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Hyundai Heavy to Set Up Guidance for Offshore Green Hydrogen Plant

Hyundai Heavy to Set Up Guidance for Offshore Green Hydrogen Plant

SEOUL, Nov. 24 (Korea Bizwire) — Global shipbuilding conglomerate Hyundai Heavy Industries Group said Wednesday it will establish the world’s first technical guidance for offshore green hydrogen plants. To that end, the group’s affiliates — Korea Shipbuilding & Offshore Engineering Co. (KSOE) and its subsidiary Hyundai Heavy Industries Co. — have signed a preliminary deal [...]

HHIH to Launch 34 bln-won Fund for Digital Health Care and Biotechnology

HHIH to Launch 34 bln-won Fund for Digital Health Care and Biotechnology

SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Wednesday it will launch a 34 billion-won (US$28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek [...]

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

EU’s Probe Suspension Leaves S. Korean Shipbuilders’ Biz Combination in Limbo

SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]

Hyundai Heavy to Unveil its Newly Developed Gas Carriers in Gastech 2021

Hyundai Heavy to Unveil its Newly Developed Gas Carriers in Gastech 2021

SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Heavy Industries Group said Wednesday it will push to win approval of its newly developed gas carriers from global ship quality assurance and risk management companies, such as Lloyd’s Register from Britain, and flag states in an upcoming exhibition. The world’s biggest shipbuilder plans to unveil gas carriers [...]

Hyundai Heavy Develops Offshore Carbon Dioxide Storage Platform

Hyundai Heavy Develops Offshore Carbon Dioxide Storage Platform

SEOUL, Aug. 31 (Korea Bizwire) — Hyundai Heavy Industries Group has developed an offshore platform to store carbon dioxide under the ocean floor with the state-run Korea National Oil Corp. (KNOC), the group said Tuesday. The group’s two affiliates– Korea Shipbuilding & Offshore Engineering Co. (KSOE) and KSOE’s subsidiary Hyundai Heavy Industries Co. — have [...]

Hyundai Heavy Completes Takeover of Doosan Infracore

Hyundai Heavy Completes Takeover of Doosan Infracore

SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Friday that it has completed the process to acquire South Korea’s top construction equipment maker Doosan Infracore Co. HHIH formed a consortium with KDB Investment Co., a private equity firm wholly owned by the state-run Korea Development [...]