Economy
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Taihan Cable wins $60 mln high voltage power grid project order in Bahrain
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, has secured an order worth $60 million to establish an extra high-voltage power grid in Bahrain. A 400-kilovolt-class power grid will be installed to supply electricity for a new substation that will be built on the western coastal region "Al Jasra." Taihan Cable said in a statement on September 22 that the company made a foray into the Bahraini market through an order by the E
22 September 2023
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Hyundai E&C plans to open new branch in Warsaw to expand small modular reactor business
SEOUL -- South Korea's major builder Hyundai Engineering and Construction plans to open a new branch in Poland to provide small modular reactors that are smaller and safer than conventional nuclear reactors. Through the new office in Warsaw, the company would expand its nuclear reactor business to other European countries including Lithuania, Romania, and Slovakia. Small modular reactors (SMRs) can address the limitations of conventional light-water reactors light-water reactors us
18 September 2023
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CJ Logistics to build inland container depot in Ukraine's northwestern region
SEOUL -- South Korea's major logistics company CJ Logistics has partnered with JJ Group, an investment firm in Ukraine, to build an inland container depot with a total capacity of five million tons of cargo in Ukraine's northwestern city of Lutsk. The facility will be used to supply food resources such as grain and cooking oil to Ukrainians. Inland container depots, also known as dry ports, are mainly located in industrial zones that connect ports and inland transportation such
18 September 2023
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HMM works with oil refiner GS Caltex to demonstrate bio fuel-based container ship
SEOUL -- HMM, the world's eighth-largest marine shipping company controlled by creditors in South Korea, will demonstrate the country's first biofuel-based container ship powered by GS Caltex, a main domestic oil refiner. After departing from South Korea's southern port city of Busan, HMM's ship will head to Brazil. Biofuel is produced using plant-based or animal-based oil such as cooking oil from fast food restaurants or palm oil. Biodiesel, one of the most widely reco
15 September 2023
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LG Chem partners with Italy's Eni SM to build hydrotreated vegetable oil plant
SEOUL -- LG Chem will work with Eni SM, a state-run energy company in Italy, to build a factory that produces hydrotreated vegetable oil, a bio-based fuel that can be made through the process of either hydrocracking or hydrogenation of vegetable oil. Because the eco-friendly fuel has an extremely low freezing point, it can be used as aviation fuels or raw materials in the petrochemical industry. Hydrocracking uses hydrogen to break down large molecules into smaller ones while hydrogene
14 September 2023
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Business forum held in Seoul to improve supply chain cooperation between S. Korea and China
SEOUL -- At a business forum designed to enhance supply chain infrastructure between South Korea and China, scholars from the two nations presented cooperation plans in various fields including semiconductors, secondary batteries, and biopharmaceuticals. The event, hosted by China Construction Bank, was attended by the Chinese Ambassador to South Korea. Data released by South Korea's trade ministry showed that a total of 126 companies returned home between 2014 and 2022 after expan
14 September 2023
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Pulmuone develops robot chef capable of cooking noodle menus
SEOUL -- South Korean food product maker Pulmuone has developed a vending machine that can cook refrigerated dishes in about 90 seconds. The robot chef can provide instant noodle dishes including noodle soup with beef and broth, and Jjambbong, a spicy seafood noodle soup with various ingredients such as onions and garlic. Pulmuone said in a statement that the instant food cooking machine called "Robot Chef" was developed. Currently, three types of noodle dishes are available
12 September 2023
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Megastore franchise seeks to attract customers with whisky gift sets for autumn harvest festival
SEOUL -- Emart, the megastore franchise wing of South Korea's retail giant Shinsegae, has prepared various whisky gift sets to attract customers who are looking for ideal autumn harvest festival gifts for their family members or loved ones. Chuseok, regarded as the largest traditional festival holiday of Koreans, is a three-day autumn harvest festival celebrated on August 15 of the lunar calendar. Normally, families would gather at the eldest member's home to share gifts and fo
11 September 2023
