SEOUL, Sept. 28 (Korea Bizwire) — GS Retail Co. said Tuesday it will start the trial operation of a gold bar vending machines at five locations including two GS25 convenience stores. The vending machines will sell five different types of gold products by weight ranging from 1.875 grams to 75 grams, as well as commemorative [...]
SEOUL, Sept. 27 (Korea Bizwire) – POSCO Engineering & Construction Co., the construction arm of South Korea’s leading steelmaker, POSCO, said Monday it had developed a botanical garden café called Plantrium for apartment complexes. Plantrium is a multi-leisure space where users can enjoy views of the botanical garden while eating salad and drinking tea. Unlike [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hanwha Group’s push to take over Daewoo Shipbuilding & Marine Engineering Co. (DSME) heralds a major boost for its key defense and green energy sectors amid widening efforts to streamline the business structure while expediting the leadership succession process. Hanwha, South Korea’s seventh-largest conglomerate, said it signed a conditional [...]
SEOUL, Sept. 26 (Korea Bizwire) — Troubled South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) is widely expected to make headway with its efforts to get back on track, as it is likely to find a private owner after 21 years of state control. Under a memorandum of understanding with DSME, key subsidiaries [...]
SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) signed a preliminary investment deal with Hanwha Group on Monday, in a move that could put the embattled shipyard in the latter’s hands. Under a memorandum of understanding, Hanwha Aerospace and other Hanwha subsidiaries will participate in DSME’s 2 trillion-won (US$1.4 billion) [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Thursday it will establish a logistics center furnished with a variety of advanced facilities at the Incheon International Airport’s second logistics complex. The company and the Incheon International Airport Corp. signed an agreement to build and operate a [...]
WASHINGTON/SEOUL, Sept. 22 (Korea Bizwire) — SK Group Chairman Chey Tae-won has said it is too early to define the impacts on South Korean businesses of U.S. policies favoring domestically produced semiconductors and electric vehicles and any plans should be drawn up based on careful assessments. Chey’s remarks came as the administration of U.S. President [...]
SEOUL, Sept. 22 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed indexes to assess the performance of its ESG management activities for the first time among local shipyards. DSME, a major local shipbuilder, said it has applied the 146 ESG indexes to its Okpo shipyard on Geoje Island, [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korean shipbuilders won nearly 57 percent of global orders for eco-friendly ships in the first eight months of this year thanks to their technological superiority, an industry tracker said Thursday. Local shipyards clinched 56.6 percent of the world’s green-vessel orders worth 9.52 million compensated gross tons (CGTs) in [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Wednesday it will complete the normalization of its facilities damaged by a recent typhoon within three months, stressing that any major supply glitch would not occur given its product stockpiles sufficient to last 2-3 months. POSCO was forced earlier this month to halt [...]