Hyundai Mobis Co., South Korea's biggest auto parts maker, said Sunday that, starting from 2021, it will apply an advanced forward collision avoidance system to trucks and vans produced by Hyundai Motor Co. Hyundai Mobis has developed the driver state warning (DSW) system, which d
Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder in South Korea, said Friday it has signed a strategic partnership with global engine makers to boost its effort to build smart ships. Daewoo Shipbuilding said it will join hands with German-based MAN Energy Solutions SE
Samsung Electronics Co. Vice Chairman Lee Jae-yong returned Friday from Japan amid the neighboring nation's curbs on high-tech exports to South Korea.The heir apparent of Korea's biggest conglomerate, Samsung Group, flew to Tokyo on Sunday, three days after Japan implemented export restricti
ChongKunDang Pharm has dedicated an anti-cancer drug plant in Indonesia, which will serve as a springboard for its global reach. The dedication ceremony was held jointly with local pharmaceutical company OTTO at Cikarang Industrial Estate, 50km from Jakarta, on July 9.Attending the ceremony were Nil
By Vice President Park Byung-wook with Son Da-som and Paul KimHyundai Steel, largely known as the front runner in the steel industry in Korea and around the world, has recently put out a new product called an ‘H-Solution.’ This comes in the wake of what they called an “H Core” back in 2017.“H-Soluti
Samsung Electronics Vice Chairman Lee Jae-yong is extending his trip to Japan to resolve any potential fallout from the neighboring country's tough regulations for shipments of key materials used for chip and display productions, industry sources Tuesday. Lee, the de factor leader of the South K
Samsung Electronics Vice Chairman Lee Jae-yong traveled to Japan on Sunday, apparently to meet with local business leaders and discuss Seoul's response to Tokyo's retaliatory limits on exports of high-tech materials.Japan said last week it would tighten regulations on exports of materials us
SK Trading International Co. (SKTI), a subsidiary of South Korea's largest refiner SK Innovation Co., said Sunday it plans to quadruple its offshore low-sulfur fuel supply business next year to meet increased demand following strict environmental regulations by the International Maritime Organiz
Samsung Electronics Co. said Friday its operating earnings more than halved in the second quarter from a year earlier amid the weak memory chip and handset market. The operating profit was estimated at 6.5 trillion won (US$5.6 billion) in the April-June period, a 56.3 percent drop from a year ago, a
Small shareholders of the Korea Electric Power Corporation (KEPCO) announced on July 4, 2019 that they will formally file a charge with the Seoul Central District Prosecutor’s Office against President Moon Jae-in.Chairman Chang Byung-chun of the KEPCO Small Share Holders’ Action Organization issued
Hanjin Heavy Industries & Construction Co., a midsize shipbuilding and construction company in South Korea, said Thursday it has signed a strategic partnership with a Filipino builder to win infrastructure projects in the Philippines.Under their strategic alliance agreement, Hanjin Heavy said it aim
South Korea's largest steelmaker POSCO said Tuesday one of its major steel mills has returned to normal operations following a power outage the previous day. POSCO said that furnaces and other production facilities at its steel mill in Gwangyang, South Jeolla Province, some 420 kilometers southw
Japan's move to restrict tech material exports is an elaborate scheme to pressure South Korea's key industry amid a bilateral diplomatic row, but the ripples could spread to both sides if the measures are broadly applied and last for a long time, industry watchers said Tuesday. The Japanese
Hyundai Merchant Marine Co., a major South Korean shipper, said Monday it will join a major ocean carrier alliance next April in a bid to boost its competitiveness in the industry. Hyundai Merchant said it will become an official member of THE Alliance, and will work with Hapag-Lloyd AG of Germany,
Hyundai Heavy Industries Group, a major South Korean shipbuilding conglomerate, said Monday it has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co.Hyundai Heavy said it has submitted a request for f
South Korea's industrial output edged down 0.5 percent in May from a month earlier due in part to decreased oil refining, government data showed Friday.The data compiled by Statistics Korea showed oil refining fell 14 percent in May from a month earlier, while production in the service sector in
South Korea's industrial output edged down 0.5 percent in May from a month earlier due in part to decreased oil refining, government data showed Friday. The data compiled by Statistics Korea showed oil refining fell 14 percent in May from a month earlier, while production in the service sector i
By Chief Editorial Writer Choe Nam-suk“When a new change for the future aims at a better tomorrow everyone dreams and hopes for, the change can have true value.” This greets you when you enter the website of the Hyongsung Business Group in Seoul, who ranks 22nd in the jaebeol hierarchy in Korea in 2
Woongjin Group, a midsize conglomerate in South Korea, said Thursday it has decided to resell its water purification affiliate in order to improve the group's financial health.The group said it plans to sell a 25.08 percent stake in Woongjin Coway, the nation's largest home appliance rental
Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) has issued four new high-quality gold bar and silver bar products, including "King Kwanggaeto the Great Gold Bar.” The three others are two gold bars and one silver bar for “Gahwamansaseong.” Under King Kwanggaeto the Great (r391-4