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Korea Pledges Market Aid as Builder Asks to Reschedule Debt

Korea Pledges Market Aid as Builder Asks to Reschedule Debt
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

South-korea , Seoul , Soult-ukpyolsi , Korea , Seyoon-kim , Kim-joo-hyun , Heejin-kim , Kwon-dae-young , Financial-services-commission , Korea-development-bank-is-taeyoung , Taeyoung-engineering-construction-co , Korea-investment-securities-co

Korea's major shipbuilders battle for lucrative LNG deals | Hellenic Shipping News Worldwide

Korea's major shipbuilders battle for lucrative LNG deals | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

South-korea , Qatar , Mozambique , Korea , Hanwha-ocean , Samsung , Qatar-petroleum , Samsung-heavy-industries , Offshore-engineering , Samsung-heavy , Kang-kyung-tae , Korea-investment

'Boneless' apartment scandal may hamper Korea's overseas construction boom

The government's recent disclosure of poorly built underground parking garages at apartment complexes nationwide has not only sparked fears about the safety of Korea's housing construction, but also caused concerns over a potential setback in Korea's ambitious plan to win $50 billion in overseas construction orders every year until 2027, industry experts said Wednesday.

Gwangju , Kwangju-gwangyoksi , South-korea , Incheon , Inch-on-gwangyoksi , Korea , Hyosung-heavy-industries , Korea-land-housing-corp , Hyundai-development-company , Choe-myeong-ki , Industrial-field-professors

GS shares nosedive on reconstruction of apartment complex

Shares of GS Engineering & Construction (GS E&C) fell sharply Thursday after the company announced its decision to completely rebuild an apartment complex after a collapse in an underground parking garage. The stock price of the construction company extended a loss of more than 18 percent following GS' overnight announcement that it would demolish all 17 apartment buildings and rebuild them from scratch.

South-korea , Seoul , Soult-ukpyolsi , Korea , Baek-jae-seung , Incheon-geomdan , Kang-kyung-tae , Gs , Hares , Partment , Omplex

GS E&C, LH play blame game over apartment construction site collapse

GS E&C and Korea Land & Housing Corp. (LH) have drawn criticism for their attempts to shift the blame onto each other over the recent collapse of an apartment complex construction site in Incheon, according to industry officials, Thursday.

South-korea , Incheon , Inch-on-gwangyoksi , Seoul , Soult-ukpyolsi , Korea , Yoo-jeong-bok , Heo-jong-sik , Korea-land-housing-corp , Democratic-party-of-korea , Gs-group

S. Korean shipbuilding stocks gain ground on positive earnings outlook for 2023

S. Korean shipbuilding stocks gain ground on positive earnings outlook for 2023
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

South-korea , South-korean , Korea , Samsung , Samsung-heavy-industries-co , Hanwha-group , Daewoo-shipbuilding-marine-engineering-co , Korea-shipbuilding-offshore-engineering-co , Korea-shipbuilding , Offshore-engineering , Marine-engineering

KSOE makes preliminary bid to acquire controlling stake of STX Heavy Industries

KSOE makes preliminary bid to acquire controlling stake of STX Heavy Industries
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

South-korea , Korea , Hyundai-heavy-industries , Offshore-engineering , Pinetree-partners , Kang-kyung-tae , Korea-investment , Hyundai-heavy-industrie , Korea-joongang ,

Construction, securities shares on rollercoaster ride

Shares of construction and securities firms have been on a rollercoaster ride amid fears of a liquidity crunch triggered by their poor management of real estate project financing. According to data from the Korea Exchange, construction sector shares extended their biggest fall of 5.12 percent last week on growing risks of defaults amid freezing investor sentiment in the real estate market.

Seoul , Soult-ukpyolsi , South-korea , Korea , Lee-hong-jae , Financial-supervisory-service , Korea-exchange , Hana-bank , Kang-kyung-tae , Korea-investment , Mirae-asset-securities

Specter of bankruptcy looms over builders

Domestic builders are facing growing concerns over the possibility of a series of bankruptcies amid worsening investor sentiment in the wake of the recent slump in the real estate market, according to industry officials, Thursday. Late last month, Wooseok Construction, a medium-sized builder based in South Chungcheong Province, failed to repay its debt in time. If the company fails to make the payment again, it will be forced into bankruptcy.

South-korea , Korea , Kim-byung-wook , Democratic-party-of-korea , Financial-services-commission , Ministry-of-land , Wooseok-construction , South-chungcheong-province , Democratic-party , Lotte-capital , Kang-kyung-tae

Uncertainties grow over Korea's anticipated 2nd construction boom in Middle East

Concerns have emerged once again over potential risks inherent in construction projects in the Middle East, since Saudi Arabia's Crown Prince Mohammed bin Salman is said to be skipping his visit to Korea, which was expected to take place next month. Citing diplomatic sources, a local media outlet reported Monday that the Middle Eastern country's de facto leader decided to visit Japan only, after attending the two-day Asia-Pacific Economic Cooperation (APEC) summit in Bangkok between Nov. 18 and 19.

Seoul , Soult-ukpyolsi , South-korea , Japan , Red-sea , Djibouti-general- , Djibouti , Iraq , Baghdad , Washington , United-states , Bismayah