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Hanjin Heavy Industries
HJ Shipbuilding & Construction Company, Ltd. (Korean: 주식회사 HJ중공업, Hanja: 株式會社HJ重工業), formerly Korea Shipbuilding & Engineering Corporation (Korean: 대한조선공사, Hanja: 大韓造船公社) and Hanjin Heavy Industries & Construction Co. Ltd.) (Korean: 주식회사 한진중공업, Hanja: 株式會社韓進重工業), is a South Korean-based multinational shipbuilding company, founded in 1937 as Chosun Heavy Industries Co., Ltd. (Korean: 조선중공업 주식회사, Hanja: 朝鮮重工業株式會社). Scandals 7 July, Thousands of protesters clashed with the police in a demonstration against layoffs in Yeong-do, Busan, and Police fired water cannons with diluted tear-water solution on the crowds after warning the crowds to disperse on the streets. In late September, 2020, the Korea Development Bank (KDB), the main creditor and largest shareholder, announced it would sell all or part of its stake in HHIC. KDB owns 83.45 percent of shares i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Under Japanese Rule
Between 1910 and 1945, Korea was ruled as a part of the Empire of Japan. Joseon Korea had come into the Japanese sphere of influence with the Japan–Korea Treaty of 1876; a complex coalition of the Meiji government, military, and business officials began a process of integrating Korea's politics and economy with Japan. The Korean Empire, proclaimed in 1897, became a protectorate of Japan with the Japan–Korea Treaty of 1905; thereafter Japan ruled the country indirectly through the Japanese Resident-General of Korea. Japan formally annexed the Korean Empire with the Japan–Korea Treaty of 1910, without the consent of the former Korean Emperor Gojong, the regent of the Emperor Sunjong. Upon its annexation, Japan declared that Korea would henceforth be officially named Chōsen. This name was recognized internationally until the end of Japanese colonial rule. The territory was administered by the Governor-General of Chōsen based in Keijō (Seoul). Japanese rule prioritized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korea Development Bank
Korea Development Bank (KDB Bank, SWIFT: KODBKRSE) is a wholly state-owned policy development bank in South Korea. It was founded in 1954 in accordance with The Korea Development Bank Act to finance and manage major industrial projects to expedite industrial development of Korea. As a 61st biggest global bank (The Banker Top 1000 World Bank List in 2018), KDB Bank has not only fostered the growth of strategic industries but also facilitates the turnaround of troubled companies through restructuring and provides capital for strategic development projects. Since 2000, it has diversified into investment banking services and operates as a CIB (Commercial and Investment Bank). Nevertheless, it is a major restructuring player and has saved a lot of big companies during major financial crisis, especially in 1997 Asian financial crisis and Financial crisis of 2007–2008. Offices (as of December 2018) Domestic Branch : 69 locations in South Korea International Subsidiary (5) : China (Hon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1937 Establishments In Korea
Events January * January 1 – Anastasio Somoza García becomes President of Nicaragua. * January 5 – Water levels begin to rise in the Ohio River in the United States, leading to the Ohio River flood of 1937, which continues into February, leaving 1 million people homeless and 385 people dead. * January 15 – Spanish Civil War: Second Battle of the Corunna Road ends inconclusively. * January 20 – Second inauguration of Franklin D. Roosevelt: Franklin D. Roosevelt is sworn in for a second term as President of the United States. This is the first time that the United States presidential inauguration occurs on this date; the change is due to the ratification in 1933 of the Twentieth Amendment to the United States Constitution. * January 23 – Moscow Trials: Trial of the Anti-Soviet Trotskyist Center – In the Soviet Union 17 leading Communists go on trial, accused of participating in a plot led by Leon Trotsky to overthrow Joseph Stalin's regime, and assassinat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing Companies Based In Busan
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vehicle Manufacturing Companies Established In 1937
A vehicle (from la, vehiculum) is a machine that transports people or cargo. Vehicles include wagons, bicycles, motor vehicles (motorcycles, cars, trucks, buses, mobility scooters for disabled people), railed vehicles (trains, trams), watercraft (ships, boats, underwater vehicles), amphibious vehicles (screw-propelled vehicles, hovercraft), aircraft (airplanes, helicopters, aerostats) and spacecraft.Halsey, William D. (Editorial Director): ''MacMillan Contemporary Dictionary'', page 1106. MacMillan Publishing, 1979. Land vehicles are classified broadly by what is used to apply steering and drive forces against the ground: wheeled, tracked, railed or skied. ISO 3833-1977 is the standard, also internationally used in legislation, for road vehicles types, terms and definitions. History * The oldest boats found by archaeological excavation are logboats, with the oldest logboat found, the Pesse canoe found in a bog in the Netherlands, being carbon dated to 8040 - 7510 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shipbuilding Companies Of South Korea
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. History Pre-history The earliest known depictions (including paintings and models) of shallow-water sailing boats is from the 6th to 5th millennium BC of the Ubaid period of Mesopotamia. They were made from bundled reeds coated in bitumen and had bipod masts. They sailed in shallow coastal waters of the Persian Gulf. 4th millennium BC Ancient Egypt Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3100 BC. Egyptian potte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korean Air
Korean Air Co., Ltd. (), operating as Korean Air (Korean Air Lines before 1984), is the flag carrier of South Korea and its largest airline based on fleet size, international destinations and international flights. The present-day Korean Air was established on March 1, 1969, after the Hanjin Group acquired government-owned Korean Air Lines, which had operated since June 1962. Korean Air is a founding member of the airline alliance SkyTeam and SkyTeam Cargo. It is one of the 10 airlines ranked 5-star airline, and top 20 airlines in the world in terms of passengers carried and is also one of the top-ranked international cargo airlines. Korean Air's international passenger division and related subsidiary cargo division together serve 126 cities in 44 countries. Its domestic division serves 13 destinations. The airline's global headquarters is located in Seoul, South Korea. The airline had approximately 20,540 employees as of December 2014. The airline was once known as "an i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanjin Shipping
Hanjin Shipping Co., Ltd. was a South Korean integrated logistics and container transport company. Prior to its liquidation, Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity. History Cho Choong Hoon the founder of Hanjin started at the end of World War II, in November 1945 with a single truck in the port city of Inchon. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all of the U.S. armed forces in Vietnam, including the Army, Navy, and Air Force. In November 1969, Hanjin made its entry into the containerized shipping business signing a deal with Sea-Land Service, Inc. In September 1970, the company opened its first container yard at the port of Busan. The late 1970s saw a major push into the Middle East with contracts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hanjin Group
The Hanjin Group () is a South Korean chaebol. The group has various industries covered from transportation and airlines to hotels, tourism, and airport businesses, and one of the largest chaebols in Korea. The group includes Korean Air (KAL), which was acquired by the founder Cho Choong-hoon in 1969, and was the owner of Hanjin Shipping (once the largest shipping company in Korea) before its bankruptcy. In 2013, Hanjin Group officially switched from cross ownership to a holding company structure with the establishment of Hanjin KAL Corporation. The group is controlled by descendants of Cho Choong-hoon, and many construction chaebols are the major shareholders of Hanjin KAL. History Hanjin started at the end of World War II, in November 1945. Early on, its biggest customer was the U.S. Army, providing the transportation of material to both Korea and Vietnam. The company signed a major contract with the US 8th Army in November 1956, and another contract in March 1966, with all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's education system and the establishment of a motivated and educated populace is largely responsible for spurring the country's high technology boom and economic development. South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2019, South Kor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HHIC Phil
Hanjin Heavy Industries and Construction Philippines, known as HHIC Phil, was established in February 2006 by Hanjin Heavy Industries and Construction of South Korea. In the same month, the first ship building contract was signed for 4 container ships. In May 2006, the construction of a shipyard began on Redondo Peninsula - on the northern edge of Subic Bay. The first vessel "Argolikos" was delivered in July 2008 for the Greek ship owner Dioryx. As of April 2011, the shipyard had delivered 20 ships. In 2013, the shipyard made its first oil tanker and in 2016, it delivered its first gas carrier. Additionally, the shipyard has also built parts of CALM buoys used for the Malampaya offshore project. The shipyard also has two large drydocks. In January 2019, the company filed for the biggest bankruptcy in the Philippines with unpaid loan obligations amounting to $412 million. Background As a part of its expansion process overseas, in 2004, Hanjin Heavy Industries Corporation star ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Korea Navy
The Republic of Korea Navy (ROKN; ko, 대한민국 해군), also known as the ROK Navy or South Korean Navy, is the naval warfare service branch of the South Korean armed forces, responsible for naval and amphibious operations. The ROK Navy includes the Republic of Korea Marine Corps, which functions as a branch of the Navy. The ROK Navy has about 70,000 regular personnel including 29,000 Republic of Korea Marines. There are about 160 commissioned ships in the ROK Navy. The naval aviation force consists of about 70 fixed-wing and rotary-wing aircraft. The ROK Marine Corps has about 300 tracked vehicles including assault amphibious vehicles. The Republic of Korea Navy was established as the Marine Defense Group on November 11, 1945 after Korea was liberated from the Empire of Japan on August 15, 1945. Since the Korean War, the South Korean navy had concentrated its efforts on building naval forces to counteract hostilities of North Korea. As South Korea's economy grew, the ROK ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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