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HD Hyundai CEO promoted to vice chairman

South Korean shipbuilding and energy conglomerate HD Hyundai promoted Chung Kisun, the president and CEO of HD Hyundai, to vice chairman on Friday, as part of a leadership reshuffle that also included promotions for several other executives. Chung Kisun's tenure as president was marked by his role steering the company through economic downturns over the last two years, especially in the shipbuilding sector. He w...

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Hanwha Ocean confident of winning order for new frigates

Hanwha Ocean said Thursday it is considering building a new factory to construct two frigates indoors at once, demonstrating confidence about defeating HD Hyundai in a recent bid to receive the order for the construction of the Korean navy's fifth and sixth Ulsan-class Batch-III frigates.

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