backlogs

Aerospace & Defense S.Korea’s defense order backlog reaches record $73.1 billion at end-2024

South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...

Bio & Pharma Novartis $391 mn deal powers Samsung Biologics backlogs to record high

Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, inked a $391 million contract from Novartis, nearly fi...

Earnings LG Elec Q2 profit misses forecast on costs; stocks tumble

LG Electronics Inc., the world’s leading home appliance maker, missed quarterly profit projections due to one-time costs related to job cuts, ...

Automobiles LG sees $76 bn in 2023 vehicle system order backlog

The automotive electronics business is emerging as a new cash cow for South Korea’s LG Electronics Inc., a household name in the home applianc...

Shipping & Shipbuilding Hyundai Vietnam Shipbuilding’s cumulative orders near 200 vessels

Hyundai Vietnam Shipbuilding Co., a unit of South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai, announced on Wednesday th...

Korean chipmakers Samsung foundry backlogs top $74.6 bn for logic chip biz goal

Samsung Electronics Co., the world’s No. 2 foundry player, has secured contract semiconductor manufacturing order backlogs of more than 100 tr...

Shipping & Shipbuilding Korean shipyards feel tailwind from emission rules

Tighter environmental rules and higher energy prices are providing tailwinds for South Korean shipbuilders, which have swept orders for eco-friendly...

Aerospace & Defense KAI expects 2023 sales to grow by a third, driven by fighter jets

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion w...

Shipping & Shipbuilding Korea’s Big Three shipbuilders in red despite growing order backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as li...

Shipping & Shipbuilding Korea’s big 3 shipbuilders aim to hike newbuilding prices

South Korea’s three major shipbuilders are looking to raise new shipbuilding prices to enhance their profitability following hefty second-quar...

Airlines Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...