South Korea collaborates withVietnam in Shipbuilding Sector The HD Hyundai Vietnam Shipbuilding (HVS) was established in the year 1996 as a joint venture between Hyundai Mipo Shipbuilding and Vietnam National Shipping Corporation and is acknowledged as the first successful project of overseas expansion of the Korean shipbuilding industry. Initially it came into being as a
Vietnam Rising Economy of Southeast Asia Vietnam once considered as an isolated country is now a middle-income country with a dynamic, enterprising and young population and an increasingly important U.S. partner. In the year 2023 the President of USA and the then General Secretary Nguyễn Phú Trọng agreed to elevate the U.S.-Vietnam relationship to a
Acquisition of Philly Shipyard Hanwha Systems and Hanwha Ocean have acquired Philly Shipyard and strategic plans are in place to invest $100 million to globally expand defense and shipbuilding operations . Philly Shipyard is a leading U.S. shipbuilder that has delivered around half of the merchant navy vessels in the United States since the year
Han River Major Water Source Credit ; Korean Institute of Public Administration The Han River serves as a major water source for South Korea despite environmental concerns as industrial effluents are dumped into the river . Origin Credit : Korean Institute of Public Administration The Han River emerges as two small rivers in the
South Korea Summit with Central Asian Countries South Korea 's summit with 5 Central Asian countries is an integral component of its fresh diplomatic strategy for Central Asia euphemistically termed as “Korea-Central Asia K Silk Road.” President Yoon Suk Yeol is embarking on state visits to Central Asian nations namely Turkmenistan, Kazakhstan and Uzbekistan to
South Korea Offshore Oil & Gas Exploration Kicks off The South Korean government has approved a large scale project of offshore exploration and drilling in the reserve off Yeongil Bay in Pohang to tap the country's massive gas and oil reserves estimated at 14 billion barrels (bbls0 . This may turn out to be one
South Korea's Net Zero Delayed by its LNG Development & Expansion Korea's main LNG imports are from Qatar ,Uzbekistan and Yemen. Globally the liquefied natural gas (LNG) tanker fleet comprised of 734 vessels in the year 2022 including floating storage units. South Korea is the third largest LNG importing country with Korea Gas Corporation (KOGAS)
LNG Vessels & Mergers The European Commission has blocked the proposed merger between Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries on the premise that a monopoly would be established in the construction of large Liquefied Natural Gas (LNG) vessels which are an integral component of the LNG supply chain and ensure energy security.
