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Hanwha Group’s defense units will showcase their latest technologies at North America’s largest land-power exposition in Washington this week, the company said Sunday. Hanwha Corp., Hanwha Defense and Hanwha Systems will share a booth at the 2019 Annual Meeting and Exposition of the Association...
Finnair will start training pilots for its new Busan-Helsinki route, which is set to operate from March next year, according to industry sources on Oct. 11. From next month, training will begin with a simulation program, which takes around three to four hours per run, according to sources. Finlan...
Nearly half of the restaurants that newly opened in 2013 had gone out of business by September this year, data showed Oct. 3. Around 15,000 of the 31,000 restaurants, cafes and bars that launched six years ago in the capital city had closed their doors as of last month, according to the data co...
SK Innovation on Sept. 29 expressed regret over the patent infringement lawsuit recently filed against it by LG Chem with a US court, vowing a strong response as the legal battle rages on between the two battery rivals. On Sept. 29, SK Innovation said, “We will respond strongly by taking all poss...
The Korean German Chamber of Commerce and Industry on Sept. 27 successfully held its “5th KGCCI Innovation Awards” ceremony at the floating island Sebitseom in Seoul. “We are proud to recognize companies that are leading innovation in Korea,” said Barbara Zollmann, President and CEO of KGCCI. ...
Samsung Heavy Industries a major shipbuilder here, said Sept. 26 it has developed the world’s first Aframax crude oil tanker powered by fuel cells. The company said it had acquired approval in principle from DNV GL, a Norway-based classification society, for its fuel cell-powered Aframax COTs....
SK Engineering & Construction said Sept. 25 it will set up a joint venture with US-based Bloom Energy for the production of solid oxide fuel cell. The 49:51 JV, to be set up in November, will provide Korean-made fuel cells to power-generating facilities, data centers, among others. “The compa...
SINGAPORE -- Roughly 30 percent of France-based Schneider Electric’s revenue came from the Asia-Pacific region in 2018. Another 30 percent came from North America and Western Europe, respectively, with the portfolio ranging from voltage distribution products to solutions for automation, energy st...
Lam Research, a global manufacturer of semiconductor equipment, is mulling plans to move its research and development center to South Korea, local media reported Sept. 19. Citing an unnamed government official and industry sources, ET News reported that Lam Research decided on the move during a re...
SINGAPORE -- Traditional methods used to maintain cost efficiency in the labor-intensive field of shipbuilding and marine engineering will give way more and more to digital solutions that are already quietly permeating the industry, Craig Hayman, CEO of UK industrial software developer Aveva, said ...
British home appliance maker Dyson on Sept. 19 introduced its latest vacuum cleaner and air purifiers. The V11 220 Air Watts CF features the strongest suction power among its cordless vacuum cleaner lineup since its launch in 2010, according to Dyson. The latest product, costing 1.2 million...
SINGAPORE -- While digital transformations remain a demanding task for capital-intensive projects like shipbuilding and power plant construction, firms who have managed to catch on are learning to avoid the complexity in managing data flow. One of them is South Korea’s major shipbuilder Samsung ...
SINGAPORE -- UK-based industrial software developer Aveva said Sept. 17 it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projects. The news comes amid the UK company’s push for software integration following its merger with F...
South Korean companies continued to suffer setbacks in their sales and profits in the second quarter amid slower economic growth and sluggish exports, central bank data showed Sept. 17. In the April-June period, the average sales of local companies shrank 1.1 percent from the same period last y...
South Korean imports of Japanese beer fell 97 percent in August from a year earlier due to a boycott of Japanese products amid a bilateral trade spat, data showed Sept. 16. The value of imports of Japanese beer came to $223,000 in August, compared with $7.56 million in the same period of last y...
Bank of Korea eyes rate cut after US Fed's historic pivot
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GS Caltex supplies eco-friendly fuel to Japan’s Narita Airport
Samsung CEO introduces ‘bold growth’ as new target
Hyundai Glovis to gain momentum as global car carrier shortage persists