Industry | BusinessKorea

Wednesday, October 18, 2017


Led by Supply
10 October 2017 - 11:15am
Prices of petrochemical products are shooting up altogether. Analysts say that unlike the past when demand picked up sharply due to global economic booms, demand did not gain significantly, but...
Kim Hyung-jung (center), head of Hyundai Motor Company Europe, posed with Korean Ambassador to the Netherlands Lee Yoon-young (left) and Amsterdam alderman Pieter Litjens after the Ioniq Car Sharing Service Launching Ceremony in Amsterdam.
Exit from Slow Sales?
9 October 2017 - 3:45pm
Hyundai Motor Company announced on October 8 that it held the Amsterdam Ioniq Car Sharing Service Launching Ceremony on October 5 (local time) at the National Museum of Amsterdam. 100 Ioniq Electrics...
The number of outbound local tourists almost doubled that of the foreign inbound travelers to Korea.
Travel Account Deficit
9 October 2017 - 3:30pm
The Korea Tourism Organization (KTO) announced on October 8 that a total of 8,864,182 foreigners visited South Korea for the first eight months of this year, down 22.8% from a year ago, whereas 17,...
The overseas spending in the first half of this year swelled 9.9% from the previous year while the spending in the second half of last year gained by 7.3% year on year.
Spending in Overseas
9 October 2017 - 3:30pm
It has been found that in the past one year, Koreans spent more than 30 trillion won (US$27 billion) in foreign countries. According to Korean households’ final consumer spending statistics in the...
Officials from South Korea and the US are discussing pending FTA issues in the second special session of the Korea-US Joint FTA in the USTR Office in Washington D.C. in the morning of October 4 (local time).
Korea-US FTA
9 October 2017 - 3:15pm
Korea's trade negotiator Kim Hyun-jong is discussing pending FTA issues in the second special session of the Korea-US Joint FTA Committee with the participation of officials from both sides including...
Korean conglomerates are trying to transform into a holding firm structure
Transitions into Holding Companies
9 October 2017 - 2:00pm
As Korean conglomerates are transforming into holding firms, methods to dispose of equities in financing subsidiaries are emerging as a key to the success of their transitions into holding companies...
Samsung Electronics and LG Electronics are expected to emphasize that if the safeguard is sparked off, consumers will have limited choice and that product prices will rise.
Korean Washing Machines
9 October 2017 - 1:45pm
There is growing interest in how much damage will be done to Samsung Electronics and LG Electronics by the US International Trade Commission (ITC)'s judgment that Korean washing machines were causing...
Korean exporters’ surprise performances were attributable to a rise in working days and customs clearance prior to the start of a long Chuseok holiday period.
Surprise Performance
5 October 2017 - 12:30pm
Korea’s September exports high a record high since records began thanks to brisk exports of key products such as semiconductors and steel. However, there is also analysis that Korean exporters’...
Langdong of Hyundai Motor ranked first in D segment (middle-sized category) in this year’s J.D. Power Initial Quality Survey.
Showing Off Top Quality
29 September 2017 - 12:30pm
Hyundai Motor Company and Kia Motors ranked first and second as mass-market brands in China in this year’s J.D. Power Initial Quality Survey, respectively. The survey was conducted on 251 models of...
LG Hausys’ exhibition hall at the Vietbuild.
Establishing Base in Vietnam
29 September 2017 - 12:15pm
LG Hausys, a South Korean construction material supplier, has completed establishing its Vietnam office and has started to participate in local exhibitions devoted to construction materials as part...
The KDB is planning to retain its stake in GM Korea for the time being.
Blocking GM from Leaving
29 September 2017 - 11:45am
The Korean government decided not to sell the Korea Development Bank (KDB)’s stake in GM Korea. The decision was made in order to prevent GM from withdrawing from the Korean market by arbitrarily...
The Korean government is going to increase the number of new drug candidates developed by South Korean companies by 100 by 2026.
New Drug Development
28 September 2017 - 4:30pm
The South Korean government held a meeting on September 27 and finalized its biotechnology development plan for the period of 2017 to 2026. According to the plan, the government is going to increase...


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