ship engine maker
Scope
Date
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Shipping & Shipbuilding
A ship with AI engineers, deckhands?: HD KSOE makes it a reality
Artificial intelligence (AI) is now on everyone’s lips, and the shipping and shipbuilding industries are no exception to this global phenome...
Aug 24, 2023 (Gmt+09:00)
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Automobiles
Tesla Model Y runs with Kumho’s EV tires, its new cash cow
Tires tailored for electric vehicles are expected to become the next cash cow of South Korean tire maker Kumho Tire Co. thanks to growing EV tire or...
Aug 22, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro to strengthen soju marketing in UK
South Korea’s leading soju maker HiteJinro Co. announced on Tuesday that its soju sales in the UK are showing consistent growth year by year. ...
Aug 22, 2023 (Gmt+09:00)
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Electronics
Samsung, LG Electronics top 2 global TV makers in H1
Samsung Electronics Co. and LG Electronics Inc., two South Korean tech giants, respectively achieved the No. 1 and No. 2 spots in the global TV set ...
Aug 21, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells expects windfall gain from Chinese rivals’ woes
Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, is expected to enjoy a windfall gain from the US government’...
Aug 21, 2023 (Gmt+09:00)
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Automobiles
S.Korean hybrid car market surpasses $4.56 bn in H1 2023
South Korea's hybrid car market has shown a remarkable surge, reaching 6.12 trillion won ($4.56 billion) in the first half of 2023, according to the...
Aug 21, 2023 (Gmt+09:00)
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Artificial intelligence
KT to hold AI coding lectures at universities
South Korea’s KT Corp. is expanding operations of its artificial intelligence (AI) coding education platform AI Codiny.The company on Sunday s...
Aug 21, 2023 (Gmt+09:00)
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Batteries
POSCO Future M to produce nickel for cathodes in the Philippines
South Korean battery materials maker POSCO Future M Co. is set to produce nickel in the Philippines to boost its cathodes supplies and improve profi...
Aug 18, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Samho sees bumper 2023 as ship orders pile up
Yeongam, South Jeolla Province -- On Aug. 14, workers at Hyundai Samho Heavy Industries Co.'s shipyard were meticulously inspecting the cargo hold o...
Aug 17, 2023 (Gmt+09:00)
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ESG
HMM wins top ESG rating among global shipping companies
South Korea’s No. 1 container transportation and shipping service HMM Co. has secured the premier position in global shipping for its environm...
Aug 17, 2023 (Gmt+09:00)
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Travel & Leisure
Staying 5 hours on cruise ship in Busan raises sales 30%: study
With the resumption of international cruise ship travel to South Korea, domestic credit card company BC Card says daily sales in commercial district...
Aug 16, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Nomura says new shipbuilding orders peaked; Korean firms refute
Nomura Securities recently said global new shipbuilding orders likely peaked in 2022, slashing its stock recommendation rating on industry leader HD...
Aug 15, 2023 (Gmt+09:00)
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Electronics
LG Electronics cuts H1 costs by $1.6 billion on stable supply chain
LG Electronics Inc. has slashed raw material and transportation costs by 2.12 trillion won ($1.6 billion) in the first half thanks to a stable sup...
Aug 14, 2023 (Gmt+09:00)
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Travel & Leisure
Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31
Reservations for cruise ships visiting South Korea's Jeju Island are flooding in amid China's resumption of all group tours to its neighboring cou...
Aug 14, 2023 (Gmt+09:00)
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Batteries
Falling mineral prices to hit Korean battery materials makers
South Korean battery materials makers are likely to report worsened profitability in the third quarter of this year as prices of lithium hydroxide a...
Aug 14, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix ships DRAM with world’s largest capacity to Oppo
SK Hynix Inc., the world’s second-largest memory chipmaker, supplied DRAM chips with the industry’s largest capacity for mobile devices ...
Aug 11, 2023 (Gmt+09:00)
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Batteries
Hopes rise for Korean copper foil makers’ gains under IRA
South Korea’s SK Nexilis Co., the world’s largest copper foil producer, is in negotiations with six electric vehicle battery makers to s...
Aug 10, 2023 (Gmt+09:00)
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Bio & Pharma
ABL Bio gets OK for phase 1 clinical trials for immune-oncology drug
New drug development company ABL Bio Inc. announced on Thursday that it has received approval from the Ministry of Food and Drug Safety of South Kor...
Aug 10, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis wins EV component supply deal from VW
South Korea’s Hyundai Mobis Co. has bagged a deal purportedly worth billions of dollars to supply a key electric vehicle component to Volkswag...
Aug 09, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis to secure additional 12 car transport vessels by 2025
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to secure an additional 12 vehicle transport vessels by 202...
Aug 09, 2023 (Gmt+09:00)
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Fashion
Korean swimwear Barrel posts profit in post-pandemic surfing boom
South Korea’s leading swimwear maker Barrel is stepping up its profitability after losses during COVID-19 as its new owner has saved costs thr...
Aug 08, 2023 (Gmt+09:00)
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Korean SMEs
Korean boiler makers set sights on Central, South America
South Korea’s major boiler manufacturers are stepping up overseas expansion to diversify beyond the saturated domestic market, setting their s...
Aug 07, 2023 (Gmt+09:00)
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Business & Politics
Bullet maker Poongsan chief Ryu’s new role: Korea’s top business lobbyist
Jin Roy Ryu, chairman of South Korea’s leading copper smelter and defense equipment maker Poongsan Corp., has been chosen to lead the ...
Aug 07, 2023 (Gmt+09:00)
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Batteries
SK Nexilis to sell copper foil to German battery maker Varta
South Korea’s SK Nexilis Co. is set to supply copper foil, core materials for electric vehicle cells, to German battery maker Varta AG, expand...
Aug 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
With long-gone heyday, Capro clings to stake sale for survival
Once everyone’s darling but now an ugly duckling, Capro Co., South Korea’s sole maker of caprolactam, a nylon raw material, is despera...
Aug 04, 2023 (Gmt+09:00)
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Logistics
CJ Logistics teams up with world’s No. 7 shipping company ONE
South Korea's largest parcel delivery service CJ Logistics on Thursday said it signed a strategic partnership deal with Japan’s Ocean Network ...
Aug 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Aerospace ventures into eco-friendly ship market
South Korea's Hanwha Aerospace Co. announced on Thursday that it has completed the development of a megawatt-hour (MWh) energy storage system (ESS)....
Aug 03, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's SM buys shipping line HMM shares ahead of bidding
South Korea’s SM Group has increased its ownership in HMM Co., the country’s top container shipping line. The 30th-largest conglomerate ...
Aug 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korea's HD KSOE to buy 35% stake in marine engine maker STX
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) is slated to acquire STX Heavy Industries Co. to make large engines for small-to-mid-siz...
Jul 31, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to develop fighter jet engine materials
South Korea’s Hanwha Aerospace Co. is set to develop fighter jet engine materials able to resist flames of more than 1,500 degrees Celsius, wh...
Jul 26, 2023 (Gmt+09:00)