SEOUL, May 26 (Korea Bizwire) —HD Hyundai Heavy Industries, the shipbuilding arm of HD Hyundai, will unveil a bold vision for its expansion into the global naval defense market at South Korea’s largest maritime defense exhibition, MADEX 2025, opening May 28 in Busan. The company announced Sunday it will join forces with defense contractor LIG [...]
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 [...]
ULSAN, South Korea, March 17 (Korea Bizwire) — HD Hyundai Heavy Industries has developed the world’s first 3D printing technology for emergency maintenance, repair, and overhaul (MRO) on operating vessels, the company announced Monday. The company successfully completed final testing and demonstrations of the “3D Printing Digital Workshop” at HD Hyundai Samho in Mokpo, South Korea. [...]
SEOUL, Nov. 26 (Korea Bizwire) – Two of South Korea’s biggest shipbuilders have withdrawn their legal complaints against each other, marking a potential turning point in their fierce rivalry amid a historic boom in the nation’s defense industry. HD Hyundai Heavy Industries and Hanwha Ocean announced on November 25 that they would drop their respective criminal [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyards appear upbeat over potential opportunities to expand their business in America after U.S. President-elect Donald Trump’s call for more bilateral cooperation in the sector. In his phone conversation with South Korean President Yoon Suk Yeol following his election victory last week, Trump said the U.S. seeks to work [...]
WASHINGTON, Apr. 11 (Korea Bizwire) — U.S. Secretary of the Navy Carlos Del Toro has noted South Korea’s capabilities to build high-quality ships, including warships, in a cost-effective way while voicing concerns that America’s shipbuilding capabilities have “atrophied” over the past decades. Toro made the remarks during an event organized by the Navy League in [...]
SEOUL, Mar. 11 (Korea Bizwire) – The recent establishment of diplomatic relations between Cuba and South Korea, marking Cuba as the 193rd country to formalize ties with Seoul, has been welcomed by HD Hyundai Heavy Industries. About two decades ago, in the absence of diplomatic relations, the company played a pivotal role in opening economic [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday it will cooperate with British defense titan Babcock to jointly develop a submarine for exports. To that end, officials of both companies recently held a meeting at HD Hyundai Heavy’s research and development center in Seongnam, south of [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korean shipbuilding titan HD Hyundai Heavy Industries Co. said Wednesday it has recently completed the basic design for the country’s next-generation Aegis destroyer. It comes three years after HD Hyundai Heavy was chosen as the preferred bidder for the Korea Destroyer Next Generation (KDDX) project to build a [...]