US shipbuilding business
Scope
Date
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Banking & Finance
Korean banks post significant H1 profit drop at overseas operations
South Korea’s top four banks saw a significant drop in their overseas earnings in the first half as they focused more on domestic businesses s...
Sep 20, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha unveils carbon-free gas carrier amid tougher rules
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, has introduced a carbon-free gas carrier to meet the growing demand for eco-friendl...
Sep 20, 2024 (Gmt+09:00)
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Real estate
Koramco puts Hyundai Motor Securities building on market
Koramco Asset Management Co. has put the Hyundai Motor Securities building in Seoul's Yeouido business district (YBD) on the market. The deal is exp...
Sep 20, 2024 (Gmt+09:00)
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Electronics
LG Elec, Ricoh to team up for B2B DX business
LG Electronics Inc. said on Thursday that it signed a memorandum of understanding (MOU) with global office solutions company Ricoh to discover servi...
Sep 19, 2024 (Gmt+09:00)
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Energy
Taihan Cable enters HVDC market in US
South Korea's Taihan Cable & Solution Co. said on Thursday that it was selected as the cable supplier for a 320kV voltage-type high-voltage dire...
Sep 19, 2024 (Gmt+09:00)
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Electronics
Samsung tops US consumer TV satisfaction study
Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...
Sep 19, 2024 (Gmt+09:00)
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Korean food
Korean ramen makers set sights beyond US to Latin America
Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...
Sep 18, 2024 (Gmt+09:00)
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SK E&S mulls sale of real estate to boost clean energy biz
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is considering selling its real estate asset in Seoul, which is expec...
Sep 13, 2024 (Gmt+09:00)
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Retail
Shinsegae Department Store expands its diamond business
South Korea's Shinsegae Department Store is expanding its diamond business.Shinsegae announced on Thursday that it has entered into a strategic part...
Sep 13, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha teams up with Australian startup for space business
South Korea’s Hanwha Aerospace Co. has joined hands with Australian startup Gilmour Space Technologies in the space business, bolstering coope...
Sep 12, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Woori Bank adds two more branches in India
South Korea’s Woori Bank announced on Thursday that It has opened additional branches in Pune and Ahmedabad, India.These are the bank's fourth...
Sep 12, 2024 (Gmt+09:00)
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Korean games
Krafton diversifies its business by investing in Spoon Labs
South Korea's gaming giant Krafton Inc. said on Wednesday that it invested in SpoonLabs, a domestic short-form drama platform companySpoonLabs is th...
Sep 11, 2024 (Gmt+09:00)
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Electronics
LG's transparent OLED TV named best product in US
LG Electronics Inc.'s transparent OLED TV, the LG Signature OLED T, received the Best Designer Display award at the CEDIA Expo 2024, held in Denver,...
Sep 11, 2024 (Gmt+09:00)
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Logistics
CJ Logistics joins hands with Affinity for third-party logistics
CJ Logistics announced on Wednesday that it has signed a strategic memorandum of understanding (MOU) with Affinity Equity Partners.Affinity is a glo...
Sep 11, 2024 (Gmt+09:00)
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Energy
KEPCO, Burns & McDonnell to cooperate on power grid projects
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Tuesday that it signed a cooperation agreement for the joint...
Sep 10, 2024 (Gmt+09:00)
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Artificial intelligence
SPC, SK Telecom to collaborate on AI business
South Korea's SPC Group and SK Telecom Co. signed a memorandum of understanding (MOU) to collaborate in various areas such as membership and busines...
Sep 10, 2024 (Gmt+09:00)
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Bio & Pharma
Lotte to restructure bio business to focus on CDMO
South Korea’s retail-to-chemical conglomerate Lotte Group will restructure its bio business to focus on the profit-making medicine bio develop...
Sep 09, 2024 (Gmt+09:00)
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Batteries
SK Ecoplant sells off stake in Ascend Elements for $98 million
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, has unloaded all its holdings in US-based lith...
Sep 09, 2024 (Gmt+09:00)
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Korean chipmakers
Tokyo Electron: Chip machinery giant with ‘tireless animal spirit’
TOKYO – In the 1980s, Japanese chipmakers dominated the world’s semiconductor industry.Companies like NEC, Toshiba, Fujitsu and Mitsubis...
Sep 09, 2024 (Gmt+09:00)
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Construction
HD Hyundai establishes customization plant in Georgia, US
South Korea's HD Hyundai XiteSolution said on Friday that its construction equipment affiliates HD Hyundai Construction Equipment Co. and HD Hyundai...
Sep 06, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record August US sales, driven by hybrids, EVs
South Korea’s Hyundai Motor Co. and its sister firm Kia Corp. saw their US vehicle sales in August rise to all-time highs, driven by eco-frien...
Sep 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy passes Int'l Risk Management Standard audit
Samsung Heavy Industries, a leading South Korean shipbuilder, announced on Thursday that it has become the first in the Korean shipbuilding industry...
Sep 05, 2024 (Gmt+09:00)
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Banking & Finance
Hana Bank opens overseas office in Monterrey, Mexico
Hana Financial Group announced on Thursday that it opened the Monterrey Office, the first business channel of Hana Bank Mexico, in Monterrey, Mexico...
Sep 05, 2024 (Gmt+09:00)
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Electronics
HD Hyundai Electric to build 3rd circuit breaker factory
HD Hyundai Electric Co., a South Korean electric power distribution equipment manufacturer, will spend 120 billion won ($89 million) to build its th...
Sep 03, 2024 (Gmt+09:00)
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Entertainment
Korea’s Everland to lure horror fans with Netflix series
Everland, South Korea’s largest theme park, is set to lure horror movie fans at home and abroad with famous fright series such as “Stran...
Sep 02, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix ramp up DRAM business on rapid AI growth
Samsung Electronics Co. and SK Hynix Inc.,the world’s two largest memory chipmakers, are expanding their dynamic random access memory business...
Sep 02, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Will Samsung take over Nokia’s mobile network assets?
Samsung Electronics Co., the world’s top smartphone maker, has expressed interest in the mobile networks business of Nokia Oyj, a global telec...
Sep 01, 2024 (Gmt+09:00)
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Pension funds
NPS logs 9.71% return in H1 led by US tech stocks
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 9.71% investment return for the first half of ...
Aug 30, 2024 (Gmt+09:00)
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Real estate
KT&G to sell Korean office tower to Pebblestone for $90 mn
KT&G Corp., the world’s fifth-largest tobacco maker, is set to sell an office tower in South Korea to a local asset manager for an estimat...
Aug 30, 2024 (Gmt+09:00)
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Culture & Trends
Korea to launch regular K-content festival in June
South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...
Aug 29, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet