construction sector
Scope
Date
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Construction & Planning
US tops Korea’s overseas construction orders in 2023
South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...
Jan 08, 2024 (Gmt+09:00)
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Construction
HD Hyundai Construction, Infracore to use integrated machinery platform
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...
Dec 26, 2023 (Gmt+09:00)
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Real estate
ESR KendallSquare REIT leads Korean logistics sector
ESR KendallSquare REIT, overseeing 18 advanced logistics centers across South Korea, adeptly handled challenges in the real estate sector this year....
Dec 25, 2023 (Gmt+09:00)
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Construction
DL E&C’s 1915 Çanakkale Bridge named Project of the Year
South Korea’s DL E&C Co. announced on Wednesday that 1915 Çanakkale Bridge in Türkiye, completed by the company, received th...
Dec 20, 2023 (Gmt+09:00)
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Economy
Korean overseas direct investment at 2 1/2-year low in Q3
South Korea’s direct investment in other countries fell for a fourth straight quarter to its smallest level in two and a half years, despite a...
Dec 15, 2023 (Gmt+09:00)
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Machinery
Saudi Arabia partners with Korea's LS to spur non-petrochem sectors
South Korean conglomerate LS Group and the government of Saudi Arabia will jointly seek business opportunities in a number of non-petrochemical sect...
Dec 12, 2023 (Gmt+09:00)
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Corporate strategy
Samsung launches new growth engine control tower at mobile division
Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, has created a business control tower within its Digital eX...
Dec 11, 2023 (Gmt+09:00)
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Batteries
Hanwha to boost battery production equipment business
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...
Dec 04, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to build huge two-ring Ferris wheel for $700 mn
The Seoul Metropolitan Government on Sunday unveiled the design of a Ferris wheel, tentatively named Seoul Twin Eye, which it plans to complete by 2...
Dec 04, 2023 (Gmt+09:00)
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Petrochemicals
Kumho Petrochemical accelerates CCUS push with CO2 capture plant
Kumho Petrochemical Co., South Korean petrochemical major, is accelerating its inroads into the carbon capture, utilization and storage (CCUS) marke...
Dec 03, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan unveils hydrogen fuel cell systems for buildings
South Korea's Doosan Corp. on Friday announced the development of hydrogen polymer electrolyte membrane fuel cell (H2-PEMFC) systems for buildings a...
Dec 01, 2023 (Gmt+09:00)
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Batteries
POSCO completes construction of Korea’s 1st lithium hydroxide plant
POSCO Holdings Inc., the investment and holding company of South Korea’s steel giant POSCO, said on Wednesday it has completed the constructio...
Nov 29, 2023 (Gmt+09:00)
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Construction
HD Hyundai taps RCE to go global with used heavy machinery
HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...
Nov 29, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to spur generative AI service for new growth: CEO
LG Uplus Corp., a leading mobile carrier in South Korea, is accelerating its generative artificial intelligence business as a new growth driver amid...
Nov 28, 2023 (Gmt+09:00)
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Aerospace & Defense
Korean defense sector to offset semiconductor downturn: FT
South Korea’s defense sector is enjoying booming demand from countries across the world that are cutting their reliance on Russian weapons, of...
Nov 27, 2023 (Gmt+09:00)
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Bio & Pharma
Korea to invest $200 mn in new drugs, vaccines by 2028
South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...
Nov 24, 2023 (Gmt+09:00)
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Leadership & Management
Hyundai Motor Group to replace heads of auto parts, steel units
Hyundai Motor Group, the world’s third-largest automaker, is set to replace the heads of its auto parts and steel-making affiliates in an earl...
Nov 16, 2023 (Gmt+09:00)
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Construction
HD Hyundai Infracore to sell excavator in dept. store
South Korea's HD Hyundai Infracore Co. will sell excavators at a department store for the first time in the domestic construction equipment indust...
Nov 15, 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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Economy
KDI cuts Korea growth forecasts, ups inflation predictions
A South Korean government think tank has cut its growth forecast in Asia’s fourth-largest economy for this year and next but raised inflation ...
Nov 09, 2023 (Gmt+09:00)
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Retail
S.Korea's Emart24 to sell prefabricated house
South Korea’s convenience store chain Emart24 partnered with YMK Construction to launch an innovative range of prefabricated houses, a first i...
Nov 08, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Volvo Trucks celebrate 5th year of cooperation
South Korea's Samsung SDI Co. and global commercial vehicle manufacturer Volvo Trucks held a commemorative event to discuss the expansion of their p...
Nov 07, 2023 (Gmt+09:00)
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Banking & Finance
DGB partners with Vietnamese IT company
South Korea's DGB Financial Group announced on Monday it signed a business agreement with the global IT company FPT Software at the FPT Group headqu...
Nov 06, 2023 (Gmt+09:00)
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Batteries
Ecopro to develop lithium mine in Nevada with Australian firm
South Korean battery materials maker EcoPro Co. announced on Wednesday its subsidiary EcoPro Innovation signed a memorandum of understanding (MOU) w...
Nov 01, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT to develop smart city in Indonesia's new capital
South Korea's KT Corp. plans to apply smart city technologies such as quantum communication and cybersecurity to Nusantra, the new administrative ca...
Nov 01, 2023 (Gmt+09:00)
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Carbon neutrality
SK Group to step up renewable energy push in Vietnam
SK Group will strengthen its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste...
Oct 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec to launch new business with startup: LG NOVA head
SAN FRANCISCO – LG Electronics Inc. will set up a new business entity focusing on some of its new growth pillars — digital healthcare, c...
Oct 26, 2023 (Gmt+09:00)
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Cloud computing
S.Korean public sector's ICT systems to fully convert to cloud
South Korea’s public sector, barring extenuating circumstances, will build its information and communications (ICT) systems in private clouds ...
Oct 25, 2023 (Gmt+09:00)
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Artificial intelligence
Nvidia invests in Korean generative AI startup Twelve Labs
Nvidia Corp., a global chip designer, made its first investment in a South Korean generative artificial intelligence startup as Big Tech companies G...
Oct 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver secures $100 mn digital twin project in Saudi Arabia
South Korea's dominant web portal giant Naver Corp. has won a contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal a...
Oct 24, 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