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Tue, June 18, 2019 | 11:02

Gov't set to block sale of Taihan Electric Wire

The government is moving to put the brakes on the planned sale of Taihan Electric Wire to a Chinese firm as the trade ministry plans to designate the cable maker's technologies as “national core technology,” according to industry officials, Monday.

Baek Byung-yeul | 2019-06-17 16:44

Hanwha Aerospace faces growing financial strain for EDAC takeover

Credit ratings agencies are downgrading their outlook for Hanwha Aerospace as the aviation arm of conglomerate Hanwha Group grapples with an increasing financial burden after acquiring the U.S. aircraft engine manufacturer, EDAC Technologies.

Kwak Yeon-soo | 2019-06-13 17:08

LG Chem forges EV battery venture with China's Geely

LG Chem is forming a joint venture with top Chinese automotive group Geely to produce batteries for electric vehicles (EVs), making an aggressive foray into the world's biggest EV market, the chemical and energy arm of LG Group said Thursday.

Baek Byung-yeul | 2019-06-13 16:51

SK E&C named preferred bidder for W1.5 tril. UK tunnel project

SK E&C has been named preferred bidder for a 1.5 trillion won ($1.27 billion) project to build a tunnel crossing the River Thames - the first time a Korean builder has won a public-private partnership project in Western Europe, the firm said Sunday.

Nam Hyun-woo | 2019-06-09 17:23

POSCO, Hyundai Steel ordered to suspend blast furnaces

The nation's top two steelmakers POSCO and Hyundai Steel are facing an unprecedented crisis as they have received orders from municipal administrations to shut down their blast furnaces, industry officials said Tuesday.

Jun Ji-hye | 2019-06-04 17:05

Samsung Engineering shares dive on legal dispute

Samsung Engineering shares plunged Monday after the company revealed that a consortium led by Saudi Arabian company Al-Toukhi had filed an international arbitration complaint against it for a canceled desalination plant.

Kwak Yeon-soo | 2019-06-03 17:13

Hyundai Heavy shareholders approve split-up plan

Shareholders of Hyundai Heavy Industries (HHI) approved the company's split-up proposal to pave the way for a takeover of Daewoo Shipbuilding & Marine Engineering (DSME) amid strong opposition from its union, the company said Friday.

Kwak Yeon-soo | 2019-05-31 19:54

Hyundai Heavy shareholders OK split-up plan amid harsh labor opposition

Shareholders of Hyundai Heavy Industries Co. on Friday approved the company's split-up plan for a merger with a small local shipbuilder amid fierce opposition from its labor union.

2019-05-31 13:36

POSCO unveils early payment scheme for suppliers

POSCO has announced an early payment scheme covering R&D costs of its suppliers, in a bid to promote the value of mutual growth, the company said Thursday.

Kwak Yeon-soo | 2019-05-30 16:40

Laos blames SK E&C for dam collapse

A panel of international experts has concluded that the deadly dam collapse in Laos last summer was a preventable man-made disaster, blaming SK Engineering & Construction (SK E&C) for the accident, according to Laotian government officials Wednesday.

Kwak Yeon-soo | 2019-05-29 16:57

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