SEOUL, KOREA - Daelim Group said on June 30 that the combined-cycle thermal power plant that it built in Pocheon, Gyeonggi Province, will be operational by July 1. The No. 1 power plant will have a capacity of 780 megawatts, with the second plant to be operational from August this year having the same capacity.
On August 5, Choi Kyung-hwan, S. Korea's deputy prime minister and finance minister, called on public corporations to adopt a wage peak system at an early date. He said: “Implementation of a wage peak system is not an option but a must.”
VILNIUS, LITHUANIA - The Russian air transportation industry has undergone extensive development over recent years. In 2012 the industry grew by approximately 15 percent - carrying a further 10 million passengers.
It is estimated that more than 50% of the world’s population currently occupies urban areas. As the global trend continues in the path of migration towards urban areas, and the global population continues to rise, this number certainly shows no signs of slowing down.
SEOUL, KOREA- Shinhan Investment Corp. said on August 22 that the impact of a financial crisis in India and Indonesia on Korea's construction contractors would be minimal, with its investment opinion on the stocks at "neutral."
Last month at the Mobile World Congress in Barcelona, OpenPeak took the wraps off its OpenTablet 7, a 7-inch color tablet computing device based on Intel's "Moorestown" Atom processor. Now, AT&T has announced plans to bring a device based on the OpenTablet to the U.S. market later this year-and it'll feature not only Bluetooth and Wi-Fi connectivity, but 3G service from AT&T as well.
Shanghai - November 10 - "We have an agent working on getting export into China ready, so we are looking to work with other countries," explained Kelly Moon, assistant manager for the overseas sales department of Buheung Medical Co., Ltd., at the Asia Electronics Expo Shanghai today.
SEOUL, KOREA- Hyundai Heavy Industries said on August 30 that it won a US$1.4-billion deal to build ten ships, including five 18,000-TEU (twenty-foot equivalent unit) container carriers and five 14,000 TEU vessels, for United Arab Shipping Company of the United Arab Emirates.