US shipbuilding business
Scope
Date
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Private equity
Korean PE firm STIC to buy stake in copper foil maker Iljin
South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...
Feb 15, 2023 (Gmt+09:00)
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Batteries
Ford EV production halt casts doubts over SK cell quality
Ford Motor Co. said on Tuesday it has stopped production and shipments of the F-150 Lightning electric pickup truck due to a possible battery issue,...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
AMCHAM head James Kim joins Hyundai Mobis as outside director
James Kim, chairman of the American Chamber of Commerce in Korea (AMCHAM), is joining South Korea’s largest auto parts maker Hyundai Mobis Co....
Feb 15, 2023 (Gmt+09:00)
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Cloud computing
NHN Cloud joins Cloud Native Computing Foundation's KCSP program
South Korea's NHN Cloud announced on Wednesday that it had become a Kubernetes Certified Service Provider (KCSP), which is a partner program created...
Feb 15, 2023 (Gmt+09:00)
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Perspectives
Biden must ensure US allies aren’t China collateral damage
The biggest irony about China-US relations today is just how much Xi Jinping misses Donald Trump. China’s leader would never admit this. ...
Feb 15, 2023 (Gmt+09:00)
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Leadership & Management
Plain sailing for LS with record earnings under Chairman Koo’s leadership
LS Group’s plan to groom new growth engines from batteries to electric vehicles and semiconductors is set to gain impetus after South Korea&rs...
Feb 15, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korean shipbuilders rule world’s eco-friendly vessel market
South Korea’s shipbuilders have won more than half of the orders to build eco-friendly vessels so this year based on advanced technology to do...
Feb 14, 2023 (Gmt+09:00)
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Batteries
POSCO ties up with Aussie firm on US EV cell mineral project
South Korea’s POSCO Group has joined hands with an Australian company to work on an electric vehicle battery material project in the US as it ...
Feb 14, 2023 (Gmt+09:00)
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Korean stock market
KB Securities launches AI-based RoboNews on US stocks
South Korea's KB Securities announced the launch of KB RoboNews on Monday, a cutting-edge artificial intelligence (AI) service that provides insight...
Feb 14, 2023 (Gmt+09:00)
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Robotics
Samsung Electronics, KAIST join forces to train robotics experts
Samsung Electronics Co. has partnered with the Korea Advanced Institute of Science and Technology (KAIST) to cultivate specialists in robotics. On M...
Feb 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor offers Bluelink free to new customers in US
Hyundai Motor Co. in a world first is offering lifetime membership of its connected car care service Bluelink free to new customers in the US, judgi...
Feb 14, 2023 (Gmt+09:00)
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Construction
Korean builders to ramp up overseas business in 2023
Major South Korean construction firms are set to expand their overseas business while reducing domestic projects this year to boost profitability. T...
Feb 13, 2023 (Gmt+09:00)
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Advertising & Marketing
S.Korea's Kyung Dong Navien expands its business in Central Asia
South Korea's heating systems manufacturer Kyung Dong Navien Co. held a conference for 100 local dealers in Tashkent, Uzbekistan, on Feb. 10.The con...
Feb 13, 2023 (Gmt+09:00)
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Automobiles
Hyundai's cumulative EV sales in US surpass 100,000
Hyundai Motor Group has achieved over 100,000 cumulative electric vehicle (EV) sales in the US market since 2014. The group's three brands, Hyundai,...
Feb 13, 2023 (Gmt+09:00)
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Construction
S.Korea's Hoban Group signs agreement with Aramco for cooperation
Hoban Group, South Korea's construction, property development, and manufacturing conglomerate, said Monday that it has signed a memorandum of unders...
Feb 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Why SM emerged as hot battlefield between HYBE, Kakao
SM Entertainment Co., a South Korean music label widely credited as the pioneer of K-pop, has emerged as a new battlefield between HYBE Co., the age...
Feb 10, 2023 (Gmt+09:00)
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Cloud computing
Hancom goes global with SDK, SaaS products
South Korea’s homegrown office suite developer Hancom Inc. will seek to boost its brand awareness in the global B2B software market with softw...
Feb 10, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group ranks first in US vehicle dependability study
Hyundai Motor Group has once again topped the U.S. Vehicle Dependability Study (VDS) conducted by J.D. Power, ranking first among 16 global automoti...
Feb 10, 2023 (Gmt+09:00)
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Bio & Pharma
HLB’s Rivoceranib, Hengrui's Camrelizumab approved as combination therapy in China
South Korea's HLB Co. announced on Thursday that the combination therapy of its drug candidate rivoceranib and Jiangsu Hengrui Pharmaceuticals Co., ...
Feb 09, 2023 (Gmt+09:00)
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Hydrogen economy
Doosan joins forces with S.Australian gov't to expand hydrogen business
Doosan Fuel Cell plans to expand its hydrogen business overseas. The company on Thursday said it had signed an agreement with the state of Sout...
Feb 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT DS secures global standard certification for Smart-X
KT DS, an IT service arm of South Korea's KT Group, said on Thursday that its Internet-of-Things (IoT) solution Smart-X has passed the oneM2M certif...
Feb 09, 2023 (Gmt+09:00)
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Retail
CJ Olive Young faces discipline for abuse of power with suppliers
CJ Olive Young Co., South Korea’s top beauty store chain, will face punishment by the country’s antitrust regulator for abuse of power o...
Feb 08, 2023 (Gmt+09:00)
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Batteries
Korea EV battery makers lose market share against Chinese rivals
South Korean electric vehicle cell makers lost a market share against Chinese competitors last year as they failed to fully benefit from a surge in ...
Feb 08, 2023 (Gmt+09:00)
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Automobiles
Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US
Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...
Feb 08, 2023 (Gmt+09:00)
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Business & Politics
FKI to be more open, future-minded and international as part of reform
South Korea’s major business lobby group the Federation of Korean Industries (FKI) will become a more open and future-oriented business group ...
Feb 08, 2023 (Gmt+09:00)
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Bio & Pharma
Medytox to sell off 2.2 mn shares of Daewoong's American partner Evolus
Medytox Inc. said in a regulatory filing on Wednesday that it is selling off approximately 2.19 million shares of Evolus, Daewoong Pharmaceutical's ...
Feb 08, 2023 (Gmt+09:00)
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Lotte Group to directly control global real estate unit
Lotte Corp., the fifth-largest conglomerate in South Korea, is poised to strengthen its real estate development unit under the direct control of the...
Feb 07, 2023 (Gmt+09:00)
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ESG
Hyundai Rotem releases data on eco-friendly railway businesses
Hyundai Rotem, the railway system subsidiary of Hyundai Motor Group, announced on Monday it has published information about its sales and research a...
Feb 07, 2023 (Gmt+09:00)
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Foreign exchange
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...
Feb 06, 2023 (Gmt+09:00)
Latest News
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- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds