Tag Archives | South Korea

Libya, South Korea discuss Cooperation

By John Lee. The South Korean Ambassador to Libya has reportedly met with Libya’s UN-backed government’s Foreign Minister. According to Xinhua, Choi Sung-Soo and Mohamed Sayala discussed the return of South Korean companies to Libya to complete construction and power projects suspended since the 2011 uprising. They also discussed South Korean companies and investors implementing […]

200+ Tonnes of Explosive Remnants of War Destroyed

At the end of January 2018, the United Nations Mine Action Service (UNMAS) completed phase one of its initiative to destroy Explosive Remnants of War (ERW) which have been endangering the lives of Misratan communities, and of the wider Libyan population. More than 200 tonnes of ERW were successfully eliminated with the support of the […]

Hyundai to complete Power Plant in Tripoli

By John Lee. South Korea’s Hyundai has reportedly announced it will return to Libya early next year to complete the suspended Tripoli West Power Plant project. Sources at the Libyan state-owned General Electricity Company (GECOL) told Xinhua that embassy officials and representatives of Hyundai held talks with GECOL regarding security arrangements in preparation for the […]

South Korea gives $1.5m for Stabilization in Libya

South Korea entrusts 1.5 million US$ to UNDP to pursue resilience, stabilization in Libya His excellency, the Ambassador of the Republic of Korea to Libya, Mr. Kim Young-Chae, and Deputy Special Representative of the UN Secretary General and Resident Representative of the United Nations Development Programme (UNDP) in Libya, Ms. Maria do Valle Ribeiro, signed […]

Haftar’s Forces Seize Car Carrier

By John Lee. Libyan forces loyal to the Khalifa Haftar boarded and seized a car carrier off the Libyan coast last week, diverting it to the port of Ras Al-Hilal, northeast of Benghazi. The Morning Compass (pictured), operated by Eukor, was reportedly traveling from South Korea to Misrata with several thousand cars. The Tobruk government said the […]

Stabilization Facility for Libya gets $1m from Korea

The Republic of Korea has contributed one million dollars (US$) to assist in speedy rehabilitation projects in Libya that will improve vital basic services to the citizens. The donation is a valuable contribution to the Stabilization Facility for Libya (SFL), an initiative of the Libyan Government of National Accord delivered by the United Nations Development […]

$500m Floating Oil Terminal arrives from S Korea

A new $500-million floating oil rig has arrived in Libyan coastal waters from South Korea. The Gaza Floating, Storage, Offloading Marine Terminal (FSO) was built by STX and delivered to the Mellitah-operated offshore Bouri field, 120 km northwest of Tripoli, according to Libya Herald. It will replace the existing, Sloug FSO, which has been on […]

Video: Gun Attack on S. Korea Embassy

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Unidentified gunmen attack South Korea’s embassy in the Libyan capital Tripoli and killed two local security guards, officials say: