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Korea's state-run companies and private firms are set to begin rebuilding Ukraine after Minister of Land, Infrastructure and Transport Won Hee-ryong and Ukraine President Volodymyr Zelenskyy met and signed an agreement, Wednesday, on the war-torn country's reconstruction projects, according to ministry officials, Friday.
Diminishing demand for solar power generation in Korea has prompted Hanwha to downsize domestic production of solar modules and accelerate its expansion in the profitable U.S. market, according to industry officials, Monday.
A Seoul court has dismissed a lawsuit filed by Hanwha Solutions seeking to reject fines placed on it over its alleged involvement in unfair trading practices with HanExpress, a logistics and shipping firm headed by an older sister of Hanwha Group Chairman Kim Seung-yeon.
Vikram Solar has formed a JV with Phalanx Impact and Das & Co. to develop a vertically integrated solar manufacturing operation in the US.
Hanwha Solution said Monday it is poised to build an industrial complex for manufacturing semiconductors and auto parts in Hwaseong, Gyeonggi Province, in a move to offset its sluggish oil and gas business. According to the company, Hwaseong City has approved its business plan to construct the industrial zone, called H-Techno Valley. With a joint investment worth 380 billion won ($296 million) by the firm and the cit...