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Samsung Overhauls TV Division as Chinese Rivals Close In

Samsung Overhauls TV Division as Chinese Rivals Close In

(Photo=Samsung) Samsung Electronics, a global electronics giant based in South Korea, is restructuring its TV division as intensifying competition from Chinese manufacturers threatens its 19-year streak as the world's top TV brand and erodes profitability. According to industry sources on July 3, Samsung's Visual Display (VD) business unit has begun one-on-one meetings with some employees as part of an organizational

Jul 6 2025
09:00 AM PDT
Foreigners Fall in Love with Korea’s Spicy Flavors — K-Food Exports Hit $7 Billion in H1

Foreigners Fall in Love with Korea’s Spicy Flavors — K-Food Exports Hit $7 Billion in H1

Photo=NongShim K-Food exports in the first half of this year increased by over 8%, driven by strong overseas demand for products such as instant noodles, ice cream, and sauces. According to the Ministry of Agriculture, Food and Rural Affairs on July 3, Korea’s K-Food exports reached $5.16 billion in the first half of 2025, marking an 8.4% increase compared to

Jul 5 2025
11:00 AM PDT
Hanwha Shipping Orders VLCC from Hanwha Ocean to Support U.S. Maritime Strategy

Hanwha Shipping Orders VLCC from Hanwha Ocean to Support U.S. Maritime Strategy

(Photo=Hanwha Ocean) Hanwha Shipping, the U.S. subsidiary of South Korean shipbuilding giant Hanwha Ocean, has ordered one very large crude carrier (VLCC) from its parent company. The move is aimed at supporting U.S. maritime policies by reflagging domestically built vessels as American ships. According to Norwegian shipping journal TradeWinds on July 4, Hanwha Shipping signed a contract with Hanwha Ocean

Jul 5 2025
09:00 AM PDT
Hyundai Engineering Faces Setback in $1.9 Billion Serbia Solar Project After Supervision Contract Falls Through

Hyundai Engineering Faces Setback in $1.9 Billion Serbia Solar Project After Supervision Contract Falls Through

(Photo=Pixabay) Hyundai Engineering’s $1.9 billion solar power project in Serbia has hit a roadblock after the cancellation of a key supervision and consulting contract, making construction delays unavoidable. Hyundai Engineering, a South Korea–based construction and engineering firm known for its global infrastructure and energy projects, is leading the initiative in partnership with U.S. solar company UGT Renewables. On July 1,

Jul 3 2025
10:00 AM PDT
HD Hyundai to Merge Equipment Units into Single Entity ‘HD Construction Equipment’

HD Hyundai to Merge Equipment Units into Single Entity ‘HD Construction Equipment’

(Photo=HD Hyundai Infracore) HD Hyundai, the holding company of South Korea’s Hyundai Heavy Industries Group, announced on July 1 that it will merge its two construction machinery affiliates—HD Hyundai Construction Equipment and HD Hyundai Infracore—into a single entity tentatively named “HD Construction Equipment.” The merger is designed to strengthen the company’s competitiveness by integrating two complementary businesses: one focused on

Jul 3 2025
09:00 AM PDT