewoo Engineering & Construction Co. and Jeju Air Co. have teamed up to participate in the Korean urban air mobility (K-UAM) project. The two c...
Feb 22, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KTS secures contract for LS Cable's undersea cable construction project
KT Submarine Co. (KTS), a South Korean undersea cable construction company, said on Tuesday that it signed a contract with LS Cable & System Ltd...
Feb 22, 2023 (Gmt+09:00)
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Logistics
CJ Logistics opens office in Poland to beef up European business
CJ Logistics said on Tuesday that it has opened an office in Wroclaw, Poland’s largest industrial city located in the southwest, as part of th...
Feb 21, 2023 (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