SEOUL, June 10 (Korea Bizwire) – HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Monday it has won a 148.4 billion-won (US$107.7 million) order to build two petrochemical carriers for a Middle Eastern shipper. Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the carriers [...]
SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s major shipbuilder Hanwha Ocean Co. said Monday it has launched a new wind turbine installation vessel (WTIV). Ordered by Cadeler Inc. in 2021, the WTIV measures 148 meters in length and 56 meters in width. It is capable of sailing while carrying five offshore wind turbines, each [...]
SEOUL, Jun. 10 (Korea Bizwire) — Users of Naver Papago, the South Korean online portal operator’s artificial intelligence-powered translation service, have steadily increased, topping 20 million last month on overseas demand, industry sources said Monday. The number of Papago’s monthly active users (MAUs), both for app and web versions, reached 20.74 million in May, up [...]
SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s exports to the United States exceeded those to China so far this year, data showed Monday, raising the possibility that the U.S. could be the top export destination for South Korea for the first time in 22 years. Outbound shipments to the U.S. amounted to $53.3 billion [...]
SEOUL, Jun. 10 (Korea Bizwire) – As the early summer heat sets in, the demand for watermelons is rising in earnest. While customers seeking large watermelons weighing over 6 kilograms, with the adage “the bigger, the better,” remain steady, mini watermelons and pre-cut watermelon slices are gaining immense popularity due to the increasing number of single [...]
SEOUL, Jun. 8 (Korea Bizwire) –As South Korean consumers increasingly pursue value amid high inflation, convenience store chains are rolling out a wave of ultra-low-cost products priced below 1,000 won. With the “lunchhflation” of soaring midday meal costs straining office workers, these inexpensive food items have found particular appeal as affordable lunch options. The popular [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing intensifying headwinds in the global steel industry, POSCO, South Korea’s largest steelmaker, has reinstated a five-day workweek for its executives, just four months after pioneering a four-day schedule in an attempt to improve work-life balance. According to industry sources, POSCO notified employees last month that senior managers would return [...]
CHUNCHEON, Jun. 5 (Korea Bizwire) –A proposal to develop Camp Page, a 520,000 square meter former United States military base in the heart of Chuncheon, has sparked a bitter divide within the local community, pitting residents who support the project against those who demand a restart of the process. The site, which has remained largely [...]
SEOUL, Jun. 5 (Korea Bizwire) –Doosan Bobcat, a leading manufacturer of compact construction equipment, has inaugurated a new production facility dedicated to mini excavators at its Chennai plant, the company announced on June 5. After nine months of construction, Doosan Bobcat has completed an 11,300-square-meter mini excavator production line within the existing premises of its [...]
SEOUL, June 5 (Korea Bizwire) – Samsung C&T Corporation has launched an outdoor robot delivery service catering to residents of Raemian apartments that makes use of the Dilly delivery robot. With just a click, the service fetches food and beverages from nearby stores and transports them directly to the apartment complex. The pilot program is currently [...]