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Sat, April 20, 2024 | 16:42
Rising Mideast tensions unnerve Korean construction firms
The intensifying military conflict between Israel and Iran has unnerved Korean construction firms, which had been seeking large-scale projects in the Middle East to overcome a recent slump in the domestic housing market, according to industry officials, Friday.
Companies | 2024-04-19 17:00
Hanwha Ocean expands offshore construction presence
Hanwha Ocean has reinforced its marine construction business by entering the offshore wind power market and hiring a foreign expert from a global offshore equipment provider, the shipbuilder said Friday.
Companies | 2024-04-19 15:08
S-Oil CEO appointed as honorary firefighter
S-Oil CEO Anwar Al-Hejazi, right, poses with National Fire Agency Commissioner General Nam Hwa-yeong, center, and Korea National Council on Social Welfare President Kim Soung-yee at the oil refiner's headquarters in Seoul, Friday, as the company donated 560 million won ($405,000) for injured firefighters and children of firefighters who died in the line of duty. The S-Oil CEO...
Companies | 2024-04-19 14:45
Will POSCO, Hyundai Steel benefit from tripled US tariffs on Chinese metals?
Cautious optimism is growing that Korean producers of steel and aluminum will benefit from U.S. President Joe Biden’s plan to triple tariffs on Chinese steel and aluminum imports, according to industry officials, Thursday.
Companies | 2024-04-18 16:35
How will SK Networks use $617 million from sale of car rental unit?
SK Networks’ recent decision to unload SK Rent-a-Car is drawing attention from market insiders who wonder how the trading firm will spend 850 billion won ($617 million) to be earned from the forthcoming sale of the profitable car rental service provider, according to industry officials, Thursday.
Companies | 2024-04-18 16:29
LG, Lotte, SK speed up restructuring of petrochemical units
Lotte Chemical is considering redeploying some of its 500 workers from its polyethylene terephthalate (PET) factory in Ulsan to other plants, following a decline in the Ulsan factory’s output due to the oversupply of petrochemical products from China, according to industry officials, Wednesday.
Companies | 2024-04-17 15:57
HD Hyundai signs $463 million deal to build 4 warships in Peru
HD Hyundai Heavy Industries (HHI) signed a 640.6 billion won ($463 million) contract on Tuesday (local time) with SIMA, a Peruvian state-owned shipyard, to build four warships for the South American country’s navy, the Korean shipbuilder said Wednesday.
Companies | 2024-04-17 13:11
New Renault Arkana comes with wider range of options
The new Renault Arkana was released in Korea recently with three powertrain options and the French carmaker’s symbolic diamond-shaped emblem, after the compact SUV changed its name from the XM3 and abandoned its previous typhoon-shaped emblem, Renault Korea said Tuesday.
Companies | 2024-04-16 16:01
Hyosung, Kolon seek legal remedies to seize lead in tire cord market
Hyosung and Kolon have filed lawsuits against each other recently in attempts to take the lead in the global tire cord market amid the growing demand for fabrics used to reinforce tires of electric vehicles (EVs), according to industry officials, Tuesday.
Companies | 2024-04-16 14:40
Popeyes, Goobne hike prices days after elections
Food firms and restaurant chains in Korea have resumed price hikes, after they followed the government’s request to make efforts to soften the effects of inflation until the general elections finished last Wednesday, according to industry officials, Monday.
Companies | 2024-04-15 16:47
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