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Sunday, January 21, 2018

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An overseas construction project worth US$2.9 billion that GS Engineering and Construction seven years ago was canceled on December 20.
Something Must Be Wrong
28 December 2017 - 11:30am
GS Engineering & Construction (GS E&C) recently announced that one of its overseas construction projects won seven years ago was canceled on December 20. The canceled contract, worth 3.25...
AFC Korea was selected as the preferred bidder for STX Corporation.
Falling to Chinese Hands?
28 December 2017 - 11:15am
The Korea Development Bank (KDB) notified AFC Korea Co., a subsidiary of Chinese private equity fund (PEF) AFC, that it was selected as the preferred bidder for STX Corporation, according to...
With the introduction of Tradable Green Certificate (TGC), South Korean exporters will be able to respond properly to the obligation of new and renewable energy use even without manufacturing facility relocation.
Copying with ‘Green Trade Barrier’
28 December 2017 - 11:00am
An institutional base will be established for Korean exporters to cope with the “green trade barrier” as early as this year. According to the Ministry of Trade, Industry and Energy on December 27,...
The amount of construction contracts in the Middle East grew to US$14.5 billion (15.6 trillion won) this year, making up for the decline in other regions.
Rebounding but Not Much
28 December 2017 - 10:30am
The number of overseas contracts won by South Korean construction firms, which was on the decrease, has shown a rebound for the first time in three years. The industry believes that the worst...
LG Electronics and HERE will develop an autonomous driving vehicle solution that combines telematics and high-precision maps until the end of next year.
Joint Development of Self-driving Solution
28 December 2017 - 10:15am
LG Electronics said on December 27 that the company will jointly develop its autonomous navigation solutions with HERE Technologies, a German digital map maker with ultra-precise map production...
Korea’s industry ministry launched the ‘Aviation Industry Convergence Alliance’ to help ICT- and aviation-related companies and research institutions to develop the avionics market.
Developing Avionics Businesses
28 December 2017 - 10:00am
Corporate Korea will develop the avionics market in earnest, including the launch of the Aviation Industry Convergence Alliance after a drone industry alliance. The Ministry of Trade, Industry and...
New Income Model
28 December 2017 - 10:00am
A photovoltaic mine project will be gone ahead with at abandoned mine sites in Gangwon-do. Moreover, dormant and abandoned areas all over the nation that have been neglected will be turned into solar...
There are growing concerns that semiconductor materials can be in short supply in 2019.
Shortage of Semiconductor Materials
28 December 2017 - 10:00am
There are growing concerns that semiconductor materials can be in short supply in 2019 as major companies at home and abroad, such as Samsung Electronics Co. and SK Hynix Inc., are expanding their...
A joint vision statement between South Korea and Indonesia for mutual prosperity and peace was announced on November this year when President Moon Jae-in visited Indonesia.
Emerging Asian Economic Power
27 December 2017 - 12:45pm
According to the Centre for Economics and Business Research (CEBR) on December 26, South Korea and Indonesia are expected to join the top 10 economies of the world in or before 2032. In its report...
Gwangseongbo Fortress: This fortress, which is one of the 12 along the coast of Ganghwa Island, was where soldiers fought hand to hand during the American invasion in April 1871.
Tourist City of 2018
27 December 2017 - 12:00pm
Ganghwa County has announced its plan to attract tourists in 2018 to brace for the tourist city of this year. Its target figure for tourists in 2018 stands at 5 million, up 42 percent from that of...
South Korea had ranked first in terms of investments in Vietnam for three years until last year but it was displaced by Japan in 2017.
S. Korea Sunk to #2 Investor
27 December 2017 - 11:15am
Vietnam, which is considered “Post China,” attracted the largest ever foreign investments this year. South Korea had ranked first in terms of investments in Vietnam for three years until last year...
From Buy-Korea to Bye-Korea
27 December 2017 - 11:00am
Foreign investors offloaded more than 1.8 trillion won (US$1.67 billion) worth of shares traded on South Korea's main bourse. The government’s recent move to increase transfer and corporate taxes,...

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