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 [...]
SEOUL, May 10 (Korea Bizwire) — Samsung C&T Corp., a South Korean construction firm, said Tuesday it has forged a comprehensive partnership with NuScale Power, a U.S. nuclear technology company, in a move to tap deeper into the small modular reactor (SMR) business. The construction unit of Samsung Group has injected an additional US$50 million [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean refiner, has joined forces with construction company Samsung C&T Corp. to launch a plastic waste recycling business. The two parties announced on Tuesday that they had signed a memorandum of understanding to promote cooperation in the area of the production of eco-friendly chemical [...]