Korea Western Power(KOWEPO) has signed an agreement with Thai Petrochemical Industry Polene Power (TPIPP) and Korea Gas Corp. to jointly build a 1.7 GW gas power plant and liquefied natural gas (LNG) infrastructure in Songkhla Chana, a region in southern Thailand.The agreement was signed in a non-fa
KB Asset Management announced on March 2 that it will start investing in Singapore.KB Asset Management's Singapore subsidiary, which was launched in October 2017, recently jacked up its capital from 3.2 billion won to 8.2 billion won through a capital increase of five billion won.KB Asset Manage
Incheon Port Authority (IPA) announced on Feb. 25 that the North China Malaysia eXpress (NCX) service was launched on Feb. 24 to connect Korea, China, Singapore and Malaysia.The first ship deployed for the NCX service is XPress Kailash, a container ship registered in Singapore. It entered the Hanjin
Dongkook Pharmaceutical surpassed 500 billion won in sales for the first time in 2020. Both sales and operating profit enjoyed double-digit growth thanks to an increase in exports and the growth of its healthcare business.Dongkook Pharmaceutical announced on Feb. 23 that it racked up 559.1 billion w
Shinsegae Group is ramping up overseas investment through its venture capital unit Signite Partners, which was established in 2020.Signite Partners announced on Feb. 16 that it has invested in Grab, a Southeast Asian car hailing, delivery and financial services platform.Grab is a company called an "
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. The U.S. business culture characterized by innovation and entrepreneurialism is unique in relation to most other countries around the world, which is why it remains to thi
The IMF announced on Feb. 7 that South Korea’s government debt-to-GDP ratio is estimated to rise from 40.78 percent in 2015 to 64.96 percent in 2025 to show the ninth-fastest pace in the group of 37 advanced economies.According to the IMF, South Korea’s increment for 2019 to 2021 is estimated at 10.
Dulwich College is one of the U.K.'s oldest independent schools, founded in South London as a boys’ school in 1619. Dulwich College International (DCI) was established to bring the Dulwich education to students around the world and is now one of the fastest growing UK independent school networks
South Korea has topped Bloomberg’s Most Innovative Economies list for 2021 with a score of 90.49.The Bloomberg Innovation Index is based on seven evaluation criteria: R&D intensity showing R&D expenditure as % of GDP; Manufacturing added-value; Productivity showing GDP and GNI per employed person; H
The author is an analyst of NH Investment & Securities. He can be reached at ryan.ra@nhqv.com. – Ed. Pharma Research Products logged a 4Q20 earnings surprise, backed by an increasing portion of high-margin aesthetics product sales. Thanks to the rapid growth of the medical device division, centering
Bloomberg reported on Jan. 31 that South Korea ranked 12th out of 53 countries in its Covid Resilience Ranking for January.The first version of the list was drawn up in November last year and South Korea came in fourth that month. In December, its ranking fell to eighth with COVID-19 spreading again
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Despite a share price increase of 100% since the release of our 2021 outlook report, Daewoo E&C’s shares are still trading at a 2021E P/E of only 6.0x, indicating ongoing undervaluation versus th
Despite the die-hard COVID-19 pandemic, Dongkook Pharmaceutical is enjoying brisk exports of its products.In 2020, the company exported intravenous anesthetic "Pofol Injection" to the Netherlands, Luxembourg, Singapore, and Japan as an emergency supply. It will export the product to Colombia this mo
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
Hyosung Heavy Industries announced on Jan. 19 that it will create a joint venture with STT GDC, a Singaporean data center service company, and establish a data center in the Seoul metropolitan area.The two companies plan to establish a 60:40 joint venture with Hyosung owning 60 percent of the equity
JW Bioscience, a subsidiary of JW Life Science, announced on Jan. 18 that it has signed a strategic investment contract with One BioMed, a Singapore-based molecular diagnostic company.Through this contract, JW Bioscience has acquired a 3.4 percent stake in Won BioMed and secured domestic sales right
Hanwha Group will acquire a Korean satellite company to make its space business a new growth engine.Hanwha Aerospace, an aerospace affiliate of Hanwha Group, announced on Jan. 13 that it will acquire a stake in Satrec Initiative, a small satellite company in Korea. It plans to invest about 109 billi
Foreign direct investment (FDI) in Korea shrank by more than 11 percent in 2020 due to COVID-19, the Ministry of Trade, Industry and Energy said on Jan. 12.FDI has sunken by a double-digit figure for two consecutive years after reaching an all-time high in 2018.The ministry said FDI in Korea reached
The Software Policy & Research Institute of the Ministry of Science and ICT recently analyzed the current status of AI research in 91 countries and announced on Jan. 11 that South Korea ranks 14th in terms of AI research competitiveness.According to its report, the United States is the most competit
Daewoo Engineering & Construction (Daewoo E&C) has surpassed its overseas order intake goal for 2020, raising expectations that its overseas business will make a turnaround in 2021.The builder announced on Jan. 6 that its overseas order receipts in 2020 totaled 5,862.4 billion won, exceeding the ann