SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., an energy solution unit of shipbuilding giant Hyundai Heavy Industries Group, has teamed up with GE Renewable Energy, a subsidiary of U.S. industrial giant General Electric Co., to launch an offshore wind power venture. The two parties signed a strategic partnership to make [...]
SEOUL, Feb. 17 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., a unit of top shipbuilder Hyundai Heavy Industries Co., has teamed up with a foreign company to launch into the offshore wind power market. The company on Wednesday signed a memorandum of understanding with GE Renewable Energy, a division of U.S. industrial giant [...]
SEJONG, Jan. 17 (K0rea Bizwire) — South Korea’s corporate watchdog slapped a 6.2 billion won (US$5.8 million) fine on German industrial giant Siemens’s Korean affiliates for abusing their dominance in the local aftermarket for medical equipment, such as CT and MRI. According to the Fair Trade Commission, Siemens affiliates changed contract terms for their software programs, used for the maintenance of their CT and MRI equipment, depending on whether [...]
SEOUL, Jun. 29 (Korea Bizwire) — SK Group, a South Korean energy and telecom conglomerate, said Thursday that it plans to strengthen business ties and expand investment in the U.S. shale gas sector. Chey Tae-won, chairman of SK Group, attended a ceremony in Washington on Wednesday (local time) to sign a memorandum of understanding with [...]
SEOUL, May 26 (Korea Bizwire) – State-run Korea Electric Power Corp. (KEPCO) said Thursday it has joined forces with General Electric for co-investment in the development of next-generation electric power facilities. The South Korean utility firm and the U.S. aviation and energy conglomerate held an opening ceremony of its joint office in Naju, some 399 [...]
LONDON, Jan. 12, 2015 (Korea Bizwire) — PwC announced today that Sigal Zarmi has been named Vice-Chairwoman and Network Chief Information Officer (CIO) for PricewaterhouseCoopers International Limited. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=29999 Ms. Zarmi is responsible for the delivery of IT services to the PwC network, developing and implementing PwC’s IT [...]
BENTONVILLE, Ark. April, 9, 2014 (Korea Bizwire)–Walmart announced plans today to purchase energy-efficient LED ceiling lighting fixtures for new supercenters in the United States, stores in Asia and Latin America, and Asda locations in the United Kingdom. The new fixtures will use 40 percent less energy than lighting sources historically used in stores, and will [...]