SEOUL, Dec. 1 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has clinched a US$432.4 million order to build four very large ammonia carriers for a European shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]
SEOUL, Nov. 29 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday it has joined hands with Japan-based console game developer Sony Interactive Entertainment (SIE) to expand its global business. NCSOFT CEO Kim Taek-jin and SIE CEO Jim Ryan signed a strategic partnership to strengthen cooperation in the [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean shipbuilders are widely expected to lag far behind their Chinese rivals in new global orders to place second worldwide in 2023 amid falling demand, according to industry data Wednesday. Local shipyards won a combined 9.55 million compensated gross tons (CGTs) in new orders in the first 11 [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s exports of dried laver, or “gim” in Korean, and cooked rice reached an all-time high during the first 10 months of this year on their brisk overseas demand along with the popularity of Korean culture and food, the customs agency said Wednesday. Outbound shipments of gim came [...]
SEOUL, Nov. 28 (Korea Bizwire) — Nearly 4 in 10 South Korean construction firms were unable to service their debts with earnings in 2022 due mainly to falling profitability, a poll showed Tuesday. A total of 929 local builders had an interest coverage ratio of below 1 last year, accounting for 41.6 percent of all [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector. The New York-based Roon is a comprehensive music management and listening solution catering to music enthusiasts, [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding unit of chemical-to-aerospace conglomerate Hanwha Group, said Monday it has received a 163 billion-won (US$125 million) ammonia ship order from an unspecified client in the Oceania region. Hanwha Ocean will build the ammonia carrier by September 2026 for the unidentified shipper in the Oceania [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, said Monday it has established a unit tasked with planning “future business,” as part of the electronics giant’s annual reshuffle of its top-level executives. The unit will be led by longtime Samsung executive Jun Young-hyun, currently vice [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. has been promoting Busan’s bid to host the 2030 World Expo with displays in major European cities, company officials said Friday. Samsung recently installed new billboards advertising the southeastern port city’s attractions and displaying a message of support for Busan’s expo bid [...]
SEOUL, Nov. 24 (Korea Bizwire) – An individual, referred to only as A, inserted a 50,000 won bill into a machine at a self-photo studio. Later, he discovered a small notice inside the machine stating that no change would be provided. The amount of change owed to the individual was not insignificant, but there was no [...]