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South Korea and Israel - Business Data and News

Israel Aerospace Industries to develop innovative desalination technology

logoIAIWithin 18 months, Israel Aerospace Industries Ltd. (IAI) plans to build the first desalination plant of its kind to demonstrate an innovative method for desalinating water.


South Korea in talk to import natural gas from Israel

DSME-logoThe Tamar natural gas partnership from Israel is close for signing a multibillion dollar 15 years contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to build and operate a floating liquefied natural gas terminal (FLNG), which will enable natural gas exports from the reservoir.


Korea signed MOU with Global firms to develope parts and materials

logo_Ministry-of-Knowledge-EconomyAccording to the Ministry of Knowledge Economy, the South Korean goverment signed MOUs with 2 American global companies (Applied Materials, Caterpillar Inc) in order to increase their use of South Korean products.

Israel ranked 22nd in Global Competitiveness

worldecoforum-sThe World Economic Forum (WEF) ranks Israel 22nd in its 2011-12 Global Competitive Report, up two places from last year, and up five places from 2009.


S&P raises Israel's credit rating to A+

SP-logoThe Standard and Poor's agency raised Israel's credit rating from A- to A+.In its announcement, S&P said the raise in Israel's credit rating came following what it called Israel's responsible reaction to the global economic crisis, adding that the country was on a reliable track toward cutting its national debt and improving its foreign loans status.


Hyundai E&C win $1.5 billion power plant in Vietnam

Hyunday-EC-logoHyundai Engineering and Construction (E&C) has sealed a $1.46 billion deal to build a thermoelectric power plant in Vietnam, the biggest order won this year by the country’s foremost contractor.

Hanwha Group to invest in solar power and biosimilar business

hanwhaHanwha Group, one of the South Korean's top conglomerates will direct much of its investment budget for the period into polysilicon production facilities, expanding solar cell and module production lines, biosimilars and other new business areas.


South Korea's GNI forecast to jump to $30,000 by 2014

South Korea's gross national income (GNI) is forecast to grow to $30,000 per capita by 2014. South Korea's GNI, reflecting the actual purchasing power of the population, rose 5.5 percent on-year in 2010, the fastest growth in eight years, to reach $20,759 per capita.

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