Industry | BusinessKorea

Tuesday, December 12, 2017

Industry

Samsung Electronics R&D Campus in Seoul, South Korea.
R&D Investment
12 December 2017 - 11:00am
Samsung Electronics joined the group of the top 5 firms in terms of research and development (R&D) in the world for six consecutive years. But its ranking went down by two notches from the...
Innocean’s acquisition of D&G will not only boost its sales but also expand its global markets.
For Global Sales Expansion
12 December 2017 - 10:45am
Innocean, an affiliate advertising agency of Hyundai Motor Group, is seeking to acquire David & Goliath (D&G), a LA-based advertising agency responsible for Kia Motors America. According to...
An aerial view of Samsung Electronics’ home appliances manufacturing plant which is currently under construction in Newberry, South Carolina, in the US.
New Investment Before Safeguard Decision
12 December 2017 - 10:45am
Sputh Korean electronic giant Samsung Electronics Co. has signed a research and development (R&D) partnership with the two largest universities in the state of South Carolina in where the company...
The global demand for AMOLED displays for smartphones is forecast to increase next year and new demands are expected to be created with regard to smart watches, tablet PCs, automobiles, etc.
Increasing Demand for AMOLED
12 December 2017 - 10:30am
According to industry sources, the total shipments of the global AMOLED display market are expected to increase from 422 million units to 1,536.6 million units between 2016 and 2022. Specifically,...
Mirae Asset plans to set up an innovation platform in where creative talents and innovative companies coexist in Pangyo, south of Seoul.
Platform for Innovation
12 December 2017 - 10:00am
Mirae Asset will create 1.8 trillion won (US$1.65 billion) of funds and invest in the project to develop a mega fourth Industrial platform-based complex in Pangyo, south of Seoul.   Mirae Asset...
South Korean shipbuilders are failing to distinguish themselves in the global cruise ship market.
Need for Attention to Leisure Ships
12 December 2017 - 9:45am
According to the Korea Trade-Investment Promotion Agency (KOTRA), 56 contracts were signed for new cruise ships and ferries around the world last year whereas the average had been 43 for the period...
Charging technology affects the formation of the electric car market as much as electric car technology itself.
Core for Competitive Edge
12 December 2017 - 9:30am
It is pointed out that Korea has to become more active about the development of electric car charging technology in order to preempt the future electric car market amid fierce competition for...
Some say that Samsung C&T won the project of constructing the underground expressway in Singapore at the excessive low prices in order to kill the rumors of the replacement of President Choi Chi-hun.
Overreaching in Attempt
11 December 2017 - 12:00pm
Criticism mounts as Samsung C&T won a large construction project abroad at excessive low prices again. It is appreciable that South Korea’s largest construction firm Samsung C&T saw its...
Korea National Oil Corporation (KNOC) has kept making an investment in Harvest, like a bottomless pit, after acquiring the cash-strapped Canadian crude oil developer in 2009.
Bottomless Pit
11 December 2017 - 11:30am
Korea National Oil Corporation (KNOC) has decided to provide 500 billion won (US$457.54 million) worth of additional payment guarantee to Harvest, a Canada-based resources developer, including oil,...
Canada decided to impose anti-dumping duties of 4.1% to 88.1% on carbon and alloy steel pipes imported from South Korea.
Anti-dumping Duty From Canada
11 December 2017 - 10:15am
The Canada Border Services Agency (CBSA) decided to impose anti-dumping duties of 4.1% to 88.1% on carbon and alloy steel pipes imported from South Korea, according to the industry source on December...
The Canal Istanbul project does not have transparent feasibility and has social risks for Korean builders.
Canal Istanbul Construction
11 December 2017 - 9:30am
A sign of the crystallization of the Canal Istanbul construction project expected to amount to about 18 trillion won is attracting more attention from Korean builders. According to the Haberturk...
POSCO has about 200 patents in South Korea and 50 or so patents in more than 20 countries worldwide with regard to the FINEX technology.
In Less Than 11 Years
8 December 2017 - 10:30am
POSCO announced on December 7 that it produced 20 million tons of molten metal by using the FINEX technology. Developed and commercialized by the company itself, the FINEX technology is characterized...

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