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Hyundai Heavy Seeks to Diversify Business Portfolio to Sharpen Competitive Edge

Hyundai Heavy Seeks to Diversify Business Portfolio to Sharpen Competitive Edge

SEOUL, Oct. 8 (Korea Bizwire) — With COVID-19 routing the global shipbuilding industry, shipbuilding giant group Hyundai Heavy Industries Group has been aggressively building up its business portfolio via mergers and business tieups to sharpen its competitive edge. The shipbuilding giant has been going ahead with the acquisition of its smaller local rival Daewoo Shipbuilding [...]

Doosan Group to Focus on Clean Energy Biz, Ditch Others

Doosan Group to Focus on Clean Energy Biz, Ditch Others

SEOUL, June 23 (Korea Bizwire) — Cash-squeezed Doosan Group will focus on its clean energy-related business while selling off others, such as its power plant construction business, in return for financial assistance from its creditors, industry sources said Tuesday. State-run banks the Korea Development Bank and the Export-Import Bank of Korea injected 3.6 trillion won [...]

Amid Growing IPO Rumblings, Big Hit Shifts Away from Heavy Reliance on BTS

Amid Growing IPO Rumblings, Big Hit Shifts Away from Heavy Reliance on BTS

SEOUL, May 26 (Korea Bizewire) — K-pop mega group BTS are undoubtedly a huge financial blessing for their record label-management agency Big Hit Entertainment. Thanks to the septet’s smash hit album “Map Of The Soul: Persona” and sellout concerts worldwide, Big Hit posted record sales of 587.2 billion won (US$472.2 million) in fiscal year 2019, [...]