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Friday, June 23, 2017

Industry

Hyundai Motor used tires of Michelin and Continental in the Genesis EQ900 released at the end of 2015.
Reasons for Sharp Increase
23 June 2017 - 11:15am
Imported tires show a strong sales growth. As sales of imported tires from January to April increased by more than 40 percent compared to a year earlier, the figures will reach a record high this...
Korea’s export of Halal products as of 2016 took up only 5.7 percent of the total exports to the market.
Promotion of Halal Businesses
23 June 2017 - 11:15am
The Korea International Trade Association (KITA) opened a business support center to help domestic businesses gain greater access to the international halal product market at the Trade Tower in...
Kia Motors ranked highest among 32 global general and premium brands in the 2017 US Initial Quality Study (IQS) released by J.D. Power and Associates.
Initial Quality Survey
23 June 2017 - 11:15am
Kia Motors Corp., South Korea's second-largest carmaker, announced on June 22 that it ranked highest among 32 global general and premium brands in the 2017 US Initial Quality Study (IQS) released by...
Step for Holding Company Structure
22 June 2017 - 11:45am
Hyundai Mipo Dockyard began to sell all of its stake in Hyundai Robotics Co. to eliminate cross-subsidiary shareholdings.  According to the IB industry on June 21, Hyundai Mipo Shipbuilding Co., Ltd...
LS Mtron’s tractor model MT-125.
Technology Prowess
22 June 2017 - 11:45am
LS Mtron announced on June 21 that the company ranked number one at the "2017 EDA Dealer's Choice Awards" sponsored by the Equipment Dealers Association (EDA) in North America. The EDA, which hosts...
The construction site of Hyundai E&C’s landfill project in the western part of the Tuas area.
Millions Dollar Contracts
22 June 2017 - 11:45am
Hyundai E&C announced on June 21 that the contractor recently received orders for a US$162 million landfill in the west of the Tuas area and a US$74 million landfill in the east of the Changi...
SK Chemical will adopt to a holding company system, considering a plan to spin off its chemical and pharmaceutical divisions in the future.
Via Holding Company System
22 June 2017 - 11:30am
SK Chemical will adopt to a holding company system. Accordingly, a small holding company led by SK Chemical Vice Chairman Chey Chang-won, a cousin of SK Group Chairman Chey Tae-won, will be...
LG Display has decided to fill the entire P10 plant in Paju with organic light emitting diode (OLED) facilities.
Focus on OLED
22 June 2017 - 10:30am
LG Display has confirmed that it will fill the entire P10 plant in Paju with organic light emitting diode (OLED) facilities which will become the company’s next growth engine. According to...
A continuous drop in crude oil prices would lead Korean oil refineries to be subject to facing headwinds.
Facing Headwinds
21 June 2017 - 1:45pm
Domestic refiners and petrochemical industries have been made tense by international oil prices’ continuing decline such as a seven month low. West Texas crude oil (WTI) and Brent crude oil hit US$44...
Korea’s three shipbuilders topped the list kept positions in the order backlog.
Keeping Top Position
21 June 2017 - 1:30pm
Korea’s “Big Three” shipbuilders maintained their world's top three positions in terms of remaining orders (order backlog). According to the June issue of the World Shipyard Monitor released by...
Risk-based Inspection Services
21 June 2017 - 1:30pm
Lloyd’s Register (LR) gained a new contract from S-Oil Corporation (S-Oil) covering the implementation of a fully integrated risk-based inspection (RBI) system, according to an industry resource on...
Kwon Hee-won, CEO of LIG Nex1 (right) and Michel A.G. Peters, CEO of NLR of the Netherlands signed an MOU on the development of a fighter-mounted training system at the Paris Air Show in France on June 19, 2017.
Fighter Training Project
21 June 2017 - 1:15pm
LIG Nex1 announced on June 20 that the company agreed to cooperate with the Netherlands Aerospace Center (NLR) in the field of software for a fighter-mounted training system at the Paris Air Show...

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