[K-Biz brief] US Department of Commerce up to 293% tariff on forged steel parts (May 28)

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▲ Korean steel company = [Exclusive] US Department of Commerce up to 293% tariff on forged steel parts

The US government imposes tariffs on forged steel parts in Korea and India. Tariffs were up to 198.38% for Koreans and 293.40% for Indians. The US government has been conducting anti-dumping and countervailing duty investigations on forged steel parts since last year. This tariff imposed concerns Korea's exports of forged steel.

 

▲ Hyundai Mipo Dockyard = Ordered three LPG ships, amounting to KRW 210 billion

Hyundai Mipo Dockyard has contracted to build three LPG carriers from Singapore Eastern Pacific Shipping. Won the competition with Chinese companies. The contract size is 210 billion won.

 

▲ Hyundai E&C = 20 trillion won Indonesian petrochemical plant order preparation

PT Pertamina, a state-owned oil and gas corporation in Indonesia, is planning to build a large $ 16 billion petrochemical plant in the Tuban area. Hyundai E&C is preparing for bidding.

 

▲ Hyundai Motor Company = Investment to 'Digital Anonymization' solution startup

Hyundai Motors invested in Israel's digital anonymization solution startup D-ID. The strategy is to prepare for the protection of personal information, which is becoming more important with the era of free-driving cars.










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