Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
The size of alternative investments in overseas real estate by domestic financial firms has grown by 2 trillion won (US$1.48 billion) in the past year, according to recent findings. Concerns about potential losses for financial firms have arisen due to the downturn in the overseas real estate market
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Business diversification is underway at construction companies based on ample cash liquidity secured via strong housing business over the past five years. During lulls in real estate-related news
SPC Group announced on Aug. 3 that its five products and one brand have been chosen as winners at Red Dot Design Award 2020. The group had 6 winners at the world-renowned design competition in 2019.The group's product design award winners included Paris Baguette's Traditional Gift Package an
Skyline Luge Tongyeong has been named as one of Korea’s "100 Must-visit Tourist Spots (100 MVTS)." The top 100 list is compiled every two years by the Ministry of Tourism in collaboration with the Korea Tourism Organization, who select and honor the 100 best tourist spots in Korea.The 100 MVTS accol
Lotte Corporation announced on May 23 that it will inscribe around 8,000 names of Korean and foreign workers who worked at the construction site for more than 100 days and employees and executives at Lotte Corp. and Lotte Engineering & Construction on the Wall of Fame at a public information center
Beginning in December this year, commercials about Dubai are appearing more frequently in Korea on Korean TV channels and Korea portals. Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) opened its first office in Korea in November, and has just launched its first brand campaigns.
The Korea Racing Authority (KRA) announced on July 16 that it will open a “Champions Suite” in Let’s Run Park Seoul in Gwacheon of Gyeonggi Province on July 18 for visitors from other countries.The premium facility with 38 seats is located in the lounge on the fifth floor of the horse racing stand,
The Federation of Korean Industries (FKI) announced on July 13 that half of the top 30 business groups in Korea – Samsung, SK, LG, Lotte, POSCO, Hanwha, KT, Doosan, Shinsegae, CJ, LS, Daewoo Shipbuilding & Marine Engineering, Hyundai, KCC and KOLON – have adopted flexible working hours in at least o
Hyundai Motor will build a new auto plant in Chongqing, China.The company announced on June 18 that it would hold a groundbreaking ceremony for its fifth plant in Chongqing City, China, on June 23.The Chongqing plant will have an annual production capacity of 300,000 vehicles and be established in L
The performance of the domestic construction and plant industry is declining, along with the orders of plants from major oil-producing countries, owing to a sharp decrease in the international oil price. This is because it is highly possible that OPEC oil-producing countries, which face a financial
Plants have revived as key export drivers. Three keywords are “Middle East,” “petroleum,” and “consortium.” Consortia of Korean builders supported by financial institutions have won many oil and gas plant orders in the Middle East.The Ministry of Trade, Industry and Energy announced on July 14 that
Leading Korean corporations picked risk management and concentration on the basics, instead of external growth, as their business strategy for the second half of this year.The Federation of Korean Industries carried out a survey of the top 30 conglomerates between June 16 and 27 and released the res
Samsung C&T, a Daewoo International consortium, and a GS Engineering & Construction consortium won five out of six total projects recently launched by Sonelgaz in Algeria for the construction of combined cycle power stations. According to the project plans, the power plants will be built in the six
Winter is here, and dust clouds from coal, China’s main source of heat, have filled Seoul’s sky, painting it gray. The levels of carcinogens in the dust is impossible to measure. It is estimated that 8 percent of deaths in the city of Seoul are caused by respiratory disorders. Living with dust is an
With the recent “World's First Invisible Tower” report by CNN generating more interest on skyscrapers, high-rise hotels are drawing attention as well. What is the tallest hotel in the world where people can view the whole city from their room? On September 21, the hotel search and information webs
An invisible building will be constructed in the international business district in Cheongna, Incheon City.According to Korea Land & Housing Corporation (LH) on September 16, LH is pushing forward with an architectural plan for Tower Infinity, after obtaining a construction permit from Incheon Free
Angola is emerging as a land of opportunities. Having more than 20 million population, the African nation is pursuing social and economic development by making use of its abundant natural resources such as crude oil, diamond and iron ore while increasing its political and diplomatic presence in the
HYUNDAI Heavy Industries (HHI) won the US$15 billion Export Tower Award on the 46th Trade Day. HHI, with its solid foundation in shipbuilding, has expanded into other areas of heavy industries such as offshore & engineering, industrial plant & engineering, engine & machinery, electro electric system