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Samsung Heavy Industries signed a memorandum of understanding (MOU) with Indian shipmaker Swan Defence and Heavy Industries, a shipyard located in Gujarat, western India, to cooperate in the shipbuilding and offshore sectors, the Samsung subsidiary said Monday. Swan Defence and Heavy Industries operates India's largest dry dock -- measuring 662 meters (2,172 meters) by 65 meters -- and has the capacity to build very large crude carriers (VLCCs) and offshore facilities. Through the partnership, ...Read More >
Seoul : Hyundai Motor, South Korea's biggest carmaker, said on Monday its sales fell 3.7 per cent last month from a year earlier due to a slowdown in vehicle demand. Hyundai Motor sold 355,729 vehicles in November, down from 369,356 units a year earlier, the company said in a statement. Domestic sales slumped 12.3 per cent to 63,170 units, while overseas sales slipped 1.6 per cent to 292,559, the statement said. From January to October, its sales dropped 1.7 per cent to 3,809,424 units from 3 ...Read More >
Seoul: South Korea's exports of bio-health products jumped 22.5 per cent in the third quarter from a year earlier, data showed on Friday, driven by growing demand for pharmaceutical goods in European nations. According to the Korea Health Industry Development Institute, outbound shipments of bio-health products, including pharmaceutical goods and cosmetics, amounted to $6.34 billion in the July-September period, compared with $5.17 billion recorded over the same period in 2023, Yonhap news agen ...Read More >
Seoul, November 27: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase i ...Read More >
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