Woo Jae-yoon

2 weeks ago | pulse.mk.co.kr | Han Jae-beom |Woo Jae-yoon |Han Yubin

The United States is expected to order up to 448 industrial and military vessels from South Korea by 2037, creating opportunities for local shipbuilders, according to a report released on Monday by the Federation of Korean Industries (FKI). The forecast is based on the Shipbuilding and Harbor Infrastructure for Prosperity and Security for America Act of 2025 (SHIPS for America Act), introduced in April 2025, alongside the U.S. Navy’s shipbuilding and retirement plans for 2025.

3 weeks ago | pulse.mk.co.kr | Woo Jae-yoon |Kim Dae-eun |Moon Jae-yong |Han Yubin

South Korean steel giant POSCO Group has decided to invest nearly 1 trillion won ($706 million) in its secondary battery materials affiliates, including POSCO Future M Co., to support capacity expansion and stabilize operations. POSCO Holdings held a board meeting on Tuesday and approved a total investment of 922.6 billion won through a capital increase in three subsidiaries — POSCO Future M, POSCO-Pilbara Lithium Solution, and POSCO GS Eco-Materials.

3 weeks ago | pulse.mk.co.kr | Woo Jae-yoon |Han Yubin

Chung Ki-sun, executive vice chairman of South Korea’s HD Hyundai Co. will meet with Aramco Downstream President Mohammed Y. Al Qahtani on Tuesday to discuss cooperation in shipbuilding and energy sectors, industry sources said. Al Qahtani, seen as a likely successor to Aramco CEO Amin H. Nasser, is in Korea for high-level meetings as the state-owned oil giant deepens strategic ties with Korean firms.

1 month ago | pulse.mk.co.kr | Woo Jae-yoon |Han Yubin

South Korea’s steel exports to the United States rose nearly 15 percent in April from a year ago despite tariffs imposed by the Trump administration, data showed on Thursday. According to data released by the Korea Iron & Steel Association, the country’s steel exports to the U.S. stood at 237,774 tons in April, up 14.9 percent from the same month a year ago. Shipments to the U.S. had declined 13.9 percent on year in March.

1 month ago | pulse.mk.co.kr | Woo Jae-yoon |Chu Dong-hun |Han Yubin

South Korea’s steel giant POSCO Holdings Inc. and LG Chem Ltd. announced on Wednesday that they will develop carbon capture and utilization (CCU) technologies with the Korea Research Institute of Chemical Technology (KRICT). The consortium aims to participate in a CCU project led by the Ministry of Science and ICT, which supports innovation to reduce carbon emissions by converting captured carbon dioxide into valuable resources.