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Hyundai Heavy Raises 1.2 Trillion Won in Rights Issue

Hyundai Heavy Raises 1.2 Trillion Won in Rights Issue

SEOUL, March 12 (Korea Bizwire) – Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said Monday that it has raised 1.23 trillion won(US$1.15 billion) in a rights issue. The new shares are set to be listed on the country’s main bourse on March 27. Hyundai Heavy said it will use about 820 billion won in improving its financial status and spend the remainder in research and development for eco-friendly and smart vessels. [...]

Hyundai Heavy Slammed by Work Safety Watchdogs After 11 Deaths

Hyundai Heavy Slammed by Work Safety Watchdogs After 11 Deaths

SEOUL, April 27 (Korea Bizwire) – With 11 Hyundai Heavy Industries (HHI) employees succumbing to injuries caused by work accidents last year, the shipbuilding company is facing criticism as well as the misfortune of being labeled the worst corporation with regard to workplace safety, with some of the harshest critics using the word ‘murder’ to describe [...]