Woo-Sub Kim

2 days ago | kedglobal.com | Jin-Won Kim |Woo-Sub Kim

BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling a story of a shipyard once left adrift, now navigating calmer waters. Workers swarmed over the frames of seven specialty vessels: four air-cushion vehicles, two high-speed patrol boats and a fisheries guidance vessel. Next to them, a 9,000 TEU container ship, commissioned by shipping giant HMM Co., was undergoing final outfitting.

1 month ago | kedglobal.com | Sang-Hoon Sung |Woo-Sub Kim |Jin-Won Kim

LG Energy Solution Ltd. has secured a string of billion-dollar energy storage system (ESS) deals in Japan and Europe, outmaneuvering Chinese rivals in a rare breakthrough for a South Korean battery maker in traditionally China-dominated markets. LG Energy has signed a contract to supply more than 2 gigawatt-hours (GWh) of lithium iron phosphate (LFP) batteries to Japan’s Omron Corp. over five years, starting at the end of this year, people familiar with the matter said on Tuesday.

1 month 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.

1 month 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.

1 month ago | 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.