SEOUL, Nov. 26 (Korea Bizwire) — Samsung C&T Corp. said Tuesday it has won a power plant construction project worth approximately 4 trillion won (US$2.85 billion) from Qatar’s state power company. Under a consortium with Japan’s Sumimoto Corp., Samsung C&T will build a power plant complex that will also include a desalination facility in the [...]
SEOUL, Nov. 26 (Korea Bizwire) – A leading South Korean garment manufacturer, ShinTS, has inaugurated a large-scale recreational park for its workers at its Ethiopian manufacturing facility, marking a significant expansion of its employee welfare initiatives in Africa. The opening ceremony for the park and daycare center, held on November 22 at the company’s facility in [...]
SEOUL, Nov. 26 (Korea Bizwire) – Two of South Korea’s biggest shipbuilders have withdrawn their legal complaints against each other, marking a potential turning point in their fierce rivalry amid a historic boom in the nation’s defense industry. HD Hyundai Heavy Industries and Hanwha Ocean announced on November 25 that they would drop their respective criminal [...]
SEOUL, Nov. 25 (Korea Bizwire) – Genesis announced the launch of its Proactive Care Service on Saturday, a cutting-edge offering aimed at improving the driving experience for its customers through real-time remote diagnostics. The service proactively detects vehicle malfunctions or irregularities during operation and provides notifications via the My Genesis app or SMS. Depending on the [...]
SEOUL, Nov. 25 (Korea Bizwire) — In an effort to tackle persistent floor noise issues in apartments, Korea Land and Housing Corporation (LH) unveiled the country’s largest soundproofing testing facility, the ‘Decibel 35 Lab,’ located at the Sejong Housing Performance Research and Development Center. This new facility simulates real apartment environments, allowing for in-depth testing [...]
SEOUL, Nov. 25 (Korea Bizwire) — The business presence of South Korean companies in China has withered palpably in recent years amid toughened competition from local rivals and sluggish domestic demand in the neighboring country, according to industry watchers Monday. In September, LG Display Co. sold its liquid-crystal display (LCD) factory in China’s Guangzhou to [...]
SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group’s chief has mentioned the possibility of collaboration with Japan’s Toyota Motor Corp. in areas involving hydrogen-powered mobility. Euisun Chung, executive chair of Hyundai Motor, said, “(Hyundai and Toyota) are discussing hydrogen and trying to collaborate well together.” Chung made the remark Sunday while meeting with reporters [...]
POHANG, South Korea, Nov. 25 (Korea Bizwire) — A POSCO factory in the southeastern city of Pohang has suffered its second fire in two weeks, officials said Monday, with no casualties reported. The fire started at the steel company’s patented No. 3 Finex furnace of the plant, located some 270 kilometers southeast of Seoul, at [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the recent suicide of a single mother in her 30s who was harassed by loan sharks, experts are calling for stronger enforcement of debt collection laws amid continuing reports of illegal collection practices. According to the Supreme Court’s Judicial Yearbook released November 24, only 13 cases (16.7%) out of [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the devastating Mercedes-Benz EQE fire in an Incheon apartment complex parking garage last August, which damaged approximately 800 vehicles, concerns about rising auto insurance premiums have become reality, even as traffic accidents and fatalities decline. According to the Korea Automobile Citizens’ Association, traffic fatalities have dropped by half, from [...]