SEOUL, Oct. 6 (Korea Bizwire) – India is seeking deeper cooperation with South Korea in the shipbuilding sector as it strives to become one of the world’s top five shipbuilding nations by 2047, India’s secretary for shipping has said, highlighting the need to combine Seoul’s advanced technology with New Delhi’s abundant manpower. Shri T. K. [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s corporate sector is bracing for a slowdown in U.S. investment following the detention of more than 300 Korean nationals in an immigration raid, a crisis that has already disrupted battery factory construction and cast doubt over high-profile bilateral projects. The most immediate impact has fallen on HL-GA, [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea ranked second in new global shipbuilding orders in August after China, with overall order placements plunging 65 percent from a year earlier, industry data showed Friday. Global shipbuilding orders fell 65 percent on-year to 2.44 million compensated gross tons (CGT) last month, according to London-based Clarkson Research [...]
SEOUL, Aug. 12 (Korea Bizwire) — Foreign Minister Cho Hyun will visit HD Hyundai Heavy Industries Co.’s shipyard with Joseph Yun, the acting U.S. ambassador to South Korea, this week to explore ways to expand bilateral cooperation in the shipbuilding sector, the foreign ministry said Tuesday. Cho and Yun plan to visit the shipyard in [...]
CHANGWON, South Korea, July 29 (Korea Bizwire) — South Korea’s southeastern province of South Gyeongsang will begin hiring skilled foreign workers for its shipbuilding industry in the second half of this year, as part of a new government-backed visa pilot aimed at addressing a critical labor shortage in key technical roles. On Monday, the provincial [...]
SEOUL, July 11 (Korea Bizwire) — The United States has made South Korea’s participation in its containment policy against China a prerequisite for bilateral cooperation in the shipbuilding sector, one of the key items in the two countries’ ongoing trade negotiations, a Seoul official said Friday. “The shipbuilding industry is one of the most notable [...]
SEOUL, June 24 (Korea Bizwire) — South Korea will launch an educational exchange program inviting students and faculty members from major American universities starting next year to receive short-term training in shipbuilding engineering, Seoul’s trade ministry said Tuesday. The initiative comes as the two countries seek to deepen cooperation in the shipbuilding sector, which has [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s HD Hyundai has entered into a strategic partnership with a major U.S. shipbuilder, signaling deepening cooperation between the two allies in the wake of President Donald Trump’s re-election and renewed emphasis on domestic industrial revival. The company announced Saturday that it signed a comprehensive agreement with Edison Chouest [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]