SEOUL, May 6 (Korea Bizwire) — South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in April, retaining the top spot for a third consecutive month, data showed Wednesday. According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders [...]
ULSAN, Feb. 12 (Korea Bizwire) — A local court on Thursday ruled in favor of the Hyundai Heavy Industries‘ union, ordering the company to count regular bonuses as base pay. Ten unionized workers at the world’s largest shipbuilder had filed a lawsuit against the company early last year, claiming regularly paid bonuses should be included [...]
SEOUL, Nov. 19 (Korea Bizwire) – Hyundai Heavy Industries has completed the construction of the world’s largest containership capable of holding 19,000 twenty-foot containers. The company held a christening ceremony on November 18 at its Ulsan headquarters building, with China Shipping Group chairman Xu Lirong, China Shipping Container Lines president Zhao Hongzhou, Chinese Ambassador to Korea QiuGuohong, and Hyundai Heavy Industries [...]
SEOUL, Nov. 4 (Korea Bizwire) – Seoul Asan Medical Center, in partnership with Hyundai Heavy Industries, has succeeded in developing a surgical robot after three years of R&D effort. The pilot version of the robot can get a sample of tissue with a needle from the source of lesion area about 1 centimeter over the abdomen and [...]
SEOUL, Sep. 4 (Korea Bizwire) – Hyundai Heavy Industries stares a strike in the face for the first time in 20 years. The labor union of Hyundai Heavy Industries refused to negotiate with the management of the company in the 35th negotiation session on September 1. The union demanded a 132,013 won, or 6.51 percent, increase [...]
SEOUL, Aug. 8 (Korea Bizwire) – Across-the-board downgrading of the credit ratings of Korean shipbuilders is likely. Since the 2008 global financial crisis, major Korean shipbuilding firms have invested heavily in offshore plants and took on a huge amount of orders in FPSO (floating production storage and offloading) and other related areas as a way to overcome [...]
SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
SEOUL, July 4 (Korea Bizwire) – While Korea’s large business groups like Samsung, Hyundai and SK gained about half its sales from overseas markets, their domestic sales decreased 5 percent and their portion fell 2 percentage points respectively last year. According to a recent survey conducted by CEO Score investigating the business performances of the nation’s [...]
SEOUL, Korea, April 10 (Korea Bizwire) – Female job seekers in Korea seem to have had a tough time in the job market last year. In 2013, as the growth rate of employment of male workers has become nearly twice that of female workers at the top-ten conglomerates, the proportion of female employees has declined [...]