SEOUL - Hyundai Heavy Industries is focusing on petroleum coke to generate power in a new business it has established in collaboration with state-run Korea Electric Power (KEPCO), seeking to diversify its revenue sources as its core shipbuilding segment continues to suffer from the longstanding global downturn.
Business
Hyundai Heavy turns to petroleum coke to boost earnings
Shipbuilder forms collaboration with Korea Electric Power
Hyundai Heavy Industries Director Chung Ki-seon, left, with KEPCO Vice President Yoo Hyang-yeol, center, and Hyundai Oilbank CEO Moon Jong-bak in Seoul after signing an agreement to collaborate on power generation. (Photo provided by Hyundai Heavy)
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