SEOUL, Nov. 18 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Monday it has secured a 340.3 billion-won (US$244.7 million) order to build two very large gas carriers (VLGCs) from an Asia shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will [...]
SEOUL, Nov. 18 (Korea Bizwire) — The Seoul city government said Monday it will push to hire foreigners as “maeul” bus drivers to cope with a chronic manpower shortage in the transportation sector. Maeul buses, or village buses in English, operate on very short routes within local areas to connect residents to nearby major bus [...]
SEOUL, Nov. 18 (Korea Bizwire) – The government has designated Korea Zinc Co.’s high-nickel precursor manufacturing technology as a national core technology amid a tussle for control of the world’s biggest refined zinc producer, according to the company Monday. Korea Zinc has been in a monthslong battle to fend off a takeover bid by its [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korean tech giant Naver Corp. said Monday it will establish a joint venture with Saudi Arabia’s state housing company to collaborate for digital twin platform projects in the Middle East. Naver and Saudi Arabia’s National Housing Company signed a memorandum of understanding for the establishment of the joint [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
SEOUL, Nov. 18 (Korea Bizwire) – Korean actor Jung Il-woo has been selected as the new brand ambassador for Bia Saigon Special, one of Vietnam’s premier beer brands, following his enthusiastic endorsement of the beverage on his personal YouTube channel “1 Day 1 Woo.” The partnership emerged after brand executives noticed Jung’s genuine appreciation for Saigon [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Company introduced its new Elantra N TCR Edition on November 17, incorporating technology and design elements from its successful motorsport program. The special edition model takes its name from the TCR (Touring Car Racing) World Tour, a racing series in which Hyundai has competed since 2017. The automaker [...]
SEOUL, Nov. 15 (Korea Bizwire) – The surprise appointment of Jose Munoz as the next chief of Hyundai Motor Co. strongly demonstrates the South Korean automotive giant’s determination to thoroughly prepare for increasingly uncertain market conditions, especially in America, following the reelection of former U.S. President Donald Trump, industry watchers said Friday. Munoz, currently Hyundai’s [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean battery stocks plunged Friday on reports that President-elect Donald Trump’s transition team plans to scrap the US$7,500 tax credit for EV purchases as part of broader tax legislation. Trump campaigned on ending the consumer tax credit, a key part of President Joe Biden’s Inflation Reduction Act (IRA). [...]
SEJONG, Nov. 15 (Korea Bizwire) – The mandatory closing day for large supermarkets in a major tourist district in Seoul will be changed from weekends to weekdays, the industry ministry said Friday, adding to the convenience of its residents and foreign tourists alike. Starting later this month, large supermarkets in Seoul’s central district of Jung [...]