POSCO eyes rare path to HMM privatization amid industry backlash

SEOUL, September 17 (AJP) - South Korea's steel giant POSCO Group has emerged as the frontrunner in a contentious bid to acquire national shipping champion HMM.

Korea's Hanwha Ocean bags $1.4-bln order for LNG carriers from Taiwan

SEOUL, September 17 (AJP) - Hanwha Ocean, one of South Korea’s three largest shipyards, has bagged an order of 1.93 trillion won ($1.4 billion) from Taiwan's Yang Ming Marine Transport to deliver seven liquefied natural gas (LNG)-fueled container ships. The shipbuilder

Korean traditional medicine to broaden footprint in Middle East

SEOUL, September 17 (AJP) - Korean traditional medicine has gained a new foothold in the global healthcare market, with the United Arab Emirates becoming the first country in the Middle East to formally recognize it as a distinct medicine.