Hyundai Motor steps up autonomous driving push as Chairman Chung backs software unit 42dot

South Korea’s Hyundai Motor Co. is accelerating its push into autonomous driving, with Executive Chairman Chung Euisun pledging stronger suppo...

Trump says Hanwha to partner on US Navy frigates; MASGA project gains momentum

The US Navy will work with Hanwha Group on a new class of frigates, President Donald Trump said on Monday, signaling that the South Korean conglomer...

S.Korea’s $4.7 bn next-generation destroyer project set as 2-way race between Hanwha Ocean, HD Hyundai

South Korea has decided to select the builder of its advanced next-generation destroyers through a competitive bidding process, ending two years of ...

Korea’s Hanwha wins 1st US defense deal with Boeing for F-15 parts

Hanwha Systems Co., a leading South Korean defense manufacturer, has won its first US Air Force contract to supply Boeing Co. with cockpit displays ...

YNCC, Lotte Chemical likely to consolidate naphtha facilities in Yeosu

Yeocheon NCC (YNCC) and Lotte Chemical Corp. are moving toward a consolidation of their naphtha cracking centers in Yeosu, one of South Korea’...

Hanwha picks H&Q as preferred buyer of Five Guys' Korean business

Hanwha Group has named Seoul-based H&Q Equity Partners as the preferred buyer of Five Guys’ Korean operations, just over two years after l...

Hanwha heirs reshape ownership as group moves closer to succession, IPO

Two of the three sons of Kim Seung-youn, the chairman of South Korea’s Hanwha Group, are selling significant stakes in Hanwha Energy Corp., a ...

Hillhouse makes $682 mn last-minute bid to compete with Hanwha, Heungkuk for IGIS Asset

Asia-based Hillhouse Investment Co. has emerged as a late-stage wildcard in the sale of IGIS Asset Management Co., South Korea’s largest real ...

IGIS bid narrows to two-way race between Hanwha, Heungkuk

The race to acquire IGIS Asset Management Co., South Korea’s largest real estate asset manager, has narrowed to Hanwha Life Insurance Co. and ...

China suspends sanctions on Hanwha Ocean as Beijing-Washington trade truce takes hold

BEIJING – China has virtually lifted sanctions on five US subsidiaries of South Korean shipbuilder Hanwha Ocean Co., in a conciliatory step fo...

Four-way race set for IGIS Asset sale; Hanwha, Heungkuk, Hillhouse, CapitaLand shortlisted

The sale of South Korea’s top real estate asset management firm, IGIS Asset Management Co., has entered its final stage, with a shortlist of f...

Hanwha names Michael Coulter as US chief to strengthen Washington ties

Hanwha Aerospace Co. has named Michael Coulter, who has led the South Korean defense giant’s global expansion since late last year, as the new...

S.Korea gets Trump nod for Hanwha to make nuclear-powered submarines in Philly Shipyard

Donald Trump has approved South Korea’s long-sought plan to build nuclear-powered submarines, a move that could transform Korea’s naval ...

US denounces China's sanctions on Hanwha Ocean's US arms

The US Department of Treasury on Thursday criticized China’s decision to impose sanctions on five US subsidiaries of Hanwha Ocean Co., a South...

China sanctions Hanwha’s US affiliates amid escalating Beijing-Washington trade dispute

BEIJING – China has imposed sweeping sanctions on five US subsidiaries of South Korea’s Hanwha Ocean Co., accusing the shipbuilder of ai...

Hanwha sets Busan, Philadelphia as twin hubs for MASGA US shipbuilding, MRO projects

South Korea’s big three shipbuilders on Monday outlined their plans to play a central role in the Korea-proposed “Make American Shipyard...

Korea’s defense firms aim for global top 4 with ‘Made in Europe by Korea’ strategy

South Korea’s defense companies are accelerating efforts to build weapons in Europe as they look to cement their place among the world’s...

South Korea’s Hanwha bets big on Europe with Polish missile venture

South Korea’s Hanwha Group has deepened its European push by sealing a deal to build a joint venture in Poland to produce guided missiles, the...

South Korean asset managers step up push into private debt market

South Korean asset managers are ramping up private credit operations as global demand for nonbank lending grows in the wake of tighter bank regulati...

Hyundai Mobis pushes into robotics for edge in humanoid era

Hyundai Mobis Co., the auto parts arm of Hyundai Motor Group, will expand into robotics and automotive semiconductors in a bid to secure new growth ...

Hanwha raises bet on MASGA with $5 bn investment in Philly Shipyard

Hanwha Group will expand its shipbuilding capacity in the US far beyond earlier plans with a $5 billion investment in Hanwha Philly Shipyard as Seou...

HD Hyundai Robotics to raise $144.3 mn to bolster AI-powered robots

HD Hyundai Robotics Co., an industrial robot producer under South Korea’s shipbuilding and machinery giant HD Hyundai Co., will raise 200 bill...

Daishin, Hanwha seen leading bid for S.Korea’s top real estate investor IGIS Asset

The sale of a controlling stake in South Korea’s top real estate asset management firm IGIS Asset Management Co. is picking up pace, with Dais...

YNCC avoids default with $220 mn lifeline from DL Chemical, Hanwha

Yeochun NCC Co. (YNCC), South Korea’s third-largest ethylene maker, has narrowly avoided default as its shareholders – DL Chemical Co. a...

Korea’s YNCC at default risk due to owners’ conflict amid petrochemical slowdown

Yeochun NCC Co. (YNCC), South Korea’s major petrochemical producer, is facing a default risk as its owners disagree over capital injections am...

HD Hyundai Heavy wins US Navy ship MRO deal, 1st under MASGA accord

HD Hyundai Heavy Industries Co., one of the world’s leading shipbuilders, has secured its first-ever maintenance, repair and overhaul (MRO) co...

Hanwha vice chairman joins S.Korean delegation to avert US tariffs

With the US-EU tariff deal sealed, South Korea is ramping up a last-ditch push to strike its own agreement before the US-set Aug. 1 deadline, playin...

LIG Nex1 edges out Hanwha to lead S.Korea’s ‘Iron Dome’ project

South Korea’s LIG Nex1 Co. will lead development of the country’s next-generation missile defense system, beating out longtime rival Han...

Hanwha Philly Shipyard wins 1st export-bound US LNG carrier order in 50 yrs

Hanwha Philly Shipyard has secured a 348 billion won ($250 million) order to build a liquified natural gas (LNG) carrier for Hanwha Shipping LLC, ma...

Pebblestone, Pacific, Hanwha Asset, Hyundai Investments shortlisted for NPS’ $360 mn property fund mandate

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has shortlist...