Tag Archives: South Korea

Arkema Expands its Portfolio with 54% Stake Acquisition in PI Advanced Materials

(IN BRIEF) Arkema has completed the acquisition of a 54% stake in PI Advanced Materials (PIAM), a South Korean company specializing in polyimide films for advanced electronics and electric mobility markets. PIAM holds a dominant global market share of over … Read the full press release

BASF and SK On Partner to Explore Lithium-Ion Battery Collaboration in North America and Asia-Pacific

(IN BRIEF) BASF, a leading global producer of battery materials, and SK On, a prominent electric vehicle battery cell manufacturer, have entered into an agreement to explore collaboration opportunities in the global lithium-ion battery market, with a particular focus on … Read the full press release

EQT Partners with Nobel Prize Outreach for Seminar on AI’s Role in Finance and Diversity

(IN BRIEF) EQT, an International Partner of Nobel Prize Outreach, recently hosted a seminar in conjunction with Nobel Prize Outreach’s conference in Seoul, South Korea, focused on “Future Learning: Exploring Science & Technology.” The seminar discussed the impact of generative … Read the full press release

DNV Supports KREDO Offshore in Offshore Wind Measurement Project for South Korean Green Energy

(IN BRIEF) DNV, a leading energy expert and assurance provider, is collaborating with KREDO Offshore, a Korean renewable energy developer, to advance offshore wind farm projects in South Korea. DNV is overseeing the deployment and monitoring of seven Floating Lidar … Read the full press release

ORLEN Group Enhances Energy Security with ‘Saint Barbara’ and ‘Ignacy Łukasiewicz’ LNG Vessels

(IN BRIEF) The ORLEN Group has added two new liquefied natural gas (LNG) vessels, ‘Saint Barbara’ and ‘Ignacy Łukasiewicz,’ to its fleet. These vessels, constructed by Hyundai Samho Heavy Industries, will commence sea service by the end of the year, … Read the full press release

Ahlstrom Begins Production of Advanced Synthetic Filter Media in South Korea

(IN BRIEF) Ahlstrom has initiated the production of new synthetic filter media at its Huyn-Poong plant in South Korea, marking its first commercial orders for these materials. The newly produced filter media, which are calendered and embossed, offer extended filter … Read the full press release

LG Chem and Eni Explore Biorefinery Partnership to Produce Sustainable Fuels and Plastics in South Korea

(IN BRIEF) LG Chem, South Korea’s leading chemicals producer, and Italian energy group Eni Sustainable Mobility have announced their joint exploration of developing and operating a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims … Read the full press release

Indra Enhances Flight Safety at Incheon Airport with Cutting-Edge Navigation Systems

(IN BRIEF) Incheon International Airport Corporation (IIAC) has awarded a significant contract to Indra, further solidifying the company’s role in bolstering flight safety within the Republic of Korea. Indra is set to provide its advanced Normarc instrument landing systems (ILS), … Read the full press release

Moorim P&P Selects ANDRITZ for State-of-the-Art Recovery Boiler and Digitalization

(IN BRIEF) ANDRITZ, an international technology group, has been chosen to supply a cutting-edge HERB recovery boiler and advanced digitalization solutions for Moorim P&P’s pulp and paper mill in Ulsan, South Korea. The partnership aims to enhance the mill’s economic … Read the full press release

Navantia Seanergies and SeAH Partner for Offshore Wind Development in Asia and the US

(IN BRIEF) Navantia Seanergies and SeAH have signed a collaboration agreement to develop offshore wind energy in Asian countries, with a focus on South Korea and the American west coast. South Korea has set a target of 12 GW of … Read the full press release

Elogen Partners with Valmax for 2.5 MW PEM Electrolyser to Produce Green Hydrogen in South Korea

(IN BRIEF) Elogen, a company within the GTT group, has entered into a contract with Valmax Technology Corporation to design and manufacture a Proton Exchange Membrane (PEM) electrolyser with a power of 2.5 MW. The electrolyser will have a production … Read the full press release

BASF y Cargill (Provimi) amplían su asociación para brindar un valor distintivo a los clientes de alimentos para animales en Corea del Sur

(NOTICIA EN BREVE) BASF y Cargill (Provimi) han ampliado su asociación para incluir a Corea del Sur en su acuerdo de desarrollo y distribución de enzimas para piensos. Las dos compañías tienen como objetivo traer soluciones innovadoras basadas en enzimas … Read the full press release

BASF and Cargill (Provimi) extend partnership to provide distinctive value for animal feed customers in South Korea

(IN BRIEF) BASF and Cargill (Provimi) have expanded their partnership to include South Korea in their feed enzyme development and distribution agreement. The two companies aim to bring innovative enzyme-based solutions to the market for animal feed customers, combining BASF’s … Read the full press release

BP acquires 55% stake in Deep Wind Offshore’s offshore wind portfolio in South Korea

(IN BRIEF) BP has formed a joint venture with Deep Wind Offshore to develop offshore wind opportunities in South Korea. As part of the agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which … Read the full press release

KI-basierte Geldanlage für Privatpersonen – Velvet AutoInvest erhält 1,3 Mio. USD Seed-Investment

Der nächste Durchbruch mit Yair Goldfinger & Microsoft (PRESSEMITTEILUNG) LIMASSOL, Zypern, 14-Jun-2022 — /EuropaWire/ — Star-Investor und ICQ-Mitbegründer Yair Goldfinger ab sofort im Advisory Board des deutschen KI-Trading-Startups Velvet AutoInvest Durch Funding von Investoren und Accelerator Programmen erreicht Velvet ein … Read the full press release

ZEISS’s Xradia Versa and Context microCT systems equipped with Advanced Reconstruction Toolbox to improve the throughput and image quality of 3D image reconstruction

(PRESS RELEASE) OBERKOCHEN, 31-Aug-2020 — /EuropaWire/ — ZEISS, the German optical systems and optoelectronics manufacturer, has announced the introduction of a new Advanced Reconstruction Toolbox, essentially a powerful workstation in combination with ZEISS OptiRecon and ZEISS DeepRecon, to its industry-leading … Read the full press release

Ocean Yield takes delivery of its third VLCC; commences 15-years bareboat charter

(PRESS RELEASE) LYSAKER, 5-Jul-2019 — /EuropaWire/ — Ocean Yield ASA takes delivery of the very large crude carrier (VLCC) “Nissos Santorini” today. The vessel is the third in a series of four VLCCs that will be delivered to the Company … Read the full press release

Anheuser-Busch InBev’s subsidiary in Asia Pacific to list a minority stake on the Hong Kong Stock Exchange

(PRESS RELEASE) BRUSSELS, 10-May-2019 — /EuropaWire/ — Budweiser Brewing Company APAC Limited, the Asia Pacific (APAC) subsidiary of Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH), has announced application filing for a potential IPO on the Hong Kong … Read the full press release

Global Talent Competitiveness Index (GTCI) 2019: Switzerland remains #1; Singapore leads Asia-Pacific; Europe dominates the top 10; China leader among BRICS nations

(PRESS RELEASE) MIDDLE EAST, ASIA, EUROPE, 23-Apr-2019 — /EuropaWire/ — The Adecco Group, Tata Communications and INSEAD have just released their annual benchmark report that looks into the ability of 125 countries around the world to compete for talent. According … Read the full press release

Deutsche Bank marks its 40th anniversary in South Korea and Thailand

FRANKFURT, 06-Sep-2018 — /EuropaWire/ — At the beginning of September 1978, Deutsche Bank’s representation in East Asia was expanded considerably with the opening of branches in the South Korean capital Seoul and Thailand’s capital Bangkok. However, the branches operated under the … Read the full press release

Philips IntelliSite Pathology Solution approved by the Ministry of Food and Drug Safety for diagnostic use in South Korea

Seoul, South Korea, 13-Jul-2018 — /EuropaWire/ — Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that its Philips IntelliSite Pathology Solution has been approved by the Ministry of Food and Drug Safety (MFDS) for diagnostic use in South Korea. Pathologists … Read the full press release

Barry Callebaut: Nestlé Japan will launch the Ruby chocolate version of its iconic KITKAT® brand in Japan and South Korea

Barry Callebaut and Nestlé partner in world premiere Japanese KITKAT® is the first consumer brand in the world to launch a Ruby chocolate version named ‘KITKAT® Chocolatory® Sublime® Ruby’ Barry Callebaut revealed the fourth type of chocolate ‘Ruby’ next to Dark, Milk and White chocolate in … Read the full press release

SOUTH KOREA: Lotte Cinema selects the world’s brightest cinema projector for the world’s biggest cinema screen

Seoul, South Korea, 29-Mar-2017 — /EuropaWire/ — Digital cinema leader Barco is proud to announce the installation of two flagship laser projectors at Lotte World Tower in Seoul, South Korea. Barco’s DP4K-60L projectors will illuminate the 34-meter wide screen in Lotte … Read the full press release

Rolls-Royce Motor Cars inaugurated new showroom in Busan, South Korea

Busan, South Korea, 03-Oct-2016 — /EuropaWire/ — Rolls-Royce Motor Cars today unveiled the marque’s new showroom in Busan, South Korea. Torsten Müller-Ötvös, Chief Executive Officer of Rolls-Royce Motor Cars, presided at the official inauguration ceremony, alongside officials from Dongsung Motors, the … Read the full press release

Wärtsilä to supply combined inert gas generators and gas combustion units for 17 new LNG Carrier vessels to South Korea

HELSINKI, 11-12-2015 — /EuropaWire/ — Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea has contracted Wärtsilä to supply combined inert gas generators and gas combustion units for 17 new LNG Carrier vessels under construction at the company’s yards. The vessels … Read the full press release

Airbus Helicopters to join Korea Aerospace Industries in developing South Korea’s next-generation Light Civil Helicopter (LCH) and Light Armed Helicopter (LAH)

SEOUL, 17-3-2015 — /EuropaWire/ — Airbus Helicopters will join with Korea Aerospace Industries in developing two 5-ton class rotorcraft that meet South Korea’s requirements for its next-generation Light Civil Helicopter (LCH) and Light Armed Helicopter (LAH). As the LCH and … Read the full press release

ING completed the divestment of ING Life Korea to MBK Partners

Amsterdam, Netherlands, 27-12-2013 — /EuropaWire/ — ING announced today that it has completed the divestment of ING Life Korea to MBK Partners, a Korean private equity firm, for a total purchase price of approximately EUR 1.27 billion. In line with the … Read the full press release

ING sold its wholly owned life insurance business in South Korea “ING Life Korea” to Korea’s largest private equity firm MBK Partners for € 1.24B

Sale is next major step in divestment of Asian insurance/investment management units ING to receive total cash proceeds of approx. KRW 1.84 trillion (EUR 1.24 billion) ING to hold an indirect stake of around 10% in ING Life Korea for … Read the full press release

Update on the European Union most important on-going and forthcoming free trade agreements

02-8-2013 — /EuropaWire/ — Over the next years, 90% of world demand will be generated outside the EU. That is why it is a key priority for the EU to open up more market opportunities for European business by negotiating new … Read the full press release

WACKER Group sales arm WACKER SILICONES announced it expanded its sales structures in local Asian markets

Munich, 22-7-2013 — /EuropaWire/ — WACKER SILICONES, the main sales driver of the Munich-based WACKER Group, is continuing to expand its operational and sales structures in Asia. To advance its silicones business in Asia, the division has strengthened its regional presence and … Read the full press release

Marine industry leader Wärtsilä Corporation received order for seven Wärtsilä X62 2-stroke low speed engines

17-7-2013 — /europawire.eu/ — Wärtsilä, the marine industry’s leading solutions and services provider, has received its first two orders, a total of seven engines, for the Wärtsilä X62 2-stroke low speed engine. The Wärtsilä X62 is a midsize engine tailor made for … Read the full press release

DB Schenker opens new logistics center in South Korea to provide healthcare and pharmaceutical logistics services

Berlin/Essen/Seoul, 15-7-2013 — /europawire.eu/ — As part of its strategy to further build global supply chain competence in the Healthcare market, DB Schenker has opened a new logistics center in South Korea to provide healthcare and pharmaceutical logistics services. The facility … Read the full press release

Triton Funds to take over 100 % of Befesa from Spanish group Abengoa

Value of EUR 1.075 billion, cash purchase price of EUR 850 million European market leader in niche recycling businesses with strong core activities in Germany Potential for future growth in emerging markets such as South Korea, Turkey, Middle East and … Read the full press release