Servicios Industriales de la Marina

Leadership & Management Hanwha gears up for 3rd-generation leadership with chairman’s stake gift

South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate&rs...

Automobiles Hyundai Motor shares rally after US investment plan

Hyundai Motor’s shares gained ground after it unveiled a new U.S. investment plan to help avoid President Trump’s tariffs.The South Kore...

Upcoming IPOs Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...

Private equity La Defense might have a say over Hanmi Pharm's family feud

La Defense Partners is expected to exercise a casting vote over the ongoing management dispute at Hanmi Science Co. after the Seoul-based private eq...

Business & Politics Hyundai's new CEO Munoz vows to proactively respond to Trump policy

LOS ANGELES – José Muñoz, the incoming chief executive of South Korea's top automaker Hyundai Motor Co., said on Thursday the co...

Future mobility Supernal aims to launch flying cars at LA 2028 Olympics

Supernal LLC, the US-based urban air mobility (UAM) unit of Hyundai Motor Group, aims to launch its electric vertical take-off and landing (eVTOL) a...

Korean SMEs KOSME, CJ Olive Young support K-beauty SMEs to enter US

Korea SMEs and Startups Agency (KOSME) announced on Tuesday that it held online and offline marketing and buyer meetings in partnership with CJ Oliv...

Energy Taihan Cable wins $94 mn power grid project in US

South Korea's Taihan Cable & Solution Co. announced on Tuesday that it has consecutively won three power grid projects in the US. The total cont...

Tech, Media & Telecom Wavve to enter European, Oceanian OTT markets

South Korea's over-the-top (OTT) platform company Wavve announced on Wednesday that it plans to enter European and Oceanian OTT markets through it...

Shareholder activism Samsung C&T defeats activist funds in proxy battle

Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of S...

Corporate governance NPS to veto adding Hyosung chair, vice chair to board

The National Pension Service (NPS) will veto the appointment of the chairman and vice chairman of Hyosung Corp. as inside board members of the de fa...

Machinery Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...

Construction Bando E&C commences second housing project in US

South Korea's Bando Engineering & Construction Co. announced on Tuesday that it has embarked on its second housing development project, "The Bor...

Bio & Pharma Icure wins $2.85 mn lidocaine cataplasm order from Guatemala

South Korea's Icure Pharmaceutical Incorporation announced on Tuesday that it signed a supply contract for the specialized local anesthetic lidoca...

Food & Beverage Hotel Shilla’s four restaurants selected on La Liste

South Korean leading luxury hotel and retail operator Hotel Shilla announced on Tuesday that its four restaurants were selected on the La Liste 2024...

K-pop K-pop group aespa to premiere ‘Better Things’ single in LA

K-pop girl group aespa will hold a concert "aespa LIVE TOUR 2023 - SYNK: HYPER LINE" at the Crypto.com Arena in Los Angeles, US, on August 13, their...

K-pop Samsung Elec denies rumor of Galaxy ads with Fifty Fifty

Samsung Electronics Co., the world’s second-largest smartphone maker, has denied market rumors that K-pop rookie sensation Fifty Fifty will ap...

Artificial intelligence Genie Music launches AI-based arrangement service

Genie Music, the music production and distribution affiliate of South Korea’s KT Corp., has launched an arrangement service for digital music ...

Food & Beverage S.Korea's Daesang acquires US food company Lucky Foods

Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...

Metaverse SK Telecom launches Seoul, LA tours in metaverse

SK Telecom Co., South Korea's top mobile carrier, said Monday it has created a virtual space of tourist attractions on its metaverse platform Ifland...

Retail Hanjin to open pop-up store for S.Korean fashion brand in LA

South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Wednesday that it will hold a pop-up event to promote domestic e...

Electronics LG Electronics unveils new OLED TV at Frieze LA

LG Electronics Inc. said on Sunday that it would launch its 2023 model LG OLED Evo TV globally next month, after showcasing it at Frieze LA, one of ...

Food & Beverage Fried chicken chain bhc opens first US store in LA

South Korea’s No. 2 fried chicken brand bhc Group on Monday said it opened its first store in North America on Friday at the Original Farmers ...

Korean stock market Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up

Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...

Food & Beverage K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...

Airlines UK grants de facto approval of Korean Air's Asiana takeover

The UK's top watchdog for market competition on Monday accepted corrective measures submitted by Korean Air Lines Co. on its proposed takeover of As...

Future mobility Hyundai Genesis to unveil electric-powered convertible concept car

Genesis, the luxury car brand of Hyundai Motor, has unveiled a convertible concept model in Southern California.In Malibu Tuesday, Genesis introduce...

Leadership & Management Jay Y. Lee inaugurated as chairman of Samsung Electronics

Samsung Electronics Co.'s leader Jay Y. Lee was promoted as the company's chairman on Oct. 27.Samsung Electronics' board of directors approved the a...

Arts Seoul outshines NY, LA to emerge as Frieze Art's No.2 market

The Frieze Art Fair’s first Asia exhibition in Seoul attracted big crowds of VIP collectors and general art lovers from across South Korea thi...

Korean chipmakers Samsung holds emergency CEO meeting on technology, risk

Chief executives of Samsung Group’s technology units, led by Samsung Electronics Co., held an emergency meeting on Monday to discuss new techn...