Industry | BusinessKorea

Monday, October 23, 2017

Industry

A bird’s-eye view of LG home appliance factory in the state of Tennessee, the US.
Scope of Safeguard Targets
16 October 2017 - 4:15pm
According to the electronics industry on October 15, the US International Trade Commission (ITC) will hold a public hearing on relief steps for import washing machines at its Washington office on...
The Korean ETF market is the largest in Asia and the ninth-largest in the world in terms of the number of listed issues.
Skyrocketing Trading Value
16 October 2017 - 11:00am
The Korea Exchange announced on October 15 that the total net assets of ETFs in South Korea, which had stood at approximately 340 billion won (US$in the early stage of the local ETF market in 2002,...
South Korean pharmaceutical and biotech companies are increasingly setting up branches, joint ventures and subsidiaries abroad.
Focusing on Localization
16 October 2017 - 10:45am
An increasing number of South Korean pharmaceutical and biotech companies are setting up branches, joint ventures and subsidiaries abroad. Particularly successful examples include Hanmi...
Minister of trade, industry and energy Baek Woon-kyu answers questions from lawmakers during an audit of the Ministry of Trade, Industry and Energy by the National Assembly on Sept. 13.
Deliberate Ostracism
14 October 2017 - 3:30am
It has been found that even though China's economic retaliation against Korea for the deployment of the THAAD System was continuing, the Korean government judged that China’s retaliation violated...
Samsung Electronics posted 62 trillion won (US$55 billion) in sales and 14.5 trillion won (US$13 billion) in operating profit in the third quarter of 2017.
Up 179.85% from a Year Before
13 October 2017 - 7:45pm
Samsung Electronics announced on October 13 that the Korean electronic and IT giant posted 62 trillion won (US$55 billion) in sales and 14.5 trillion won (US$13 billion) in operating profit through a...
The Korea Development Bank (KDB) announced that the bid deadline was set on November 13 for the sell-off of Daewoo Engineering & Construction Co., Ltd. (Daewoo E&C).
Starting Disposal Process
13 October 2017 - 7:00pm
The announcement was put out for a bid for Daewoo Engineering & Construction Co., Ltd. (Daewoo E&C) on October 13. The bid deadline was set on November 13. The Korea Development Bank (KDB)...
Nuclear power plants I and II in Barakah, United Arab Emirates (UAE) under construction by Korea Electric Power Corporation (KEPCO).
Heated Debate Arisen
13 October 2017 - 4:30pm
At the parliamentary inspection of the Ministry of Trade, Industry & Energy on October 12, participants had a debate over whether the consent of the United States is required for South Korea to...
South Korea’s investment in the US has exceeded that of the US by no less than US$51.4 billion since the FTA ratification in 2011.
3X More Investment
13 October 2017 - 12:30pm
It has been found that the amount of capital invested in the United States by South Korea since the ratification of the KORUS FTA in 2011 totals US$76.4 billion whereas that invested in South Korea...
A ruling Minjoo Party lawmaker claimed South Korea and the United States are conducting a joint research on pyroprocessing in Idaho State, USA, where the spent nuclear fuels is not allowed.
Debate on Nuclear Joint Project
13 October 2017 - 12:15pm
The ruling Minjoo Party lawmaker Yoo Seung-hee, who is a member of the Science, ICT, Broadcasting, & Communications Committee of the National Assembly, claimed on October 12 that South Korea...
Korean companies’ foreign direct investment (FDI) surpassed US$10 billion in the first quarter of this year.
Following Large Companies
12 October 2017 - 9:30pm
According to the Organization for Economic Cooperation and Development (OECD) on October 11, Korean companies’ foreign direct investment (FDI) which had been US$6.159 billion in the first quarter of...
Korean shipbuilders clinched new orders equal to 1.46 million CGTs in September, accounting for 49.2 percent of the total.
Expectation for Rebounding
12 October 2017 - 7:15pm
As the number of orders placed worldwide in September reached the highest this year, South Korean shipbuilders swept half of them. According to the data compiled by British-based research firm...
US-based Applied Materials that supplies semiconductor manufacturing equipment to Korean companies saw a US$925 million net profit in the third quarter this year, up 83.2% from the same period of last year.
Hidden Beneficiary
12 October 2017 - 6:45pm
As the US Trump administration began to put omnidirectional trade pressure on Korea such as prompting a safeguard on Korean-made washing machines along with negotiations over an amendment to the...

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