Jeong Ji-seong

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Korean Air to deliver Hyundai Card exhibition artwork

1 week ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

South Korea’s Korean Air said on Thursday that it signed a memorandum of understanding (MOU) with Hyundai Card to provide air transportation services for artworks exhibited in Seoul over the next year. Under the agreement, the airline will handle the air transport of various pieces that will be showcased at Hyundai Card Storage, a cultural exhibition venue operated by the credit card company.
Taihan Cable, SuperNode to co-develop next-gen superconducting cable

1 week ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

Taihan Cable & Solution Co. has teamed up with a global company to develop a next-generation superconducting cable with higher efficiency than existing models. Taihan Cable announced on Wednesday that it has signed a memorandum of understanding with Irish cable firm SuperNode Ltd. on Tuesday to jointly develop next-generation superconducting cables. The signing ceremony was attended by key executives, including Taihan Cable & Solution Vice Chairman Song Jong-min and SuperNode CEO John Fitzgerald.
Korea Zinc invests $85 mn in Canadian deep-sea mining firm

1 week ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

Korea Zinc Co. made a strategic $85 million investment in Canadian seabed resource startup The Metals Company (TMC). This is part of the South Korean zinc producer’s broader initiative to secure alternative sources of critical minerals such as nickel and copper as geopolitical tensions rise and global supply chain realign. The investment grants Korea Zinc a 5 percent equity stake in TMC, a Nasdaq-listed company pioneering deep-sea mining operations in the East Pacific.
Hyundai Steel to supply automotive steel sheets to GM Korea: Sources

2 weeks ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

South Korea’s Hyundai Steel Co. is set to begin supplying automotive steel plates to General Motors Korea Co. (GM Korea) as early as September, replacing approximately 100,000 tons of steel products that had previously been supplied by Baoshan Iron & Steel Co., a subsidiary of China’s Baowu Steel Group, the world’s largest steelmaker.
Sono Hospitality Group wins KFTC approval for T’way Air merger

2 weeks ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

Sono Hospitality Group, a leisure infrastructure company in South Korea, has won an unconditional approval from the Fair Trade Commission for its merger with budget carrier T’way Air. Sono Hospitality Group announced on Wednesday that the KFTC granted the green light on Tuesday, concluding that the merger posed “no concern of restricting market competition.”With regulatory approval secured, Sono Hospitality Group is expected to swiftly move ahead with integration plans.
Hanjin chair urges Lee to shield aviation industry from U.S. tariff threats

3 weeks ago | pulse.mk.co.kr | Jeong Ji-seong |Han Yubin

The chairman of Hanjin Group, which operates Korean Air Lines Co, called on the newly inaugurated Lee Jae-myung administration to take urgent and concrete steps to protect South Korea’s aviation sector from looming U.S. tariff pressures. Walter Cho’s comments come amid growing concerns that new trade measures by Washington could undermine the global aviation supply chain.
New HMM CEO emphasizes infrastructure investments for growth

2 months 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.
LS Electric to build large-scale ESS to resolve power oversupply in Jeju

2 months 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.
LS Electric completes construction of power equipment plant in Texas

2 months 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.
Europe is key driver of growth: Doosan chief

2 months 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.