Industry | BusinessKorea

Tuesday, December 12, 2017


Cheil Industries’ Executive Vice President Lee Seo-hyun (left), second daughter of Samsung Group Chairman Lee Kun-hee (center), and his eldest daughter Lee Boo-jin (right), president of Hotel Shilla and Samsung Everland.
Regrouping of Samsung Family Business
24 September 2013 - 2:12pm
Cheil Industries’ apparel business, headed by Executive Vice President Lee Seo-hyun, the second daughter of Samsung Group Chairman Lee Kun-hee, will be transferred to Samsung Everland led by Lee Boo-...
Shipbuilding Industry
23 September 2013 - 5:59pm
The global drill ship market is shrinking this year to drag down the profits of major Korean shipbuilders. The order quantity and unit cost are all declining at the same time.  According to industry...
The world's tallest hotel, the Park Hyatt Shanghai, at sunset. It is the building with the handle on top.
23 September 2013 - 5:41pm
With the recent “World's First Invisible Tower” report by CNN generating more interest on skyscrapers, high-rise hotels are drawing attention as well.  What is the tallest hotel in the world where...
POSCO developed and commercialized FINEX technology in 2007 in cooperation with Siemens.
Steel Technology
23 September 2013 - 5:31pm
The world’s third-largest steel maker is expected to export its FINEX technology to China. POSCO signed a memorandum of agreement (MOA) on September 22 to construct a FINEX steel mill of an annual...
Samsung Group
23 September 2013 - 4:48pm
Samsung Group continues to grow despite the global economic crisis and the domestic recession, marking 300 trillion won (US$278 billion) in annual sales.  According to Samsung Group on September 21,...
Mamirobot manufactures small, Roomba-esque automatic vacuum cleaners.
Trademark Registration
23 September 2013 - 3:09pm
Mamirobot, a robot cleaner manufacturer, is having trouble exporting its products to the United States due to a mistake in the trademark registration process.  According to industry sources, the...
Act on Chemicals
23 September 2013 - 2:29pm
Those in the business world are greatly concerned over the implementation of the Act on the Registration and Evaluation of Chemical Substances. Particularly, they are anxious about the huge costs...
STX Finland’s Rauma shipyard’s dock, pictured here, measures 260 x 85 meters.
STX Restructuring
23 September 2013 - 2:16pm
Finland's national public-broadcasting company announced on September 16 (local time) that STX Finland will close its Rauma shipyard. As part of the STX Finland restructuring, functions at the Rauma...
Hyundai Samho Heavy Industries’ shipyard, located in Samho-eup, Yeongam, South Korea.
Shipping Industry Financing
23 September 2013 - 10:42am
On September 17, Korea Development Bank (KDB) announced it arranged a shipping finance fund of US$216 million for Polaris Shipping, a company which makes the world’s largest Very Large Ore Carrier (...
Global Infrastructure Fund
17 September 2013 - 3:26pm
POSCO E&C, SK E&C, and Hyundai Amco have been selected as the beneficiaries of the overseas construction project feasibility studies in the Third Global Infrastructure Fund (GIF).  The Korean...
An artist's impression of an evening view of Infinity Tower to be built in Incheon.
Invisible Tower
17 September 2013 - 11:57am
An invisible building will be constructed in the international business district in Cheongna, Incheon City. According to Korea Land & Housing Corporation (LH) on September 16, LH is pushing...
POSCO Energy
17 September 2013 - 11:38am
POSCO Energy announced on September 16 that it will move forward with the world's first fuel cell project by using boil-off gas (BOG) that comes from LNG production facilities.  The energy affiliate...


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