Industry | BusinessKorea

Monday, December 11, 2017

Industry

An increasing number of shipping companies are recently seeking to place orders to construct the liquefied natural gas (LNG) carrier.
Trying to Get Contracts
1 December 2017 - 10:45am
As an increasing number of shipping companies are recently seeking to place orders to construct the liquefied natural gas (LNG) carrier, expectations are growing among South Korea’s three largest...
A trend favoring well-being food in the world has steadily pulled up demand for dried laver with low calories
Capturing Tastes
30 November 2017 - 11:15am
Korean dried laver is capturing the tastes of people around the world. According to the Korea Customs Service on November 29, dried laver exports in the first ten month of this year amounted to US$...
A 3D printed facial mask produced AmorePacific. (photo courtesy: AmorePacific)
Customized Facial Mask
30 November 2017 - 10:45am
AmorePacific has unveiled its customized facial mask “Tailored Mask.” The company released “My Two-tone Lip Bar” lipstick, the first tailor-made cosmetics product in the domestic industry, in August...
Hyundai Motor has decided to hold unionized workers accountable for their recent strike.
Holding the Union Responsible
30 November 2017 - 10:45am
Hyundai Motor Company said on November 29 that it would hold unionized workers accountable for their recent strike. The strike at the company’s manufacturing plant in Ulsan City started on November...
An image of Singapore’s first double-deck underground expressway that will be built by Samsung C&T. (photo courtesy: Samsung C&T)
First of Its Kind
29 November 2017 - 11:45am
Samsung C&T said on November 24 that it won the project for the construction of the first double-deck underground expressway in Singapore. The bid price was 809.35 million Singapore dollars....
Samsung Display chalked up a market share of 42.7% in the global smartphone display market with US$ 5.03 billion in sales, showing an overwhelming competitive edge.
Dwarfing Other Display Makers
29 November 2017 - 11:30am
Samsung Display strengthened its dominance in the smartphone display market where the company recorded the best performance ever, and solidified its top spot with super big gaps with other display...
Staff of AK-Shanghai Trading Limited pose at the office in Minhang District, China. (photo courtesy: Aekyung)
Expanding Business in China
29 November 2017 - 11:30am
Aekyung Industrial Co., a major South Korean household and personal care products maker, announced on November 28 that it has established an affiliate in China as part of its plan to tap deeper into...
Kim Hong-sang (right), executive director of Nexen Tire, poses with Martin Muschiolik (left), executive director and board member of Dekra, after receiving ISO 22031 on November 28. (photo courtesy: Nexen Tire)
Getting Int’l Standard
29 November 2017 - 11:15am
Nexen Tire Corp. announced on November 28 that it has established a “business continuity management system (BCMS)” and obtained an international standard certificate “ISO 22301” from global...
The Supreme Court of South Korea dismissed the re-appeal regarding the fine of 1.0311 trillion won (US$900 million) imposed by the Korea Fair Trade Commission.
Qualcomm Faces Huge Penalty
29 November 2017 - 11:00am
The Supreme Court of South Korea dismissed the re-appeal regarding the request for a stay of execution made by Qualcomm, Qualcomm Technologies Inc., and Qualcomm CDMA Technologies Asia-Pacific Pte...
Baek Woon-kyu (right), minister of industry and energy of Korea, and his counterpart Gregg Clark, head of the Department for Business, Energy & Industrial Strategy (BEIS) of the UK pose in London on November 27 (local time).
UK Nuclear Power Plant Project
29 November 2017 - 11:00am
A countdown began for KEPCO’s landing Moorside Power Plant order from UK. The Korean and UK governments signed a memorandum on cooperation in order to remove obstacles that may arise in licensing and...
The Korea Fair Trade Commission (KFTC) told Maersk to withdraw from the consortium regarding the sea route between Far East Asia and the Caribbean Sea and Central America
Maersk Fails in M&A Approval
29 November 2017 - 10:45am
The Korea Fair Trade Commission (KFTC) applied its antitrust regulations to Maersk like its European and Chinese counterparts did earlier. Multiple countries’ sanctions on Maersk, which is...
Real Intention?
29 November 2017 - 8:45am
Kumho Asiana Group Chairman Park Sam-koo officially declared that he has no intention to reacquire Kumho Tire. He seemed to hold an unscheduled press conference in order to settle a conflict with the...

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