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2 weeks ago | 
kedglobal.com | Jae-young Han |Hyung-kyu Kim
South Korea’s newly elected President Lee Jae-myung plans to meet with the heads of the country’s top business leaders before departing for the Group of Seven (G7) summit in Canada next week, people familiar with the matter said on Monday. The Office of the President is coordinating a meeting for June 12 or 13, ahead of Lee’s trip to the G7 summit in Alberta, Canada, from June 15 to 17, sources said.
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3 weeks ago | 
kedglobal.com | Hyung-kyu Kim
South Korea’s new President Lee Jae-myung will attend the summit of the Group of Seven (G7) advanced countries in Alberta, Canada next week, marking his first foray onto the global diplomatic stage since taking office on June 4. The meeting, scheduled for June 15–17, will bring Lee face-to-face with US President Donald Trump and other world leaders for the first time, his office said.
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3 weeks ago | 
kedglobal.com | Jongwoo Cheon |Hyung-kyu Kim |Hyun-il Lee |Dae-hun Kim
South Korea’s liberal politician Lee Jae-myung was ahead in a snap presidential election on Tuesday, an exit poll showed, as Asia’s fourth-largest economy is sharply slowing down on unpredictable protectionist moves by the US and a deepening political divide caused by a shock martial law imposed by ousted former leader Yoon Suk Yeol.
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2 months ago | 
kedglobal.com | Woo-Sub Kim |Jin-Won Kim |Hyung-kyu Kim
POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in exchange for local production of its own steel products in the country to mitigate hefty 25% US tariffs on steel imports. If the two strike a deal, it would mark Korea’s top two steelmakers’ first joint investment and production project abroad.
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2 months ago | 
kedglobal.com | Hyung-kyu Kim
Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it has signed a 370 billion won ($254 million) deal to supply K9 self-propelled howitzers to India. The defense affiliate of Korea’s chemicals-to-defense conglomerate Hanwha Group will deliver the artillery systems to the Indian Ministry of Defense in collaboration with Indian engineering and manufacturing company Larsen & Toubro (L&T).
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2 months ago | 
kedglobal.com | Woo-Sub Kim |Jin-Won Kim |Hyung-kyu Kim
South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate’s de facto holding firm Hanwha Corp. to his three sons, effectively ushering in a third-generation leadership era at one of the country’s largest chaebols. The group announced on Monday that Chairman Kim will transfer 11.32% of his 22.65% stake in Hanwha Corp.
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Mar 28, 2025 | 
kedglobal.com | Woo-Sub Kim |Hyung-kyu Kim
South Korea’s Hyundai Steel Co. has chosen Donaldsonville, a city in Louisiana, as the location for its $5.8 billion US steel mill, marking a major strategic investment in the US steel industry. Hyundai Steel is also in discussions with multiple investors, including US automakers and steel producers, to secure equity investments to help finance the multibillion project, people familiar with the matter said on Friday.
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Mar 27, 2025 | 
kedglobal.com | Hyung-kyu Kim |Jin-Won Kim
Hyundai Steel Co. is set to shut down its reinforced bar plant in Incheon in April to trim output as steel bar prices are hovering near a four-and-a-half-year low, slipping below its breakeven point, according to industry sources on Thursday. The planned suspension marks the first such move by the largest steelmaker in South Korea at its flagship manufacturing facility -- the country’s largest rebar plant -- since its founding.
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Mar 26, 2025 | 
kedglobal.com | Hyung-kyu Kim |Woo-Sub Kim
Samsung Heavy Industries Co., a major Korean shipbuilder, has made a breakthrough in its liquefaction technology for floating liquefied natural gas (FLNG) production facilities, challenging long-standing dominance by US rivals. The technology, known as SENSE IV, is often referred to as the “heart” of the FLNG unit, a massive offshore structure that extracts, liquefies and transfers natural gas from undersea fields.
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Mar 26, 2025 | 
kedglobal.com | Hyung-kyu Kim
LG Energy Solution Ltd. will supply 1 gigawatt-hour of energy storage system (ESS) batteries to a state-owned utility company in Poland in a deal expected to help South Korea’s No. 1 lithium-ion battery maker mitigate the prolonged electric vehicle market slowdown. The company announced on Tuesday that it won an order to deliver 1 GWh of lithium-iron phosphate (LFP) batteries to Poland’s state-owned largest energy provider PGE. This is large enough to power 2,200 three-person households per month.
