Samsung signs wind turbine structure supply deal with Equinor

South Korea's Samsung Heavy Industries Co. said on Wednesday that it has signed an exclusive agreement with Norway's state-owned energy company Equi...

Korea Investment manages Vista Land $50 mn global bond issuance

Korea Investment & Securities Co. announced on Thursday that its Hong Kong subsidiary KIS Asia managed the issuance of $50 million in global bon...

Korean commercial real estate market to show slow recovery in H2

South Korea’s commercial real estate market will post a slow recovery in the second half of this year due to rate cut delays and no big correc...

SGC E&C secures $92 mn chemical plant project in Malaysia

South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...

Sovereign wealth fund KIC shortlists three CEO candidates

South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...

Samsung C&T to participate in basic design of Romania SMR

Samsung C&T Corp., the construction and trading unit of South Korea’s Samsung Group, will participate in the basic design of the Romanian ...

KOMIPO wins Indonesia turbine maintenance project

Korea Midland Power Co. (KOMIPO) announced on Tuesday that a consortium consisting of its Indonesian subsidiary, KOMIPO Energy Indonesia (KEI), an...

Naver launches Saudi digital twin project for smart cities

South Korean internet giant Naver Corp. and the Saudi Arabian government have started a five-year project to build digital twin platforms for Riyadh...

Hanwha Ocean qualifies to compete for US Navy MRO

South Korea's Hanwha Ocean Co. announced on Monday that it signed a Ship Maintenance Relations Agreement (MSRA) with the US Navy. It got the right t...

Korea’s Lotte Card sees 1st profit in Vietnam since launch

Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...

HD Hyundai qualifies to compete for US Navy MRO

South Korea's HD Hyundai Heavy Industries Co. announced on Thursday that it signed a Ship Maintenance Relations Agreement (MSRA) with the US Navy. I...

GIC taps its real estate expert Jasmine Loo as new Korea head

Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...

Hanwha, KT to cooperate on smart mining

South Korea's Hanwha Global, the global division of Hanwha Corp. and KT Corp. announced on Monday that they signed a memorandum of understanding (...

NPS-backed new prime office building in Seoul struggles with poor demand

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...

S.Korea promotes export of $3.8 bn railcars to Morocco

The South Korean government is promoting exporting Korean-style railway cars (K-rail), including high-speed trains worth $3.8 billion, to Morocco.Th...

Kyobo Life, Japan’s SBI to team up on security token, digital finance

South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand th...

CJ CheilJedang hosts K-food competition in China

South Korea's CJ CheilJedang Corp. announced on Thursday that it organized the CJ Challenge Live Competition at the 2024 K-Food China Qingdao Intern...

Samsung’s biotech duo on a roll with $1.1 bn CMO order

Samsung Group is on track to rise to the top of biosimilar companies in the world and become South Korea’s largest drug maker for contract man...

Korean banks to cut corporate loans for profitability

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...

Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital

Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...

Kukdong Oil to build hydrogen gas plant in Ulsan

South Korea's Kukdong Oil & Chemicals Co. announced on Wednesday that it will construct the nation's largest hydrogen gas production facility ...

Doosan Enerbility, Meralco to collaborate on energy projects

South Korea's Doosan Enerbility Co. announced on Wednesday that executives from Manila Electric Company (Meralco), the largest power company in the ...

QCells wins 2GW solar panel deal for US community solar farms

Hanwha Q Cell Co., better known as QCells in overseas markets, has signed a solar panel supply and partnership agreement for energy storage system (...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

K-Sure to support Korean firms' participation in Vietnam's gas project

Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...

Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...

Taihan Cable wins $94 mn power grid project in US

South Korea's Taihan Cable & Solution Co. announced on Tuesday that it has consecutively won three power grid projects in the US. The total cont...

Noul, CDC to start Malaria diagnosis project in Kenya

South Korea's Noul Co., an in-vitro diagnostics maker and artificial intelligence (AI)-based blood and cancer diagnostic platforms company, said o...

Samsung, SNU to open AI Joint Research Center

Samsung Electronics Co. announced on Monday that it signed a memorandum of understanding (MOU) with Seoul National University (SNU) to establish an ...

PwC's Korean member taps new chiefs, creates finance unit

Samil PricewaterhouseCoopers (PwC), a South Korean member firm of PwC International Ltd., has appointed new chiefs of its key units and created a fi...