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Reporter : Park Jae-hyuk
Sun, November 27, 2022 | 14:15
Hanwha seeks to become defense industry powerhouse after DSME takeover
Hanwha Group's latest decision to acquire Daewoo Shipbuilding & Marine Engineering (DSME), which manufactures naval ships and submarines, has made it possible for Korea's seventh-largest conglomerate to become a top-tier global defense industry powerhouse, according to industry officials Tuesday. Given that the group owns subsidiaries leading the solar and renewable energy ma...
Will Hanwha buy KAI to produce fighter jets?
Korea Aerospace Industries (KAI) has been mentioned as the next acquisition target of Hanwha Group for the conglomerate to become a global defense industry powerhouse going after Lockheed Martin, according to industry officials, Tuesday. Earlier this week, Hanwha announced its decision to take over a 49.3 percent stake in Daewoo Shipbuilding & Marine Engineering (DSME) for 2 ...
Avikus seen as key for Hyundai Heavy heir to inherit group's control
Avikus has emerged as one of the most important subsidiaries of Hyundai Heavy Industries (HHI) Group, as the company specializing in self-navigating technologies has been apparently used for CEO Chung Ki-sun of HD Hyundai, the group's holding firm, to prove his management ability before inheriting control of the conglomerate from his father, Asan Foundation Chairman Chung Mon...
Hanwha Solutions' spinoff plan designed for chairman's youngest son: analysts
Hanwha Solutions' latest plan to spin off its Galleria division has been interpreted by many as part of efforts to hand over control of the group's retail business to Chairman Kim Seung-youn's youngest son Kim Dong-seon, according to domestic securities analysts, Monday. The company announced last Friday that it will list Hanwha Galleria on the benchmark KOSPI market by March...
Korea, Canada strengthen business ties during Yoon's visit
Korean companies agreed with their Canadian partners to enhance cooperation ahead of President Yoon Suk-yeol's summit with Canadian Prime Minister Justin Trudeau in Ottawa, Friday (local time). LG Energy Solution (LGES) signed memorandums of understanding (MOUs) in Toronto, Thursday, with three Canadian mineral suppliers - Electra, Avalon and Snow Lake - to source core raw ma...
Concerns grow over lawmakers summoning biz leaders to Assembly audits
Lawmakers of the liberal main opposition Democratic Party of Korea (DPK) and even those belonging to the business-friendly ruling conservative People Power Party (PPP) seek to summon heads of the country's leading conglomerates to the National Assembly audit next month as witnesses, according to industry officials and media reports, Friday. Their plans have caused concerns am...
Yoon lets down biz community by skipping industry events in NYC
Korean and U.S. businesspeople looking forward to meeting President Yoon Suk-yeol in New York ended up being disappointed, after the presidential office canceled Yoon's appearances at their events, according to industry officials, Thursday.
Smart logistics center to be built at Incheon Airport
Hyundai Glovis CEO Kim Jung-hoon, right, and Incheon International Airport Corp. CEO Kim Kyung-wook pose at the airport in Incheon, Thursday, after signing an agreement to build and manage a smart logistics center at the airport's second logistics complex. Courtesy of Hyundai Glovis
Demand for workers fluent in foreign languages soaring in battery industry
Fluency in foreign languages has emerged as an important skill for those who seek jobs in Korea's electric vehicle (EV) battery industry, as manufacturers and materials suppliers are vying to expand their presence overseas amid lingering uncertainties concerning the global supply chain, according to industry officials, Thursday.
Starbucks Korea, Kurly CEOs likely to be summoned to Assembly audit
Rep. Noh Woong-rae of the main opposition Democratic Party of Korea (DPK) seeks to summon CEO David Song of SCK Company, which was formerly Starbucks Coffee Korea, and Kurly CEO Sophie Kim to the National Assembly audit next month as witnesses for the Environment & Labor Committee, the lawmaker's office said, Wednesday. Once the committee members agree to summon them, Song wi...
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