SEOUL, May 10 (Korea Bizwire) — South Korea has launched a joint public-private task force to spearhead the development of next-generation liquid hydrogen carriers, a strategic initiative to maintain the country’s global edge in shipbuilding and pioneer a future green energy market. The Ministry of Trade, Industry and Energy (MOTIE) announced Friday that it held an [...]
ULSAN, South Korea, May 9 (Korea Bizwire) — HD Hyundai Heavy Industries is undertaking a sweeping overhaul of its Ulsan shipyard under a new “Visible Safety” initiative aimed at modernizing aging facilities and reinforcing workplace safety culture, the company announced Friday. Launched in response to risks associated with the nearly 50-year-old plant, the project focuses on [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s production in the construction sector declined by the most in more than 26 years in the first quarter amid industry slumps and political uncertainty caused by former President Yoon Suk Yeol’s martial law bid, data showed Monday. The value of construction completed, a measure of production in [...]
PHOENIX, May 01, 2025 (Korea Bizwire) — WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced that its Board of Directors has declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on June 18, 2025, to shareholders of record as of the [...]
SEOUL, April 30 (Korea Bizwire) – U.S. Secretary of the Navy John Phelan visited South Korea’s leading shipbuilders, HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump. Phelan, on a two-nation Asia trip also involving Japan, visited HD Hyundai Heavy’s [...]
SEOUL, April 30 (Korea Bizwire) – Korean Air Lines Co., South Korea’s leading air carrier, said Wednesday it plans to invest 1.2 trillion won (US$844.3 million) to establish a next-generation aviation research and training hub in Bucheon, west of Seoul. The company plans to break ground on the 65,800 square-meter facility in 2027, with the [...]
SEOUL, April 24 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Thursday its net income more than tripled in the first quarter from a year earlier on increased sales and strong demand for high-value vessels. The consolidated net profit of South Korea’s top shipyard came to 611.6 billion won (US$427.8 [...]
SEOUL, April 24, (Korea Bizwire) — South Korea’s retail sector is undergoing a seismic shift as e-commerce giants and traditional retailers alike double down on fresh food—a category once dominated by brick-and-mortar stores—as a key to future growth and survival. Coupang, the country’s leading e-commerce platform, is aggressively expanding its fresh food business in 2025, [...]
SEOUL, April 22 (Korea Bizwire) – Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it plans to globally sell key chains featuring miniature replicas of the company’s ramyeon packaging, produced in collaboration with Japan’s leading toy company Bandai Co. Since 2022, Nongshim has partnered with Bandai to sell key chains modeled after its [...]
SEOUL, April 21 (Korea Bizwire) — South Korea plans to export 22 tons of rice to Japan, the largest volume in 35 years, following a surge in rice prices in the neighboring country, a trade company said Monday. The Japan office of South Korea’s NH Trading Co. imported 2 tons of Korean rice products last [...]