SEOUL, Oct. 9 (Korea Bizwire) – The Gyeonggi provincial government said on October 7 that it would create a second high-tech industrial zone in Seongnam‘s Pangyo after the success of the Pangyo Techno Valley project. Dubbed “Next Pangyo,” the project will be built on a 460,000 square meter site, about two-thirds of the size of first [...]
HUNTSVILLE, Ala., Oct. 7 (Korea Bizwire) – SK Engineering & Construction (SKEC), a leading engineering, procurement, construction and maintenance services company and part of South Korea’s SK Group, has implemented a fully integrated Intergraph® SmartPlant® Enterprise solution to optimize its engineering, procurement and construction (EPC) process systems for project control and execution. Intergraph’s industry leading [...]
SEOUL, Oct. 2 (Korea Bizwire) – Korea EximBank said on October 1 that it would make a US$7.15-million investment in a hydroelectric power generation project on the Semangka River in Indonesia. The project is currently undertaken by the POSCO Engineering consortium.Including loans and guarantees, the state-run bank will support a total of $132.9 million in a project financing deal. [...]
SEOUL, Sep. 30 (Korea Bizwire) — It is likely the next-generation submarine for the Republic of Korea Navy will be Jangbogo III (Batch I) based on homegrown technology. The Defense Acquisition Program Administration said on September 29 that Daewoo Shipbuilding & Marine Engineering, the shipbuilder to assemble two 3,000-ton class conventional submarines, has sufficient capabilities to build [...]
SEOUL, Sep. 24 (Korea Bizwire) – Korea’s major retailer E-Mart has begun operations of “Bojeong Logistics Center” in Bojeong-dong in the city of Yongin, south of Seoul. This is the first all-automatic order fulfillment center in Asia. With this new facility, customers of E-Mart online shopping mall will be able to receive packages faster and more precisely. [...]
SEONGNAM, Sep. 24 (Korea Bizwire) – South Korea constructs its first electric tram line in Seongnam City, Gyeonggi Province. Expected to be completed by 2015, the trams that will run for one-point-five kilometers link Pangyo Station to Techno Valley, a district in the satellite city of Pangyo Regarding the tram line, Gyeonggi Governor Nam Kyung-pil [...]
SEOUL, Sep. 21 (Korea Bizwire) – Expo Science Park in Daejeon, the venue for the 1993 Daejeon World Expo, will be demolished in stages until August next year. The Ministry of Science, ICT and Future Planning held on September 19 an international science business belt committee meeting and approved a proposal to tear down the expo [...]
SEOUL, Sept. 20 (Korea Bizwire) – With the honor that Samsung C&T garnered in the Grand Safety Award in MTR Safety Award sponsored by MTRC of Hong Kong, the construction company now tries to dispel Koreans’ worries over the recent sinkholes in southeast Seoul during its subway construction works in Seoul. Recently, the Hong Kong Transit Railway [...]
SEOUL, Sept. 19 (Korea Bizwire) – Only two days after an announcement that it won a super large-scale liquefied petroleum gas carrier order, Daewoo Shipbuilding & Marine Engineering said on September 18 that it landed another deal to build an environmentally friendly liquefied natural gas carrier equipped with a high-pressure fuel supply device. The company’s president Koh Jae-ho [...]
SEOUL, Sep. 18 (Korea Bizwire) – It is shocking that the land size that foreigners own in the Seoul Metropolitan City is as large as that of Yeouido, a large island in the Han River in Seoul and Seoul’s main business and investment banking district. Currently, Americans own about 60 percent of the entire land [...]