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The Korea Herald

Industrials

April 19, 2024
France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger

French aviation authorities have rejected opening flight routes to Paris to T'way Air, the South Korean budget carrier, dealing a blow Korean Air's efforts to acquire Asiana Airlines, according to industry sources on Friday. The industry sources said the French aviation authorities delivered their...
April 18, 2024
Samsung C&T president makes her first business trip to Milan

Samsung C&T President Lee Seo-hyun, the younger sister of Samsung Electronics Chairman Lee Jae-yong, visited Italy on her first business trip after her recent comeback to a management role in the company, according to industry sources, Thursday. Lee reportedly visited Milan to attend Milan Design ...
April 18, 2024
Hanwha Systems' SAR satellite conducts Earth observation mission

Hanwha Systems, a South Korean defense solutions company, said Thursday its small synthetic aperture radar (SAR) satellite has successfully conducted a mission for Earth observation by capturing images of landmarks in major cities, including New York and Dubai. The images were taken by Hanwha Syst...
April 17, 2024
Mirae Asset Global X set for growth under new chief

Mirae Asset Global Investments announced Wednesday that Global X, its US-based exchange-traded fund subsidiary, would seek increased competitiveness under new CEO Ryan O'Connor, the former global head of ETF products at Goldman Sachs. O'Connor, who has an over 17-year career in the US ETF industry...
April 17, 2024
LS Materials breaks ground on EV parts plant

LS Materials’ subsidiary HAIMK began construction of an aluminum parts plant for electric vehicles in Gumi, North Gyeongsang Province, on Wednesday. According to LS Materials, the plant will begin the mass production of battery cases with an annual capacity that can be used for 300,000 EVs in the...
April 17, 2024
Affinity tapped as preferred bidder for SK Rent-a-Car

SK Networks has chosen Affinity Equity Partners, a private equity fund headquartered in Hong Kong, as its preferred bidder for the sale of its ownership stake in SK Rent-a-Car, the nation's No. 2 rental car service company. SK Networks intends to divest all of its shares in an estimated deal worth...
April 17, 2024
LS Eco Energy wins $30.51m supply deal to supply Denmark's Energinet

LS Eco Energy, a subsidiary of LS Cable & System, announced Wednesday that it is supplying extra high voltage cables to Energinet, a Danish state-owned transmission system operator of electricity and natural gas, over the next three years in a deal worth $30.51 million deal. The contract follows a...
April 17, 2024
Hanwha Ocean wins W176.4b order for 1 LPG carrier

Hanwha Ocean, the world's third-largest shipbuilder by order backlog, said Wednesday it has clinched a 176.4 billion-won ($127 million) order to build a liquefied petroleum gas (LPG) carrier for a shipper based in the Americas. Hanwha Ocean will build the vessels at its shipyard in Geoje on the so...
April 17, 2024
HD Hyundai Heavy inks deal with Scottish bodies on floating offshore wind project

South Korean shipbuilding giant HD Hyundai Heavy Industries said Wednesday that it has signed a deal with two Scottish economic development agencies on cooperation in the floating offshore wind sector. The memorandum of understanding calls for HD Hyundai Heavy Industries to share its knowhow on th...
April 16, 2024
Doosan, LG team up to debut EV charging robot

Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system combines LG’s 100-kilowatt fast chargers with Doosan’s high-dexterity collaborative robotics tech...
April 16, 2024
ShinWon accelerates global expansion with big ESG push

Engagement in global initiatives remains a top priority for ShinWon. Last November, ShinWon officially became a signatory to the UN Global Compact, pledging its commitment to corporate sustainability and social responsibility alongside more than 17,000 participants in over 160 countries. ShinWon C...
April 16, 2024
Main creditor of Taeyoung to conduct capital reduction amid debt restructuring

The state-run Korea Development Bank (KDB), the main creditor of Taeyoung Engineering & Construction, will likely conduct massive capital reduction and capital expansion in a way to support the troubled builder's debt restructuring, industry sources said Tuesday. According to the sources, KDB has ...
April 16, 2024
Ukrainian envoy visits HD Hyundai Construction Equipment

Ukrainian Ambassador to South Korea Dmytro Ponomarenko paid a visit to HD Hyundai Construction Equipment (HCE) to explore opportunities for collaboration in rebuilding Ukraine after the war, the Korean company said Tuesday. During his visit to HCE's global education center in Eumseong County, 84 k...
April 15, 2024
HD Hyundai expands solar power business

By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
April 15, 2024
HMM seeking to sharply expand fleet to hone competitiveness

South Korea's top container shipper HMM said Monday it will push to expand its fleet sharply over the next seven years in a bid to boost its competitive edge and secure a stable business base. Under the mid- and long-term strategy, HMM will raise its container shipping capacity to 920,000 twenty-f...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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