Industry | BusinessKorea

Sunday, February 25, 2018


The Korea National Oil Corporation is the national oil and gas company of South Korea, operating oil and gas fields in Vietnam, Libya, Peru, Indonesia, Nigeria, Yemen, Kazakhstan, Russia, Canada, and South Korea.
Energy Usage
30 January 2014 - 3:58pm
SEOUL, Jan. 30 (Yonhap) -- South Korea's oil consumption fell for the first time in five years in 2013, as the country used more electricity and city gas to meet its heating and miscellaneous energy...
Competing Component Suppliers
29 January 2014 - 3:23pm
Samsung Electro-Mechanics and LG Innotek, the component-manufacturing subsidiaries of the Samsung and LG Groups, respectively, announced less-than-expected Q4 business results. However, market...
The SK Hynix plant in Icheon City.
Triple Crown
29 January 2014 - 2:12pm
SK Hynix, which joined SK Group in February 2012, achieved its highest-ever annual figures for sales, gross operating profit, and net profit in 2013.  The Korean chip-maker announced on January 28...
The 2014 Hyundai Genesis.
Auto Design
29 January 2014 - 1:55pm
SEOUL, Jan. 29 (Yonhap) -- Hyundai Motor Group, the world's fifth-largest automotive conglomerate, said Wednesday its new Genesis premium sedan and the second generation Soul boxy compact received...
CEO Change
28 January 2014 - 3:21pm
KT Chairman Hwang Chang-kyu officially took office as the CEO of KT on January 27.  “I will combine my experience in the global business field and know-how in national R&D projects with the day-...
Steel plates under production in POSCO’s Gwangyang Steel Works.
Hot Plates
28 January 2014 - 2:30pm
POSCO, Hyundai Steel, and Dongkuk Steel are fiercely vying to dominate the thick plate market. Hyundai Steel increased its production volume last year to put pressure on POSCO, and Dongkuk Steel is...
LG's headquarters building, the LG Twin Towers in Youido, Seoul, South Korea.
Rebirth of LG
28 January 2014 - 12:37pm
With LG Electronics’ TV and smartphone businesses reviving, the company is winging for rebirth.  The Korean tech giant announced on January 27 that it posted 14.9153 trillion won (US$13.8265 billion...
GM Korea's Gunsan plant.
Awkward Situation
28 January 2014 - 12:13pm
The conflict over restructuring between the unions and management of GM Korea is deepening. It stems from the fact that the labor union is against job cuts amid a reduction in manufacturing output....
Several different models of Android phones.
Solid Partnership
27 January 2014 - 6:07pm
Samsung and Google have struck a comprehensive agreement to share each other’s patent licenses. They announced on January 27 that the two companies have agreed to not only cross-license existing...
Samsung’s Slump
27 January 2014 - 5:45pm
Samsung’s poor performance during Q4 2013 has cast a dim outlook for the future. Samsung smartphones, which have spearheaded Samsung Electronics’ growth, seem to have reached a peak, and the stagnant...
Amplified Uncertainty
27 January 2014 - 3:46pm
The stock price of Samsung Electronics fell from close to 1.5 million won (US$1,383) to 1.3 million won (US$1,199) between December 2013 and January 25, 2014. At present, even its executive members...
IBM’s x86 Server Business
27 January 2014 - 3:19pm
Chinese PC maker Lenovo, the top-ranked PC maker in the world, announced on January 24 that it made a decision to purchase part of IBM’s x86 server unit for US$2.3 billion. IBM is going to hand over...


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