Posco stresses further leap for next 50 years
IndustryJanuary 2, 2017
Posco Chairman Kwon Oh-joon on Monday vowed to bring the company to greater heights over the next 50 years, at a New Year’s meeting at the company’s headquarters in Pohang, North Gyeongsang Province....
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Hanwha E&C collects $560m from Iraq for city projectIndustryJanuary 2, 2017Korean firm Hanwha Engineering and Construction received about $560 million in construction fees last week from the Iraqi government for its ongoing new city project, the company said Monday. "A Tow... -
SK Innovation to pour W3tr to speed up growthIndustryJanuary 1, 2017Korea’s top oil refiner SK Innovation will inject up to 3 trillion won ($2.5 billion) into its petrochemical, petroleum development and battery business to expand the business growth, the company sai...
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S-Oil donates W2b to underprivilegedIndustryDecember 29, 2016Korean oil refiner S-Oil has donated 2 billion won ($1.6 million) to the underprivileged as part of its regular efforts to support those in need, the company said Thursday. S-Oil CEO Othman Al-Ghamd... -
Daelim Industrial bags W2.3tr construction deal with IranIndustryDecember 29, 2016Daelim Industrial has bagged a 2.3 trillion won ($1.9 billion) construction deal with Iran, marking the largest construction contract that a Korean company has won since economic sanctions on the Mid... -
DSME to enforce unpaid leave for office workersIndustryDecember 28, 2016Daewoo Shipbuilding and Marine Engineering said Wednesday it will initiate one month of unpaid leave for all office workers starting from next year as part of its cost-saving efforts. The shipbuilde... -
Posco strives to lead automotive steel marketIndustryDecember 27, 2016Korea’s top steelmaker Posco has been making aggressive investment moves to take the lead in the global automotive steel market, shipping 8.7 million tons of automotive steel to global carmakers last... -
Daewoo E&C collects W387.1b for project in MoroccoIndustryDecember 27, 2016Daewoo Engineering and Construction said Tuesday it has received about 387.1 billion won ($323 million) of construction fees in the past two months from Morocco’s Safi Energy Company for building a c... -
Doosan Heavy bags W2.8tr deal with IndiaIndustryDecember 26, 2016Doosan Heavy Industries and Construction has bagged a deal worth 2.8 trillion won ($2.3 billion) to build two coal-fired plants in India, the company said Monday. Korea’s top equipment maker said it... -
Shipping alliance reshuffle may hit Busan Port: reportIndustryDecember 23, 2016The upcoming reorganization of global shipping alliances is likely to hit Korea’s largest port in Busan, a report showed Friday. According to the Korea Maritime Institute’s report, the harbor volume... -
Stock price output mixed for ship-related sectorsIndustryDecember 22, 2016Stock prices of the Korean shipping and shipbuilding industries for next year are projected to be mixed amid the market’s tough conditions and ongoing restructuring, experts said Thursday. Analysts ... -
3 Korean shipbuilders picked as most influential in Lloyd’s ListIndustryDecember 20, 2016The heads of three Korean shipbuilders have been selected as some of the most influential figures in the shipping industry, a UK journal reported Tuesday. According to Lloyd’s List of the “100 most ... -
Massive sales credit poses risks to local constructorsIndustryDecember 20, 2016The accumulative sales credit of nine major construction firms in Korea exceeded 25 trillion won ($21 billion) this year, posing potential credit risk to the companies, the financial industry said Tu... -
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[Herald Interview] Pyeongtaek Port moving fast to foster new growth enginesIndustryDecember 19, 2016Newly established shipping routes from Pyeongtaek Port are giving it a competitive edge as the gateway for Korea’s exports to Southeast Asia for local industries, the head of state-run Gyeonggi Pyeon... -
Korean industries show mixed reactions to oil price hikeIndustryDecember 18, 2016Korean industries showed mixed reactions to the rising global crude oil price over the weekend, with the ailing shipbuilders expressing relief, while aviation and shipping businesses remained cautiou...
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