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• [Best Brand] Samsung C&T enters SMR, eco-friendly energy biz

  The engineering and construction division of Samsung C&T Corporation is aggressively entering the eco-friendly energy businesses such as small modular reactors, or SMRs, green hydrogen and ammonia. ...ment with Saudi Arabia’s sovereign wealth fund on green hydrogen production. In February, Samsung C&T and five other Korean companies including Posco, GS Energy and Korea National Oil Corp. inked a d...

• GS Engineering & Construction one step ahead of ESG trends

  ...r environmental, social and corporate governance -- is the buzzword in the corporate world now. At GS Engineering & Construction, EGS efforts had already begun long before industries began paying atte...been listed on the Dow Jones Sustainability Asia/Pacific Index for 10 consecutive years. In 2014, GS E&C joined the Korea Environment Corp.’s greenhouse gas and energy target management program. Sinc...

• Korea partners with UAE for hydrogen economy

  ..., e-commerce and artificial intelligence, according to Korea’s industry ministry. Also, the ministers will take turns to hold a strategic meeting every two years. Heads of eight Korean companies -- GS Caltex, GS Energy, Hanwha Solutions, Samsung Engineering, SK Engineering & Construction, Lotte Chemical, Korea National Oil Corp. and H2Korea -- participated in the forum’s CEO roundtable session. They discussed the sustainable development of hydroge...

• Hyundai Heavy picked as preferred bidder for Doosan Infracore

  South Korea's power plant builder Doosan Heavy Industries & Construction said Thursday that it has tapped a consortium led by Hyundai Heavy Industries Holdings (HHIH) as the preferred bidder for the ... its final bid for the stake, with ready-mixed concrete maker Eugene Group also submitting a bid. GS Engineering & Construction Corp. and three local private equity funds -- Glenwood PE, MBK Partners...

• Hyundai Heavy, Eugene submit final bids for Doosan Infracore

  Hyundai Heavy Industries Holdings Co. (HHIH) and ready-mixed concrete maker Eugene Group on Tuesday submitted their final bids for a 36 percent stake in Doosan Infracore Co., the largest local construction equipment maker here. In a regulatory filing, the shipbuilder said that it has joined the final bid, with Eugene Group reportedly joining the final bid. But GS Engineering & Construction Corp. and three local private equity funds -- Glenwood PE, MBK Partners and Eastbridge Partners dropped its main bid for the stake. In September, HHIH formed a consortium...

• Doosan Infracore produces 200,000th excavator in China

  ...h excavator in the country. The accumulated output came 26 years after South Korea's leading construction equipment maker entered the Chinese market in October 1994, the company said in an emailed st...elf-rescue plan. Shortlisted candidates to buy the stake in Doosan Infracore were a consortium of GS Engineering & Construction Corp. and private equity fund Dominus Investment, as well as another co...

• Coronavirus outbreak dents value of Chaebol owners’ stock holdings

  ...nd Shinsegae went down 29.2 percent and 23.6 percent, respectively. Shares of shipbuilding, airlines, chemical and construction industries plunged more than 15 percent on average. Korea Shipbuilding & Marine Engineering and Korean Air saw a drop of 19 percent and 17 percent, each. Hanwha Corp. and GS Engineering and Construction skidded 15 percent and 14.4 percent, respectively. The nation’s key tech firms al...

• GS E&C introduces big data-based smart home system

  GS E&C introduces big data-based smart home system GS Engineering & Construction Corp., a major builder in South Korea, on Thursday introduced a big data-based smart home system that can control the living environments of people's residences with deep learning technologies. GS E&C said its Xi AI platform is the first big data-based smart home solution developed by a local builder. The system ca...

• GS E&C develops ‘Korea’s first’ ventilated air purifier system

  South Korea’s leading builder GS Engineering & Construction Corp. has developed South Korea’s first built-in air purifying and ventilating system, named Sys Clein, to be installed in apartments and a...a built-in unit for the company’s Xi apartments from the second half of this year, the firm said. GS E&C’s Sys Clein system (GS E&C) GS E&C explained that the unit is set up on the ceiling to take u...

• Korean firms face backlash from foreign investors over financial statements

  ...ejected the financial statements of around 20 Korean firms, including Posco, LG Uplus, Hyundai Engineering & Construction, Shinsegae, Hyosung, LG Electronics, Hyundai Motor, Kia Motors, E-mart, Samsun...d Korean Air. Canada’s Ontario Teachers’ Pension Plan and British Columbia Investment Management Corp. voiced similar opinions. The OTPP opposed financial statements of 10 firms saying, “We encourag...