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Iran secures major South Korean textile investment pledge

2016-05-27 18:58:00| Daily apparel & textile news and comment - from just-style.com

South Korean spandex-manufacturer TK Chemical Corp, an affiliate of the SM Group conglomerate, has confirmed to just-style that it will build a 10,000-tonne-a-year spandex plant with an initial investment of KRW80bn (US$69m) in Iran.

Tags: south major investment iran

 

South Korean convenience chain WithMe launches ice cream bar to cure hangovers

2016-05-25 01:00:00| Food Processing Technology

South Korea-based convenience chain WithMe has launched the Gyeondyo-bar ice-cream, which claims to cure hangovers.

Tags: south bar ice chain

 
 

Korean govt starts accelerator for foreign startups

2016-05-13 09:29:00| Telecompaper Headlines

(Telecompaper) The Korean government has created an accelerator for startups from around the world, in a bid to diversify the country's tech industry, TechCrunch reported. Called the K-Startup Grand Challenge, the programme is being organised by South Korea's Ministry of Science, ICT and Future Planning (MSIP), in partnership with Seoul-based accelerators SparkLabs, DEV Korea, ActnerLab, and Shift. It will accept applications through 14 June. Forty startups will be selected to participate in the three-month long programme, which begins in September and includes mentoring from 15 leading Korean tech companies, including Samsung Electronics, LG Electronics, Kakao, and Naver. A demo day will take place in December, after which twenty startups will receive USD 33,000 in funding from the government, with the top four getting an additional USD 6,000-100,000.

Tags: foreign starts korean govt

 

GE Power to buy South Korean firm Doosans power plant unit for $250m

2016-05-11 01:00:00| Power Technology

GE Power has signed an agreement to purchase Doosan Engineering & Construction's Heat Recovery Steam Generator (HRSG) for $250m.

Tags: buy power south unit

 

SafeSTS enters into joint venture to tap into Korean market

2016-05-10 01:00:00| Ship Technology

UK-based ship-to-ship transfer company SafeSTS has entered into a joint venture agreement with Harbour Marine Services, to establish its foothold in the Korean market.

Tags: market joint korean venture

 

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