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GS E&C Takes Over Unfinished Hotel Project from Bankrupt UK Subsidiary

GS E&C Takes Over Unfinished Hotel Project from Bankrupt UK Subsidiary

(Photo=GS Engineering & Construction) GS Engineering & Construction (GS E&C), a major South Korean construction company, has taken over part of an unfinished hotel development previously managed by its bankrupt UK subsidiary, Elements Europe. The project is valued at approximately $51.1 million. Interpath, the administrator overseeing Elements Europe's insolvency, announced on June 19 (local time) that it had sold the

Jun 21 2025
10:00 AM PDT
South Korean Government Unveils $14.7 Billion Stimulus Plan, Offers $109-$365 Consumer Vouchers per Person

South Korean Government Unveils $14.7 Billion Stimulus Plan, Offers $109-$365 Consumer Vouchers per Person

(Photo=Lee Jae-myung facebook) South Korea's new administration has announced a $14.7 billion supplementary budget aimed at boosting consumer spending and reviving the economy. Under the plan, every citizen will receive "Living Recovery Vouchers" ranging from $109 to $365, depending on income level. The program is a hybrid approach that combines universal distribution with targeted support for low-income groups. The top

Jun 20 2025
09:00 AM PDT
Middle East Tensions Threaten South Korea’s Export Recovery

Middle East Tensions Threaten South Korea’s Export Recovery

(Photo=Pixabay) As the military conflict between Israel and Iran enters its second week following an initial surprise attack, concerns are rising that a prolonged confrontation could negatively impact South Korea's exports to the Middle East. According to a recent report titled "Export Business Status in Major Middle Eastern Countries Following the Israel-Iran Situation," published by the Korea Trade-Investment Promotion Agency

Jun 19 2025
10:00 AM PDT
HD Hyundai and NVIDIA Invest in Bill Gates’ TerraPower Nuclear Venture

HD Hyundai and NVIDIA Invest in Bill Gates’ TerraPower Nuclear Venture

(Photo=TerraPower) South Korea's HD Hyundai and U.S. chip giant NVIDIA have joined a USD 650 million funding round for TerraPower, the next-generation nuclear energy company founded by billionaire Bill Gates. TerraPower announced the funding on June 18 (local time). This marks HD Hyundai's second investment in TerraPower, following a USD 30 million commitment in 2022 through its shipbuilding subsidiary, HD

Jun 19 2025
09:00 AM PDT
Hanwha Ocean Hosts British Columbia Delegation to Discuss Submarine Maintenance and Technology Transfer

Hanwha Ocean Hosts British Columbia Delegation to Discuss Submarine Maintenance and Technology Transfer

Photo=Hanwha Ocean South Korean shipbuilder Hanwha Ocean recently hosted a delegation from British Columbia (BC), Canada, to explore cooperation on submarine maintenance infrastructure, partnerships with local companies, and technology transfer. The visit highlights growing public-private collaboration between South Korea and Canada, especially amid increasing momentum around Canada's upcoming submarine procurement project, valued at over KRW 30 trillion (approximately CAD 30

Jun 18 2025
12:00 PM PDT