Hyundai Merchant to buy 20% stake in US Hanjin port terminal

Hyundai Merchant Marine (HMM) said Thursday that its board has decided to buy a 20 percent stake in Hanjin Shipping’s port terminal operator in the United States. Its board members agreed to buy the stake in Total Terminals International LLC (TTI), owned by its troubled rival, for $15.6 million. HMM said the deal will also give a 20 percent stake in HTEC, an equipment leasing firm, to the shipper.

Source: Hyundai Merchant to buy 20% stake in US Hanjin port terminal

Hyundai Heavy wins suit against Daewoo Shipbuilding

Hyundai Heavy Industries (HHI) and Samsung Heavy Industries have won a patent suit against Daewoo Shipbuilding and Marine Engineering (DSME), nullifying the latter’s patent over a technology that re-liquefies evaporated liquefied natural gas (LNG). According to the shipbuilders Thursday, the Patent Court of Korea issued a ruling Jan. 13, invalidating DSME’s patent over boil off gas (BOG) liquefaction technology, saying that DSME’s knowhow is not different from those developed and used by the other two shipbuilders.

Source: Hyundai Heavy wins suit against Daewoo Shipbuilding

Guns on campuses?

College, we like to think, is a time of intellectual inquiry. But it is also, as anyone who has spent any time on a campus knows, a time of boundary-testing, experimentation and alcohol-fueled parties.

Source: Guns on campuses?

Gov’t to diversify egg imports Gov’t to focus on stabilizing consumer prices ahead of holidays

The government said Thursday that after allowing egg imports from the United States, it will diversify import countries to stabilize prices. This was one of the measures announced by the Ministry of Strategy and Finance as part of a plan to stabilize consumer prices ahead of Lunar New Year’s Day holidays.

Source: Gov’t to diversify egg imports Gov’t to focus on stabilizing consumer prices ahead of holidays

Diplomacy dead between Seoul, Tokyo

Both Korea and Japan are finding it increasingly difficult to seek a diplomatic solution to the dispute over the “comfort woman” statues amid negative public sentiment toward each other. This is partly because politicians and bureaucrats in the countries are taking advantage of the incendiary issue for their own political interests.

Source: Diplomacy dead between Seoul, Tokyo