Hyundai Heavy wins $202 mn shipbuilding order

Hyundai Heavy wins  $202 mn shipbuilding order

Hyundai Heavy Industries Group has won an order worth 227 billion won ($202 million) to build three liquefied petroleum gas (LPG) carriers, said its...

Hyundai Motor to launch Genesis in China, posts record US sales

Hyundai Motor to launch Genesis in China, posts record US sales

Hyundai Motor Co. and sister firm Kia Corp. posted their best-ever March and first-quarter sales in the US, where the South Korean companies are wor...

Snowballing losses cloud Hyundai Heavy’s 2021 IPO plans

Snowballing losses cloud Hyundai Heavy’s 2021 IPO plans

South Korean shipbuilder Hyundai Heavy Industries Co. saw its net losses snowball in 2020, clouding its initial public offering plans for this year....

Samsung Heavy sets new global record with $2.5 bn order

Samsung Heavy sets new global record with $2.5 bn order

South Korea’s Samsung Heavy Industries has landed an order to build 20 very large container ships (VLCS) at 2.8 trillion won ($2.5 billion), t...

Samsung widens lead over rivals with industry’s first advanced DDR5

Samsung widens lead over rivals with industry’s first advanced DDR5

Samsung Electronics Co. has extended its lead in memory chips over its rivals by unveiling the industry’s first 512 gigabyte DDR5 module based...

KIC, Hyundai Heavy to co-invest $900 mn in growth firms

KIC, Hyundai Heavy to co-invest $900 mn in growth firms

The sovereign wealth fund Korea Investment Corporation (KIC) will make co-investments worth up to 1 trillion won ($900 million) alongside the Hyunda...

SK Holdings, China’s Geely launch $300 million future mobility fund

SK Holdings, China’s Geely launch $300 million future mobility fund

South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...

Hyundai Heavy adds $724 mn order, reaching 29.5% of 2021 target

Hyundai Heavy adds $724 mn order, reaching 29.5% of 2021 target

Hyundai Heavy Industries Group has won new orders worth 823 billion won ($724 million) to build a total of 10 vessels for four global clients in Afr...

Hyundai, Kia set to change gear to revive China sales

Hyundai, Kia set to change gear to revive China sales

Hyundai Motor Co. and Kia Corp. posted their worst results in China last year since they advanced into that neighboring market in 2002. Their Chines...

COEX to run Vietnam’s No.2 convention center as MICE industry takes off

COEX to run Vietnam’s No.2 convention center as MICE industry takes off

The Korea International Trade Association (KITA) and its exhibition operating unit, the Convention & Exhibition Center (COEX), will run Vietnam&...

SK Hynix produces mobile DRAM with industry’s largest capacity

SK Hynix produces mobile DRAM with industry’s largest capacity

SK Hynix Inc., South Korea’s second-largest chipmaker, has started mass production of 18 gigabyte (GB) mobile DRAM, which offers the industry&...

SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market

SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market

Leading global chipmaker SK Hynix Inc. plans to unveil the industry’s smallest 0.7-micrometer pixel image sensor this year to enhance its pr...

Hyundai Glovis, Changjiu team up to boost China-Europe rail transport

Hyundai Glovis, Changjiu team up to boost China-Europe rail transport

South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport op...

Hyundai Heavy, Aramco form global hydrogen partnership

Hyundai Heavy, Aramco form global hydrogen partnership

South Korea’s Hyundai Heavy Industries Holdings Co. and Saudi Aramco have agreed to launch a hydrogen partnership in a step toward building a ...

China logistics firms yield decent returns for Korean investors

China logistics firms yield decent returns for Korean investors

MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese l...

Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation

Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation

South Korea’s auto giant Hyundai Motor Group and energy conglomerate SK Group have agreed to tie up in hydrogen-related projects as part of an...

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...

KKR signs $580 mn share purchase of Hyundai Heavy’s A/S arm

KKR signs $580 mn share purchase of Hyundai Heavy’s A/S arm

KKR & Co. signed a definitive agreement on Tuesday to buy a stake in Hyundai Global Service Co. from Hyundai Heavy Industries Holdings Co. for 6...

Korea’s EV battery trio controls half of global market ex-China

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

Global folding screen market to explode as Samsung set to supply to China

Global folding screen market to explode as Samsung set to supply to China

Samsung Display Co., a leading South Korean display panel maker, will supply foldable displays to select smartphone makers in China amid industry fo...

Hyundai Heavy seals $757 mn stake purchase in Doosan Infracore

Hyundai Heavy seals $757 mn stake purchase in Doosan Infracore

South Korea’s Hyundai Heavy Industries Holdings Co. signed a definitive agreement on Friday to buy a controlling stake in Doosan Infracore Co....

Hyundai Heavy announces 5-for-1 share split, 2020 operating loss

Hyundai Heavy announces 5-for-1 share split, 2020 operating loss

Hyundai Heavy Industries Holdings Co. on Thursday announced a five-for-one share split after reporting an operating loss in 2020 due to weak shipbui...

Mando acquires JV to boost footing in autonomous vehicle industry

Mando acquires JV to boost footing in autonomous vehicle industry

South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...

Samsung hunts for top talent amid chip industry hiring war

Samsung hunts for top talent amid chip industry hiring war

Semiconductor giant Samsung Electronics Co. is looking for top talent amid an industry-wide push to recruit high-skilled workers to capitalize on th...

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...

Hyundai Heavy plans IPO this year; valuation to approach $4.5 bn

Hyundai Heavy plans IPO this year; valuation to approach $4.5 bn

South Korea-based Hyundai Heavy Industries Co. is planning a trading debut this year, with the proceeds marked for future growth engines to power th...

S.Korean chem firms hasten shift to bioplastics amid China's plastic ban

S.Korean chem firms hasten shift to bioplastics amid China's plastic ban

South Korea’s chemical industry is in crisis mode as China declares war on plastics, likely to deliver a heavy blow to Korean companies that b...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

Hyundai inks deal to build first overseas hydrogen fuel cell plant in China

Hyundai inks deal to build first overseas hydrogen fuel cell plant in China

Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to en...

Dongkuk Steel wows industry with color steel plates, earnings surprise

Dongkuk Steel wows industry with color steel plates, earnings surprise

GAMMANDONG, BUSAN -- The global steel industry underwent an unprecedented slump in 2020, with demand from the shipbuilding and automobile industries...

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