Coex Intercontinental Hotel News

Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., Hyundai Heavy Industries Co., Ltd., and Siemens Energy Solutions Ltd. signed a Memorandum of Understanding at COEX Intercontinental Hotel in Seoul on December 10, 2013 to develop Mobile Powership, an integration of shipbuilding and power generating technology in which a highly efficient power generating facility will be installed onto a FSRU (Floating Storage Regasification Unit) for the very first time in the world. It is expected that Mobile Powership will commence its operation in December 2017 with total investment of $940 Million.

Intellian Technologies, marine satellite entertainment and communications provider, received a World Class Products award from the South Korean Government. Headquartered in Seoul, South Korea, the company’s marine satellite tracking antenna systems were selected by the Ministry of Knowledge Economy (MKE) during the recent certificate granting ceremony at the COEX InterContinental Hotel. MKE World Class Products represent over 10 percent of South Korea’s international market share, rank among the world’s Top-5 goods and have an international market scale of over $50m annually. “World class products and producers are anticipated to spearhead attaining this year’s export aim of $450m,” said Minister Yoon-ho.