shipping costs
Scope
Date
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Airlines
S.Korea's leading low-cost carrier Jeju Air posts record-high Q1 results
South Korea's leading low-cost carrier (LCC) Jeju Air Co. posted record-high performance in the first quarter. Industry analysts say domestic LCCs w...
May 10, 2023 (Gmt+09:00)
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Airlines
S.Korea's Air Premia, T'way compete for golden routes to Europe
South Korea's low-cost carriers (LCC) Air Premia and T'way Air Co. are competing to secure "golden routes" to Europe that Korean Air must give up to...
May 08, 2023 (Gmt+09:00)
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Batteries
EcoPro BM share drops as falling material costs forecast to hurt revenue
EcoPro BM Co., the top stock on South Korea’s junior bourse Kosdaq, declined on Wednesday as some brokerage houses have downgraded the shares ...
May 04, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s four firms to develop domestic tech for carbon capture
South Korea's shipbuilding and shipping companies, including HMM Co., Samsung Heavy Industries, marine equipment manufacturer Panasia and the ship i...
Apr 28, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HD KSOE, Samsung Heavy post surplus amid order rally
South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries (SHI) posted good performance in the firs...
Apr 28, 2023 (Gmt+09:00)
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Economy
S.Korea’s public spending on maternity, child care falls short of OECD average
South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...
Apr 26, 2023 (Gmt+09:00)
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Airlines
Number of travelers on S.Korea's LCCs jumped 104-fold in Q1
Demand for overseas flights in South Korea has exploded since the resumption of air travel operations amid the substantial easing of COVID-19 restri...
Apr 25, 2023 (Gmt+09:00)
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Airlines
S.Korea's airlines boosting staff amid recovering demand for overseas travel
South Korea's airlines are opening their hiring doors wide open with the resumption of international flights amid demand for overseas travel recover...
Apr 13, 2023 (Gmt+09:00)
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Carbon neutrality
HMM reduces CO2 emission more than half in last 10 years
South Korea's No. 1 container line HMM Co. announced on Wednesday that it has achieved a remarkable 57.7% reduction in carbon dioxide emissions duri...
Apr 12, 2023 (Gmt+09:00)
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Airlines
S.Korean low-cost carriers keep expanding routes to SE Asia
South Korean low-cost airlines have started expanding their flight routes. It is based on the expectation that there will be a significant incre...
Apr 10, 2023 (Gmt+09:00)
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Korean food
S.Korea strikes deal with Ecuador to export pears
South Korea's Animal and Plant Quarantine Agency announced on Thursday that after 10 years of negotiations, the country has secured a deal with Ecua...
Apr 06, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders yield No.1 spot to Chinese rivals in March
Korean shipbuilders were outstripped by China in shipbuilding orders and backlogs last month, according to UK-based shipping industry specialist Cla...
Apr 05, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea to allow actual construction of hydrogen-powered ship
South Korea's the Ministry of Oceans and Fisheries announced on Wednesday that it has established "tentative standards for ship hydrogen fuel cell e...
Apr 05, 2023 (Gmt+09:00)
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Logistics
Falling freight rates set to boost LG, Hyundai’s earnings
The significant fall in seaborne freight rates of late is expected to boost earnings prospects for South Korea’s major companies, benefitting ...
Apr 05, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Autoever, Avikus jointly develop self-sailing ship solution
South Korea’s Hyundai Autoever and Avicus, the self-navigation vessel affiliate of HD Hyundai, on Tuesday said they signed a development contr...
Apr 05, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech
South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Tuesday said it signed a memorandum of understanding with the global energy...
Apr 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT launches cloud-based engineering platform
KT Corp., South Korea's largest telecommunications company, announced the launch of its cloud-based high-performance engineering platform service on...
Apr 03, 2023 (Gmt+09:00)
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IPOs
SK Innovation may give shareholders SK On shares at IPO
SK Innovation Co. is set to consider providing stocks of its electric vehicle battery subsidiary to its shareholders when SK On Co., the world&rsquo...
Mar 30, 2023 (Gmt+09:00)
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Logistics
Hanjin launches global C2C purchase platform Hoot Town
Hanjin Transportation, a logistics and B2B/B2C delivery business subsidiary of South Korea’s Hanjin Group, has launched Hoot Town, a global co...
Mar 28, 2023 (Gmt+09:00)
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ESG
HMM receives Gold rating in EcoVadis ESG evaluation
HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and gover...
Mar 23, 2023 (Gmt+09:00)
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Robotics
S.Korean robot startup aims to ramp up supply by 9 times
A South Korean autonomous-driving robot startup Neubility aims to increase supply by almost nine times this year as demand for such machines in the ...
Mar 23, 2023 (Gmt+09:00)
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Cloud computing
Korea's LG CNS launches cloud cost optimization service
LG CNS, a South Korean company specializing in digital transformation, announced on Tuesday the launch of its new service called "FinOps" Clinic.Fin...
Mar 21, 2023 (Gmt+09:00)
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Corporate restructuring
S.Korea's STX to spin off shipping division
South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...
Mar 21, 2023 (Gmt+09:00)
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Aerospace & Defense
Startup Innospace launches Korea’s first private projectile
South Korean space startup Innospace said on Monday it has launched a suborbital test projectile, the country’s first private launch vehicle, ...
Mar 20, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy partners with Kongsberg Maritime for autonomous ships
Samsung Heavy Industries, one of the world’s largest shipbuilders, has signed a joint development agreement with Kongsberg Maritime AS, a Norw...
Mar 20, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding lands record LNG carrier deal from Greece
Daewoo Shipbuilding & Marine Engineering Co., one of the world’s largest shipbuilders, secured a $512 million contract to build two ...
Mar 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. puts SK Shipping’s tanker business up for sale
South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...
Mar 13, 2023 (Gmt+09:00)
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Earnings
POSCO Int’l logs highest revenue for group affiliate in 2022
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., logged the highes...
Mar 13, 2023 (Gmt+09:00)
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Airlines
Asiana Airline boosts flights to China as demand recovers
Asiana Airlines Inc. said on Thursday that it would increase its flights to China by nearly nine times from this month, aiming to restore half of it...
Mar 10, 2023 (Gmt+09:00)
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Construction
Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo
Hyundai Engineering, a South Korean construction contractor, held a completion ceremony for the "Lemba-Imbu water purification plant phase 1 project...
Mar 08, 2023 (Gmt+09:00)