(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

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

(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

(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,

(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