SEOUL, Sept. 5 (Korea Bizwire) — A unit of state-run Korea Electric Power Corp. (KEPCO) said Thursday that a US$1.05 billion project to build a gas power plant in the U.S. has begun, with completion eyed for 2022. The Korea Southern Power Co. (KOSPO) will operate the 1,085-megawatt capacity gas power plant in Niles, a [...]
SEOUL, Jun. 26 (Korea Bizwire) — A new school curriculum on the Korean War has been published for elementary, middle, and high schools in the United States. The Korean War Legacy Foundation, a non-profit organization in the U.S., announced the release of the new compilation of the Korean War jointly with the National Council for [...]
SEOUL, May 14 (Korea Bizwire) — Lotte Group, South Korea’s retail-to-chemicals conglomerate, has been accelerating its move to tap deeper into the United States, the world’s largest economy, with its cumulative investments reaching some US$4 billion in production facilities and other areas, industry sources said Tuesday. In its latest investment, Lotte Chemical Corp., the group’s [...]
SEOUL, Sept. 27 (Korea Bizwire) — With U.S. President Donald Trump continuing to push to implement policies to export liquefied natural gas (LNG), South Korea was found to be the largest importer of American LNG this year. According to a recent report released by the U.S. Energy Information Administration (EIA), the total amount of LNG [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korea’s pharmaceutical giant Celltrion has become a strong competitor to European and U.S. drugs with its biosimilars, indicated by changes in sales, industry officials said Friday. Multinational drugmaker Roche logged a 44 percent fall in sales of Mabthera, an antibody used to treat rheumatoid arthritis, lymphoma and some [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea’s trade surplus with the United States dropped 17 percent on-year in 2017, despite the fact that no changes have yet been made to the free trade pact that Washington claims unfairly favors Seoul, market watchers said Sunday, citing official data. Observers said trade numbers released by the [...]
NEW YORK, Nov. 27 (Korea Bizwire) — BNP Paribas announces a new joint initiative between its Corporate and Institutional Banking (CIB) and Bank of the West Commercial Banking Group (CBG) to offer Mergers and Acquisitions (M&A) services to Bank of the West commercial clients. This new initiative will provide tailored M&A advice and solutions for [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea may be hit hardest if the United States turns up the heat on China over trade issues as Seoul vies fiercely with Beijing for a bigger slice of the U.S. market, a report said Tuesday. The Korea International Trade Association (KITA) claimed in the report that Washington [...]
SEOUL, Feb. 19 (Korea Bizwire) – Hyundai Motor Co.’s premium brand Genesis is expected to make its debut in North America in the third quarter, possibly intensifying competition in its high-end vehicle market there, industry sources said Friday. Genesis has been the name of the most popular luxury sedan of the South Korean auto giant, [...]
SEOUL, Jan. 27 (Korea Bizwire) - The fifth season of “Show Me the Money,” a South Korean rap competition program, will hold auditions in the U.S., accepting international candidates for the first time, cable channel Mnet said Wednesday. Applications will be accepted from Monday to March 6 for a chance to appear on the season that [...]