(Photo=Pixabay) A surge in new orders for Very Large Crude Carriers (VLCCs) is underway, driven by rising oil production and a growing need to replace aging tankers. Major global shipping firms are now in talks with South Korean shipbuilders to place orders exceeding $2.2 billion, signaling continued momentum for South Korea’s shipbuilding industry. Several media outlets report that global shipping

Photo=Woori Bank's Woori Bank’s Indonesian subsidiary, Bank Woori Saudara, has become entangled in a letter of credit (L/C) fraud case, prompting a thorough investigation by the Indonesian Financial Services Authority (OJK), which is also looking into possible insider involvement. On June 6 (local time), the OJK announced, “Bank Woori Saudara identified suspicious activity involving letters of credit linked to a

Photo=OIKN Indonesia is seeking to attract approximately $8.4 billion USD in investments for the development of its new capital city, Nusantara, with Samsung C&T among the key participants in a large-scale residential construction project. Basuki Hadimuljono, an official at the Nusantara Capital City Authority (OIKN), stated on June 8 (local time) that the project is being carried out under a

(Photo=Fairmont Orchid) Mirae Asset Global Investments, a major South Korean asset management firm, has successfully completed a $136 million refinancing deal for the Fairmont Orchid, a premier five-star resort located on Hawaii’s Big Island. According to industry sources on June 4, the refinancing was arranged by New York Life Real Estate Investors (NYLREI), which facilitated the debt placement. Mirae Asset,

(Photo=MotionElements) Just two days into President Lee Jae-myung’s administration, South Korea’s benchmark KOSPI index has surged over 100points, breaking past the 2,800 mark. Improved market liquidity, evident in the highest trading volume seen in 24 months, has helped fuel the rally in the country’s equity markets. This sharp rebound comes after six months of political uncertainty, which began late last