Articles by Kim So-yeon
Kim So-yeon
-
Daewoo E&C paves way for sustainable growth with financial stability
Daewoo Engineering & Construction said Friday it is accelerating efforts to pave the way for sustainable growth by strengthening its internal management amid uncertain external conditions. Last year, Daewoo E&C achieved an all-time high operating profit of 760 billion won ($583 million), while its consolidated sales reached 10.4 trillion won. Amid the real estate market downturn in 2022, the company exhibited risk management skills by earning 5.2 trillion won from urban maintenance proje
Industry March 31, 2023
-
Hyundai Mipo Dockyard wins W240b order from Africa
South Korea's shipbuilder Hyundai Mipo Dockyard said Friday that it has recently signed a contract to supply four medium-sized product carriers to an Africa-based shipping company. The contract is worth a total of 240 billion won ($186 million). The product carriers will be built at Hyundai Mipo Dockyard in Ulsan and delivered to the shipping company from the second half of 2025. Hyundai Mipo Dockyard recently received orders for a total of 11 medium-sized product carriers in February. Foll
Mobility March 31, 2023
-
Upgraded Hanmac released
South Korea’s top brewer, Oriental Brewery, said Wednesday it is releasing an upgraded version of Hanmac, its Korean rice-based lager beer that made its grand debut in 2021. Hanmac was launched as “Korea’s most representative lager project” to celebrate the 100th anniversary of the nation’s beer history. Being loved for its unique refreshing flavor and softness, the beer is making a comeback under the slogan, “Smooth Korea.” The brewer said the new Hanma
Consumer March 29, 2023
-
Hyosung chairman named CEO of the year
Hyosung Group Chairman Cho Hyun-joon on Tuesday received the 38th CEO Grand Prix, one of the top honors given to business leaders in Korea, the textile-to-energy giant said Wednesday. The annual award, presented by the Korean Academic Society of Business Administration, has honored entrepreneurs who contribute to the nation’s economic growth with spirited entrepreneurship and excellent management skills since 1987. The Hyosung chairman, since his inauguration in 2017, was credited for re
Industry March 29, 2023
-
GS Group joins forces to support Busan’s Expo bid
Energy-to-construction conglomerate GS Group said Tuesday it has hung banners supporting Busan’s bid to host the 2030 Expo outside the office buildings of its key affiliates. The group hung a large promotional banner at the entrance of the main gate of GS Tower, its headquarters in Yeoksam-dong, southern Seoul, while covering the outer wall of the landmark with a separate banner containing the phrase “World Expo 2030, Busan Korea.” The Grand Seoul Building, the office building
Industry March 28, 2023
-
Mirae Asset Securities unveils 2023 outreach plans
South Korea’s largest investment bank and securities firm Mirae Asset Securities on Tuesday unveiled plans for this year’s social contribution activities that all employees, including Chairman Choi Hyun-man, will carry out throughout the year. In March, the company plans to publish environment-related pop-up books to donate to local child care centers. In April and May, it will continue the environmental projects such as cultivating forests and picking up trash along the Han River. I
Industry March 28, 2023
-
Hyundai Glovis, GS Energy to work together for green energy business
Hyundai Glovis announced Monday that it has signed a memorandum of understanding with GS Energy for cooperation in clean hydrogen, ammonia, and green energy at its Seoul headquarters. According to the agreement, Hyundai Glovis will be in charge of maritime transportation for the clean hydrogen and ammonia business. GS Energy will supervise the production of hydrogen and ammonia with the establishment of import terminals. Hyundai Glovis previously invested 200 billion won ($153 million) in buildi
Industry March 27, 2023
-
SK Innovation ups stake in Amogy amid green energy push
South Korea’s largest energy company SK Innovation said Thursday it has invested an additional $50 million in Amogy, a US developer of ammonia-based full-cell systems, as part of efforts to expand its presence in sustainable fuel markets. SK Innovation took part in the latest $139 million Series B-1 funding round for Amogy. Series B-1 refers to the stage of full-fledged business development among the stages of startup investment. This follows SK Innovation's initial $30 million invest
Industry March 23, 2023
-
Hankook Tire woos young people with ‘Made in Hankook’ campaign
Hankook Tire & Technology, the world’s sixth-largest tiremaker, said Wednesday it is carrying out various projects under its motor culture brand Made in Hankook for better communication with millennials and Generation Z. Launched in 2021, Made in Hankook pursues a young and dynamic image centered on high technology, innovation, design and motorsports. As Hankook Tire aims to lead innovative changes in future mobility culture, the company is seen to have a broad worldview. Made in Hanko
Industry March 22, 2023
-
Posco International to nurture carbon capture as new growth engine
South Korean commodities trader Posco International announced Tuesday that it will foster the carbon capture and storage business by establishing a new commercialization team. CCS is a technology that collects and stores carbon dioxide emitted from industries and permanently isolates them from the atmosphere. The collected carbon dioxide is stored underground and is used in artificial seismic wave exploration, exploration drilling and carbon dioxide injection to determine a suitable stratum stru
Industry March 21, 2023
-
Daewoo E&C seeks bigger presence in Iraq
Daewoo Engineering & Construction is ramping up efforts for South Korean construction companies' foray into Iraq, according to the company Monday. Daewoo E&C's CEO Baek Jung-wan and Oceans and Fisheries Minister Cho Seung-hwan recently visited Iraq’s Al Faw port construction site, in a bid to facilitate domestic companies' entry into Iraq's Al Faw Port Development Project -- a project which aims to build the largest port in the Middle East. Currently, Daewoo E&a
Industry March 20, 2023
-
HD Hyundai builds industrial alliance for carbon neutrality
South Korea’s HD Hyundai, the world’s largest shipbuilding group, said Friday it is forming the industry’s first alliance for carbon neutrality along with Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries, the American Bureau of Shipping and the Korean Register of Shipping. On Thursday, the top three local shipbuilders and international ship classification organizations agreed to carry out a joint project tracking and standardizing their carbon footprint ba
Industry March 17, 2023
-
E1 pledges $100,000 in aid for earthquake victims in Turkey
South Korean eco-friendly energy company E1 announced Thursday that it will donate $100,000 to support earthquake victims in Turkey. Having already participated in LS Group’s Turkey relief fund in February, E1 said it has decided to make additional donations considering the severity of earthquake damage. E1 has communicated with BGN, an energy trading company in Turkey, for the selection of local donation sources, while the relief fund and supplies will be delivered to Turkey’s Disas
Industry March 16, 2023
-
APR raises W8b in pre-IPO funding
South Korean beauty tech conglomerate APR announced Thursday that it has attracted 8 billion won ($6.1 million) through a pre-initial public offering, which is to be mainly funneled into its beauty device business. NH-Soo Investment Capital’s Innovation Growth M&A Investment Association, SJ Partners and IBK Industrial Bank of Korea participated in the pre-IPO investments, based on its recognized corporate value of 700 billion won. APR has several brands encompassing street fashion and
Industry March 16, 2023
-
HanmiGlobal secures new housing deal for Saudi project
South Korean construction management firm HanmiGlobal announced Wednesday that it has signed a new project management deal to oversee the construction of some 20,000 housing units for workers for Saudi Arabia’s Neom City project. The latest deal comes following another deal it struck for building 50,000 homes in the workers’ residential complex in November last year. The combined size of the two deals is worth about 15 billion won ($11.5 million), with the 70,000 homes set to be buil
Industry March 15, 2023
Most Popular
-
1
Border tensions heighten as North Korea builds up drone incursion claims
-
2
North Korea exploding inter-Korean roads ‘symbolic move’: JCS
-
3
'8 out of 10 foreign students willing to work in Korea'
-
4
Teacher suicides averaging 20 per year: data
-
5
Korean chipmakers should not repeat mistakes of Toshiba, Intel: ex-ministers
-
6
Nobel Prize sparks policies aimed at revitalizing publishing industry
-
7
Kim Jong-un charts military action over alleged drone incursion
-
8
Pressured by fans, troubled singer Seunghan leaves Riize for good
-
9
[From the Scene] S. Korea, Philippines deepen cooperation in water
-
10
'Respect each other as human beings’: Hanni testifies at National Assembly audit