Tag: South Korea

NNPC Woos South Korean Gas Investors
January 31, 2024 No Responses

NNPC Woos South Korean Gas Investors

The Nigerian National Petroleum Company Limited (NNPC Ltd) has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. The discussions which held in Seoul, South Korea, yesterday were...
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Firm Gets $716m Contract For 15 Petrochemical Carriers
January 10, 2024 No Responses

Firm Gets $716m Contract For 15 Petrochemical Carriers

South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers. According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockya...
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Bidding Begins For South Korea’s Flagship Carrier
July 23, 2023 No Responses

Bidding Begins For South Korea’s Flagship Carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM has been launched in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development B...
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Hyundai To Invest $16.5b In South Korea EV Business 
May 19, 2022 No Responses

Hyundai To Invest $16.5b In South Korea EV Business 

Hyundai Motor Group said on Wednesday it plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai...
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Geely Acquires Stake In Renault Korea, Targets US Exports 
May 11, 2022 No Responses

Geely Acquires Stake In Renault Korea, Targets US Exports 

China’s Geely Automobile will buy just over a third of Renault’s Korea unit for roughly $200 million, potentially helping it boost U.S. exports, and freeing up funds for the French automaker to invest in its electric business. Renault, wh...
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Bayelsa Seeks South Korea’s Partnership On Agric, Maritime, Others
June 19, 2021 No Responses

Bayelsa Seeks South Korea’s Partnership On Agric, Maritime, Others

Governor Douye Diri of Bayelsa has sought the partnership and support of South Korea in areas of agricultural, maritime and infrastructure development of the state.  At a meeting with the South Korean Ambassador to Nigeria, Kim Young-Chae, in Abuja on...
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South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1
May 3, 2021 No Responses

South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said...
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Hyundai Reiterates Commitment To Protect Jobs
February 7, 2021 No Responses

Hyundai Reiterates Commitment To Protect Jobs

The management of Hyundai Motor will reshore some of its manufacturing operations in the United States to help maintain work for its employees at home, its union said on Saturday.Under an agreement reached between the company and the union, production...
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Man Admits killing 14 Women
November 3, 2020 No Responses

Man Admits killing 14 Women

Lee Chun-jae, the suspect in one of South Korea’s most notorious serial killings, admitted he murdered 14 women and girls three decades earlier, including a 13-year-old girl in 1988.  Lee admitted to the crime on Monday in court while attending...
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South Korea, Belgium Pledge Support For Nigeria’s Maritime Security, Trade
October 12, 2020 No Responses

South Korea, Belgium Pledge Support For Nigeria’s Maritime Security, Trade

South Korea and Belgium have pledged more support for the Nigerian Maritime Administration and Safety Agency (NIMASA) in its drive to enhance trade and security in the Nigerian maritime domain.   The new Consul-General of the Korean Embassy, Kang Haenggu,...
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US Probes Tyre Imports From South Korea, Thailand, Taiwan, Vietnam
June 24, 2020 No Responses

US Probes Tyre Imports From South Korea, Thailand, Taiwan, Vietnam

The U.S. Commerce Department said on Tuesday it had opened investigations into vehicle tyre imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the tyres are being sold at less than fair value.The department said it was also investiga...
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Daewoo Delivers 2nd 24,000 TEU To HMM
May 23, 2020 No Responses

Daewoo Delivers 2nd 24,000 TEU To HMM

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has delivered HMM Copenhagen, its second 24,000 TEU containership from a batch of twelve units, to the compatriot shipping company HMM. The newbuilding joins its sister ship HM...
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South Korea Begins Work On Small LNG Vessel
May 11, 2020 No Responses

South Korea Begins Work On Small LNG Vessel

South Korea has started building a small liquefied natural gas bunkering vessel as part of a project backed by the Ministry of Oceans and Fisheries. A steel-cutting ceremony to mark the construction of the 500 cubic meter capacity LNG bunkering...
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Niger Gets $900,000 South Korea’s Grant
November 12, 2019 No Responses

Niger Gets $900,000 South Korea’s Grant

The Niger State Government has secured $900,000 grant from the South Korean Government for the preparation of the state’s urban policy. Alhaji Ahmed Matane, Secretary to the State Government (SSG), disclosed this on Monday in Minna at a press conference...
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