By Kim Boram SEOUL, June 21 (Yonhap) -- Hanwha Group said Friday it has invested US$100 million in Philly Shipyard Inc. to acquire a 100 percent stake in the U.S. shipbuilder, marking the first entry of a South Korean company into the U.S. shipbuilding industry. The acquisition involves the group's two defense units, Hanwha Systems

SEOUL, June 17 (Yonhap) -- Hanjin Logistics Corp., the logistics unit of airline conglomerate Hanjin Group, said Monday it will add seven new branches in Europe by 2027 to gain a bigger share in the local logistics markets. Hanjin Logistics currently operates 37 subsidiaries and branches in 18 countries to provide trucking services of air

SEOUL, June 7 (Yonhap) -- SK Group Chairman Chey Tae-won had held a meeting with C.C. Wei, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said Friday. SK Group has SK hynix Inc., the world's second-largest maker of memory chips, under

SEOUL, June 5 (Yonhap) -- South Korea has signed nearly 50 initial agreements with African nations meant to boost cooperation on trade, energy, critical minerals and a wide range of other industrial and economic fields, Seoul's industry ministry said Wednesday. The memorandums of understanding (MOUs) were signed on the sidelines of the two-day Korea-Africa Summit

SEJONG, June 3 (Yonhap) -- South Korea's trade ministry said Monday it has discussed ways to broaden exchanges with Norway by seeking a comprehensive agreement on economic ties. Trade Minister Cheong In-kyo met with Norwegian Ocean Minister Marianne Sivertsen Naess in the central city of Sejong to share ideas on establishing a bilateral trade and

(ATTN: UPDATES with UAE president's meeting with business tycoons at bottom; ADDS new photos) SEOUL, May 28 (Yonhap) -- Business leaders of South Korea and the United Arab Emirates (UAE) on Tuesday discussed ways to enhance economic cooperation and develop business partnerships in new industries, such as clean energy and ICT, a major business lobby

SEOUL, May 24 (Yonhap) -- HD Hyundai Co., a holding company of South Korea's shipbuilding-to-energy conglomerate HD Hyundai Group, said Friday it has joined hands with oil giant Shell in jointly developing technologies for liquefied hydrogen carriers. Under a recently signed joint development agreement in Seongnam, South Korea, HD Hyundai's two shipbuilding affiliates, HD Korea

Rendered image of Doosan Robotics’ new P-Series collaborative robot gripping a cardboard box for palletizing tasks (Doosan Robotics) Doosan Robotics announced Monday the establishment of its European branch, Doosan Robotics Europe, in Dusseldorf, Germany, aiming to expand its sales channels and respond more effectively to local demand. Doosan Robotics Europe will collaborate with system integrators

SEOUL, May 17 (Yonhap) -- South Korea and Britain will jointly host an artificial intelligence (AI) summit in Seoul next week, the science ministry here said Friday. As a follow-up to the AI Safety Summit held in England last November, the AI Seoul Summit will kick off Tuesday with leaders of major countries and global

By Oh Seok-min SEOUL, May 13 (Yonhap) -- South Korea will push to set up a package worth over 10 trillion won (US$7.28 billion) to support the chip industry as part of efforts to boost the competitiveness of the critical industry and to prop up economic growth, the finance ministry has said. The planned assistance