Daewoo E&C announced on March 3 that it has submitted the Provisional Acceptance Certificate (PAC) for the Ras Djinet Combined Cycle Power Plant (RDPP PJ) ordered by the Algerian Society of Electricity Production.Ground was broken for the construction of the power plant at the end of 2012, but the c
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. We view the sharp rise in bond market volatility in September as being the cost of losing trust in CBs. But, after the September FOMC, a massive sell-off of TIPS was verified at end month. This sign
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. To restore policy credibility, Fed communications will highlight that: 1) over-tightening is better than under-tightening; and 2) a transition to a rate cut cycle is unlikely for some time. On the d
SK Square, an investment business arm of SK Group, is planning to issue its own cryptocurrency.The company announced on March 23 that it is preparing an innovative blockchain service with its partners and will transparently communicate with the market when its plan to issue a cryptocurrency takes a
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. Small businesses are the backbone of the American economy, accounting for 46.8 percent of its economic activity. The U.S. Small Business Administration showed in their report that 3
Car shipments by Hyundai Motor Co.'s Russian corporation have plummeted. Concerns are growing that the Korean carmaker’s profitability will deteriorate due to a plunge in the value of the Russian ruble.Hyundai Motor said on March 13 that its Russian corporation shipped 17,402 cars last month, do
The author is a fixed income strategist of Shinhan Investment Corp. He can be reached at jcho@shinhan.com, -- Ed. Base rate raised by 25bp to 1.00%The Monetary Policy Board of the Bank of Korea (BOK) decided to raise the base rate by 25bp to 1.00% at the November meeting. Board member Joo Sang-yong
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. According to research, the American business sector may be assumed to be backed by a significant powerful Asian economic force, with Asian-owned businesses making up appro
LG Chem has decided to invest six trillion won in secondary battery materials, including cathode materials and separators.LG Chem announced on July 14 that it will invest 10 trillion won in three new growth drivers by 2025 -- eco-friendly and sustainable businesses, battery materials and new drugs.L
Most South Korean banks are not planning to form any partnership with cryptocurrency exchanges. In addition, Shinhan Bank and NH Bank, which provided real-name accounts for cryptocurrency exchanges, are making no comment on whether to extend their contracts with the exchanges.Those exchanges’ risks
Samsung Electronics' corporate reputation in the global market has declined amid a leadership vacuum caused by the imprisonment of vice chairman Lee Jae-yong.The company placed 31st in the 2021 Axios Harris Poll 100 released by Harris Poll, a U.S. public opinion survey company. The list names th
Users of Nexon’s MaypleStory game are continuing the "zero won challenge" campaign that was triggered late last month by allegations that the game company provided items to users with unequal probability.Users of MaypleStory can pay the fees for playing the game by using the monthly charging service
A group of Lime Asset fund victims filed a complaint against Daishin Securities with the Seoul Southern District Prosecutors' Office on Feb. 22, alleging that the securities company manipulated its computer system to illegally cancel their Lime fund repurchase orders.In 2019, allegations surface
International credit rating agency Moody’s recently assessed the ESG management of 144 countries and gave the top grade to South Korea, Germany, Switzerland, New Zealand, Denmark, Luxemburg, Sweden, Singapore, Ireland, Austria and the Isle of Man.The United States is in the second tier and China and
Korean Air has won a contract from the U.S. Defense Department for the service life extension and depot level maintenance of F-16 fighter jets deployed to the U.S. Forces in Korea and Japan for about 10 years from November 2020 to September 2030. The deal is worth approximately 290 billion won.The s
Quantum Gate, a Korean startup that specializes in smart traffic safety solutions, has been authorized by the Korean government to sell its intelligent vehicle speeding alarm system, UXDFS (User Experience Intelligent Driver Feedback System). Quantum Gate is a member company of Born2Global Centre an
GM Korea has put off its plan to invest about 210 billion won in Bupyeong Plant due to liquidity problems.GM Korea said in a statement on Nov. 6 that it will suspend the execution of the investment planned for production of a next-generation model for the global market.GM Korea proposed a US$190 mil
Korea Electric Power Corp. (KEPCO) announced on Oct. 5 that it has decided to participate in the Vung Ang 2 power plant construction project in Vietnam.The 1,200-megawatt coal-fired power plant is scheduled to be built in the Ha Tinh province in a national project of Vietnam. The total project cost
LG Electronics has been selected as the most satisfactory household appliance brand among U.S. consumers for the second consecutive year.The company came in first with a score of 80 out of 100 in the 2020 American Customer Satisfaction Index (ACSI) for the home appliance sector. LG was last year’s l
Hyundai Motor has confirmed its plan to commercialize hydrogen trucks in the U.S. market in 2022. Amid growing suspicions surrounding the technological prowess of U.S. hydrogen carmaker Nicola, Hyundai Motor seems to be making a quick move to dominate the North American hydrogen commercial vehicle m