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Monday, May 01, 2017

Industry

KEPCO and Samsung Electronics will jointly develop peak management pilot projects using smart home appliances and the Internet of Things (IoT) in the energy sector.
New Market Creation
28 April 2017 - 6:15pm
Korea Electric Power Corporation (KEPCO) announced that it has signed a memorandum of understanding (MOU) with Samsung Electronics at the Samsung Electronics headquarters in Seocho-gu, Seoul, on...
The Marine Finance Center has lowered the minimum cost of offshore plant construction projects subject to mandatory feasibility studies from US$500 million to US$300 million.
Marine Financing Assistance
28 April 2017 - 6:00pm
The Marine Finance Center of South Korea announced on April 27 that it has lowered the minimum cost of offshore plant construction projects subject to mandatory feasibility studies from US$500...
Daewoo Shipbuilding & Marine Engineering (DSME) turned a profit for the first time in 17 quarters in the first quarter of this year.
Turning to Profit
28 April 2017 - 6:00pm
Daewoo Shipbuilding & Marine Engineering announced on April 27 that it turned a profit for the first time in 17 quarters in the first quarter of this year, when its sales, operating profits and...
Hanwha Techwin will be divided into four companies – its surviving entity and its three subsidiaries tentatively called Hanwha Dynamics, Hanwha Power System and Hanwha Precision Machine.
For Enhancing Competitiveness
28 April 2017 - 5:00pm
Hanwha Techwin will spin off its defense, energy equipment and industrial equipment business units into three subsidiaries. Once the spin-off is completed, Hanwha Techwin will be divided into four...
The stock prices of Samsung Electronics hit another record high despite its decision of not becoming a holding company.
Due to Triple Favorable Factors
28 April 2017 - 4:45pm
Although Samsung Electronics has decided not to become a holding company, its stock prices hit another record high with triple factors – higher earnings, plan to cancel the company's treasury shares...
POSCO Gwangyang Steelworks has completed an automotive steel sheet production facility dedicated to giga steel for the first time in the world.
World’s First Giga Steel
27 April 2017 - 7:00pm
POSCO Gwangyang Steelworks has completed an automotive steel sheet production facility dedicated to giga steel for the first time in the world. The steelworks achieved such outcome in 30 years after...
Lotte Group will conduct equity spin-off in order to divide its four major subsidiaries.
Holding Company
27 April 2017 - 4:30pm
The Lotte Group announced on April 26 that it would conduct equity spin-off in order to divide its four major subsidiaries that hold the majority of shares in its non-listed subsidiaries – Lotte...
Hanmi Pharmaceutical's headquarters building
Stock Information Leaked
27 April 2017 - 4:15pm
Suspended sentences were given to employees of Hanmi Pharmaceutical for allegedly releasing Hanmi Pharmaceutical’s stock information in advance and selling off its stocks in advance. On April 6, the...
The sales of Daewoo Engineering & Construction (Daewoo E&C) in 2016 increased 3.2 percent to 64 trillion won (US$2.34 billion) from 2.56 trillion won (US$2.27 billion) in 2015.
Record-high Performance
27 April 2017 - 10:15am
Daewoo Engineering & Construction announced on April 25 that it posted 2.64 trillion won (US$2.34 billion) in sales, 221.1 billion won (US$196.01 million) in operating profit and 191.9 billion...
South Korea recorded an export volume index of 151.26 last month, up 4.9% from a year ago
Export Index
27 April 2017 - 10:00am
The Bank of Korea announced on April 25 that South Korea recorded an export volume index of 151.26 last month, up 4.9% from a year ago. The index that shows the total amount of products exported from...
Cho Hyun-joon, Chairman of Hyosung Group.
Breaking Record
27 April 2017 - 9:45am
Hyosung announced on April 25 that it posted 2.87 trillion won (US$2.54 billion) in sales and 232.3 billion won (US$205.48 million) in operating profit in the first quarter. The sales figure...
‘Yap Inside’
27 April 2017 - 9:45am
YAP Global, a corporation dedicated to YAP Company's overseas business, announced on May 25 that it has signed a memorandum of understanding (MOU) on carrying forward with “YAP Inside” Strategy with...

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