Articles by Kim So-yeon
Kim So-yeon
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Posco International wins exploring rights for Indonesian gas mines
South Korean commodities trader Posco International said Thursday that it has won gas mine exploration rights in Indonesia as part of efforts to beef up energy and resource businesses. A consortium involving the Korean firm and Indonesia’s state-owned Pertamina Hulu Energy gained the rights to explore and operate the Bunga gas block off the eastern Java island. The two will each own a 50 percent stake in the project, while Posco International will hold the operational rights. The Bunga gas
Industry Feb. 23, 2023
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Posco International ready to help rebuild Ukraine
Posco International, a commodities trader affiliated with South Korean steel giant Posco Holdings, said Tuesday that it is eager to take part in reconstruction projects in Ukraine after the war to help the country rebuild. The Posco unit is the only Korean company that has maintained its business operations in the war-torn country since the onset of Russia’s invasion on Feb. 24 last year. It operates a grain terminal in the southern city of Mykolaiv, about 480 kilometers away from the Ukra
Industry Feb. 21, 2023
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SK Signet Europe wins first W10b order in UK
SK Signet, a South Korean manufacturer of electric vehicle chargers, said Monday it had recently won its first supply deal in Europe, worth 10 billion won ($7.7 million), through a regional subsidiary. The establishment of SK Signet’s European subsidiary, SK Signet Europe, was announced at the CES trade show in January. Based in Germany, the local office aims to create sales and partnership opportunities in the region’s top five EV markets, Germany, the UK, Italy, France and Spain. T
Industry Feb. 20, 2023
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SK geo centric to build S. Korea's first plastic recycling plant in France
SK geo centric, a chemical business subsidiary of SK Innovation, announced Friday it will build a plastic recycling plant jointly with French partners in Saint-Avold, northeastern France. The SK subsidiary said it has selected the plant site together with Suez, a French water and waste management company, and Loop Industries, a Canadian plastic recycling technology company. "We are happy to achieve a meaningful milestone in selecting a site for our first plastic recycling plant in Europe,&q
Industry Feb. 17, 2023
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Korean Air CEO named aviation leader of the year
Korean Air Chairman and CEO Walter Cho has been selected as the top aviation leader of the year by global aviation magazine Air Transport World, the nation’s flag carrier said Wednesday. “Since taking the helm at Korean Air in 2019, Walter Cho has rapidly gained a worldwide reputation for industry vision and dynamic management. His nimble and out-the-box thinking, particularly with regard to airline partnerships – especially the transpacific joint venture with Delta Air Lines &
Industry Feb. 15, 2023
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Hanlim, Saison set up real estate JV in Cambodia
Hanlim Architecture Group, a comprehensive real estate service company, announced Tuesday it has established the joint venture Hanlim Cambodia HS Global together with Cambodia's Saison Group. The opening ceremony of the venture was held Friday at the office located within Amass Central Tower in Cambodia's capital, Phnom Penh. Cambodia-based Saison started as an operator of a seafood restaurant chain in 2010. More recently it has carried out diverse infrastructure development projects.
Industry Feb. 14, 2023
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LG CNS launches new research platform Quinoa
LG CNS said Tuesday it has launched a new research platform, called Quinoa, to allow users to conduct surveys more easily and check and share results via mobile devices. The name comes from the superfood grain of the same name to represent “small but meaningful thoughts and opinions that come together to offer insight about the world.” Anyone who registers for membership can use the mobile application free of charge. The mobile application is available at both Android and Apple'
Technology Feb. 14, 2023
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Corporate relief support for quake-hit Turkey, Syria
Korean conglomerates have been rushing to send equipment and financial aid to Turkey and Syria to support disaster relief efforts after a devastating 7.8 magnitude earthquake on Feb. 6 that has so far left more than 33,000 people dead, and several thousands injured and in critical condition. Samsung Memory chip and smartphone maker Samsung Electronics has pledged to donate $3 million to support relief efforts in Turkey and Syria. Half of the amount will be donated to the Disaster and Emergency
Industry Feb. 13, 2023
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Renault XM3 named hybrid SUV of the year
Renault Korea Motors’ XM3 E-Tech Hybrid has been named the Hybrid SUV of the Year at the Car of the Year event hosted by the Korea Automotive Journalists Association, the carmaker said Sunday. The XM3 has so far won three awards at the event, following two wins last year for Small SUV of the Year and Design of the Year. Produced at the carmaker’s Busan plant and exported around the world, the XM3 is a global project led by researchers at Renault Technology Korea. The coupe-type SUV
Mobility Feb. 12, 2023
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LIG Nex1, Romania's Romarm agree to bolster missile partnership
South Korean defense firm LIG Nex1 announced Thursday that it has signed a memorandum of understanding with Romania's state-run defense company Romarm as it seeks to export its anti-aircraft missiles to the European country. Lee Hyun-soo, LIG Nex1’s overseas business manager, and Florentina Micu, president of Romarm, signed the memorandum in Bucharest, the capital city, with Romania's Economy Minister Florin Marian Spartaru and South Korea’s Ambassador to Romania Rim Kap-so
Industry Feb. 9, 2023
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Hana Financial vows $300,000 for Turkey aid
Hana Financial Group announced Wednesday that it has delivered a total of $300,000 in emergency relief to help victims of a deadly earthquake in Turkey and Syria and the ongoing rescue and restoration efforts there. Hana, which has 206 regional branches in 25 regions worldwide, is the only local commercial bank to operate a regional office in Istanbul. The group said it decided to send the emergency support, delivered through the Community Chest of Korea and other global charities, out of sympat
Economy Feb. 8, 2023
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HD Hyundai to support rescue work in Turkey
South Korea’s largest shipbuilding conglomerate HD Hyundai said Wednesday it will send 10 medium-sized excavators for reconstruction work to Turkey, which was severely damaged by a strong earthquake that hit southern Turkey and northern Syria on Monday. This is part of the aid given by Korean businesses, as the Korean government dispatched rescue workers on Tuesday with its plan to provide $5 million in emergency humanitarian aid, including medical supplies, to Turkey. “We hope that
Industry Feb. 8, 2023
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Doosan to send $1m in equipment to earthquake-hit Turkey
Doosan Group announced Wednesday that it will provide about $1 million of Doosan Bobcat construction equipment to help with rescue and recovery work in Turkey, where a devastating earthquake struck Monday. The South Korean conglomerate plans to deliver the equipment through local dealers of Doosan Bobcat, a construction equipment maker, so that it can be used to save lives and restore infrastructure in earthquake-hit regions. Skid-steer loaders and excavators will be used to remove and move debr
Industry Feb. 8, 2023
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Hanwha Aerospace seeks arms exports to Romania
South Korean aircraft engine producer Hanwha Aerospace announced Tuesday that it has recently signed a memorandum of understanding with ROMARM, Romania’s state-run defense company, to join the European country's military modernization and performance enhancement projects. Hanwha said it aims to further expand its presence in Europe where it is securing a footing by exporting K9 self-propelled howitzers to nine countries in the region, including a deal worth 3.2 trillion won ($2.55 bil
Industry Feb. 7, 2023
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SK ecoplant renews North America push
SK ecoplant, the engineering and construction unit under SK Group, announced Monday that its North American unit has been renamed from BETEK to SK ecoplant Americas as part of efforts to renew its commitment to the all-important market. Under the new name, SK ecoplant Americas plans to ramp up efforts to expand its presence in environment and energy sectors, as well as existing fuel-cell businesses. Its core fuel-cell business, based on a value chain from product development to application techn
Economy Feb. 6, 2023
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