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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...
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...
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...
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...
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...
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...
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...
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 ...
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...
By Kan Hyeong-woo ( hwkan@heraldcorp.com ) The Korea Herald
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...
Earnings of Korean steel companies in the first quarter are expected to fall due to increased prices of raw materials and the sluggish construction market, according to reports from local securities companies, Sunday. Analysts had a bleak outlook for Posco, the country's steel giant, expecting tha...
Through its six years of successful transformation, AXA now stands to ramp up its core business operations through the utilization of data and artificial intelligence technology to accelerate the development of innovative services, the subsidiary elaborated. For AXA Korea, Buberl also emphasized f...
Naver Cloud, the cloud computing arm of South Korea's tech giant Naver, said Thursday it will join hands with US chipmaker Intel to create an artificial intelligence (AI) chip software ecosystem in South Korea. The two companies have agreed to provide IT infrastructure based on Intel's AI accelera...
Finance chief vows tighter control on household debt
Nvidia CEO hints at possibility of fabbing GPUs at Samsung
OB acquires Jeju Soju, eyes bigger presence abroad
Samsung’s yearly dilemma looms: Exynos vs. Snapdragon
HD Hyundai, Hanwha push zero-emissions agenda at Gastech 2024
Pulmuone launches frozen gimbap in China