HD Hyundai is presenting a new paradigm for the future shipbuilding and marine industry through digital innovation utilizing AI technology. First, the three shipbuilding companies of HD Hyundai (HD Hyundai Heavy Industries, HD Hyundai Samho, HD Hyundai Mipo) are promoting the Future of Shipyard (FOS...
Asiana Airlines will expand its operations on routes to China by 20%. Following the recent visa exemption policy for South Korean travelers issued by China, the airline has decided to increase both routes and flight frequency to broaden travel options. On the 31st, Asiana Airlines announced that sta...
As the United States implements a policy imposing millions of dollars in fees on Chinese vessels and shipping companies traveling to and from its ports, there have been instances of canceled orders for Chinese vessels. Analysts suggest that a decline in demand for Chinese vessels could benefit the S...
On the 28th, Choi Yoon-bum, chairman of Korea Zinc, successfully defended management rights by maintaining a majority on the board during a regular shareholders' meeting. By limiting some voting rights (25.4%) of the Young Poong and MBK Partners alliance, which is attempting to seize control, he led...
Korea Zinc decided to limit Young Poong's voting rights by 25.4% according to the mutual shareholding relationship at the regular shareholders' meeting held on the 28th. The Young Poong-MBK Partners alliance strongly opposed the voting rights restriction, stating that the timing of when Korea Zinc's...
Sun Metals Holdings (SMH) of Korea Zinc increased its equity by acquiring shares of Young Poong from Young Poong Precision Corporation, raising its stake to over 10%. The Young Poong and MBK Partners alliance, which seeks control of Korea Zinc, resolved the voting rights limitation due to intercorpo...
On the 28th, the alliance of Young Poong and MBK Partners, attempting to gain control of Korea Zinc, was unable to exercise some voting rights at the Korea Zinc regular shareholders' meeting. As a result, Chairman Choi Yoon-beom's side is expected to maintain its leadership in the Korea Zinc board o...
HD Hyundai Heavy Industries launched the second 3,200-ton patrol vessel for the Philippine Navy successfully into the sea. The patrol vessel is set to be delivered to the Philippine Navy in September. HD Hyundai Heavy Industries noted it held the launching ceremony for the 3,200-ton Philippine patro...
GE Aerospace (GE) announced on the 27th that Korean Air has ordered its GE9X and GEnx engines for the new aircraft models 777-9 (20 units) and 787-10 (up to 30 units). Russell Stokes, president and CEO of GE Aerospace's commercial engines and services division, said, "We will do our best to support ...
Korea Shipbuilding & Offshore Engineering announced on the 27th that it had succeeded in turning a profit with an operating profit of 11.1 billion won last year. On that day, Korea Shipbuilding & Offshore Engineering disclosed that its total revenue last year was 934.7 billion won, a 32% increase co...
