DL E&C will develop a standardized design for small modular reactors (SMRs) for U.S. nuclear energy provider X-energy in a $10 million deal, the Korean construction firm said Wednesday.
With the recent surge in global tourism, Korea’s hotel industry is coming into the spotlight. The country’s tourism sector expects that the number of foreign visitors to Korea will fully recover to pre-pandemic levels next year. In addition...
The government will likely accelerate efforts to restructure the struggling petrochemical industry under its own leadership.
Roughly 230,000 foreign nationals worked at construction sites last year, accounting for 14.7 percent of the total workforce and highlighting the industry’s growing reliance on migrant labor, half of whom are on F-4 visas for overseas Koreans.
DL E&C has launched an AI translation app that translates Korean announcements into multiple languages, enhancing communication for foreign workers at construction sites.
D Tower Donuimun, currently used as DL Group’s headquarters, was sold for 900 billion won ($642 million), marking the second-largest commercial real estate transaction of the year.
Through the strategic investment, DL E&C, a local engineering and construction company, will acquire $20 million of X-energy convertible bonds, and Doosan Enerbility $5 million.
The final plate of the Canakkale Bridge in Turkey being placed. Korean developers including DL E&C and SK ecoplant have been participating in the construction of the world’s longest suspension bridge.
DL Chemical is buying Kraton, a Houston-based petrochemical company, for $1.6 billion. The purchase was approved by the company’s board on Sept. 27.
Korea JoongAng Daily Sitemap
