Global Sae-A Completes Acquisition of Ssangyong E&C

Trading (Textiles & Apparel), Tailim (Paper & Packaging), Sae-A STX Entech (Global EPC), Valmax (Hydrogen Energy), IN THE F, S&A (Korean Domestic Apparel and Accessories), and S2A (Arts & Culture). As a

PK Valve develops Korea’s first valve for liquified hydrogen

PK Valve & Engineering, a subsidiary of STX, which specializes in industrial valves, said it has developed the country’s first valves for liquefied hydrogen after three years of research and

On presidential pardon, Lotte chief vows investment in biotech, hydrogen

, however, he was on parole for bribery until October 2023. Other business leaders set to be pardoned are Chang Sae-joo, Dongkuk Steel Mill Chairman, and former STX Group Chairman Kang Duk-soo.

South Korea pardons chaebol chiefs to help COVID-19 recovery

gratitude to the South Korean government and people” and “vows efforts for the recovery from the economic crisis.” Also receiving pardons are Dongkuk Steel’s chairman Jang Se-ju and STX Group’s ex-chairman

K Shipbuilding to join forces with Norwegian firm for smart ships

Midsized shipyard K Shipbuilding Co., formerly known as STX Offshore & Shipbuilding Co., said Wednesday it has signed a preliminary deal with Kongsberg Digital AS to cooperate on digital technologies

STX Offshore wins orders for 12 ships

Midsized shipyard STX Offshore & Shipbuilding Co. said Wednesday that it has signed deals to build 12 ships with Oceanian companies. The vessels include two 10,000-ton petrochemical carriers (PCs

[Top Bankers] Hard-nosed dealmaker at the crossroads as SsangYong stares down the barrel

public share offering and use part of its proceeds to acquire Asiana Airlines. In the meantime, STX Offshore & Shipbuilding’s control is also about to be handed over to a consortium comprising KH

Sale of 3 midsized shipbuilders in final stage

COVID-19 outbreak. The midsized shipbuilders -- Hanjin Heavy Industries & Construction Co., STX Offshore & Shipbuilding Co. and Daesun Shipbuilding Engineering Co. -- were put up for sale last year due to

PEF-led consortium picked as main bidder for STX Offshore

Midsized shipyard STX Offshore & Shipbuilding Co. said Friday its creditors led by the state-run Korea Development Bank (KDB) have picked a consortium as the prime bidder for the shipbuilder. On Nov

Creditors invite bidders for STX Offshore

Mid-sized shipyard STX Offshore & Shipbuilding Co. said Tuesday that its creditors led by the Korea Development Bank (KDB) have invited preliminary bidders to sell their stake in the shipbuilder. On