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Hanwha to Resume Work on Bismaya Residential City

By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing of a memorandum of understanding between the National Investment Commission (NIC) and South Korea's Hanwha to resume work on Bismayah City residential development. The visit on Monday morning included a meeting with residents, where their feedback on provided services was heard, prompting directives ....

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Hanwha Aerospace aims to lead Korea to land on moon in 2032

CHANGWON, South Gyeongsang - Hanwha Aerospace seeks to leverage its business capabilities, such as its space rocket engine production and satellite manufacturing, to participate in the development of the launch vehicle for Korea as it looks to land a space vehicle on the moon by 2032, the space unit of Hanwha Group said Tuesday. ....

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Hanwha Ocean swings to black in 2023

Major Korean shipbuilder Hanwha Ocean said Wednesday it swung to profit in 2023 amid a surge in sales. ....

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Korean firms investing in US, Southeast Asia hit by global minimum tax

Korea’s implementation of the OECD s global minimum corporate tax initiative, the first of its kind in the world, has become an additional financial burden on companies that have invested in the U.S. and Southeast Asia when seeking tax benefits, according to industry officials, Wednesday. ....

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Harim fails in bid to acquire Korea's top container shipper HMM

HMM s creditors have opted against selling Korea s largest container shipping company to Harim Group, the nation s biggest poultry processing company. The decision amplifies uncertainties surrounding HMM s privatization, particularly in the face of a pessimistic outlook for the logistics industry. ....

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