South Korea is one of the largest LNG importers in the world. Japan’s annual LNG imports are approximately 88 million tons and South Korea and China import 40 million tons of LNG a year each. South Korea’s imports are on the increase. The volume reached 44.02 million tons in 2018.An appropriate inve
Hanwha Solutions announced on Jan. 4 that it has reorganized its solar energy business division and established a hydrogen technology research center.The company has expanded its global Green Energy Solution (GES) Business Division, which is in charge of renewable power generation projects. The GES
The U.S. Congress is planning to reconsider U.S. troop deployment in countries using Huawei’s 5G and 6G equipment. Under the circumstances, LG U+’s move is drawing much attention.At present, KT, SK Broadband and LG U+ are using Huawei equipment without exception. However, LG U+ is the only South Kor
Hanwha Solutions said on Dec. 3 that it has signed a memorandum of understanding with Gangwon Province and KOGAS-Tech to increase the competitiveness of the hydrogen industry ecosystem in Gangwon Province.The agreement calls for the establishment of a water electrolysis facility and hydrogen chargin
In order to turn the potential value of forests into a base for job creation, building local communities is necessary. To foster local communities, there should be an organization that can provide close support to people promoting new forest-related ventures. The Forest Job Creation Center is intend
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We suggest a Buy rating for Kangwon Land with a TP of W36,000.Due to operational difficulties amid Covid-19, the firm’s sales remain sluggish. However, its earnings appear to be bottoming in 2020,
Selling fresh produce from an island to the whole nationIn 1995, when then-33-year-old Kim Jeong-yeol started his fruit and vegetable farm on Korea’s Jeju Island, he had a lot to learn. Jeju was his home, so he knew his way around. But his parents had run a factory and he was completely new to farmi
POSCO TJ Park Foundation has selected Sergeant Han Dong-gil as a POSCO Hero for rescuing a mother and daughter trapped in an overturned vehicle at risk of injury and fire. The foundation delivered a plaque and scholarship on Aug. 14.Sergeant Han found an overturned vehicle with smoke rising at an in
The Ministry of Environment will actively foster promising Korean companies and help them enter the global green market, which is estimated to be three times larger than the global semiconductor market (US$1.2 trillion).The ministry announced on Aug. 6 that it will start building an ecosystem for in
POSCO has established the third GEM Matching Fund with Australian iron ore supplier FMG to foster talent in local areas.GEM stands for "Go the Extra Mile," symbolizing POSCO’s efforts to build a better society.POSCO signed an agreement to form the fund at the POSCO Center on June 25 with the attenda
The South Korean government will secure hydrogen enough to power 50,000 hydrogen vehicles this year to speed up the establishment of a hydrogen mobility system.The Ministry of Trade, Industry and Energy announced on May 19 that it has provide support to five cities for construction of hydrogen produ
The South Korean government is planning to restore the Gangneung-Jejin section of the Donghae Bukbu Line in 53 years in commemoration of the second anniversary of the April 27 Panmunjom Declaration.The Ministry of Land, Infrastructure and Transport and the Ministry of Unification held a ceremony for
Restructuring of low-cost carriers (LCCs) is looming large after the South Korean government recently announced that most of its financial support for the aviation industry, 3.2 trillion won in total, would go to Korean Air and Asiana Airlines.The two full-service carriers are scheduled to receive 9
Korea’s nine low cost carriers (LLCs) are being forced to restructure themselves in the face of the recent spread of the novel coronavirus.Air Busan's debt ratio in 2019 stood at 812 percent, an eight-fold increase from 99 percent recorded in the previous year, the Financial Supervisory Service
LS Cable and System announced on April 2 that it has completed its second submarine cable plant in Donghae, Gangwon Province, boosting its submarine cable production capacity 2.5 times.The new submarine cable plant was built on a site of 104,000 square meters with the floor space totaling 8,800
Samsung SDS signed an agreement with ABL Life Insurance earlier this month to carry out its data center relocation and cloud migration.ABL Life Insurance is the second oldest life insurance company in Korea. Backed by global financial expertise and a nationwide sales network, the company provides a
Government-run banks and commercial banks will provide seven low-cost carriers (LCCs) with unsecured loans worth approximately 400 billion won with the LCCs’ business conditions deteriorating amid the spread of COVID-19.The Ministry of Land, Infrastructure, and Transport is planning to make an offic
EGG DROP, Korea’s first egg sandwich brand, is ready to enter overseas markets at any moment. Since its launch in October 2017, EGG DROP has been steadily increasing sales and is currently operating approximately 180 stores. Since the first half of 2018, it has drawn great attention and support from
LS Cable and System announced on March 3 that it has won a 100-billion-won submarine cable order from Bahrain.The project involves laying submarine cables between Bahrain’s main island and Hawar Island, which is located 25 km southeast. LS Cable and System won the order from Al Gihaz, a Saudi Arabia
The Korean government has concluded that faulty batteries were the main culprit behind the recent spate of energy storage system (ESS) fires.The ESS Fire Accident Investigation Team announced the outcome of its second investigation in the fires on Feb. 6.The conclusion is opposite to the one announc