SEOUL, Oct. 5 (Korea Bizwire) – The board of state-run Korea Power Electric Corp. (KEPCO) on Monday approved the company’s plan to participate in a coal-fired power plant construction project in Vietnam despite environment-related controversies. A slew of South Korean companies are seeking to implement the US$2.2 billion project to build the 1,200-megawatt Vung Ang [...]
HO CHI MINH CITY, VIETNAM, Sept. 29 (Korea Bizwire) – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG – DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (“DEG”). DEG will invest in convertible [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea said Thursday it has agreed with Vietnam and Russia to resume flights following months of suspension over the new coronavirus outbreak. Flights linking Incheon, west of Seoul, with Vietnamese and Russian cities will start this and next month, according to the land and foreign ministries, helping businesspeople [...]
BUSAN, Sept. 16 (Korea Bizwire) – The retired marine training ship Hannara, which has been used by the Korea Maritime and Ocean University, left the South Korean port of Busan to complete its new mission on Tuesday. The training ship is set to arrive at the port of Haiphong, the largest trading port in Vietnam’s [...]
HANOI, Aug. 27 (Korea Bizwire) — Park Hang-seo, the South Korean head coach of the Vietnamese men’s national football team, has received a state badge of honor for his accomplishments in his adopted home. The Vietnamese government bestowed the second class Order of Labor upon Park at a ceremony at the Vietnam Football Federation headquarters [...]
SEOUL, Aug. 14 (Korea Bizwire) — URI-T, an underwater construction robot developed using South Korean technology, has been sent to Vietnam to bury gas pipelines under the sea floor. The robot is a part of an underwater construction robot development project carried out by the Ministry of Oceans and Fisheries. Developed in 2018, the robot [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea said Monday it has completed negotiations with Vietnam to ship paprika, a type of bell pepper, to the Southeast Asian country. Seoul had been negotiating with Hanoi since 2008 on export terms for paprika, whose outbound shipments currently depend heavily on neighboring Japan, according to the Ministry [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korean fashion firms based in Vietnam are expected to benefit from the free trade agreement (FTA) between the Southeast Asian country and the European Union, which went into effect this month, a report showed Tuesday. “Under the agreement, clothes producers based in Vietnam can enjoy the benefit of [...]
SEOUL, Aug. 3 (Korea Bizwire) — The Vietnamese government allowed a group of South Korean business people to enter the country through the Hanoi’s main international airport despite its coronavirus entry ban on foreigners, a South Korean business lobby group said Friday. This was the first time that the Vietnamese government opened the capital-based airport [...]
SEOUL, July 31 (Korea Bizwire) — Major home appliance maker LG Electronics Inc. is considering building a new research and development (R&D) center in Vietnam, industry sources said Friday, as it tries to expand its presence in the Southeast Asian market. During a meeting between Vietnamese Prime Minister Nguyen Xuan Phuc and South Korean companies [...]