GS Engineering and Construction announced Wednesday that its UK-based subsidiary modular company Elements Europe has secured a construction contract for the Camp Hill project, the largest modular housing project in the UK. The project, valued at around 210 billion won ($164 million), is a city redevelopment project by the UK's Goodstone Living at Camp Hill site located around 1.6 kilometers from the Birmingham city center. The project aims to construct six buildings, spanning three to 26 f

The state-run Korea Development Bank and Korea Ocean Business Corp., the two largest shareholders of debt-ridden shipping company HMM, are seeking to sell their shares for at least 5 trillion won ($3.9 billion), according to industry sources Friday. The two organizations said they are selling a combined 40.65 percent controlling stake in HMM, together with perpetual convertible bonds worth 2.68 trillion won. A perpetual bond has no maturity date and can be converted into equity. From 2018 to 2

KUALA LUMPUR, Malaysia, July 17, 2023 /PRNewswire/ -- The Golden Bull Award, a symbol of success in business, proudly celebrates its 20th anniversary. This illustrious award, established in 2003, is among the first business awards in Malaysia. This year, 156 outstanding businesses received the Golden Bull Award over two days. VIPs at the Golden Bull Award 2023 Malaysia (Start from left) Dato' Lock Peng Guan, Managing Partner of Baker Tilly Malaysia, Eric Chin, Chief Executive Officer of CTO

Posco Holdings said Sunday it has completed the construction of a new secondary battery recycling plant at the Yulchon Industrial Complex in South Jeolla Province. The new plant is operated by Posco HY Clean Metal, a joint venture set up between Posco Holdings, Huayou Cobalt and GS Energy. The facility is capable of processing 12,000 metric tons of black mass and collects 2,500 tons of nickel, 800 tons of cobalt and 2,500 tons of lithium carbonate from it. Black mass -- a powdery faction that co

GS Engineering and Construction will completely rebuild its apartment complex in Incheon after an underground parking lot collapsed in April due to poor construction. The apartment complex, being built by GS E&C and developed by Korea Land and Housing Corp. (LH), was set to be completed in October. GS E&C will tear down and reconstruct 17 apartment buildings for 1,666 households in Geomdan New Town in Incheon. The reconstruction will cost the builder around 500 billion to 1 trillion won

South Korean oil refiner GS Caltex said Friday that it has teamed up with national flag carrier Korean Air to promote the demonstration of Sustainable Aviation Fuel to reduce carbon emissions in the atmosphere. Through the partnership, GS Caltex will supply SAF -- an alternative to conventional fossil aviation fuel produced with biological and nonbiological resources -- to Korean Air on international flights departing from Incheon. The two signed a memorandum of understanding at GS Tower in Gang

Uptown Cocktails, a leading cocktail brand in the US, has hit the Korean market with its high-quality products with vibrant designs while delivering a memorable taste. Southern Champion, the brand’s producer, and The IB Korea, the wholesale retailer for the brand, have brought the Uptown Margarita, Blue Hawaiian and Pina Colada flavors to South Korea, which are now available for purchase. Another flavor, Caribbean Punch, will also be available in the second half of the year. Uptown Margari

With South Korean President Yoon Suk Yeol taking his largest economic delegation involving top conglomerate chiefs on a state visit to Vietnam on Thursday, anticipation is growing on new joint business opportunities their trip will create for the two countries. For the three-day state visit, Yoon has formed his largest-ever delegation to accompany him, consisting of 205 entities -- 24 conglomerates, 28 mid- and small-sized companies, six economic lobbying groups, six economic associations and th

MakinaRocks, a leading pioneer in industrial AI, recognized for its achievements in Manufacturing NEW YORK, June 21, 2023 /PRNewswire/ -- CB Insights today named MakinaRocks to its seventh annual AI 100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world. MakinaRocks Named to the 2023 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups. "This year's AI 100 cohort are developing game changing innova

COPENHAGEN, Denmark, June 20, 2023 /PRNewswire/ -- KEPCO Nuclear Fuel (KNF), GS Engineering & Construction, and Seaborg have announced a collaboration to investigate the feasibility of developing a LEU fuel salt production facility in South Korea. The three companies share the common vision of pursuing a position within fluoride fuel salt supply for the global 4th generation nuclear energy market. Signing ceremony between KEPCO Nuclear Fuel, GS E&C, and Seaborg Seaborg's

South Korean business leaders on Wednesday reaffirmed their will to lead the global hydrogen economy and accelerate the hydrogen transformation in the country as they announced a set of initiatives to create and bolster the hydrogen ecosystem at the second general assembly of the Korea H2 Business Summit held in Seoul. The participants from the 17 members of the Korea H2 Business Summit, a corporate-led hydrogen alliance that kicked off in September 2021, underlined the country's transforma

Shortly after taking power, North Korean leader Kim Jong-un said in 2012 that he wouldn’t have his people “tighten their belts again.” He has pushed to overhaul the agricultural system and enhance crop yields since then, but food shortages have continued. This year, the Kim regime has prioritized enhancing grain production among its 12 major economic goals. The ruling party views agricultural challenges as a “life-or-death matter for the survival and development of the co

In South Korea, convenience stores are more than mere quick stops for a snack or drink. As the cost of living continues to rise, these ubiquitous stores have become a favorite lunch destination, offering a wide array of options, from triangular seaweed rolls or gimbap, to noodles, snacks and desserts. However, the pressing question remains: Can these quick and cheap foods also be healthy? Salt and sugar Prepackaged and processed foods, like the items sold at convenience stores, tend to contain h

LG Electronics announced Monday it has joined RE100 initiative to go net zero by 2050. The RE100 initiative, introduced by The Climate Group in partnership with the Carbon Disclosure Project in 2014, sets a 2050 target for using 100 percent renewable electricity. Global tech giants such as Samsung Electronics, Apple, TSMC and Sony have already joined the initiative. LG Electronics said it will gradually increase the percentage of renewable electricity usage to 60 percent by 2030, and then to 90

LG Electronics said Thursday it has kicked off mass production of electric vehicle chargers, officially tapping into the burgeoning market. Celebrating the production of its first EV charger, the company introduced four new models in the works at a ceremony at LG Digital Park in Pyeongtaek, Gyeonggi Province, Wednesday. During the event, the company announced the rebranding of its EV charger affiliate AppleMango to HiEV Charger. “The start of EV charger production marks a significant miles