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Sunday, February 25, 2018

Industry

Location map of the Long Son Petrochemical Complex in Vietnam.
$2 Billion Project in Vietnam
2 February 2018 - 11:00am
SK E&C announced on February 1 that the builder won an ethylene plant construction project which is the largest of the Long Son Petrochemical Complex project (about 5.78 trillion won) in Vietnam...
The ratio of domestic airlines’ operational leases is on the rise every year, .increasing from 40.8 percent in 2010 to 54.3 percent in September last year.
Solely Depending on Foreign Leasing Firms
2 February 2018 - 11:00am
South Korean airlines are paying about 3 trillion won (US$2.8 billion) of annual lease fees to overseas leasing companies in order to introduce new aircrafts due to the fact that there is no leasing...
Hyundai Motor India is going to re-release the Santro model in India in four years
Additional Investment
2 February 2018 - 10:15am
Hyundai Motor India announced on January 30 that it would invest more than US$1 billion in the local market to develop new cars, develop next-generation power trains, build new buildings, and so on....
POSCO is planning to work on steel materials harder and lighter than nonferrous metals for the automotive steel sheet sector whereas Hyundai Steel is going to focus on combinations incorporating aluminum, CFRP and so on.
Different Strategies
2 February 2018 - 9:45am
POSCO and Hyundai Steel have come up with different strategies and predictions about the future of the automotive steel sheet sector. POSCO is planning to work on steel materials harder and lighter...
CJ HealthCare CEO Kang Seok-hee (right) and NCPC GeneTech Biotechnology CEO Ma DongJie signed a contract for technology transfer regarding CJ-40001in Shijiazhuang, China on January 30.
Bio-technology Export
1 February 2018 - 11:30am
CJ HealthCare announced on January 31 that it signed a contract with NCPC GeneTech Biotechnology to export CJ-40001, a second-generation erythropoietin (EPO) biosimilar. According to the contract, CJ...
In 2017, the rapid growth of exports of environment-friendly cars such as light cars ramped up exports of passenger cars in three years.
Amid Car Exports Shrinking in Q4
1 February 2018 - 11:00am
In the fourth quarter of last year, overseas inventory adjustments pulled down passenger car exports in about a year. On the other hand, last year, the rapid growth of exports of environment-friendly...
LG Electronics and Honeywell will jointly develop next-generation security solutions for the entire range of security for self-drive cars.
LG-Honeywell Cooperation
1 February 2018 - 11:00am
LG Electronics announced on January 31 that the company recently signed an agreement with Honeywell to jointly develop security solutions for next-generation vehicles. Vehicle security is garnering...
Samsung Electronics’ foundry business expects to be a No. 2 in the global market this year, boosted by a rapid increase in demand for semiconductors for cryptocurrency diggers.
Due to Cryptocurrency Frenzy
1 February 2018 - 9:30am
Samsung Electronics announced that its foundry business expects to be a No. 2 in the global market this year, boosted by a rapid increase in demand for semiconductors for cryptocurrency diggers. The...
Hyundai Mobis recently set up the internal policy to boost its component sales for environmentally friendly cars from 1.2 trillion won (US$1.12 billion) in 2017 to 3 trillion won (US$2.8 billion) by 2020.
Expanding Components for Green Cars
31 January 2018 - 10:30am
Hyundai Mobis Co. will expand its sales of components for environmentally friendly cars, including electric cars and hydrogen powered cars, from 1.2 trillion won (US$1.12 billion) in 2017 to 3...
The size of Korea’s import car market was 76% of Japan in 2017.
Growing Fast
31 January 2018 - 10:00am
Last year, the size of Korea’s import car market was 76% of Japan. The Japan Automobile Importers Association (JAIA) announced that in 2017, the number of import cars registered in Japan climbed 3.7...
WeMakePrice, Tmon to Go Ahead with Payment with Crytocurrencies
Cryptocurrencies for Use in E-commerce
30 January 2018 - 7:15pm
Korea’s leading online shopping companies such as WeMakePrice and Tmon are moving ahead with the introduction of cryptocurrency payment. When the two big online shopping malls introduce virtual money...
Jobs in the US are disappearing rather than increasing because of massive tariffs on photovoltaic products.
US Safeguard Backfires
30 January 2018 - 7:00pm
US President Donald Trump's protectionism has emerged as the most threatening risk in the global economy, in particular, because of massive tariffs on photovoltaic products. President Trump has been...

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