France took part in an allied naval exercise, dubbed the Jeanne D'Arc mission, in the Indian and Pacific Oceans between May 11 and 16. The JoongAng Ilbo conducted an interview with Rear Admiral Jean-Mathieu Rey about the mission.
Visitors look at a miniature of a light aircraft carrier on display at the International Maritime Defense Industry Exhibition (Madex) in Busan on Wednesday. Some 120 companies from seven countries are participating in the exhibition.
Shippers have mostly responded to carbon regulations by increasing fuel efficiency or slowing vessel speed. But maritime regulations are sure to intensify and this calls for the industry to come up with a more fundamental approach: fuel.
Korean Air Lines has received orders for more shares than it made available in a recent offering.
Mobile carriers KT and LG U+ together acquired 3.8 percent of OneStore, the only app market run by Korean firms, in a move to challenge the dominance of Google Play and the Apple App Store.
The South Korean military approved a 2-trillion-won ($1.8 billion) plan to construct a light aircraft carrier for the Navy by 2033, Korea’s arms procurement agency announced Monday.
KT's consolidated 2020 net profit climbed 5.6 percent on year to 703.4 billion won ($623.1 million). Annual revenue was down 1.7 percent to 23.9 trillion won, while operating profit was up 2.1 percent to 1.2 trillion won.
LG U+ was hit with 21.6 million won in government fines for a failure to secure customer data, which led to a massive breach and unauthorized sharing of sensitive information.
Airlines are flying passengers to Japan and back, without landing at the destination country, to save their balance sheets and give a helping hand to struggling duty-free stores.
Daewoo Shipbuilding & Marine Engineering (DSME) signed a letter of intent to build 10 very large crude-oil carriers (VLCCs) that run on liquefied natural gas (LNG).