SEOUL, Jan. 6 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) started its export activities for 2025 on Monday with the delivery of a liquefied natural gas (LNG) carrier, according to the company. According to HD KSOE, the vessel being delivered is a 174,000-cubic-meter LNG carrier ordered in June 2022 by [...]
SEOUL, Jan. 3 (Korea Bizwire) — Ashley Queens and Outback Steakhouse, two leading casual dining chains in South Korea, have achieved a retail milestone by establishing locations in all three major department store groups – Lotte, Shinsegae, and Hyundai – marking the first time both restaurants have accomplished this feat. According to industry sources, Eland Eats [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean builders have achieved more than US$1 trillion in accumulated overseas construction deals, the transport ministry said Friday. The achievement comes 59 years after Hyundai Engineering & Construction Co. obtained its first overseas deal to build an expressway in Thailand in November 1965. Local builders secured $32.69 billion [...]
SEOUL, Jan. 3 (Korea Bizwire) — Advertising industry experts predict a significant downturn in South Korea’s advertising market this year, citing growing political uncertainties and deteriorating economic conditions. The absence of major sporting events like the Olympics or World Cup has further dampened prospects for market recovery. As concerns mount over economic growth potentially dropping to [...]
SEOUL, Jan. 3 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Friday it aims to win over US$18 billion worth of orders this year, partly by focusing on high-end and environmentally friendly ships. This year’s annual order target of $18.12 billion is 34 percent higher than last year’s target of [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s industry and defense ministries on Thursday signed an agreement to expand cooperation in using 3D printing technology to produce discontinued military parts. The two ministries have been using 3D printing technology since 2017 to produce parts difficult to procure for warships and tanks, with the latest agreement [...]
SEOUL, Jan. 2 (Korea Bizwire) — With domestic consumption remaining sluggish, South Korean food companies are setting their sights overseas for growth in 2025, capitalizing on the surging global demand for Korean food products through new production facilities and market expansion strategies. CJ CheilJedang, a leading Korean food manufacturer, has unveiled plans to strengthen its presence [...]
SEOUL, Jan. 2 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Thursday it is in the final stage of talks to build a US$160 million bakery plant in Texas under plans to expand its business in North and Latin American markets. SPC is fine-tuning with the City of Burleson in [...]
SEOUL, Jan. 2 (Korea Bizwire) – The average daily wage in South Korea’s construction industry will increase by approximately 2% in the first half of 2025 compared to the same period in 2024, according to data released by the Korea Construction Association on January 1. The findings are based on a September 2024 survey of [...]
SEJONG, Jan. 2 (Korea Bizwire) – South Korea is streamlining its building energy efficiency evaluation system by integrating the Building Energy Efficiency Rating System into the Zero Energy Building (ZEB) Certification Program, the Ministry of Land, Infrastructure, and Transport announced on January 1. The changes are part of the Third Green Building Master Plan (2025–2029), [...]