Posco documentary spotlights steel’s second life

Posco is highlighting steel recycling and electric arc furnace technology in the second installment of its YouTube documentary series on the industry’s decarbonization. The steelmaker released “Steel, Finding New Life,” the latest episode of “The Evolution of Steel,” on its Posco Studio channel. Following the first episode, “Steel, Beyond the Age of Fire,” the new episode examines how scrap metal can be recycled and reused as the industry seeks to reduce carbon emissions. The episode opens at th

2026-08-26 15:19:48:00

LS Cable units hit records on AI infrastructure boom

Three major LS Cable & System subsidiaries posted record first-half earnings as investment in AI data centers and power grids drove demand for cables, bus ducts and subsea infrastructure. Gaon Cable, LS Eco Energy and LS Marine Solution generated combined revenue of 2.42 trillion won ($1.75 billion) and operating profit of 119.7 billion won in the January-June period. Gaon Cable reported consolidated revenue of 1.63 trillion won, up 27.3 percent from a year earlier. Operating profit jumped 41.8

2026-08-26 14:30:00:00

HanmiGlobal ranks sixth among global project managers

South Korean construction management firm HanmiGlobal said Wednesday that it ranked sixth in Engineering News-Record’s latest survey of the world’s leading construction and project management firms, the highest position ever achieved by a Korean company. The annual rankings cover major sectors of the global construction industry and are based on companies’ revenue from the previous year. HanmiGlobal recorded $255.8 million in construction management and project management revenue in 2025. Its ov

2026-08-26 11:54:21:00

Hyundai Steel targets AI data center demand with HanmiGlobal

Hyundai Steel is teaming up with construction management firm HanmiGlobal to expand the use of steel structures in data centers and other advanced industrial facilities. The steelmaker said Tuesday that it recently signed a memorandum of understanding with HanmiGlobal at its Pangyo office in Seongnam, Gyeonggi Province. Under the agreement, the companies will jointly review the use of fire-resistant and high-strength structural steel from the design stage. They aim to offer customers optimized s

2026-08-25 14:08:42:00

Simmons teams up with Posco, Kiswire on mattress materials

Simmons has partnered with Posco and Kiswire to jointly develop and supply specialized steel wire used in mattress springs, strengthening its domestic supply chain for key materials. The mattress maker detailed the trilateral collaboration during a media tour held Wednesday through Friday at the Simmons Factorium, its manufacturing facility in Icheon, Gyeonggi Province. Under the partnership, Simmons and Posco will jointly research spring wire designed specifically for mattresses. Kiswire will t

2026-08-25 13:51:00:00

Coway expands B2B push with tailored appliance care

Coway is expanding its business-to-business operations with customized product recommendations, installation and maintenance services. The home appliance rental company is targeting growing demand from hotels, offices, schools and other commercial facilities seeking products and services tailored to their operating environments. Drawing on more than 30 years of experience in appliance care, Coway recommends products based on factors such as available space, room layout and usage patterns. Its de

2026-08-24 14:43:10:00

Doosan Enerbility wins W930b contract for Oman power plant

Doosan Enerbility said Friday it has won a 930 billion won ($683 million) contract to build the Misfah combined-cycle power plant in Oman. The plant is scheduled for completion in April 2029 and is expected to help meet Oman’s electricity demand and stabilize energy supply. Doosan Enerbility will carry out engineering, procurement and construction work as part of a consortium with a power plant construction company SEPCO-3. Clients of the projects are global developers including Qatar’s Nebras P

2026-08-21 11:42:42:00

Hugel’s Wellage lands at Sephora US

Wellage, the clinical cosmetics brand owned by Korean medical aesthetics company Hugel, has entered Sephora stores in the US through a partnership with Olive Young, expanding its presence in North America. The launch includes five products from Wellage’s Real Hyaluronic line: a "one-day kit," an ampoule, toner, cream and a mask. Wellage will also participate in a mobile pop-up campaign jointly organized by Olive Young and Sephora. The pop-up truck will visit Sephora stores in New York, Texas and

2026-08-20 15:36:12:00

US Ambassador meets AmCham leaders in first business talks

The American Chamber of Commerce in Korea held its first official meeting with US Ambassador to South Korea Michelle Steel in Seoul on Thursday, discussing business conditions and ways to deepen bilateral trade and investment. The meeting in Yeouido brought together executives from US companies operating across major industries in Korea. Participants discussed challenges facing American businesses and stressed the importance of a predictable, globally aligned business environment to support cont

2026-08-20 15:35:59:00

Paik’s Coffee opens first two stores in Tokyo

Paik’s Coffee, operated by Theborn Korea, said Thursday it has opened its first two stores in Tokyo as part of a broader overseas expansion. The first outlet opened in Shinbashi, a major business district, followed by a second in Kanda, an area surrounded by offices and universities. The stores sell more than 1,000 drinks on weekdays, according to the company. Paik’s Coffee introduced a “smart pickup system” that separates ordering and collection areas, with order information displayed at the pi

2026-08-20 15:35:48:00