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After U.S. President Donald Trump announced the announcement Blanket exports to Seoul to the United States 15% tariff.
Hanwha Group Vice Chairman Kim Dong-Kwan is part of a delegation of business leaders in Washington lobbying for the trade deal, including Hyundai Motor Group Chairman Euisun Chung and Samsung Electronics Chairman Jay Y. Lee, Chairman of Samsung Electronics Electronics, according to Reuters.
Hanwha Group is expected to expand or upgrade facilities at its Philadelphia shipyard acquired last year, Yonhap News Agency Reportplay a key role in revitalizing US shipbuilding work.
Thursday marked the second consecutive green conference of South Korean shipyards. Its operating profit surged as of the second quarter ended June, as well as a series of announcements.
Hanwha Ocean Report Operating profit is 371.7 billion Korean won ($266.7 million) in the second quarter ended on Tuesday, June. That is about 43.6% higher than the 259 million won reported in the previous quarter and reverses the loss of 10 billion won released a year ago in the same period.
Revenue jumped by 4.8% to a quarter of 3.3 trillion won due to strong commercial and offshore sales, according to the Shipyard.
According to a Reuters report, the company also announced it received a new order of 35.6 billion won on Tuesday.
Also, the shipbuilder on Thursday Several plans have been initiatedThis is part of the 2023 plan, working with industry partners to make it more competitive globally and focus on the threat posed by Chinese shipbuilders.
In another move, Lufthansa Ocean also Establish a new engineering center in IndiaAccording to a report by South Korea’s Bizwire.
The Korean publication quoted comments from industry sources familiar with the matter, noting that the Indian Hanwa Marine Global Engineering Center is an industrial hub in Noida, about 26 kilometers from the Indian capital New Delhi.
