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Sun, June 24, 2018 | 21:43

Biz & Tech > Heavy industries >

Air Philip's debut drawing mixed responses

Korea is on its way to hailing its next small jet airline, as Air Philip is set to make its debut later this month. As the first Jeolla-based carrier, the company is promoting the positive impact it will bring to the regional economy. North and South Jeolla provinces are located in the southwest of the country.

Heavy industries | 2018-06-24 17:00

POSCO CEO-designate to prioritize profits

After causing a controversy over naming its new chairman, POSCO picked Choi Jeong-woo as the sole candidate, a move seen by many as an attempt to sustain and enhance the company's revenue.

Heavy industries | 2018-06-24 16:33

5 candidates vie for POSCO chairmanship

POSCO unveiled the names of five CEO candidates, after a board meeting Friday.

Heavy industries | 2018-06-22 16:22

KAI struggles to vie for US jet order on unfavorable news

Korea Aerospace Industries (KAI) is facing a bumpy road in exporting its supersonic trainer jets for the United States Air Force amid a series of unfavorable news reports about its previous corruption scandal and relationship with the U.S. President Donald Trump's longtime personal lawyer.

Heavy industries | 2018-06-21 17:02

SK E&C expands global development through overseas projects

SK Engineering & Construction is expanding its presence as a global developer, winning a series of key overseas development projects in recent years.

Heavy industries | 2018-06-20 16:55

Jin Air CEO quits over alleged concealment of engine problem

The head of Jin Air Co. has quit over allegations that he forced a pilot to go ahead with a flight last year despite an engine problem. The budget carrier unit of Korean Air Lines said Kwon Hyuk-min resigned on Tuesday for personal reasons.

Heavy industries | 2018-06-20 13:46

'US steelmakers make unreasonable claim against POSCO'

POSCO does not use Posco-Vietnam to bolster steel exports to the United States, the company said Tuesday. Korea's largest steelmaker is dismissing the claim by its U.S. rivals that the company increased shipments, bound for the United States, from Posco-Vietnam, while reducing exports from Korea to the world's largest economy, as made-in-Korea steel is subject to countervailing duties.

Heavy industries | 2018-06-19 18:39

LS fined W26 bil. for illegal inter-subsidiary trading

Affiliates of LS Group have been fined nearly 26 billion won ($23.5 million) combined for illegal inter-affiliate trading, the Fair Trade Commission (FTC) said Monday. The nation's antitrust agency also referred the group's owner family members and executives to the prosecution.

Heavy industries | 2018-06-19 01:23

Increasing foreign-owned shares in POSCO raises alarm

Concerns are growing over foreign shareholders possibly interfering in POSCO's management, since their shares in the country's leading steelmaker have reached almost 60 percent. As of Monday, foreigners held 50.56 million shares in POSCO, 58 percent of the company's entire listed stocks. Considering foreign investors held 43.17 million shares in POSCO in June 2016, 49.51 perc...

Heavy industries | 2018-06-18 16:22

New Daewoo E&C CEO emphasizes financial soundness

New Daewoo Engineering & Construction (E&C) CEO Kim Hyung emphasized the company's financial soundness and profitability during his inauguration ceremony.

Heavy industries | 2018-06-14 16:24

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