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2 weeks ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
HMM Co., South Korea‘s largest container shipping line, plans to expand infrastructure investments for growth, according to its new Chief Executive Officer Choi Won-hyuk. “We plan to expand investments in infrastructures, such as shipping terminals and container freight stations (CFS),” Choi said, in an interview with Maeil Business Newspaper.
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3 weeks ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
LS Electric Co., an electric power equipment maker in South Korea, has launched construction of a 40-megawatt-hour (MWh) long-duration energy storage system (ESS) in Jeju. According to the company on Thursday, it broke ground for the project to build a large-scale ESS on Wednesday on Jeju Island, which is aimed at resolving oversupply of power in the region. About 50 guests attended the groundbreaking ceremony, including residents and officials from the Korea Electric Power Corp.
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4 weeks ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
LS Electric Co., an electric power equipment manufacturer under South Korea’s LS Group, has completed the construction of a production facility in the United States, in response to the Trump administration’s enhanced tariffs on imported power equipment. LS Electric announced on Wednesday that it held a completion ceremony on Monday, local time, for its multi-functional production and research facility, the Bastrop Campus, in Bastrop, Texas.
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1 month ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
Europe is a key driver of future growth for South Korea’s Doosan Group, according to its Chairman and Chief Executive Officer (CEO) Park Jeong-won. “The European market is a second home market that supports the sustainable growth of Doosan Bobcat,” Park said. “We must lead the market with Bobcat’s unique innovation technology.”His remarks were made during his visit to Bauma, one of the world’s leading construction machinery trade fair, which was held last week in Munich, Germany.
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1 month ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
South Korean cable manufacturer LS Cable & System Ltd. has built a 3,000 kilowatt (kW) solar power system at its submarine cable production base in Donghae, Gangwon Province. The plant began full-scale operations on Monday. The facility is expected to generate 3,600 megawatt-hours (MWh) of electricity annually, which is equivalent to the annual power consumption of about 1,200 households.
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1 month ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Chang-ho |Han Yubin
A Hyundai Steel Co. rebar factory in Incheon fell silent on Tuesday as operations ground to a halt for the first time since its founding. The sprawling facility, devoid of workers, remained under tight security with only union songs calling for unity echoing through the empty site. Over 400 rebar production workers were placed on forced leave that day under an agreement to receive 70 percent of their wages while operations remain suspended.
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1 month ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
South Korea’s LS Group and LIG Group, which were spun off from LG Group, will expand partnerships in various areas including defense. LS Group and LIG Group announced on Monday that they signed a memorandum of understanding (MOU) on strategic alliances and comprehensive cooperation on Friday, allowing them to foster mutual growth in various domains, particularly in defense.
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1 month ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
South Korean airline Korean Air Co. is deepening its collaboration with Boeing and GE Aerospace. According to the International Air Transport Association (IATA), global aircraft supply has declined significantly from 1,813 units in 2018 to 1,254 units in 2024. In response to the industrial disruptions, Korean Air will finalize a $32.7 billion deal for new Boeing aircraft and GE Aerospace engines. The airline said that Hanjin Group Chairman Walter Cho, Boeing CEO Kelly Ortberg, and GE CEO Russell T.
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2 months ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
South Korea’s refined zinc producer Korea Zinc is encountering challenges in its attempt to register its rare metal manufacturing a “national core technology (NCT).”NCT refers to industrial technologies designated under Article 9 of the Act on Prevention of Divulgence and Protection of Industrial Technology as those that are likely to have a serious adverse effect on the national security and the development of the national economy if leaked abroad.
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2 months ago | 
pulse.mk.co.kr | Jeong Ji-seong |Han Yubin
Should Korea Zinc Co. be acquired by a private equity firm, there will be concerns about technology leakages, according to its Chairman Choi Yun-beom. “I believe the Homeplus issue is very unfortunate … I hope it gets resolved well,” Choi told Maeil Business Newspaper at the InterBattery 2025 event in COEX, Samseong-dong, southern Seoul, on Thursday.
