future of the shipyard

Batteries POSCO Future M to make spherical graphite as it cuts dependence on China

POSCO Future M Co., South Korea’s leading battery materials maker, is set to manufacture spherical graphite – a critical material for ba...

Leadership & Management Samsung Chairman Lee meets with Xiaomi CEO Lei Jun for partnership

BEIJING – Samsung Electronics Co. Chairman Lee Jae-yong has met with Xiaomi Inc. Chief Executive Lei Jun in the Chinese capital, raising specu...

Corporate strategy Hyundai chief Chung Euisun targets software-led car dominance by 2028

Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...

Leadership & Management Kakao founder Kim to resign as control tower chair

Kakao Corp. founder Kim Beom-soo, also known as Brian Kim, will step down as chairman of the South Korean tech giant’s top decision-making bod...

Shipping & Shipbuilding HD Hyundai, Palantir chiefs discuss AI shipyard, defense technology

Chung Kisun, executive vice chairman of the world’s largest shipbuilder HD Hyundai Co., has met with Alex Karp, CEO of Palantir Technologies I...

Automobiles Hyundai Motor launches future strategy division overseeing M&As

Hyundai Motor Group has created a future business strategy division that serves as a control tower for the automotive group’s expansion into n...

Artificial intelligence LG, SNU team up to develop AI modeling for protein structure predictions

LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...

Corporate restructuring POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors

South Korea’s POSCO Holdings Inc. said on Monday it plans to sell 61 unprofitable and non-core assets to raise 1.5 trillion won ($1 billion) a...

Earnings Hanwha Ocean swings to profit, seeks 6 US Navy MRO projects

Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung to profit in 2024 for the first time in four years, driven by increased sa...

Shipping & Shipbuilding HD KSOE wins $2.6 bn order for 12 container ships

South Korea’s largest shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said on Thursday it got 3.716 trillion won ...

Automobiles Hyundai Motor, Nvidia team up for AI development for future mobility

South Korea’s top automaker Hyundai Motor Group said on Friday that it has teamed up with Nvidia Corp. to accelerate the development of advanc...

Automobiles Hyundai Motor vows record investment of $16.7 bn in South Korea

Hyundai Motor Group will invest 24.3 trillion won ($16.7 billion) this year in South Korea, the largest-ever annual investment in its home country, ...

Shipping & Shipbuilding Hanwha to more than double staff at US Philly Shipyard in 10 years

South Korea’s Hanwha Group is set to more than double its employees at Hanwha Philly Shipyard in the US over the next 10 years as the chemic...

Robotics Samsung joins humanoid robots race with larger stake in Rainbow Robotics

Samsung Electronics Co. has become the largest shareholder of Rainbow Robotics Co., a South Korean collaborative robot maker, as the tech giant spen...

Foreign exchange Korea to relax FX rules by December to boost dollar selling

South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) a...

Shipping & Shipbuilding Hanwha completes acquisition $100 mn Philly Shipyard

South Korean chemicals-to-defense conglomerate Hanwha Group completed the acquisition of Philly Shipyard on Friday.The size of the deal was $100 mil...

Steel POSCO Future M develops technology to make electrode rods

POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...

Aerospace & Defense Hyundai Rotem to supply ground weapons to Peru

South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...

Fintech NinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments

NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to ...

Aerospace & Defense Korea’s Hanwha wins US Navy MRO deal as Trump seeks deeper shipbuilding ties

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured another vessel repair contract from the US Navy, expanding its defense busi...

Retail GS Retail selects six startups to innovate retail biz

South Korea's GS Retail said on Friday it selected six startups—Studio Lab, Tilda, Oasis Business, YesPlzAI, Vessl AI, and Raondata—th...

Automobiles Hyundai Motor designs the future of mobility in Irvine studio

IRVINE, Calif. -- White sneakers, gray nail polish, pink goggles and orange remote controls are not something visitors expect to see in car design s...

Automobiles Tata Daewoo rebrands itself as Tata Daewoo Mobility

South Korea's Tata Daewoo Commercial Vehicle Company is rebranding itself as "Tata Daewoo Mobility" to mark its 30th anniversary.Tata Daewoo held on...

Batteries L&F to supply ultra-high nickel cathodes to Korean, US EV makers

South Korea’s leading battery materials maker L&F Co. plans to begin mass production of nickel-cobalt-manganese (NCM) battery cathodes wit...

Automobiles Toyota, Hyundai agree to deepen ties in hydrogen, robotics

Toyota Motor Corp. and Hyundai Motor Group agreed to deepen their partnership in developing future mobility technology, especially in hydrogen fuel-...

Batteries POSCO Future M begins NCA production in Pohang

South Korea's POSCO Future M Co. has started production of nickel, cobalt, aluminum (NCA) cathode materials at its Pohang factory, three months ea...

Electronics LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Shipping & Shipbuilding Samsung Heavy to become 1st paperless drawing shipyard

Samsung Heavy Industries Co. said on Monday it will adopt three-dimensional (3D) digital drawings for its entire ship design and construction proces...

Batteries POSCO to invest in Tanzanian mine to cut Chinese graphite imports

POSCO Group, South Korea’s steel and battery material conglomerate, is set to invest in the world's second-largest graphite reserve, in Tanzan...

Shipping & Shipbuilding HD Hyundai establishes foundation for shipyard accident victims

South Korea's HD Hyundai Co. established the HD Hyundai Hope Foundation (tentative name) to support the families of victims of major industrial acci...