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Construction
As of May 30, Korean construction firms won a total of $500 billion worth of overseas projects since they landed their first project in Thailand 47 years ago. Hanwha Construction’ s huge $7.8 billion project order to build 100,000 houses in Iraq put the total overseas construction projects won…
Korea Expressway Corp. on Jan. 31 invited some 100 top executives of construction firms including CEOs of 40 firms to a breakfast meeting to brief them on major highway projects to be undertaken this year and to seek their cooperation, the company said recently.At the meeting, Korea Expressway Corp.…
The Ministry of Land, Transport and Maritime Affairs (MLTM) said Korea’ s total length of highways across the country was extended by 105,931 km last year, up 0.3 percent compared to the previous year.The total highway extension came to only 10 percent of that in Japan at 1,278,670 km and 2 percent…
SK Group signed an MOU on the construction of a large thermal power plant with EUAS, a Turkish national power company, worth $2 billion, the group said recently.SK Engineering and Construction Co. played a big role in signing the deal by showing off its outstanding construction technologies in build…
Daewoo Engineering and Construction Co. has won its first construction project for this year by picking up an ODI phosphate rock fertilizer plant construction project in Morocco and an onshore gas facilities construction project in Saudi Arabia worth a combined $460 million, the company said recentl…
This map shows highways, which are being built, all leading toward sports venues of the 2018 Olympics in PyeongChang, Gangwon Province. A total of 15 highways are being built, both previously-planned and newly-planned ones, all leading toward Pyeongchang, Gangwon Province, the venue of the 2018…
HHl’s first two very-large crude containers (VLCCs) are christened in a ceremony at its shipyard in Ulsan on June 28, 1974. The ceremony also coincided with the dedication of the shipyard.Hyundai Heavy Industries (HHI) marked the 40th anniversary of its establishment on March 23. HHI can trace back…
President Cho Choon-koo of Sudokwon Landfill Site Management CorpPresident Cho Choon-koo of Sudokwon Landfill Site Management Corp. in an interview with NewsWorld said landfill sites around Seoul will be made into an environmentally friendly space where people can have enjoyable outings amid greener…
Park Jong-hum, director general for logistics policy at the Ministry of Land, Transport and Maritime AffairsBusan Port has joined the top five cargo ports that have all surpassed 15 million TEUs following Hong Kong, Singapore, Shanghai, and Shenzhen.“The government plans to implement diverse p…
President Lee Myung-bak speaks at an emergency economic ministers’ meeting at the Korea Finance Corp. headquarters in Seoul as Minister of Strategy and Finance Bahk Jae-wan looks on. The government decided to set up a $500 million fund supporting Korean contractors’ activities in the Mideast. …
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Economy/Finance
(from left) KEB Hana Bank President Ham Young-joo, Hana Financial Group Chairman Kim Jung-tai, President Min Ung-jun of Finnq Co., and SK Telecom President Park Jung-ho participate in a ceremony to release the financial application Finnq at the KEB H…
President Eun Seong-soo of the Export and Import Bank of Korea. (Photos: Eximbank) President Eun Seong-soo of the Korea Export and Import Bank (Eximbank) said he will try to find export-type new industries in the 4th Industrial Revolution and engage…
Shinhan Financial Investment, the control tower for Shinhan Financial Group’s investment banking sector, is in the middle of taking a stake in Nova Land Group, a real estate development company in Vietnam, jointly with Intarcia Therapeutics, a U.S…
A view of the Eximbank building in Seoul.(Photo: Eximbank) The Export and Import Bank of Korea (Eximbank) said Aug. 25 that it signed a facility agreement (FA) with the central bank of Iran to facilitate the provision of 8 billion Euro (10.6 trillio…


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