With the shipbuilding industry enjoying a boom, small and medium-sized shipyards and shipbuilding equipment corporations are pushing for initial public offerings (IPOs). They believe it is a moment when their corporate value can be highly assessed due to the increase in workload in the shipbuilding ...
Hanwha Aerospace is taking steps to train local personnel to operate its production facility in Romania. Last year, Hanwha Aerospace signed a $1.4 trillion supply contract with Romania, which included K9 self-propelled howitzers. Hanwha Aerospace plans to start production locally in Romania in 2027....
Korea Aerospace Industries (KAI) announced on the 17th that the United Arab Emirates (UAE) Air Force's Air Defense Commander and his delegation visited the headquarters to inspect the major aircraft production facilities, including the KF-21 and FA-50. KAI plans to expand exports to the Middle East ...
LS ELECTRIC has established a North American business complex in Texas that encompasses production, technology, and services. LS ELECTRIC aims to become one of the top four power corporations in the United States. On the 14th (local time), LS ELECTRIC held a groundbreaking ceremony for the 'LS ELECT...
On the 15th, LIG Nex1 signed a memorandum of understanding (MOU) with the security specialist company Security Platform to collaborate on applying defense artificial intelligence (AI) and unmanned systems security technologies. LIG Nex1 and Security Platform plan to develop and apply technologies th...
Hyundai Elevator announced on the 16th that it has established a 6 megawatt (MV·Megawatt) solar power facility at the smart campus in Shanghai, China. Hyundai Elevator plans to start operating the solar power facility at the Shanghai smart campus from the second quarter, aiming to replace 47% of its...
Korean Air announced on the 16th that it has signed a memorandum of understanding (MOU) with Doosan Enerbility to collaborate on developing aviation engine technology and unmanned aerial systems. The signing ceremony held at Doosan Enerbility's headquarters in Changwon was attended by Kim Kyung-nam,...
Samsung Electro-Mechanics is said to be supplying a large volume of multilayer ceramic capacitors (MLCC) to the Chinese electric vehicle manufacturer BYD. Analysts suggest that this development results from Samsung Electronics Chairman Lee Jae-yong's recent visit to China, where he met with Chinese ...
Gu Ja-du, the fourth son of LG Group founder Koo In-hwoi, passed away on 15th. He was 93 years old. LB Group has six affiliates, including LB Investment, LB Asset Management, and LB Semicon. The main affiliate, LB Investment, was established in 1996 as LG Venture Investment and separated from LG Gro...
The Defense Acquisition Program Administration (DAPA) announced on the 15th that it is reviewing the possibility of administrative action against Hanwha Ocean regarding the business method decision for the $8 trillion Korea next-generation destroyer (KDDX) project. Currently, Hanwha Ocean and HD Hyu...
