Seoul court begins rehabilitation process for STX Heavy Industries Co.

A Seoul court on Monday began a rehabilitation process for STX Heavy Industries Co., South Korea’s key manufacturer of vessel engines and plants, after the financially strapped company applied for protection late last month.

Seoul summit: Big breakthrough or just hot air?

Leaders of China, Japan and South Korea held their first joint meeting in over three years on Sunday, and one ...

Shipbuilders urge Seoul to intervene

The local shipbuilding industry asked the government to provide substantial support to save...

'Seoul won't sell DSME overseas'

Seoul won’t sell Daewoo Shipbuilding & Marine Engineering (DSME) to a foreign company to...

Seoul helps coastal-ship renewal

The Ministry of Land, Transportation and Maritime Affairs of Korea has announced on February 21 that it...