HD Hyundai Heavy Industries has signed a memorandum of understanding with Philly Shipyard on the construction and maintenance of U.S. warships and government-commissioned vessels.
HD Hyundai Heavy Industries put pen to paper on a deal on the construction of four warships for the Peruvian navy.
The Korean ship maker will take the lead in the joint construction of a frigate, deepwater guard vessel and two landing ships for the Peruvian Navy.
The shipbuilding affiliate of HD Hyundai opened construction with a keel-laying ceremony for the second Aegis-equipped destroyer commissioned by Seoul's acquisition program.
HD Hyundai Heavy Industries remains eligible to bid on government contracts despite its employees' leakage of military secrets.
HD Korea Shipbuilding & Offshore Engineering secured a $366 million order to build three very large ammonia carriers for a Central and South American shipper, with delivery scheduled for June 2028.
Korea and Qatar signed deals amounting to some $4.6 billion during President Yoon Suk Yeol's bilateral summit with Qatari Emir Sheikh Tamim bin Hamad Al Thani in Doha on Wednesday.
Hosting foreign workers was the solution to reviving Ulsan's Dong District, with its population expected to increase even more as local shipbuilders plan to hire even more foreign workforce.
Unionized workers at Hyundai Motor decided to refuse work on Saturdays from Sept. 4 as they took industrial action amid an impasse in negotiation over wages and the extension of the retirement age.
Police raided the arms procurement agency over allegations that it manipulated conditions to select HD Hyundai Heavy Industries (HD HHI) as the preferred bidder for the basic design of the 7.8 trillion won ($5.82 billion) KDDX project.
Korea JoongAng Daily Sitemap