Hyundai wins order for world’s biggest container ship
South Korea’s Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.
South Korea’s Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.
South Korean businessmen are keen to invest more in the Philippines in light of the strong economy, the Aquino administration’s anti-corruption campaign and its public-private sector partnership (PPP) program, a South Korean diplomat in Manila said recently.
Korea Water Resources Corp. (K-Water), the leading water resources and power firm in South Korea, on Thursday signified its agreement to the water protocol governing the operations of the 246-megawatt Angat hydropower plant in Bulacan.
Philippine airlines remain banned from expanding their operations in Japan and South Korea, despite the country’s passing of the International Civil Aviation Organization’s (Icao) safety audit, which should have resulted in the lifting of restrictions on Philippine-registered planes.
I was elated to know that P-Noy is going to South Korea for a visit.
A South Korean-backed firm is crying foul over the government’s alleged refusal to recognize the company’s unsolicited proposal for an automated fare system for Metro Manila’s train lines, submitted months before plans for any such project.
The government has asked Japan and South Korea to lift their restrictions that block the expansion of local airlines following the International Civil Aviation Organization’s (ICAO) lifting of its negative rating on the country.
South Korea’s major rural development movement has committed to help improve agricultural production in Sta. Cruz, Zambales, through the sharing of technical knowledge, skills and modern machinery with farmers of the municipality.
More South Korean investors are expected to invest in the Philippines after a credit-rating firm based in Seoul upgraded its outlook on the country from “stable” to “positive.”
Japan’s weak yen is turning the tables on its Asian exporting rival South Korea. For several years, South Korean manufacturers such as Hyundai and Samsung Electronics increased their market share at the expense of Japanese rivals partly because South Korea’s currency, the won, was weak while the yen was rising against the dollar and other currencies.
The strength of the euro, the state of the global monetary system and controversy over a so-called “currency war” will dominate the economic stage at eurozone and G20 ministerial meetings this week.
A surging won and waning yen are eroding the bottom lines of South Korea’s export powerhouses, which are feeling the pinch after years of gobbling up global market share from their Japanese rivals.
