Seoul, Mar. 3 (Korea Bizwire) — Samsung Heavy Industries has won a contract to build the world’s largest container ships from Japan’s MOL (Mitsui O.S.K. Lines) for 609.2 million dollars, said the company on March 2. Samsung Heavy Industries is due to build, by 2017, four 20,000 TEU class container ships whose deck size will equal that of [...]
SEOUL, Feb. 24 (Korea Bizwire) – The Korea Land and Housing Corporation (LH) has been chosen to find the best location for a new city development project in Uganda. LH announced on February 23 that its consortium won an order to select the site of a new city adjacent to Kampala, which will be developed by [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s top air carrier Korean Air Line Co. has signed a memorandum of understanding (MOU) with Europe’s Airbus to jointly bid for Seoul’s indigenous fighter development project, Korean Air officials said Sunday. Codenamed KF-X, the 8.5 trillion won (US$8.3 billion) project calls for South Korea to develop fighter jets [...]
SEOUL, Feb. 18 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering (DSME), the second largest shipbuilder in the world, has had eleven of its vessels selected as the best ships of 2014 by several magazines exclusively dedicated to shipbuilding and shipping, including Naval Architect, Maritime Reporter and Marine Log, said the company on January 21. Three container [...]
SEOUL, Feb. 17 (Korea Bizwire) – The Malaysian government is planning to set up a housing guarantee corporation to protect buyers, and is considering the introduction of a Korean style housing guarantee system. The Korean Housing Guarantee Corporation (KHGC) announced that it recently held a meeting with Malaysian officials from the Ministry of Urban Wellbeing, [...]
SEOUL, Feb. 16 (Korea Bizwire) — Las Vegas Sands Corp., one of the world’s leading casino and resort developers, officially announced on February 13 at the Busan Metropolitan City Office that it plans to develop an integrated resort at the Busan North Port urban renewal area. George Tanasijevich, CEO of Sands Corp.’s subsidiary Marina Bay Sands, revealed [...]
DAEGU, Feb. 11 (Korea Bizwire) – The Daegu Metropolitan Transit Corporation (DTRO) has started limited operation of its new no. 3 transit line, the first monorail train in Korea, with the goal of opening the service to the public in April, officials said in a statement on February 9. For the next 60 days, 28 line no. 3 [...]
The construction company announced on February 4 that it received the certification of no accidents for 15 million man-hours from the Land Transport Authority (LTA) of Singapore as there have been no accidents in the 66 months since the groundbreaking in June 2009. The 15 million accident-free man-hours record is far from easy to accomplish, since [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, proposed building a 115-story structure on the land it bought from Korea Electric Power Corp. (KEPCO) last year, Seoul city officials said Sunday. The building planned by the group would be 571 meters tall and have a floor area ratio of [...]
“POSCO will help India make the leap towards becoming a core base in the automobile and components industry, and POSCO will play a role in the achievement of the ‘Made in India’ vision, which contains the will of the Indian government to invigorate the manufacturing sector. By going beyond being a simple steel supplier, POSCO [...]