SEOUL, Feb. 8 (Korea Bizwire) — Samsung Engineering Co., a major South Korean industrial plant builder, said Thursday that its joint venture secured a US$ 3.1 billion deal to upgrade an oil refinery in the United Arab Emirates. Under the deal with the Abu Dhabi National Oil Company (ADNOC), Samsung and Netherlands-based CB&I will introduce [...]
SEOUL, Feb. 1 (Korea Bizwire) — Kia Motors Corp.’s Niro has been named Green Car Journal’s 2018 top sport utility vehicle (SUV) of the Year in the United States, the company said Thursday. The Niro crossover, which went on sale early last year, beat rivals from Chevrolet, Mini and Volvo for the “Green SUV” title [...]
SEOUL, Jan. 24 (Korea Bizwire) — LG Electronics Inc.’s OLED television has been chosen as the best for viewing the Feb. 4 Super Bowl by Consumer Reports, the magazine’s website said Wednesday. The LG Signature OLED TV W 65W7P got the highest evaluation in the article “Best TVs for the Super Bowl” by the U.S. [...]
SEOUL, Dec. 21 (Korea Bizwire) — Norway has signed a contract to buy two dozen K9 Thunder self-propelled 155mm howitzers from South Korea, a show of the artillery system’s competitiveness in the European market, its manufacturer announced Thursday. Under the 245.2 billion-won (US$226.3 million) deal, Hanwha Land Systems will deliver 24 K9 howitzers and six [...]
SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung C&T Corp., the construction unit of Samsung Group, said Monday it has won a US$602 million project to build an underground expressway in Singapore. Under the contract, Samsung C&T will design and construct the 1.25 kilometer stretch of the underground expressway between Novena Rise and Toa Payoh Rise, [...]
SEOUL, Nov. 24 (Korea Bizwire) — Samsung Electronics’ induction electric cooktops received perfect scores from the U.S. Consumer Report, company officials said Friday. A review of cooking appliances being sold in the United States placed Samsung’s 30-inch cooktop at No. 1, ahead of rival models from General Electric and Kenmore, which both received 99 points. [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korean biopharmaceutical firm Samsung Bioepis Co. said Monday it has won approval from European authorities for the sale of its biosimilar drug Ontruzant. The European Commission (EC) accepted Samsung Bioepis’ application to sell the biosimilar referencing Switzerland-based Roche Holding’s Herceptin, also known as Trastuzumab, the company said. The [...]
SEOUL, Nov. 14 (Korea Bizwire) — SK Planet Co., the operator of local e-commerce platform 11st, said Tuesday its Turkish unit posted 42 billion won (US$37.5 million) in transactions during an online shopping event held last week, marking the highest daily ever record. The new peak was set during a shopping promotion held by n11, [...]
JAKARTA, Aug. 29 (Korea Bizwire) — A South Korean-made submarine has arrived at a port of the Indonesian Navy’s Eastern Fleet in Surabaya after 16 days of sailing from South Korea, the country’s Navy said Tuesday. The arrival of the new submarine, the KRI Nagapasa 403, on the previous day came after South Korea’s Daewoo [...]