Daewoo Shipbuilding & Marine Engineering Archives | Be Korea-savvy
Kia and Samsung Partner to Integrate IoT in Commercial Mobility Vehicles

Kia and Samsung Partner to Integrate IoT in Commercial Mobility Vehicles

Tarragona, Spain, Feb. 27 (Korea Bizwire) — Kia and Samsung Electronics have announced a strategic partnership to integrate Samsung’s AI-powered Internet of Things (IoT) platform, SmartThings Pro, into Kia’s purpose-built vehicles (PBVs). The collaboration, unveiled at the 2025 Kia EV Day event in Tarragona, Spain, on February 24, aims to enhance business automation for commercial [...]

Merger Between Hyundai Heavy Industries and Daewoo Shipbuilding to Generate Synergy

Merger Between Hyundai Heavy Industries and Daewoo Shipbuilding to Generate Synergy

SEOUL, Feb. 1 (Korea Bizwire) — It is expected that a merger between Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. will create massive synergy not only in the South Korean shipbuilding industry, but also in maritime defense. Both companies are listed as major manufacturers of naval vessels and submarines, in charge [...]

Top Shipbuilder Hyundai Heavy Industries Looking to Buy Smaller Rival: Sources

Top Shipbuilder Hyundai Heavy Industries Looking to Buy Smaller Rival: Sources

SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s Hyundai Heavy Industries Group is seeking to buy its smaller rival, Daewoo Shipbuilding & Marine Engineering, industry sources said Wednesday, in what could be a major shakeup in the sector.  The country’s top shipbuilder is in talks with state-run Korea Development Bank (KDB), a creditor bank that [...]

Creditors to Offer Fresh Financing to Daewoo Shipbuilding next Week

Creditors to Offer Fresh Financing to Daewoo Shipbuilding next Week

SEOUL, May 31 (Korea Bizwire) – Creditors of cash-strapped Daewoo Shipbuilding & Marine Engineering Co. are set to inject fresh funds into the embattled shipyard next week, later than earlier scheduled, due to the delay in the debt rescheduling scheme, industry sources said Wednesday.  According to the sources, the state-run Korea Development Bank-led creditors are [...]

South Korean Shipbuilding Companies Make Foray Into Norwegian Market

South Korean Shipbuilding Companies Make Foray Into Norwegian Market

SEOUL, May 12 (Korea BIzwire) – South Korean shipbuilding companies including Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries are branching out into the Norwegian market, with the trio expected to attend this year’s Nor-Shipping, one of the biggest international shipping exhibitions in the world, which will be held in Oslo [...]