OnMay 16, the shares of Korea Gas Corp. closed at 51,700 won, up 6.27 percent or3,050 won from the previous day, hitting a one-year high. Korea Gas Corp.imports more than 30 million tons of LNG from overseas and supplies it to thesubsidiaries of Korea Electric Power Corp. and private power generators.
Amongsolar power-related stocks, the shares of S-Energy, a specialist in the productionof solar power modules, surged 15.68 percent. The shares of Woongjin Energy,Shinsung ENG, and OCI also rose sharply 5.83 percent, 4.96 percent, and 4.45percent, respectively. Wind power stocks such as Unison and Dongkuk S&Calso jumped 16.32 percent and 4.67 percent each.
Incontrast, the shares of Korea Electric Power Corp. fell 2.89 percent to 41,950won amid concerns that the shutdown of old thermal power plants would lead toan increase in its electric power production cost.
The Construction Workers Mutual Aid Association (CWMAA) will acquire a language center building of the University of New South Wales (UNSW) in Sydney for A$71 million ($56 million), jointly with a South Korean insurance company. CWMAA, with $2.8 billion in&hellip
South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of $460 million loans originated by BNP Paribas to build the power plant. Of the $140 million loans,&hellip
A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which the New York-based company placed the highest bid among four bidding groups to&hellip