Industry

  • Hyundai Motor invests in U.S. mobility service company Migo
    Hyundai Motor invests in U.S. mobility service company Migo SEOUL -- Hyundai Motor, a top carmaker in South Korea, made a strategic investment in U.S. mobility service specialist Migo in an effort to develop innovative mobility services, following similar deals with promising startups in Singapore, India, Australia and China. Through its investment in the Seattle-based Mobility-as-a-Service (MaaS) company, Hyundai hopes to acquire know-how on the U.S. mobility business and develop competitive mobility services as Migo's unique September 11, 2018
  • Hyundai Heavy urges workers to accept cost-cutting campaign
    Hyundai Heavy urges workers to accept cost-cutting campaign SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder, warned that high labor costs may drive its troubled offshore facility division to permanent closure unless workers support a voluntary retirement program or unpaid career breaks. Last month, Hyundai Heavy proposed a drastic overhaul of its offshore business, which remains vacant with no backlog of orders. The union insists on the redeployment of 2,400 regular workers in the offshor September 7, 2018
  • Samsung Electronics apologizes for gas leak at semiconductor plant
    Samsung Electronics apologizes for gas leak at semiconductor plant SEOUL -- Samsung Electronics apologized for a gas leak at its semiconductor factory that left a 24-year-old worker dead and two others hospitalized as an initial police probe discovered a ruptured pipe at an underground carbon dioxide storage room. The three from a fire safety maintenance company were found lying unconscious Tuesday in the basement of a production line in Samsung's semiconductor factory in the southern city of Yongin. "I sincerely apologize to the wo September 5, 2018
  • State gas company unveils new investment in eco-friendly projects
    State gas company unveils new investment in eco-friendly projects SEOUL -- South Korea's state-run public natural gas company unveiled an investment project to build a new bunkering facility for ships powered by liquefied natural gas (LNG) in 2022 and expand LNG charging stations in ports and cargo terminals. Korea Gas Corp. (KOGAS) said in a statement Wednesday that it would establish infrastructure for LNG-powered trucks and hydrogen-fueled vehicles. It would participate in a project to build 100 hydrogen charging stations by 2022 and September 5, 2018
  • One dead, two injured in gas leak at Samsung chip factory: Yonhap
    One dead, two injured in gas leak at Samsung chip factory: Yonhap YONGIN, South Korea -- One person was killed and two others injured after being exposed to carbon dioxide in a Samsung Electronics Co. semiconductor factory southeast of Seoul, authorities said Tuesday. They were found lying unconscious at around 2 p.m. in a firefighting facility filled with dense carbon dioxide in the basement of a production line in Giheung, Gyeonggi Province, about 34 km away from Seoul, according to local police and firefighters. The gas leak killed a 24 September 4, 2018
  • Hanwha to unveil AS21 Redback infantry fighting vehicle in Australia
    Hanwha to unveil AS21 Redback infantry fighting vehicle in Australia Hanwha's K21 infantry fightint vehicle SEOUL -- Hanwha Defense Systems, a key defense contractor in South Korea, will showcase the prototype of its AS21 Redback infantry fighting vehicle for the first time at this week's defense fair in Australia. The AS21 Redback is the advanced version of Hanwha's K21 and is designed for the Land 400 Phase 3 campaign to replace Australia's M113AS4 armored personnel carrier. Hanwha said in a statement September 4, 2018
  • S. Korea to build worlds largest floating solar power system in artificial lake
    S. Korea to build world's largest floating solar power system in artificial lake SEOUL -- The world's biggest floating solar power system will be built on an artificial seaside lake created by a giant seawall that has been the source of prolonged social debate over pollution in South Kora's reclaimed wetland. The Ministry of Trade, Industry and Energy said Tuesday that it would launch a state-funded project with the Ansan city government to construc September 4, 2018
  • Two builders join team to win nuclear power contracts in Europe
    Two builders join team to win nuclear power contracts in Europe SEOUL -- Two builders joined a team of South Korean firms led by Korea Hydro & Nuclear Power (KHNP) which are in competition with foreign firms to participated in nuclear power projects in the Czech Republic and Poland. The state operator of nuclear power plants said Friday that Daewoo E&C and Doosan Heavy Industries & Construction were selected as construction partners for the "Team Korea" involving KHNP, KEPCO E&C and August 31, 2018
  • Hyundais large self-driving truck tested on busy expressway
    Hyundai's large self-driving truck tested on busy expressway SEOUL -- Hyundai Motor, a top auto company in South Korea, made a breakthrough this week in its push for autonomous driving with the successful test of a large self-driving truck connected with a fully loaded trailer on a busy expressway. For a one-hour test on August 21, the company used a level 3 self-driving system which provides self-driving features such as lane keeping assistant and highway driving assistant. Level 4 and 5 require intervention by a driver August 22, 2018
  • Hyundai shipyard for offshore facilities remains vacant with no orders
    Hyundai shipyard for offshore facilities remains vacant with no orders A giant crane remains unused in the Hyundai Heavy Industries dockyard for offshore facilities in Ulsan. SEOUL -- A dockyard mounted with giant cranes, including one from a closed Swedish shipyard, was left empty after Hyundai Heavy Industries, the world's largest shipbuilder, sent the last part of an offshore module for fixed platforms in an oilfield northwest of Abu Dhabi. Hyundai Heavy said an accommodation platform built for a crude oil production facility for Nasr August 21, 2018