Topic “South Korea” — Exporter Magazine

Last year Korean firms won projects worth $25 billion in the UAE, mainly in the oil and gas, petrochemicals and construction sectors. The most important contract was the Korean Government-owned Kepco winning the engineering, procurement and construction (EPC) contract for Emirates Nuclear Energy Corporation. Launched on November 30 by Nabix, a South Korean developer, the iPhone application “Honey, it’s me!” is warming lonely hearts with the voice of “Mina”, a 20-something virtual woman. Amid last year’s slump, lines mothballed more than 500 ships worldwide to pare capacity. They also began operating vessels at slower speeds, which cuts fuel usage and reduces the total amount of cargo each ship can haul per month.