Industry | BusinessKorea

Thursday, March 23, 2017

Industry

Jang Se-wook, vice chairman of Dongkuk Steel.
Long Cherished Dream
23 March 2017 - 12:45pm
On March 22, Dongkuk Steel Mill held a ceremony to receive slabs (a rectangular semi-finished steel product made by cooling off melted iron) produced by Brazil's CSP Steel Mill which started to...
POSCO chairman Kwon Oh-joon (left) met Tom Schuessler, president of ExxonMobil who visited the POSCO Center in Seoul on March 22, and discussed ways to cooperate for creation of the synergies of both companies.
Manganese Steel
23 March 2017 - 12:45pm
POSCO's new high manganese steel plate was first applied to oil sand slurry pipes of Exxon Mobil, the world's largest oil company. POSCO agreed to mass-produce and supply "high manganese steel for...
The year-on-year growth rate of Korea exports to China has been negative for three consecutive years.
Shrinking Export to China
23 March 2017 - 12:30pm
A slowness in Korea’s exports to China is becoming prolonged as they contracted for three years in a row. "Until 2014, there had been a boom in Korea's exports and imports as the trade between Korea...
Korea Development Bank (KDB) on March 22 submitted for Kumho Tire’s shareholder council meeting to discuss on whether to allow chairman Park Sam-koo to form a consortium to purchase Kumho Tire.
Changing the Stance?
23 March 2017 - 10:45am
Kumho’s main creditor Korea Development Bank (KDB) on March 22 submitted for Kumho Tire’s shareholder council meeting to discuss on whether to allow Kumho Asiana Group chairman Park Sam-koo to form a...
Korea Electric Power Corp (KEPCO) is trying to enter the British nuclear power market by acquiring Toshiba's stake in a project to build three nuclear power plants in Britain.
Waiting for Clear-up
22 March 2017 - 8:30pm
Korea Electric Power Corp (KEPCO) is expected to buy Toshiba's stake in a consortium that plans to build nuclear power plants in Britain. "We will take a quick action to buy the Japanese firm's 60...
The Seoul Sky of Lotte World Tower with the highest glass-floor observation deck is the third-highest observation deck in the world.
Korea's Tallest Skyscraper
22 March 2017 - 2:30pm
A 555 meter skyscraper built by South Korean retail giant Lotte Group will be open early next month. After completion of a four trillion-won worth construction, the 123-story Lotte World Tower was...
Hanwha Q cell won a deal to build the largest solar power plant project in Turkey.
Solar Power Project
22 March 2017 - 2:30pm
Hanwha Q cell landed an order to build the largest solar power plant project in Turkey. According to the Turkish daily Hurriet on March 21, a consortium formed by Hanwha Q cell of Korea and Kalyon of...
The emblem of 2017 K-BPI Golden Brand.
15 Years’ Recognition
22 March 2017 - 2:30pm
Hankook Tire ranked first for 15 consecutive years in the passenger car tire category and nine years in a row in the tire-specialized store category of the “017 Korea-Brand Power Index (K-BPI)”...
South Korea’s total exports for the first 20 days of this month added up to US$27.32 billion, up 14.8% from a year ago.
Fifth Consecutive Increase
22 March 2017 - 11:15am
The Korea Customs Service announced on March 21 that South Korea’s total exports for the first 20 days of this month added up to US$27.32 billion, up 14.8% from a year ago. The total exports from the...
Hyundai Motor Group is expected to start reorganizing the ownership structure as economic democratization has been under discussion.
Governance Structure
22 March 2017 - 10:45am
Goldman Sachs added fuel to a controversy over the reorganization of Hyundai Motor Group’s governance structure. There have been rumors and speculation that Hyundai Motor Group, which has been slow...
DSME will sell the entire business together with its defense unit next year.
Sell-off of DSME
22 March 2017 - 10:45am
Lim Jong-ryong, chairman of the Financial Services Commission (FSC) of South Korea, said on March 21, “Merger and acquisition (M&A) is the ultimate goal of restructuring of Daewoo Shipbuilding...
The argument has emerged that both South Korea and the U.S. can benefit from the addition of an energy trade chapter to the KORUS FTA.
Another Sight Angle
22 March 2017 - 10:30am
Former Hyundai Research Institute CEO Ha Tae-hyung remarked at a recent seminar that revision of the KORUS FTA is likely to be rather limited and the South Korean government can add energy trade to...

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