SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
SEOUL, July 31 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering announced that it has signed a contract to provide complete diagnosis and consulting service for enhancing efficiency in shipyard operations, with BAE Systems Surface Ships Ltd. of Britain. The main purpose of this agreement is to conduct diagnosis on BAE’s shipbuilding business and dockyard operation system [...]
SEOUL, July 7 (Korea Bizwire) – Korea EximBank said on July 4 that it would provide a shipping finance worth US$295 million to China’s Minsheng Financial Leasing that has signed a deal to purchase three 18,400-TEU containerships from Daewoo Shipbuilding & Marine Engineering. Of the loans that the Korean state-run bank provides, 50 percent will be guaranteed [...]
SEOUL, June 3 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering has succeeded in developing a new welding technology called the “large-scale horizontal deposit automated welding.” The company said on June 2 that it has successfully completed a pilot run using the newly developed technology. The business of shipbuilding involves a lot of horizontal welding in [...]
SEOUL, May 28 (Korea Bizwire) – After cooperation for the smart shipyard, SK Telecom and Daewoo Shipbuilding & Marine Engineering (DSME) decided to work together for the development of “smart ships.” On May 27, the two companies signed an agreement for the development of the smart ship. A smart ship is a next-generation vessel equipped [...]
SEOUL, May 8 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering (DSME) continues winning orders for commercial vessels by receiving orders of two ultra-large LPG carriers. DSME announced on April 7 that it signed a contract to build two very large gas carriers (VLGCs) with an Asian client. The value of a vessel is approximately [...]
SEOUL, Korea, April 15, 2014 (Korea Bizwire) – On average male employees of Korea’s top-20 largest companies receive 1.5 times more salaries than female counterparts. According to a business report issued by top 20 companies (not including financial service firms), excluding SK Networks where the average annual salary by gender is not specified, male employees’ [...]
SEOUL, Korea, Mar 7 (Korea Bizwire) – Samsung Heavy Industries won on February 14 a deal to build a floating liquid natural gas (FLNG) ship for Malaysia’s state-run oil company Petronas at the cost of US$1.47 billion. Given most container ships cost about $200 million apiece, this is more than seven times more expensive. Including [...]