Peru pitches $39 billion in projects to Korean firms as new government courts foreign capital During an investment seminar at the Embassy of Peru in Korea, Peru's state-run investment promotion agency introduced 85 projects worth $39 billion. The portfolio prominently featured rail projects. 2026.9.30
Korean shipbuilders race to master Arctic ice-navigation technology As Korea’s first Arctic trial voyage advances, major shipbuilders are developing real-time systems to help polar vessels navigate ice safely. 2026.9.27
Strike pressure eases in autos, shifts to steel and shipbuilding As automakers near wage settlements, Posco and HD Hyundai Heavy unions escalate strike threats amid weakening industry profits. 2026.8.31
Labor unrest grips Ulsan as strikes spread beyond factory floors Unions across Korea's industrial hub are escalating action over pay, retirement ages and job security, threatening production and public transport. 2026.8.24
HD Hyundai launches Peruvian navy ship in landmark overseas co-production project The launch of the Chimbote marks HD Hyundai Heavy Industries' first naval vessel co-produced with an overseas shipyard. 2026.8.19
Korea-U.S. Shipbuilding Partnership Center opens as Korean firms step up joint projects HD Hyundai, Hanwha Ocean and Samsung Heavy Industries signed new deals for design, technology and work force development as Washington moves to revive U.S. shipbuilding. 2026.7.24
U.S. House Appropriations subcommittee officials toured Korean shipyards in July: Sources A defense appropriations delegation visited Hanwha Ocean and HD Hyundai yards as Washington weighs expanding shipbuilding cooperation. 2026.7.23
Hyundai Motor, HD Hyundai Heavy unions set to strike over bonuses, retirement age Negotiations at both Ulsan heavyweights have stalled, with a range of demands from labor rebuffed by management as the auto and shipbuilding sectors brace for downstream effects. 2026.7.20
Korean yards bring strong reputation to Thai navy bid. But will it be enough? Hanwha Ocean and HD Hyundai compete for Thailand’s frigate contract as Seoul looks to revive naval exports despite Bangkok’s political and budget risks. 2026.7.16
Over 200 foreign workers at HD HHI unionize after new contract reduces base pay More than 200 workers employed by the shipbuilding giant HD Hyundai Heavy Industries (HHI) joined the Korea Metal Workers' Union following the introduction of the new compensation system that reduced base pay. 2026.7.15