Tag: heavy industries

heavy industries

Latest News

An Amazon data center in Ashburn, Virginia [REUTERS/YONHAP]

From factories to data centers: Korea's heavy industries pivot to meet surging AI demand

Korea's heavy industries are slowly wading into the business of building AI data centers by repurposing factory sites and core technologies to meet surging demand for their power-hungry infrastructure.

2026.4.24

Shipbuilders vie for order for Korea's first light aircraft carrier

Korea's two leading shipbuilders are competing against each other to obtain the order for the country's first light aircraft carrier.

2021.10.20

HHI Group pushes for approval of new gas carriers

Hyundai Heavy Industries Group said it will push to win approval of its newly developed gas carriers from global ship quality assurance and risk management companies, such as Lloyd's Register from Britain, and flag states in an upcoming exhibition.

2021.9.15

KSOE signs deal for two LPG carriers in Europe

Korea Shipbuilding & Offshore Engineering (KSOE) said Tuesday it has clinched a 120 billion-won ($107 million) order to build two liquefied petroleum gas (LPG) carriers.

2021.4.13

Korea Shipbuilding signs a two-ship deal

Korea Shipbuilding & Offshore Engineering said Tuesday that it has won an 87-billion-won ($72.6 million) deal from an Asian company to construct two petrochemicals (PC) carriers.

2020.7.21

Doosan Group Chairman Park Jeong-won. [YONHAP]

Doosan Heavy to issue additional shares as debts pile up

Doosan Group Chairman Park Jeong-won on Thursday said that debt-laden Doosan Heavy Industries & Construction will raise a trillion won ($835.8 million) this year by issuing new shares and selling off assets.

2020.6.11

Doosan Tower in central Seoul in April. [YONHAP]

Doosan bailed out third time this year by state banks

State-run Korea Development Bank (KDB) and the Export-Import Bank of Korea (Eximbank) on Monday agreed to provide 1.2 trillion won ($978 million) in additional support for Doosan Heavy Industries & Construction.

2020.6.1

SK Shipping's bulk carrier installed with a navigation suppost system developed by Hyundai Heavy Industries. [HYUNDA HEAVY INDUSTRIES]

Hyundai Heavy Industries Holdings swings to loss

Hyundai Heavy Industries Holdings reported Wednesday an operating and net loss in the first quarter on the collapse in oil prices and the disruptions in industrial production caused by the coronavirus.

2020.4.29

Tag: heavy industries

heavy industries

Latest News

From factories to data centers: Korea's heavy industries pivot to meet surging AI demand

Shipbuilders vie for order for Korea's first light aircraft carrier

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