Samsung Heavy Industries lands $1.5 bn deal for offshore plant order

Samsung Heavy Industries lands $1.5 bn deal for offshore plant order

South Korean shipbuilder Samsung Heavy Industries has bagged a $1.5 billion order to build an offshore plant from an Asian shipper, the company reve...

Hyundai Heavy Industries Group develops dual LNG-hydrogen engine

Hyundai Heavy Industries Group develops dual LNG-hydrogen engine

Hyundai Heavy Industries (HHI) Group has developed South Korea's first hybrid engine that uses liquefied natural gas (LNG) and hydrogen.The group's ...

KSOE signs agreement with Omani company to build 2 LNG carriers

KSOE signs agreement with Omani company to build 2 LNG carriers

Korea Shipbuilding & Offshore Engineering Co., the shipbuilding holding company of the Hyundai Heavy Industries Group, said on Thursday that it ...

Samsung Chairman Jay Y. Lee flies to Vietnam for global business

Samsung Chairman Jay Y. Lee flies to Vietnam for global business

Samsung Electronics Co. Chairman Jay Y. Lee embarked on a business trip to Vietnam on Wednesday to attend an opening ceremony for a research and dev...

Samsung unveils industry’s first 12 nm DRAM, compatible with AMD

Samsung unveils industry’s first 12 nm DRAM, compatible with AMD

Samsung Electronics Co., the world’s largest memory chipmaker, said on Wednesday it has unveiled an advanced DRAM chip, using the industry&rsq...

Hyundai Heavy develops new chemical-resistant paint for PC carriers

Hyundai Heavy develops new chemical-resistant paint for PC carriers

Hyundai Heavy Industries Group said Wednesday that it has developed a paint product for petrochemical product (PC) carriers with significantly impro...

Samsung Display to build Micro OLED line for VR, AR devices

Samsung Display to build Micro OLED line for VR, AR devices

Samsung Display Co., South Korea’s largest display maker, is building a production facility for Micro OLEDs, a next-generation display technol...

GS E&C inks deal with AirFirst on industrial gas tech development

GS E&C inks deal with AirFirst on industrial gas tech development

GS Engineering & Construction Co. said on Tuesday that it has signed an agreement with AirFirst to work together in the areas of industrial gas ...

Hyundai becomes younger with 1 in 3 new executives in their 40s

Hyundai becomes younger with 1 in 3 new executives in their 40s

South Korea’s Hyundai Motor Group, which owns Hyundai Motor Co. and Kia Corp., has carried out a year-end mid-tier executive reshuffle marked ...

Samsung Heavy receives approval from US on gas recovery system

Samsung Heavy receives approval from US on gas recovery system

Samsung Heavy Industries, a major shipbuilder in South Korea, said on Tuesday that its boil-off gas recovery system (BReS) for LNG-powered vessels h...

Samsung Elec's green heat pump takes energy-starved Europe by storm

Samsung Elec's green heat pump takes energy-starved Europe by storm

Samsung Electronics on Monday said its heat pump Eco Heating System (EHS), a green heating and cooling system, has seen explosive sales growth on th...

Samsung unveils gaming experience zone at Selfridges London

Samsung unveils gaming experience zone at Selfridges London

Samsung Electronics Co., the world's largest chipmaker and a global electronics giant, announced on Sunday it will open a gaming simulator experience ...

S.Korea's LS Mtron opens center to reinforce global logistics

S.Korea's LS Mtron opens center to reinforce global logistics

LS Mtron, the heavy machinery and advanced parts-making unit of South Korea's LS Group, on Monday said it completed the LS Mtron Parts and Solution ...

Leaders of Samsung, BMW discuss bolstering EV battery partnership

Leaders of Samsung, BMW discuss bolstering EV battery partnership

Samsung Electronics Chairman Jay Y. Lee met with the Chairman of the Management Board of BMW Group Oliver Zipse on Saturday to discuss ways to deepe...

Samsung Electronics to enhance Minute Maid Park digitally

Samsung Electronics to enhance Minute Maid Park digitally

Samsung Electronics Co. has been selected as an official partner for display solutions at Minute Maid Park, the home stadium of the 2022 Major Leagu...

Samsung Heavy obtains blockchain security certificate

Samsung Heavy obtains blockchain security certificate

South Korea's Samsung Heavy Industries Co. announced the successful development of a cyber-security solution for autonomous ships using blockchain t...

KCC's paint selected as World-Class Product for 14 consecutive years

KCC's paint selected as World-Class Product for 14 consecutive years

South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...

Samsung eyes new mobile AP chip to take on Apple's iPhone

Samsung eyes new mobile AP chip to take on Apple's iPhone

Samsung Electronics Co. and Apple Inc. have had a long rivalry in the global market for smartphones and other mobile devices. In terms of sales...

KSOE joins race to buy marine engine maker STX Heavy Industries

KSOE joins race to buy marine engine maker STX Heavy Industries

Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Ind...

Korea's 2021 bio sector output $15.4 bn; 5-year annual growth 20%

Korea's 2021 bio sector output $15.4 bn; 5-year annual growth 20%

South Korea's bio industry last year exceeded 20 trillion won ($15.4 billion) in production for the first time and continues to see strong growth.Th...

Samsung suspends staff overseas training to cut costs

Samsung suspends staff overseas training to cut costs

Samsung Group canceled overseas training for South Korean staff for the first time in 32 years as the country’s top conglomerate tried to cut ...

Hanwha Q Cells to sell 7 US battery ESS projects to Spain’s Acciona Energia

Hanwha Q Cells to sell 7 US battery ESS projects to Spain’s Acciona Energia

Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, said on Wednesday it has signed a deal to sel...

S. Korea fosters 30 food tech unicorns within next 5 years

S. Korea fosters 30 food tech unicorns within next 5 years

The Korean government by 2027 seeks to develop 30 food tech unicorns and boost exports in this sector to $2 billion through stronger support for the...

CJ Logistics expands global e-commerce shipping services

CJ Logistics expands global e-commerce shipping services

South Korea’s CJ Logistics Corp. is ramping up its cross-border e-commerce (CBE) businesses as its local rival Coupang Inc. is increasing domi...

Samsung Electronics launches newsrooms in Swedish, Norwegian

Samsung Electronics launches newsrooms in Swedish, Norwegian

Samsung Electronics Co., the world's largest memory chipmaker and major mobile device manufacturer, opened online newsrooms in Sweden and Norway, it...

Samsung’s foundry revenue exceeds mainstay NAND chip sales

Samsung’s foundry revenue exceeds mainstay NAND chip sales

Samsung Electronics Co., the world’s largest memory chipmaker, saw its foundry business revenue exceed that of its mainstay NAND flash chips f...

Curious completes second Samsung Heavy drillship sale

Curious completes second Samsung Heavy drillship sale

South Korean private equity firm Curious Partners has recently completed selling an undelivered drillship constructed by Samsung Heavy Industries Co...

LG Group seeks future growth engines with new R&D units

LG Group seeks future growth engines with new R&D units

LG Group, South Korea’s fourth-largest conglomerate, set up new research and development units at key affiliates to seek future growth engines...

Doosan, DL consortium to invest $130 mn in X-Energy for SMR project

Doosan, DL consortium to invest $130 mn in X-Energy for SMR project

A South Korean consortium led by Doosan Enerbility Co. and DL E&C Co. is investing $130 million in X-Energy LLC, a US nuclear reactor and fuel d...

S.Korean Proteina gets offers from global pharmaceutical companies

S.Korean Proteina gets offers from global pharmaceutical companies

Global pharmaceutical companies are expressing keen interest in the South Korean diagnostics company Proteina. Unlike companies that search for sp...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A