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  Kencoa Aerospace Signs Deal to Supply Embraer C-390 Sheet-Metal Parts to European Defense Firm Kencoa Aerospace said Tuesday it has signed a large contract with a European aerospace defense manufacturer to supply major sheet-metal parts for Embraer’s C-390 program. The company said it secured the order after completing capital spending last year to expand its sheet-metal production facilities. Under the agreement, Kencoa will supply key sheet-metal components for the C-390. It did not disclose the customer, contract value or other terms, citing a confidentiality clause. Kencoa sa March 10, 2026
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  South Korea fines Mercedes-Benz for allegedly hiding EV battery supplier information South Korea’s Fair Trade Commission ordered Mercedes-Benz to take corrective steps and pay a penalty surcharge of 11.339 billion won, accusing the automaker of deliberately omitting and concealing information about electric-vehicle battery cells. Mercedes-Benz Korea denied wrongdoing and said it is considering an administrative lawsuit to contest the decision. On the 10th, the commission said Mercedes-Benz installed Farasis battery cells in many EV models, including the EQE and EQS, but March 10, 2026
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  Korean Drugmakers Warn Price Cuts and Middle East Turmoil Could Cripple Industry, Seek Joint Study "Steep drug price cuts will bring down the pharmaceutical industry." The emergency committee for reforming the drug pricing system, formed to promote industry development, issued that warning at an emergency news conference March 10 at the Korea Pharmaceutical and Bio-Pharma Manufacturers Association. The group said signs of strain are already emerging across the sector as the government pushes price cuts and as a newly erupted Middle East situation drives up costs. It urged March 10, 2026
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  Kolon Industries wins CDP Korea Awards carbon management sector honors Kolon Industries said March 10 it won the Carbon Management Sector Honors award at the 2025 CDP Korea Awards, hosted by CDP, a global sustainability assessment organization. CDP, formerly known as the Carbon Disclosure Project, is a global nonprofit that collects and evaluates disclosures from major companies and cities on climate strategies, greenhouse gas reduction efforts, and water and forest-related information. Its assessments are widely used by ESG investors, financial institutions March 10, 2026
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  Yellow Envelope Law Takes Effect as Hyundai, Shipbuilding Subcontractor Unions Renew Bargaining Demands With the so-called Yellow Envelope Law — revisions to Articles 2 and 3 of the Trade Union and Labor Relations Adjustment Act — taking effect, labor-management tensions are rising. Industry officials said the Hyundai Motor subcontractor union, the Hyundai Motor Non-Regular Workers Branch, plans to send a third request for talks to the parent company on Tuesday through its umbrella group, the Korean Metal Workers’ Union. The union has already delivered two formal requests but said the com March 10, 2026
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  Samsung Heavy Wins $400 Million Order for Three Crude Oil Tankers Samsung Heavy Industries said in a regulatory filing on the 10th that it has won an order worth 400.1 billion won for three crude oil tankers from a Bermuda-based shipowner. The vessels are scheduled for delivery by February 2029. With the deal, the company’s year-to-date orders total 11 ships worth $2.1 billion, reaching 15% of its annual target of $13.9 billion. By vessel type, the orders include three liquefied natural gas (LNG) carriers, two ethane carriers, two container ships and fou March 10, 2026
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  Seoul to Recruit Teens for 2026 Youth Orchestra Tour and Performances in Three European Countries Seoul is recruiting participants for the “Seoul Youth Orchestra Performance Tour of Three European Countries,” a 7-night, 9-day program running from July 27 to Aug. 4, 2026, with conductor Baek Yun-hak. The city said the program is designed to help Seoul teenagers gain performance experience on an international stage and broaden their musical skills. Participants will join a youth orchestra festival in the Aix-en-Provence area of France, where they will perform and exchange with young mus March 10, 2026
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  Korean Drugmakers Face Key Votes, Board Picks and New Business Plans at Annual Meetings South Korea’s pharmaceutical industry is heading into annual shareholders meeting season later this month, with votes expected to go beyond routine reporting of last year’s results and focus on management stability and business direction. Industry officials said major drugmakers will begin meetings on March 20, including Yuhan Corp. and Dongkook Pharmaceutical, with sessions continuing through the end of the month. March 26 is set to be a “super meeting day” for several companies, includi March 10, 2026
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  SK Nexilis to Showcase Next-Generation Copper Foil Solutions at InterBattery 2026 SK Nexilis, SKC’s investment vehicle for battery copper foil, said March 10 it will take part in InterBattery 2026, running for three days starting March 11 at COEX in Seoul, to showcase its copper foil technology and product lineup. Under the theme “SK Nexilis bridges the future,” the company said it designed its exhibit to show, at a glance, how copper foil has evolved alongside changes in downstream industries. In the first “Highlight Zone,” SK Nexilis will display a roll of wide coppe March 10, 2026
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  Korea Battery Industry Association to Host First U.S.-Korea Defense Battery Cooperation Seminar The Korea Battery Industry Association said Tuesday it will hold a “U.S.-Korea Defense Battery Cooperation Seminar” with the U.S. Embassy in Seoul at 10 a.m. March 13 at COEX Conference Room 402 in Seoul. The association said the event was organized to strengthen bilateral cooperation on policy, technology and industry in defense batteries as the United States tightens its supply chain security posture and South Korea emerges as a key partner in the sector. Participants will include off March 10, 2026