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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 [...]

Hyundai Heavy Bids for Doosan Infracore

Hyundai Heavy Bids for Doosan Infracore

SEOUL, Sept. 28 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. said Monday it has joined the preliminary bidding for Doosan Infracore Co. “This company has submitted its preliminary bid for Doosan Infracore,” the shipbuilding holding company said in a regulatory filing. Hyundai Heavy Industries Holdings formed a consortium with Korea Development Bank Investment, a [...]

Hyundai Heavy Builds World’s First LNG-powered Container Ship

Hyundai Heavy Builds World’s First LNG-powered Container Ship

SEOUL, Aug. 24 (Korea Bizwire) — Global shipbuilding giant Hyundai Heavy Industries (HHI) Group said Monday it has built a very large container ship powered by liquefied natural gas (LNG) for the first time in the world. The group said Hyundai Samho Heavy Industries Co., one of its shipbuilding units, will deliver the vessel with [...]

Hyundai Heavy Fined 970 mln Won for Unfair Trade

Hyundai Heavy Fined 970 mln Won for Unfair Trade

SEOUL, July 26 (Korea Bizwire) — South Korea’s largest shipbuilder, Hyundai Heavy Industries Co., was fined 970 million won (US$805,000) for unfair trade with its subcontractors, the country’s antitrust watchdog said Sunday. The fine levied on Hyundai Heavy is the biggest-ever for acts of misusing technologies from other companies. Hyundai Heavy has stolen technologies used [...]

Hyundai Heavy Announces Autonomous Sailing Technology

Hyundai Heavy Announces Autonomous Sailing Technology

SEOUL, April 10 (Korea Bizwire) — South Korea’s top shipyard Hyundai Heavy Industries Group announced Thursday that it has successfully applied core technology for autonomous sailing to a large-sized vessel. The group installed Hyundai Intelligent Navigation Assistant System (HiNAS), a cutting-edge navigation aid system, on a 25-ton bulk carrier owned by local shipper SK Shipping [...]

KT, Hyundai Heavy Join Hands for 5G-based Smart Factory

KT, Hyundai Heavy Join Hands for 5G-based Smart Factory

SEOUL, Nov. 7 (Korea Bizwire) — Major telecom operator KT Corp. and leading shipbuilding conglomerate Hyundai Heavy Industries Group said Thursday they will step up collaboration to develop advanced smart factory solutions based on the 5G network to improve efficiency and safety. In May, the two companies signed a memorandum of understanding to join forces [...]