Hyundai Heavy Archives | Page 2 of 5 | Be Korea-savvy
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 [...]

Hyundai Heavy to Foster Hydrogen Biz as New Growth Engine

Hyundai Heavy to Foster Hydrogen Biz as New Growth Engine

SEOUL, March 25 (Korea Bizwire) — Hyundai Heavy Industries Group said Thursday that it will nurture hydrogen-related business as its new growth engine amid tightened environmental regulations and rising demand for eco-friendly fuels. Under the plan, the shipbuilding group will establish a new unit that handles the production of hydrogen and the use of it [...]

Hyundai Heavy Introduces Industry’s First Quantum Cryptography Communication System

Hyundai Heavy Introduces Industry’s First Quantum Cryptography Communication System

ULSAN, March 18 (Korea Bizwire) – South Korea’s largest shipbuilder, Hyundai Heavy Industries Co., said Wednesday that it had introduced quantum cryptography communication technology for the first time among global shipyards, aimed at ensuring stronger security for its defense technologies. Under the initiative of establishing quantum cryptography communication infrastructure, the company successfully set up a [...]

Hyundai Heavy Joins Hands with Saudi Aramco in Hydrogen Project

Hyundai Heavy Joins Hands with Saudi Aramco in Hydrogen Project

SEOUL, March 3 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH) said Wednesday that it has signed a deal with Saudi Arabia’s state-run oil firm Saudi Aramco to cooperate on a hydrogen project. Under the deal, Hyundai Oilbank Co., HHIH’s refining unit, will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue [...]