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KRX:329180

33 stories mentioning KRX:329180Updated 2d ago

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Asia

Nomura Adjusts HD Hyundai Heavy Industries' Price Target to KRW560,000 From KRW550,000, Keeps at Buy

HD Hyundai Heavy Industries (KRX:329180) has an average rating of buy and mean price target of 827,285.70 won, according to analysts polled by FactSet.

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Asia

HD Hyundai Heavy Industries to Build KRW238.6 Billion SMR Equipment Manufacturing Facility

HD Hyundai Heavy Industries (KRX:329180) plans to invest 238.6 billion won to build a small modular reactor equipment manufacturing facility, according to a Thursday filing with the Korea Exchange.The investment aims to support HD Hyundai Heavy Industries' entry into SMR major equipment manufacturing and meet growing order volumes by building a dedicated SMR manufacturing facility, installing production equipment, optimizing existing facilities, and acquiring related assets.

KRX:329180
Asia

HD Hyundai Heavy Industries to Invest KRW833.6 Billion on High-Power Generation Engine Production Facility

HD Hyundai Heavy Industries (KRX:329180) has allotted 833.6 billion won for a new facility dedicated to high-power generation engine production, according to a Thursday release with the Korea Exchange.The investment will cover land acquisition, construction of a new manufacturing facility and installation of production equipment.The investment looks to increase the company's production capacity in the segment as it addresses growth in the engine power generation market and rising global electricity demand.The investment period will run until May 31, 2028.Shares of the company fell more than 1% in recent trade.

KRX:329180
Asia

HD Hyundai and Philippine Government Pledge Deeper Naval and Shipbuilding Cooperation

HD Hyundai (KRX:329180)chairman Chung Ki-sun met with Philippine Defense Secretary Gilberto C. Teodoro Jr. in Seoul to discuss expanding bilateral cooperation in shipbuilding and defense.The parties reviewed a decade of successful naval projects, starting with a 2016 frigate contract, and agreed to broaden efforts toward Philippine Navy modernization and local industry growth.A key milestone was the recent start of operations at HD Hyundai's Subic shipyard, which has already launched its first vessel and plans to deliver it next year, according to a statement on Tuesday.Having secured orders for 12 Philippine vessels and delivered 6 so far, HD Hyundai plans to leverage its accumulated expertise to continue cooperating on subsequent frigate projects.

KRX:329180
Asia

HD Hyundai Heavy Industries Reports Worker Fatality in Boiler Room Incident

HD Hyundai Heavy Industries (KRX:329180) has reported a fatal industrial accident at its Hanuri Hall site on Aug. 28, where one employee was found collapsed in the boiler machinery room.Authorities, including police and the Ministry of Employment and Labor, are investigating the cause of death, and related records are being reviewed, according to a bourse filing on Monday.A partial work suspension order has been issued by the Ulsan Dongbu Branch of the Busan Regional Office of Employment and Labor, affecting all A-frame ladders currently in use at the workplace.The company has not yet confirmed whether the incident qualifies as a serious industrial accident under safety laws, and expects to provide updates as the investigation proceeds.

KRX:329180
Asia

Market Chatter: HD Hyundai Heavy Labor Faceoff Escalates With Union Vote to Strike

Tensions between HD Hyundai Heavy Industries (KRX:329180) and the labor union soured after the latter backed demands related to performance sharing of at least 30% of operating profit during wage negotiations, South Korea's ​Maeil Business reported on ​Friday.The union voted in favor of a strike, with 5,607, or 68.99%, of its 8,127 members participating in the industrial action vote held between Aug. 25 and Aug. 27. Of those who voted, 5,379 members backed the strike.Among the other union demands are a 149,600 won monthly increase in base pay, excluding regular seniority-based raises, and a 100% increase in bonuses, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:329180
Asia

HD Hyundai Heavy Industries Secures KRW515 Billion Order for Four LPG Carriers

HD Hyundai Heavy Industries (KRX:329180) secured a 515.4 billion won order with an unnamed shipping company in Oceania to construct four liquefied petroleum gas carriers, according to a Monday filing with the Korean Exchange.The South Korean shipbuilding company said the contract runs from Aug. 21, 2026,tod March 31, 2030, and represents 2.93% of its 2025 consolidated sales.The payments will be made according to construction progress, with an advance payment included in the contract terms.

KRX:329180
Asia

Market Chatter: HD Hyundai Heavy Industries Launches Peruvian Naval Project

HD Hyundai Heavy Industries (KRX:329180) has launched the first of two landing support vessels jointly built with Peru's state-owned shipyard SIMA for the Peruvian Navy, Yonhap News reported on Wednesday, citing the company at the launch event.The launch ceremony of the BAP Chimbote was attended by Peruvian President Keiko Fujimori and HD Hyundai Heavy Industries President Joo Won-ho, the news daily said.The vessel is part of a 2024 order for four ships, including a frigate and an offshore patrol vessel, with the second landing support vessel, BAP Talara, having completed onshore construction earlier this month, the publication said.Under the project, HD Hyundai provides design and technical support while SIMA handles block production, assembly, testing and sea trials, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:329180
Asia

HD Hyundai Heavy Industries Enters KRW956 Billion Supply Contract

HD Hyundai Heavy Industries (KRX:329180) entered into an engine generator supply contract worth 956 billion won with Corban Energy Group.The agreement is effective from Aug. 7, 2026, to July 30, 2030, according to a Monday South Korea bourse filing.

KRX:329180
Asia

HD Hyundai Heavy Industries Lands $673.8 Million Engine Deal for U.S. Data Center Power Supply

HD Hyundai Heavy Industries (KRX:329180) has signed a $673.8 million contract with Corban Energy Group to supply 9.6-MW HiMSEN power generation engines totalling 1,000 MW for U.S. data centers.This marks the company's largest-ever power engine order, following a $425 million deal with Aperion Energy Group in April, and the HiMSEN engines are prized for high efficiency and 24/7 operational reliability, according to a company statement on Sunday.The two firms plan to expand cooperation on follow-on projects, capitalizing on surging U.S. data center power demand driven by AI and cloud investments.HD Hyundai is mobilizing group-wide efforts, including floating data center tech development and related power distribution and maintenance services, to strengthen its market position.

KRX:329180
Research

Nomura Upgrades HD Hyundai Heavy Industries to Buy From Reduce, Adjusts Price Target to KRW550,000 From KRW640,000

HD Hyundai Heavy Industries (KRX:329180) has an average rating of buy and mean price target of 860,333.30 won, according to analysts polled by FactSet.

KRX:329180
Asia

HD Hyundai Heavy Industries Reports 290% Increase in Q2 Attributable Profit

HD Hyundai Heavy Industries (KRX:329180) reported a 290% year-over-year increase in net income attributable to owners of the parent to 822.1 billion won from 210.9 billion won for the second quarter, according to a Wednesday filing with the Korea Exchange.Sales rose 52.7% to 6.332 trillion won from 4.147 trillion won for the three months ended June 30.The shipbuilder declared a cash dividend of 6,090 won per share, payable on Aug. 31 to shareholders of record on Aug. 13.Shares of the company fell 2% in recent trade.

KRX:329180
Asia

HD Hyundai Heavy Industries Suspends Production for Safety Training, Inspections

HD Hyundai Heavy Industries' (KRX:329180) production, including the manufacturing of ships, is expected to be suspended from July 29 to July 31.The suspension will affect roughly 17.6 trillion won in sales, according to a Monday filing with the South Korea bourse.The suspension comes due to the implementation of special safety training and inspections at all worksites to eliminate serious accidents.

KRX:329180
Asia

HD Hyundai Heavy Industries Worker Dies From Panel Factory Accident

HD Hyundai Heavy Industries (KRX:329180) reported one death from a serious industrial accident at a panel factory within its Gunsan shipyard, according to a Monday filing with the Korea Exchange.The accident occurred on Friday, when the worker got caught between a log and a log attachment machine.The police and the Ministry of Employment and Labor are currently investigating the accident, with a partial work suspension order issued on Saturday.The HD Hyundai (KRX:267250) subsidiary will conduct special safety training and preventative measures for employees following the accident.

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Asia

South Korean Shares Close Sharply Lower on Escalated US-Iran Military Conflict, Oil Price Jump

South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.

^KOSDAQKOSPIKRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Samsung Electronics' $400,000 Bonus Leads to Labor Protests Across South Korea

Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

HD Hyundai Heavy Dock Partially Suspended After Fatal Workplace Accident

Regulators on July 19 ordered a partial work suspension at HD Hyundai Heavy Industries (KRX:329180) shipbuilding dock, halting all gondola operations following a fatal workplace accident a day earlier, according to a Monday stock exchange filing.A worker died on July 18 at the company's shipbuilding division outer dock after being trapped between a gondola and an upper platform.Police and labor authorities are investigating the accident and reviewing related documents.HD Hyundai said it will conduct company-wide safety training and implement measures to prevent similar incidents.

KRX:329180
Asia

HD Hyundai Heavy Industries Logs $14.8 Billion in Orders for June

HD Hyundai Heavy Industries (KRX:329180) has recorded orders totaling $14.8 billion in June, up from the $8 billion recorded in the same month last year, according to a regulatory filing on Thursday.The shipbuilding division led the growth with $12.2 billion in orders, while the offshore plant segment surged to $113 million and the engine and machinery division was flat at $2.45 billion.

KRX:329180
Asia

HD Hyundai Marine Solution Worker Dies in Assembly-Area Fatal Accident

An HD Hyundai Marine Solution (KRX:443060) worker died after falling during overhead crane maintenance work at a plate assembly area, parent HD Hyundai Heavy Industries (KRX:329180) said in a Friday filing with the Korea Exchange.Police and the Ministry of Employment and Labor are investigating the incident. The company will carry out site-wide safety training and implement measures to prevent similar accidents.Authorities also ordered a partial suspension of all crane repair and inspection work at the workplace from Thursday.Shares of HD Hyundai Marine Solution rose nearly 6% in recent trade, while those of HD Hyundai Heavy Industries added over 1%.

KRX:329180KRX:443060
Asia

HD Hyundai Heavy Industries Secures KRW469.9 Billion Construction Order

HD Hyundai Heavy Industries Co.,Ltd (KRX:329180) bagged a construction order worth 469.9 billion won from a Middle East-based shipping company, according to a filing with the Korean Exchange.The contract will conclude on June 30, 2029.

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