Korea Joongang Daily
Korea JoongAng Daily

Foreign Minister to send special envoy to Iran to assess conflict as cease-fire begins

Korea will send a special envoy to Iran to address issues related to the Middle East conflict, the Ministry of Foreign Affairs said Thursday, following the cease-fire agreement between the United States and Iran.

2026-04-09

Korea turns to Red Sea routes for crude as Hormuz blockade continues

Korea will partially allow crude oil shipments through the Red Sea as an alternative to the effectively blockaded Strait of Hormuz as the diplomatic and energy pressures from the Middle East conflict show no sign of easing.

2026-04-06

Oil surges 9% amid escalating Iran conflict affecting Middle Eastern supply routes

Oil prices surged 9 percent Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks following initial bombing by Israel and the United States that killed Iranian Supreme Leader Ali Khamenei.

2026-03-02

New U.S. port tax unlikely to have much effect on China's shipbuilding momentum

The United States will begin imposing a new port tax on Chinese-built vessels starting Tuesday, a move Korea’s shipbuilders initially welcomed in hopes of gaining a competitive edge — but those expectations have yet to materialize.

2025-10-13

Smooth sailing in Q1 for top shipbuilders on strong sales growth

The country's three biggest shipbuilders all logged operating profit in the first quarter on the back of rising ship prices and reduced production costs.

2024-04-26

South sanctions vessels smuggling oil, coal, workers in and out of North

South Korea sanctioned 11 vessels on Wednesday for bringing refined oil to North Korea or engaging in transshipment of goods with North Korean vessels in violation of the UN Security Council resolutions...

2024-01-17

Bracing for the North’s multi-front provocations (KOR)

North Korea’s provocation cannot help the survival of the Kim Jong-un regime or the livelihoods of North Koreans.

2022-10-26

Bracing for the North’s multi-front provocations

North Korea’s provocation cannot help the survival of the Kim Jong-un regime or the livelihoods of North Koreans.

2022-10-25

Avikus to supply Korean shipping companies with autonomous navigation technology

Avikus, Hyundai Heavy Industries’ subsidiary specializing in autonomous navigation technology, signed an order with two Korean shipping companies to install an autonomous navigation solution for large ships.

2022-08-09

KSOE wins order for offshore patrol vessels from the Philippines

Korea Shipbuilding & Offshore Engineering (KSOE) received a 744.9 billion won ($579.5 million) order for six offshore patrol vessels (OPVs) from the Philippines. KSOE, 35.05 percent owned by Hyundai Heavy Industries (HHI) Holdings...

2022-06-27