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S. Korea, Uzbek Hold Biz Meeting Over Wider Cooperation

S. Korea, Uzbek Hold Biz Meeting Over Wider Cooperation

SEJONG, Feb. 12 (Korea Bizwire) – Businessmen from South Korea and Uzbekistan held a meeting in Tashkent on Monday to push for greater cooperation between the two nations, Seoul’s finance ministry said. The meeting, also attended by government officials from the both sides, including South Korean Finance Minister Kim Dong-yeon, was arranged to hear the [...]

Hyundai Heavy’s Earnings Shock May Lead to Major Rating Downgrade of All Shipbuilders

Hyundai Heavy’s Earnings Shock May Lead to Major Rating Downgrade of All Shipbuilders

SEOUL, Aug. 8 (Korea Bizwire) – Across-the-board downgrading of the credit ratings of Korean shipbuilders is likely. Since the 2008 global financial crisis, major Korean shipbuilding firms have invested heavily in offshore plants and took on a huge amount of orders in FPSO (floating production storage and offloading) and other related areas as a way to overcome [...]