Search results for Hyosung Heavy Industries
Industry
Global ESG focus shifts to governance, South Korean companies face urgent response
The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.
Finance
KOSPI nears record high breakout as analysts call for hedges beyond semiconductors
South Korea\'s KOSPI is nearing a break above its previous record high, lifting expectations for a stock market rally as Middle East geopolitical risks ease. The index slipped on April 17 as foreign investors turned to heavy net selling after U.S. shares hit records. Analysts expect strong tussles around the 6,300 level but see a record high as a matter of time, with semiconductors the key driver. They also recommend portfolio hedges such as IT hardware, defence and machinery.
AI & Enterprise
STT GDC Korea to open Seoul data centre in June, sees immersion cooling growth potential within five years
STT GDC will open a data centre in Seoul in June and begin full-scale operations, its Korean joint venture said. STT GDC Korea, a joint venture with Hyosung Heavy Industries, completed the AI-ready facility in Seoul\'s Gasan-dong and plans to start service in June 2026. The company is working with partners on cooling solutions, including immersion cooling. Executives said wider use of immersion cooling could take shape within five years.
