Korea Joongang Daily
Korea JoongAng Daily

Hanwha Ocean CEO meets Nova Scotia premier amid $40B sub deal bid

Hanwha Ocean will partner with the government of Nova Scotia and Irving Shipbuilding to pursue Canada’s $40 billion submarine program and build a local maintenance and industrial base, the company said Tuesday.

2026-04-14

HD Hyundai chair tours Vietnam operations, stresses on-site safety

HD Hyundai Chairman Chung Ki-sun visited the group’s production facilities in Vietnam over a two-day trip, placing emphasis on workplace safety and on-site management.

2026-03-26

HD Hyundai affiliates collaborate on AI-powered welding robots project

HD Hyundai said Monday its key affiliates and a U.S. robotics firm have forged a partnership to develop and commercialize artificial intelligence (AI)-powered humanoid welding robots for shipyard projects.

2026-03-23

Seoul asks Pennsylvania to review tariff exemption for Korean shipbuilding materials

Seoul's Industry Ministry on Wednesday requested the U.S. state of Pennsylvania to review various measures to support Korean shipbuilding operations in the state, including tariff exemptions on shipbuilding materials, according to officials.

2026-03-18

Gov't will set up task force to manage $350 billion U.S. investment, review projects

The government will set up a temporary task force to swiftly implement its planned $350 billion investment in the United States and begin a full review of the commercial viability of candidate projects.

2026-03-17

Samsung Heavy Industries opens San Diego research center to support U.S.-Korea MASGA initiative

Samsung Heavy Industries said Friday it has established a research center in the United States to support a Seoul-Washington joint initiative aimed at revitalizing the U.S. shipbuilding industry through partnerships with Korean firms.

2026-03-13

Customs agency to ease rules for U.S. naval maintenance to accommodate demand

The customs agency said on Friday that it plans to ease customs rules for the maintenance, repair and operations (MRO) of U.S. naval vessels at domestic shipyards to accommodate an increase in orders.

2026-03-13

Gov't to provide $221.4 million to support projects aimed at developing advanced shipbuilding technologies

The government will provide 320 billion won ($221.4 million) this year to support projects aimed at developing cutting-edge shipbuilding technologies as part of efforts to help Korea's shipbuilding industry maintain its global leadership.

2026-02-24

Trump's administration pledges 'historic' cooperation with Korea, Japan for shipbuilding

U.S. President Donald Trump's administration unveiled an action plan Friday to rebuild America's shipbuilding industry, pledging to continue "historic" cooperation with Korea and Japan.

2026-02-14

Hanwha Aerospace, HD HHI log record revenue on banner year for K-defense

Korea’s defense and shipbuilding heavyweights posted record revenue and profit last year, with Hanwha Aerospace and HD Hyundai Heavy Industries riding strong overseas demand for weapons systems and high-value ships.

2026-02-10