Ocean carrier HMM's share price gains put KDB in hot seat

Ocean carrier HMM's share price gains put KDB in hot seat

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

Poultry processor Harim to buy Korean top sea carrier HMM for $5 bn

South Korea’s leading poultry processor Harim Group is set to acquire the country’s No. 1 sea flag carrier HMM Co. for about 6.4 trillio...

HD KSOE wins deal for 3 ultra-large ethane carriers at $500 mn

HD KSOE wins deal for 3 ultra-large ethane carriers at $500 mn

HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, announced on Friday that it has secured a co...

Korean shipbuilders shrug off concerns over lower new ship prices

Korean shipbuilders shrug off concerns over lower new ship prices

South Korean shipbuilders shrugged off concerns of an industry peak-out boosted by the first fall of new vessel prices in 45 weeks and lower used sh...

HD KSOE secures $432 mn order for 4 ammonia carriers

HD KSOE secures $432 mn order for 4 ammonia carriers

HD Hyundai has successfully secured a contract for building mega-sized ammonia carriers worth 557.4 billion won ($432.4 million). HD Korea Shipbuild...

Air Premia posts first-ever quarterly profit

Air Premia posts first-ever quarterly profit

Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...

LG Uplus to spur generative AI service for new growth: CEO

LG Uplus to spur generative AI service for new growth: CEO

LG Uplus Corp., a leading mobile carrier in South Korea, is accelerating its generative artificial intelligence business as a new growth driver amid...

Hanwha Ocean wins $125.5 mn order for VLAC

Hanwha Ocean wins $125.5 mn order for VLAC

South Korea's Hanwha Ocean Co. announced on Monday that it secured an order for one very large ammonia carrier (VLAC) from a shipowner in Oceania fo...

SK Earthon starts shipping crude oil from South China Sea

SK Earthon starts shipping crude oil from South China Sea

SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil...

HD KSOE secures order for two VLEC

HD KSOE secures order for two VLEC

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) announced on Friday it has recently signed a shipbuilding contract for two very large-sc...

LG Elec to venture into US EV charger market in 2024

LG Elec to venture into US EV charger market in 2024

South Korea’s LG Electronics Inc. is readying to enter the US electric vehicle charger market with the launch of EV chargers in the first half...

South Korea’s SK Earthon discovers crude oil offshore Vietnam

South Korea’s SK Earthon discovers crude oil offshore Vietnam

SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., said on Thursda...

Hanwha Ocean wins world's largest ammonia carriers order

Hanwha Ocean wins world's largest ammonia carriers order

South Korea's Hanwha Ocean Co. secured 656.2 billion won ($496 million) worth of four very large ammonia carriers (VLAC) order from the Greek shippi...

LG Uplus buys pet Airbnb-style startup to boost pet care services

LG Uplus buys pet Airbnb-style startup to boost pet care services

LG Uplus Corp. has acquired a domestic dog space rental startup Along as the South Korean mobile carrier is zooming in on pet care services as its n...

POSCO Holdings to secure lithium from oil-field brine in Canada

POSCO Holdings to secure lithium from oil-field brine in Canada

South Korea's POSCO Holdings Inc. announced on Wednesday it signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) in Seou...

SK Telecom invests in AI startups Allganize, Imprimed

SK Telecom invests in AI startups Allganize, Imprimed

SK Telecom Co. has invested a combined 9.4 billion won ($7.2 million) in artificial intelligence startups Allganize Inc. and Imprimed Inc., the top ...

S.Korea’s HMM expands bulk carrier fleet for stable profit

S.Korea’s HMM expands bulk carrier fleet for stable profit

HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...

Asiana Airlines to sell cargo business for merger with Korean Air

Asiana Airlines to sell cargo business for merger with Korean Air

Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...

Hanwha Ocean taps middle-aged women, robots for ship welding work

Hanwha Ocean taps middle-aged women, robots for ship welding work

GEOJE, Gyeongsang Province – Hanwha Ocean, the world’s No. 2 shipbuilder, is actively embracing middle-aged female workers and robots fo...

S-Oil basks in hefty Q3 profit, expects strong winter demand

S-Oil basks in hefty Q3 profit, expects strong winter demand

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., said on Monday it swung to a net profit in the third quarter from a loss the year earli...

SK Geo Centric to supply recycled plastic materials to Amcor

SK Geo Centric to supply recycled plastic materials to Amcor

SK Geo Centric Co., a South Korean petrochemical company, announced on Thursday it has entered into an agreement to supply recycled plastic material...

Mobile carrier LG Uplus makes inroads into EV charger market

Mobile carrier LG Uplus makes inroads into EV charger market

LG Uplus Corp., South Korea’s mobile and broadband service provider, has released the prototype of its first electric vehicle charger to make ...

S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

S.Korean airlines see 12.87 mn int’l passengers in Q3 2023

South Korean airlines’ international passenger traffic in the third quarter reached 85% of that over the same period in 2019, the year befor...

Dana Petroleum discovers new gas field in North Sea

Dana Petroleum discovers new gas field in North Sea

Dana Petroleum, wholly owned by state-run Korea National Oil Corp. (KNOC), has discovered a new high-quality gas field in the North Sea, KNOC said o...

HD KSOE builds world’s first mid-size ammonia-fueled vessel

HD KSOE builds world’s first mid-size ammonia-fueled vessel

South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE), an affiliate of HD Hyundai Group, is building the world's first mid-siz...

LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier

LG Uplus set to catch up to KT as Korea’s No. 2 mobile carrier

  LG Uplus Corp., the perennial No. 3 mobile carrier in South Korea, is fast catching up to its closest rival KT Corp. to rank second just beh...

POSCO International, GS Caltex to build palm oil refinery in Indonesia

POSCO International, GS Caltex to build palm oil refinery in Indonesia

South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility ...

BBQ to change fried chicken recipe as olive oil price soars

BBQ to change fried chicken recipe as olive oil price soars

BBQ, a popular South Korean fried chicken brand, will change the recipe for its signature olive oil fried chicken for the first time in 18 years to ...

HD Hyundai Oilbank changing into eco-friendly energy entity

HD Hyundai Oilbank changing into eco-friendly energy entity

South Korea's HD Hyundai Oilbank is transforming from a petroleum and oil refinery company into an eco-friendly energy entity through diversificatio...

LG Uplus invests $7.4 mn in S.Korean edu-tech startup

LG Uplus invests $7.4 mn in S.Korean edu-tech startup

South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...

South Korea moves to mandate treasury share cancellation South Korean airlines bank on China routes for profit recovery Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold