SEOUL, Nov. 10 (Korea Bizwire) – South Korea’s state-run financial institutions will check the profitability of large overseas construction projects and shipbuilding orders to prevent local companies from winning contracts that will lead to losses down the road, the government said Tuesday. In a meeting chaired by Finance Minister Choi Kyung-hwan in Seoul, senior officials [...]
SEOUL, May 6 (Korea Bizwire) — South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in April, retaining the top spot for a third consecutive month, data showed Wednesday. According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders [...]
Singapore, Mar 28, 2014 (Korea Bizwire) – The biennial Asia Pacific Maritime (APM), one of Asia’s largest and leading maritime shows, concluded with a forward-looking outlook. Three days of bustling business activity on the exhibition floor, including signed deals, announcement of new offices and facilities in Singapore, and the launch of new technology and products among [...]