Latest news with #BusinessKorea
Ya Biladi
16-07-2025
- Business
- Ya Biladi
Korean shipbuilder HD Hyundai eyes operating rights to Casablanca shipyard
South Korean shipbuilding giant HD Hyundai Heavy Industries is reportedly eyeing the establishment of a production base in Morocco. According to industry sources cited by the Korean business magazine Business Korea on Tuesday, the company is seeking operating rights for the Casablanca shipyard. HD Hyundai is considering entering a bid for the operating rights, currently being offered by Morocco's National Ports Agency. If successful, the company would secure a 30-year lease on what is set to become Africa's largest shipyard—spanning 210,000 m²—strategically located on the Atlantic coast. The project aligns with Morocco's ambition to acquire 100 merchant vessels by 2040, the same source added. HD Hyundai, already facing a 2.5-year order backlog across its global shipyards, would aim to absorb local demand and position itself to capture additional orders from the European shipping market. The move fits the group's strategy of global expansion through operational partnerships rather than building new facilities from scratch.
Zawya
03-07-2025
- Business
- Zawya
HanmiGlobal wins Makkah high-rise mixed-use project deal
HanmiGlobal, a global project management specialist, has announced that it has secured a 25 billion won ($18.3 million) contract for a high-rise mixed-use complex located opposite Al Haram at Makkah in Saudi Arabia. The scope of work includes provision of project management services for the project comprising residential towers as well as retail and commercial facilities along with key amenities including prayer rooms, parking lots and other supporting facilities. HanmiGlobal continues to maintain stable performance through consistent overseas contracts, reported Business Korea. In the first quarter of this year, the company recorded consolidated sales of 122.5 billion won and operating profit of 9.8 billion won, with overseas sales accounting for about 52% of the total at 63.5 billion won. Notably, sales in Saudi Arabia increased by 11% compared to the previous quarter, reaching 12.3 billion won, it stated. Since entering the Saudi market in 2007, HanmiGlobal has successfully completed over 40 projects. From 2021, the company has secured numerous projects related to Saudi Arabia's future smart city project, 'NEOM City.' To date, it has conducted a total of eight projects, including special overall program management (e-PMO), general project management, transportation, environment, and sustainability consulting services in three areas, and monitoring services for the 80,000-unit workers' accommodation complex project, said the Business Korea report. In July last year, HanmiGlobal proactively established a regional headquarters (RHQ) in Saudi Arabia, leading among Korean companies in strengthening its business expansion and local sales base in the Middle East region, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Indian Express
27-06-2025
- Business
- Indian Express
BTS' 2026 announcement just made HYBE's global staff 6.21 million KRW richer, here's how
BTS' return from military service is already paying off for everyone at HYBE. After a noticeable dip during the 18 months when all seven members, V, Jungkook, RM, Jin, J-Hope, Suga, and Jimin, were enlisted, the label finally saw its stock bounce back in June. And just before the septet returned, the agency announced every full-time HYBE employee, not just in Korea but across the globe, is getting 20 restricted stock units (RSUs), worth around 6.21 million KRW each at current value, according to Business Korea. That's roughly $4,500 per person, just a straight-up reward for riding out the BTS drought. Also read: BTS' Suga's students didn't know he was a star: 'He always arrived early, read my 500-page textbook, wasn't just a donor,' says hospital's professor In BTS' absence, the K-pop agency led by Bang Si Hyuk spread its wings to America, partnering with Scooter Braun. But even as it expanded, HYBE took some serious hits, starting with CEO backlash, followed by the ADOR mess and NewJeans drama, with Min Hee Jin's resignation and courtroom appearances dragging the company down. Now, with the Dynamite crooners finally back, hope's back too. Reports say that with BTS' upcoming project, HYBE's shares are expected to climb higher, which also means the final bonus could end up being way more than what's on paper. RSUs aren't instant cash. They're granted now, but only come through when certain terms are met. Which means, staff might walk away with more than just 6.21 million KRW once it's all said and done. Also read: K-pop group, once bigger than BTS, lost everything to controversy but never disbanded This is a first for HYBE as well, who, unlike previously, when they awarded RSUs only to a handful of executives (34 people in December, 32 employees recently), are now doing so for thousands of employees. With the full comeback expected in March 2026, HYBE clearly wants to boost employee morale and motivation before they go all out with global promotions, aiming for Grammys and sold-out arenas again. Currently, HYBE's shares have outperformed those of its peers, including YG Entertainment (home to BLACKPINK), SM Entertainment (home to NCT, BoA, EXO), and Kakao Corp (which houses Jay Park, Chungha, FTISLAND, CNBLUE, and more). Analysts say BTS's return could trigger a major spike in HYBE's sales, especially in high-profit areas like concerts and merchandise. Mirae Asset Securities even raised HYBE's stock target from ₩345,000 (around $250 USD) to ₩390,000 (about $280 USD).
Yahoo
20-05-2025
- Automotive
- Yahoo
HD Hyundai Construction Equipment's smart factory to serve as global production hub
HD Hyundai Construction Equipment has inaugurated its smart factory at the Ulsan Campus in Dong-gu, South Korea. This facility aims to serve as a global production hub, marking a significant milestone in the company's modernisation efforts, reported BusinessKorea. The smart factory integrates advanced technologies to optimise production and logistics processes. The plant's inauguration ceremony was attended by approximately 400 individuals, including HD Hyundai chair Kwon Oh-gap, vice-chair Chung Ki-sun, XiteSolution president Cho Young-cheul, president Choi Cheol-gon, and labour union branch chair Lim Young-mo, as well as other key executives, employees, and partners. Since 2023, HD Hyundai Construction Equipment has invested Won200bn ($150m) in a modernisation project to upgrade facilities and expand production capacity at the Ulsan factory. The project integrates Factory 1 and Factory 2 within the existing 234,710m² site, boosting equipment and operating systems to transform the facility. The smart factory features an integrated system that unifies production and logistics lines, introducing a real-time product tracking system. According to the company, productivity and quality consistency are improved with welding robots and vision sensors on the fabrication parts production line. Automated guided vehicles and AI-based quality inspection systems have also increased automation on the assembly line. HD Hyundai Construction Equipment anticipates a 20% improvement in labour productivity and a 35% reduction in product completion time. The production capacity for excavators and wheel loaders is expected to rise by 56%, from 9,600 to 15,000 units annually. The company expects the campus to link with major overseas production subsidiaries and customisation centres in the US and Europe. Kwon stated: 'The new factory, reborn with a smart and safe production system, will establish itself as the world's best production base equipped with technology and environment.' Choi highlighted the site's enhanced quality competitiveness, saying: 'We will continuously introduce the best products that can lead the construction equipment industry, including next-generation new models.' During the inauguration, HD Hyundai Construction Equipment delivered five units from the smart factory, including a 40-ton (t) class excavator, a 125t ultra-large excavator, and a 35t large wheel loader, to dealers in South Korea, the US, Europe, China, and Indonesia. Last month, the company reported sales of Won906.8bn and an operating profit of Won41.7bn in the first quarter of 2025, a year-over-year decline of 7.4% and 22.3%, respectively. It also unveiled its new excavator model at KINTEX 1st Exhibition Center in Goyang-si, South Korea. "HD Hyundai Construction Equipment's smart factory to serve as global production hub" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
17-04-2025
- Forbes
Apple iPhone Fold Could Use Samsung OLED Panels To Rival Galaxy Z Fold
Apple iPhone 16 Pro Prakhar Khanna Apple's first foldable iPhone could be launched as soon as next year. There is no official word on an iPhone Fold, but according to a new report, the company is moving away from its key strategy to ensure premium OLED panel quality. Apple usually uses displays from multiple suppliers to drive down costs while maintaining high quality. However, it is said to equip the first iPhone Fold exclusively with OLED panels from Samsung Display. According to a report from Business Korea, the first foldable iPhone will use Samsung Display's OLED panels to rival Samsung Mobile's Galaxy Z Fold series. For context, the two Samsung companies operate separately. While the Korean tech giant has six years of expertise in foldable OLED technology, it is also constantly innovating and experimenting with shrinkable and rollable displays (showcased at CES 2025). Apple is trusting Samsung's foldable OLED expertise for its first iPhone Fold. In the recent past, Samsung Display has faced tough competition from Chinese companies like BOE, which resulted in its share dropping to 40% last year. However, this strategic partnership with Apple is expected to 'significantly impact Samsung's market share in foldable OLEDs.' While the supply volume for Apple's foldable iPhone has not been finalized yet, the report goes on to state that Samsung Display's market share is "predicted to rise dramatically to the 70% range next year.' The demand is said to exceed the initially projected annual level of 9 million units and potentially reach over 15 million units, reigniting demand for the foldable OLED market. Apple iPhone 16 Pro Prakhar Khanna Apple's first foldable iPhone is rumored to unfold to an iPad Mini-like 7.8-inch inner screen, whereas you might get a 5.5-inch display on the front. It is said not to unfold in a square-ish form like the Galaxy Z Fold 6 to reduce letterboxing (thick borders when watching videos). Instead, it might offer an 11-inch iPad-like 4:3 aspect ratio for a better video consumption experience. This could help Apple ensure software compatibility on its first-generation foldable. Previously, Ming-Chi Kuo, a reliable analyst at TFI Securities, has predicted Touch ID to make a return on the iPhone Fold. It is rumored to be 9–9.5mm thick when folded and 4.5–4.8mm when unfolded, which could be thinner than the required thickness to house Face ID sensors. To compare, the current world's thinnest book-style foldable phone, the Oppo Find N5, measures 8.93mm when folded and around 4.25mm when unfolded. By contrast, Huawei's tri-fold Mate XT Ultimate is 3.6mm thin when fully unfolded. Both of them are significantly thinner than Samsung's current Galaxy Z Fold 6, which measures 5.6mm when unfolded. So, you can expect the iPhone Fold to be thicker than the Chinese counterparts but slimmer than its direct rival. The iPhone Fold might pack a 'high-density battery,' which could first make its way to the iPhone 17 Air this year. On the optics front, you can expect to get a dual-camera setup with one selfie shooter on both the cover display and the foldable screen. Kuo says that the iPhone Fold will be a 'true AI-driven iPhone' since a bigger screen can offer a better cross-app AI experience. Apple iPhone 15 Pro Prakhar Khanna Apple's iPhone Fold is said to be priced around $2,000, according to the Business Korea report. However, Kuo has predicted it to cost between $2,000 and $2,500. This is more expensive than Samsung, Google, and OnePlus foldables, but Apple fans are likely to give it a warm reception. According to Kuo, the iPhone Fold is predicted to ship 3–5 million units in 2026. However, the volume production will be capped till 2027 due to the complexity of manufacturing. It could reach 20 million units, including the second-generation iPhone Fold, by the end of 2027.
