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Wed, December 12, 2018 | 11:54

Biz & Tech > Heavy industries >

Korea's defense industry losing luster

Korean arms manufacturers and military services companies saw a drop in their sales last year despite a boom in the global market, according to new international arms industry data released by the Stockholm International Peace Research Institute (SIPRI).

Heavy industries | 2018-12-11 17:14

Korean shipbuilders dominating LNG carrier market

Korea will outpace China in terms of the number of shipbuilding orders this year and retake the top spot for the first time in seven years, due to growing demand for liquefied natural gas (LNG) carriers amid stricter environmental regulations worldwide, industry analysts said Friday.

Heavy industries | 2018-12-10 17:40

POSCO to donate 10 billion won for needy

POSCO and its affiliates will donate 10 billion won ($8.9 million) for disadvantaged people, the steelmaker said Monday.

Heavy industries | 2018-12-10 14:01

Daewoo Shipbuilding wins LNG ship order in Greece

Daewoo Shipbuilding & Marine Engineering Co., one of the largest shipbuilders in the world, said Monday it has received an order to build a liquefied natural gas ship for a Greek company.

Heavy industries | 2018-12-10 10:45

[INTERVIEW] 'Sharp Aviation K offers dedicated, reliable services for multinational carriers'

Air travel requires more logistical services than one may think. First, you'll need a carrier, which operates the plane you fly on, and then other service providers come next. They take care of aircraft maintenance, fueling, cleaning, deicing, checking-in, cargo handling, in-flight meals and numerous other groundwork necessary to ensure passenger safety and comfort.

Heavy industries | 2018-12-09 17:39

Joint venture offers answer for Korea-Saudi biz ties

A joint venture between a Korean construction management firm and Saudi Arabia's largest real estate development company is providing a model case for the two country's ties and successful localization in the Middle Eastern market.

Heavy industries | 2018-12-09 17:08

TechEn to supply LED streetlights to Indonesia

TechEn will supply solar-powered light-emitting diode (LED) streetlights worth 357 billion won ($321 million) to Indonesia over the next three years, according to the CEO of the Daegu-based LED light maker.

Heavy industries | 2018-12-04 16:08

Hyundai Merchant struggling with deteriorating financial health

Concerns are growing over the financial health of Hyundai Merchant Marine (HMM). Korea's largest shipping firm has been failing to make money over the past three years as a result of surging costs and stagnant global freight demand, according to industry analysts Monday.

Heavy industries | 2018-12-03 17:13

Gwangyang FEZ in turmoil over Chinese aluminum maker

Gwangyang Bay Area Free Economic Zone Authority (GFEZ) is in the hot seat for its attempt to attract the China-based Henan Mingtai Aluminum Industrial's factory to its industrial complex in South Jeolla Province, according to industry officials Monday.

Heavy industries | 2018-12-03 16:45

Air Busan IPO plan runs into turbulence

Air Busan has been grappling with a series of unfavorable factors ahead of its planned initial public offering (IPO) in December, according to industry analysts Sunday.

Heavy industries | 2018-12-02 17:03

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