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Sunday, February 25, 2018

Industry

Hyundai Heavy Industries has received an order from Nigeria to deliver 15 units of LPG storage tank, which are similar to cylindrical tanks delivered to Abu Dhabi Gas Industries’ complex in Habshan in May 2011
Getting Order of LPG Storage Tanks
23 February 2018 - 11:15am
Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, succeeded in winning a US$58 million (63 billion won) deal in Nigeria. The company said on Feb. 22 that it has received an...
Hyundai E&C will be responsible for 35 percent of the Tuas Port reclamation project in Singapore worth US$1.1 billion, or US$390 million.
Helpful for Receiving Future Orders
23 February 2018 - 11:15am
Hyundai Engineering & Construction Co., one of South Korea's leading builders, has clinched this year’s first overseas deal in Singapore. The company won a part of the Tuas Port project worth US$...
The Korea Development Bank (KDB), the main creditor of Kumho Tire, unofficially asked the Defense Acquisition Program Administration (DAPA) if it is possible to sell the management of Kumho Tire to a foreign firm.
Fate of Kumho Tire
23 February 2018 - 10:30am
The Korea Development Bank (KDB), the main creditor of Kumho Tire, is seeking to attract outside capital but whether the Ministry of Trade, Industry and Energy (MOTIE) and the Defense Acquisition...
The U.S. asked for stricter standards for imported steel raw materials at the KORUS FTA amendment negotiations as part of its strategy to see whether South Korea serves as a base for transshipment of Chinese low-priced steel products.
To See Origin of Steel Products
23 February 2018 - 10:30am
The United States called for stricter standards for imported steel raw materials at the South Korea-US Free Trade Agreement (FTA) amendment negotiations. It is part of its strategy to see whether...
The proportion of UHD TV sales is expected to reach 99% for the first time in the 60-inch or larger TV market this year.
Full HD TVs Away from Market
23 February 2018 - 10:15am
Full HD TVs which were relegated by ultra high definition (UHD) TVs are expected to disappear from the big TV market this year. The proportion of UHD TV sales is expected to reach 99% for the first...
LG Electronics is planning to unveil its first micro-LED TV in September this year while Samsung Electronics already unveiled its micro-LED TVs.
Micro-LED TVs
23 February 2018 - 10:00am
According to industry sources on February 22, LG Electronics is planning to unveil its first micro-LED TV in September this year. Samsung Electronics already unveiled its micro-LED TVs and the...
GM reportedly accepted three principles proposed by the Korean government to normalize the GM Korea.
Negotiations Starting to Set In
23 February 2018 - 9:30am
Negotiations have started between the South Korean government and GM over the future of GM Korea. GM is calling for a debt-equity swap, a paid-in capital increase, and so on while threatening to shut...
A bird's eye view of apartment buildings to be built by GS E&C in Indonesia. (The photo courtesy of GS E&C)
Housing Development in Indonesia
23 February 2018 - 12:30am
GS E&C will enter the Indonesian housing development business. GS E&C announced on February 22 that the builder will develop a 1,445-household apartment complex in Jakarta with the Vasanta...
GM International President Barry Engle decided to accept KDB Chairman Lee Dong-geol’s preconditions and principles for financial support for GM Korea.
Just GM’s Sincerity Remains
22 February 2018 - 12:15pm
The Korea Development Bank (KDB) said on February 21 that GM International President Barry Engle decided to accept KDB Chairman Lee Dong-geol’s preconditions and principles for financial support for...
The Korean hit animated feature “Leafie, A Hen into the Wild”
Long Way to Go
22 February 2018 - 12:00pm
Hollywood animated films have an average production cost of US$114.3 million (123 billion won), while the Korean hit animated feature “Leafie: A Hen Into the Wild” in 2011 had a production cost of 5....
SK Gas Co. showed a slump in its liquefied petroleum gas (LPG) business and a fall in its operating profit margin to some 1 percent.
Profits Sharply Dropped
22 February 2018 - 11:30am
According to the Financial Supervisory Service on Feb. 21, SK Gas recorded a consolidated operating profit margin of 1.87 percent in in 2017. Its earnings rate decreased to some 1 percent as well....
Lee Bae-soo, new president of KEPCO E&C, said in his inauguration ceremony on February 13 that the company will become an energy technology company capable of realizing sustainable growth based on its strengths.
Inauguration Speech
21 February 2018 - 12:45pm
"In order to cope with changes in the business environment such as energy conversion policies, fundamental changes and innovation are required," said Lee Bae-soo, new president of KEPCO E&C, in...

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