October 2, 2024

Samsung Heavy wins 678 bln-won LNG ship order

Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Wednesday it has received a 678.3 billion-won (US$514 million) liquefied natural gas (LNG) order.

Samsung Heavy has obtained the deal from an unidentified shipper in…

Seoul shares open lower amid escalating Middle East tensions

Seoul shares opened lower Wednesday tracking overnight losses on Wall Street amid growing concerns over an all-out war in the Middle East after Iran attacked Israel with missiles.

The benchmark Korea Composite Stock Price Index fell 0.89 percent, or…

S. Korea inks deal to buy Polish ‘suicide drones’

South Korea’s defense ministry on Wednesday signed a deal to purchase so-called suicide drones from Poland, officials said, in efforts to better equip the military with the low-cost but effective weapons that North Korea is seeking to rapidly develop…