Hanwha Chemical will merge with Hanwha Q CELLS and Advanced Materials in January of next year and start anew as Hanwha Solution.Hanwha Chemical announced on Dec. 12 that it will hold a general shareholders meeting on Jan. 2, 2020 to pass an amendment to the articles of incorporation that include a c

KEPCO KPS plans to set up a joint venture for operation and maintenance (O&M) of power plants with a Pakistani power generation company.KEPCO KPS said on Dec. 12 that it will partner with Fauji Foundation of Pakistan, the parent company of FPCDL that placed an O&M order on it for Dahaki Power Plant.

SK Chemicals announced on Dec. 12 that it has received final approval from the U.S. Food and Drug Administration (FDA) to sell its dementia treatment patch “SID710” (ingredient name is Rivastigmine) in the U.S. market. It is the first time for a dementia treatment patch developed by a Korean pharmac

A Korean consortium that has been selected as the preferred bidder for a US$2.5 billion metro construction project in Panama may be deprived of their preferential status as the Panamanian government has partially annulled the tender evaluation outcome.In a resolution issued on Dec. 11 (local time),

GS Engineering & Construction (GS E&C) has entered India’s solar power generation market as an independent power producer (IPP).An IPP is a private entity which owns and operates facilities to generate electric power for sale to utilities and end users.GS E&C announced on Dec. 11 that it plans to in

POSCO International has recently sent a letter to Pertobangla, a state-run oil company of Bangladesh, requesting a review of the commercial terms of its production sharing contract (PSC) signed in 2017.POSCO International has been working in deep-sea block DS-12 in the Bay of Bengal since 2017. But

Korean companies suffered a drop in their operating profits in 2018 for the first time since relevant data began to be collected in Korea. Their profitability deteriorated due to a slump in Korea’s flagship industries such as construction, shipbuilding, and automobiles. In particular, small and medi

The Small but Strong Global Company Fostering project led by the Korea Institute for Advanced Technology (KIAT) is playing the role of a stepping stone for promising small and medium-sized Korean enterprises that want to go global.Support projects usually proceed in the following order –- an explana

Samsung Heavy Industries (SHI) has successfully tested its 5G-based autonomous and remote control navigation system.SHI and SK Telecom (SKT) announced on Dec.10 that they have completed the development of an autonomous and remote control navigation test platform, which connects Daejeon and Geoje thr

Global e-commerce platform Cafe24 announced that its free font launched in August has breached the 3 million download mark in just 3 months. The font is proving to be very popular with users with its average daily downloads reaching over 30,000.Cafe24’s free font has significantly minimized the comp

Hyundai Motor Co. and Kia Motors Corp. are shifting the focus of their eco-friendly car marketing strategy from hybrid cars to electrified vehicles including electric vehicles (EVs) and fuel cell electric vehicles (FCEVs). Electrified vehicles accounted for a mere 0.5 percent of green car sales in 2

Daewoo Shipbuilding & Marine Engineering (DSME) has won a US$380 million order for three high-value-added vessels including one LNG carrier.DSME announced on Dec. 9 that it received an order for one LNG carrier and two ultra-large crude oil carriers from Maran Gas and Maran Tankers under Angelicouss

CJ CheilJedang is trying to increase its liquidity by selling real estate assets and this shows the sense of crisis of CJ Group as a whole. CJ CheilJedang has conducted mergers and acquisitions aggressively for years in order to realize an economy of scale, but its debt ratio has risen before any sy

Electric vehicles (EVs) loaded with batteries from LG Chem and SK Innovation were reportedly included in China's white list for subsidies. It is the first time since 2016 that EVs running on Korean batteries are included in the subsidy list.The Chinese Ministry of Industry and Information Techno

South Korean shipbuilders won US$16.4 billion (19.5 trillion won) worth of shipbuilding orders in the first 11 months of this year, beating their Chinese rivals who posted US$15.3 billion (18.2 trillion won) during the same period, according to data released by Clarksons Research on Dec. 9.The stati

Incheon Port Authority (IPA) cohosted “2019 Korea Brand Expo” with Lotte Home Shopping in Los Angeles, the United States on Dec. 3-4 to encourage Korean small and medium-sized enterprises (SME) to advance overseas.A total of 73 SMEs and startups participated in the expo and held talks with buyers on

With the implementation of new IMO regulations around the corner with regard to the sulfur content of ship fuel, an increasing number of countries are prohibiting the port entry of ships equipped with scrubbers. Under the circumstances, South Korean shipbuilders are expected to win a number of new o

Hanwha Systems will make a foray into the air taxi market. The company announced on Dec. 8 that the Committee on Foreign Investment in the United States (CFIUS) has finally approved its US$25 million investment in Overair (formerly known as K4 Aeronautics), a leading air taxi company. Hanwha Systems

Samsung Galaxy placed first in this year’s Top 100 Brands of Korea released by BrandStock on Dec. 8. It claimed the top spot of the BrandStock Top Index (BSTI) for nine consecutive years.BrandStock said Samsung Galaxy has strong upside potential in terms of brand value as the share of Samsung Electr

The completion ceremony for the third and fourth units of the Shin-Kori Nuclear Power Plant was held on Dec. 6. The third-generation nuclear power plants have been put into commercial operation ahead of those of the United States and Europe to prove the excellence of South Korea’s nuclear power gene