The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top South Korean construction equipment maker’s Chinese subsidiary.Korea’s Supreme Court on Jan. 14 ruled in favor of Doosan, saying the com
An LNG-powered container ship built by Hyundai Heavy Industries South Korea’s two major shipyards have started off 2021 with decent orders, brightening the outlook for the country to retain its leadership in the global shipbuilding industry.Korea Shipbuilding & Offshore Engineering Co
Very large container carrier built by Hyundai Heavy Industries China has granted unconditional approval of the world’s largest shipbuilder Hyundai Heavy Industries Group’s acquisition of hometown rival Daewoo Shipbuilding & Marine Engineering Co., a merger deal that is pending a
LNG carrier built by Samsung Heavy Industries Thanks to winning the most orders this year, South Korea’s shipbuilding industry has solidified its lead in the global shipbuilding market for the third year in a row.Recently Korean shipbuilders have been on a winning streak, securing lucrati
Shares of South Korea’s shipbuilders have been neglected in the market, lagging growth and value stocks, as orders for new ships almost stalled amid a global lockdown in the pandemic era.But in the past few months, local shipbuilding companies began running their shipyards at full capaci