SEOUL, Dec. 6 (Korea Bizwire) — Samsung C&T Corp. said Friday it has partnered with Swedish energy company Karnfull Next AB to pursue joint projects in the European small modular reactor (SMR) market. The South Korean engineering and construction company said it signed a memorandum of understanding for future joint projects with Karnfull Next at [...]
SEOUL, Nov. 26 (Korea Bizwire) — Samsung C&T Corp. said Tuesday it has won a power plant construction project worth approximately 4 trillion won (US$2.85 billion) from Qatar’s state power company. Under a consortium with Japan’s Sumimoto Corp., Samsung C&T will build a power plant complex that will also include a desalination facility in the [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung C&T, a major player in South Korea’s construction industry, announced on October 9 the launch of its new building platform, Bynd, marking a significant step in the company’s expansion into digital space innovation. The platform integrates various services essential for commercial buildings, leveraging cutting-edge technologies such as generative artificial [...]
SEOUL, Sept. 27 (Korea Bizwire) – A Seoul court on Friday dismissed a suit filed by U.S.-based hedge fund Elliott seeking some 26.7 billion won (US$20.2 million) in delayed interest from Samsung C&T as a fallout of the 2015 merger of two Samsung units. Elliott, which owned a 7 percent stake in Samsung C&T, led a [...]
SEOUL, Jul. 10 (Korea Bizwire) – Samsung C&T Corporation, a major player in South Korea’s construction industry, is set to revolutionize home automation by introducing a service that controls various Internet of Things (IoT) devices from different brands through its proprietary home platform application, Homeniq. The construction division of Samsung C&T announced on July 9 that [...]
SEOUL, Jan. 11 (Korea Bizwire) –Samsung C&T Corp., a major South Korean general trading firm and builder, said Thursday it has completed a 118-story skyscraper in Kuala Lumpur, the second-tallest building in the world. An opening ceremony was held Wednesday for Merdeka 118, a 679-meter-high complex building in the central part of the Malaysian capital, [...]
SEOUL, Sept. 14 (Korea Bizwire) — Samsung C&T Corp., South Korea’s top builder, said Thursday it has signed a deal with a U.S. renewable energy firm to sell 15 photovoltaic power stations and energy storage systems (ESSs) under construction in Texas. The deal calls for Samsung C&T Renewables, an American unit of the builder’s trading [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean builder Samsung C&T Corp. will build modular homes in Saudi Arabia, the land and transport ministry said Wednesday. Land Minister Won Hee-ryong on Tuesday held a meeting with Yasir bin Al-Rumayyan, Governor of the Public Investment Fund (PIF), in Saudi Arabia with both parties signing a memorandum [...]
SEOUL, Jan. 19 (Korea Bizwire) — Samsung C&T Corp., the construction unit of Samsung Group, said Wednesday it had made new employee ID card cases by recycling waste helmets from its construction sites. The company said that it was the first among domestic companies to make employee ID card cases using waste generated during business [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korean builder Samsung C&T Corp. said Wednesday it has clinched an 800 billion-won (US$598 million) deal to build a massive solar farm in Qatar. Under the deal with Qatar’s state-run QatarEnergy, the construction unit of Samsung Group will construct a 417-megawatt solar power plant in Mesaieed, some 40 [...]