SEOUL, May 14 (Korea Bizwire) — POSCO Engineering & Construction Co., an affiliate of POSCO, South Korea’s top steelmaker, plans to deploy a walking robot for safety management during tunnel construction. The company said Thursday that it had decided to use a walking robot mounted with LiDAR and a high-performance camera to examine construction errors [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s construction companies are moving into the waste processing business by acquiring a string of waste processing companies. As the waste processing market grows at a blistering pace with the amount of waste increasing sharply since the outbreak of the COVID-19, they are attempting to develop the waste [...]
SEOUL, May 12 (Korea Bizwire) – In the near future, it will become possible to settle the payments of a variety of credit cards through a single app as part of a new simple settlement system. South Korea’s six card issuers, together with BC Card Co. and NH Nonghyup Card Co., recently held a consultative [...]
SEOUL, May 11 (Korea Bizwire) — Battery materials maker SK IE Technology Co. (SKIET) made a disappointing market debut on the main bourse Tuesday despite the huge market interest shown in its subscription last week. The subsidiary of refinery and battery firm SK Innovation Co. closed at 154,500 won (US$138), down 26.43 percent from its [...]
SEOUL, May 11 (Korea Bizwire) — Increasing number of younger South Koreans are struggling with frustration over investment in the so-called ‘altcoins’, low-price and high-risk cryptocurrencies. Many university students and recent lower-income graduates are showing up at hospitals to treat psychological stress caused by fluctuations in altcoin prices. An individual referred to only as Song, [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s minor bourse saw its turnover recently plunge below the 10 trillion-won (US$8.98 billion) mark following a partial resumption of short selling, data showed Monday. The daily turnover of the tech-heavy KOSDAQ market averaged about 8.8 trillion won over the last five sessions, far lower than the April [...]
SEOUL, May 4 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday it has decided to cancel 2.6 trillion won (US$2.32 billion) worth of treasury shares, over 10 percent of its total floated stocks, in a move to boost shareholder value amid plans to split into two companies later this year. [...]
SEOUL, May 3 (Korea Bizwire) – Lee Jae-young, vice chairman of global tech titan Samsung Electronics Co., has emerged as South Korea’s richest stockholder following inheriting stocks from his late father, a corporate tracker said Monday. Lee’s mother and his two sisters also ranked second to fourth, with Kim Beom-su, founder and chief of South [...]
SEOUL, May 2 (Korea Bizwire) — Retail investors’ stock ownership in Samsung Electronics Co., South Korea’s most valuable company, surpassed 10 percent for the first time as they went bargain hunting for its shares amid the COVID-19 pandemic last year, industry data showed Sunday. Individual investors owned a total of 65.3 million common shares of [...]
SEOUL, April 29 (Korea Bizwire) — SK IE Technology Co. (SKIET), a battery materials subsidiary of SK Innovation Co., drew a record-breaking subscription from retail investors for its initial public offering (IPO) on the Seoul bourse, the company’s IPO manager said Thursday. SKIET has received 80.9 trillion won (US$73.1 billion) of deposits from individual investors [...]