News Major new satellite factory breaks ground in South Korea South Korean aerospace and technology company Hanwha Systems has broken ground on a 11,500-sq-m satellite factory on Jeju Island about 100km offshore in the East China Sea. According to The…
News Korean chipmaker to spend $4bn creating ‘silicon heartland’ in US Midwest South Korean chipmaker SK Hynix plans to invest almost $4bn in an advanced packaging, fabrication, and R&D facility for AI chips at Purdue University in Indiana. Its chief executive Kwak…
News ‘Have a baby, get $75k’, Korean developer tells staff The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…
Markets Cambodia asks South Korea for help with $37bn transport masterplan Cambodia has invited South Korea to invest in its $37bn, 10-year programme of infrastructure improvements, the Khmer Times reports.
News World’s highest ferris wheel designed for Seoul An international team of designers has unveiled plans for the world’s tallest, spokeless ferris wheel for Seoul, South Korea. The 180m-diameter “Seoul Twin Eye” takes the form of two intersecting…
News Korean firm wants to build huge eco-tourism resort in Vietnam South Korean construction firm Daewon plans to develop a 280ha eco-tourism and golf resort in the Forest of Hue in central Vietnam. The scheme is awaiting approvals from the government…
News Korean workers abducted after gun battle freed in Nigeria Two South Korean engineers working for Daewoo Engineering & Construction have been released, nearly three weeks after they were abducted by unidentified gunmen in Nigeria, the foreign ministry in Seoul…
News Korean team to study new reactor for the Netherlands Korea Hydro and Nuclear Power (KHNP) will carry out a feasibility study on building a new nuclear reactor in the Netherlands. There is currently only one nuclear power plant in…
News “K-pop Sphere” planned for city of Hanam in South Korea The South Korean city of Hanam is planning to build its own version of the MSG Sphere – an LED-covered 20,000-capacity orb that opened in Las Vegas in September. A…
News Korean team to push their SMR design with eyes on Canada The Korea Atomic Energy Research Institute (Kaeri) and Hyundai Engineering have signed a memorandum of agreement aimed at winning export markets for its small modular reactor (SMR) technology. The agreement…
News Korean team signs agreement to rebuild Ukraine’s railways Two Korean companies have signed a memorandum of understanding with Ukraine’s rail operator to aid the rebuilding of railways in the war torn country. According to The Korea Times, Korea’s…
News OMA’s underground campus chosen for extension to Seoul’s Hongik university Dutch firm Office for Metropolitan Architecture (OMA) has been chosen to design the extension of an urban campus for Hongik University in Seoul. The college, a private facility focusing on…
News Korean companies sign deal to help modernise Kyiv’s Boryspil International Airport Hyundai Engineering & Construction and Korea Airports Corporation have signed a memorandum of understanding to modernise Boryspil International Airport to the southeast of Kyiv. According to the deal, Korea Airport…
News Hyundai to add $1.5bn EV plant to world’s largest auto factory Hyundai broke ground this week on a £1.5bn EV plant in the South Korean city of Ulsan, its first new domestic plant for 29 years. The world’s third largest car-maker…
News Korean nuclear engineer submits final bid for Czech reactor Korea Hydro & Nuclear Power (KHNP) has submitted its final bid to build a nuclear power unit in Czechia, the Korea Economic Daily reports. KHNP is up against French state-owned…
News Ethiopia, Korea open textile research centre in Addis Ababa The governments of South Korea and Ethiopia opened the “Textile Techno Park” at the weekend, the Ethiopian Broadcasting Corporation reports. The subject of a memorandum of understanding signed back in…
News Korean-Canadian JV joins rush to open EV plant in Hungary A joint venture between South Korea’s LG Electronics and Canada’s Magna International has become the latest EV venture to announce building plans in Hungary.
News Korean firms in line for $1bn water deal in Bangladesh The Korean government has secured the right to negotiate a $1bn water supply project for an industrial park in Bangladesh, website Business Korea reports. The announcement was made by Korea’s…