Doosan Heavy Industries & Construction said on March 20 that it has signed a contract with Indonesia's IRT (PT. Indo Raya Tenaga) to build the Jawa 9 and 10 thermal power plants. It is a project won through a consortium with the local state-run builder HK, with a total construction cost of about

A groundbreaking ceremony was held for SK Innovation's battery production plant in the U.S. "We are planning to enter the global top 3 for electric vehicle batteries by 2025," said CEO Kim Joon of SK Innovation.SK Innovation made an announcement on March 19 (local time) that it held a groundbrea

Harex InfoTech, UBpay (User Centric Shared Mobile Payment Platform) Service Provider, signed a strategic partnership agreement with Korea Convenience Store Association (Chairman, Gye, Sang Hyuk on March 20. The Association of Owners of Franchised Convenience Stores of the Four Major Brands: CU, GS 2

Forecasts of SK Hynix's performance in the first quarter are deteriorating. Up until January this year, there were predictions that its operating profit would be around $2.5 billion (2 trillion won), but after being lowered sequentially, it fell to $1.3 billion (1 trillion won) in just two month

NCSOFT announced on March 18 that it will introduce cases of research and application of AI (Artificial Intelligence) at its global game developer conference called "GDC 2019."NCSOFT will announce 'Blade & Soul' on March 19 (local time) on the subject of "Reinforcement Learning in Action: Cr

Fair Trade Commission Chairman Kim Sang-jo gave mixed reviews about the shareholders` meetings of Samsung and Hyundai Motor Group. While Kim still gave a poor evaluation of Samsung, he noted that meaningful improvements were made for Hyundai in terms of outside directors' openness and independen

On March 13, SK Telecom signed an MOU with MBC that it will jointly develop various innovative new media businesses based on 5G network. In the future, both companies are planning to find variety of new solutions and businesses based on 5G in the New Media area.SK Telecom and MBC will jointly develo

The government is reportedly pushing for a merger between Hyundai Merchant Marine, the top in the shipping industry, and SM Line, the second. The government, which expected SM Line to face a managerial crisis due to the worsening shipping industry, seems to have decided that the integration would be

The Center for Good Corporate Governance has recommended that Hyundai Motor Group Executive Vice Chairman Chung Eui-sun should not be appointed as Kia Motors' in-house director. "Executive Vice Chairman Chung also serves as in-house directors of Hyundai Mobis, Hyundai Motor and Hyundai Steel in

KT's Giga Internet users surpassed 5 million in 53 months after its release, reaffirming the status of KT's Giga Internet network, which is the first Korean company to commercialize. KT said on March 11 that KT's GiGA Internet, which started commercialization nationwide for the first tim

Hyundai Motor Group is reportedly considering a joint development of a building at the GBC (Global Business Center) site in Samseong-dong, Gangnam-gu, where it spent more than 10 trillion won to buy the land. It seems to have modified its strategy from its current self-development method.According t

Daewoong Pharmaceutical was fined 15 billion won in corporate tax for its regular tax audits last year, making it the first time to make a net profit loss since it was listed. The company has been graced for joining the 1 trillion won sales club for the first time since its establishment, but disgra

Samsung SDS is stepping up its cloud business by securing global IT new technology through investments. Samsung SDS said on March 6 that it has invested in Iguazio, Israel, a leader in the serverless computing field, which is regarded as the next generation cloud technology, through venture investme

Regarding Allergan and Medytox's filing with the U.S. International Trade Commission (ITC) in January to block sales of Nabota (DWP-450, Jeuveau in the U.S.), Daewoong Pharmaceutical Co. announced on March 4 that they should take responsibility for groundless allegations.Daewoong said, "The ITC

POSCO opened a "Start Up Incubating School" on March 4 and accelerate its activities to support start-ups. The Start Up Incubating School selects 100 applicants from the start-up items under the age of 49 to provide joint education.The Program will run from March 4th to March 29th, and all accommoda

[DARMSTADT, Germany] Merck, global science and technology company and leader in genome editing, announced on March 4 that the Canadian Patent Office has allowed Merck's patent application directed to the use of paired CRISPR nickases in eukaryotic cells. The patent provides an important and more

The construction work of the UAE's largest underground crude oil storage site, which was launched last year by SK Engineering & Construction (SK E&C), is on the right track.SK E &C announced on Feb. 28 that the Al Mandous oil storage site project, which is worth $1.2 billion ordered by ADNOC, th

Incheon International Airport Corp. announced on Feb. 26 that it has signed a memorandum of understanding (MOU) for global educational cooperation to foster next-generation aviation experts with Mae Far Luang University at the university in Thailand.Some 50 officials from both organizations attended

KEB Hana Bank announced on Feb. 24 that it won the Euromoney-hosted "Best PB Bank Award for Korea," the highest prize for each country in the PB category, at the 16th "Private Banking & Asset Management Survey 2019" awarding ceremony held in London, the U.K. on Feb. 21 (local time). Euromoney is a f

Crown Prince of the United Arab Emirates (UAE) who will visit South Korea from Feb. 26 to 27 will visit Samsung Electronics' semiconductor plant this month.According to business sources on Feb. 19, Crown Prince Mohammed bin Zayed bin Sultan Al Nahyan of Abu Dhabi who will visit Korea at the invi