Korea Joongang Daily
Korea JoongAng Daily

Hanwha Ocean secures $413 million shipbuilding deal

Hanwha Ocean has secured a $413 million contract for a specialized LNG carrier, marking a significant addition to its order volume this year, which totals $6.1 billion.

2024-10-02

Korea develops first domestic engine for K-9 self-propelled howitzer

Korea has successfully developed an indigenous engine for the K-9 self-propelled howitzer.

2024-09-27

Hanwha Ocean fails to acquire Australian shipbuilder Austal

Major Korean shipbuilder Hanwha Ocean said Wednesday its talks to acquire Australian shipbuilder Austal had fallen through, following a regulatory concern raised in Australia.

2024-09-25

Hanwha Ocean partners with U.S. ABS to develop advanced offshore tech

Major Korean shipbuilder Hanwha Ocean said Monday it has signed a partnership with the American Bureau of Shipping to jointly develop advanced offshore technologies.

2024-09-23

Hanwha Ocean to spend $1.5 billion on safety overhaul after four worker deaths

Hanwha Ocean has earmarked 1.98 trillion won ($1.5 billion) for its safety budget over three years through 2026, the shipbuilder said Wednesday.

2024-09-18

Hanwha Group enters $448 million bid for controlling stake in Singapore plant manufacturer

Hanwha Group is seeking to acquire the management rights to Singapore-based Dyna-Mac Holdings, an offshore plant manufacturer, via a public tender offer totaling 600 billion won ($448 million).

2024-09-12

Korea promises plan to produce domestic jet engine by end of year

Korea plans to create a comprehensive jet engine development roadmap by year's end, emphasizing collaboration across government, military and industry.

2024-09-09

Hanwha, Hyundai and Kia bring the big guns to Poland's MSPO expo

Korea's defense firms, including Hanwha Ocean and Hyundai Rotem display arms at Poland's MSPO, aiming for multibillion dollar contracts.

2024-09-05

Hanwha Ocean, Poland's WB Group to jointly bid on submarine project

Hanwha Ocean has signed an MOU with Poland's WB Group to collaborate on the Orka submarine project.

2024-09-04

Hanwha Seoul International Fireworks Festival to feature 'largest-ever' fireworks

Hanwha’s Seoul International Fireworks Festival will be take place Oct. 5 and feature the event's “largest-ever” fireworks.

2024-09-03