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Wednesday, October 18, 2017

Industry

Samsung Electronics and LG Electronics are likely to enjoy a substantial increase in sales for the time being as the U.S. government suggested deregulations regarding autonomous cars.
Minimum Safety Evaluation
25 September 2017 - 12:15pm
On September 12, the U.S. government suggested new guidelines regarding autonomous cars in order to accelerate the growth of the autonomous car industry by means of deregulation. According to the new...
Import restrictions on solar cells have been opposed by none other than the Solar Energy Industries Association of the United States.
Negative Impacts Expected
25 September 2017 - 11:15am
On September 22, the United States International Trade Commission (USITC) unanimously determined that safeguard measures are necessary with regard to solar cells imported from countries such as South...
Park Jung-hyuk at Samsung Life Insurance was elected to the 15-member Transitional Resource Group (TRG) to review IFRS17.
One of Three TRG Asian Members
24 September 2017 - 7:15pm
Park Jung-hyuk, a chief at Samsung Life Insurance, was elected to the 15-member Transitional Resource Group (TRG) which was set up by the International Accounting Standards Board (IASB) to give them...
A drilling company of the US is in the process of negotiating the construction of two large drillships with CMHI, a shipbuilding and offshore engineering company of China
Closing In on Korean Counterparts
24 September 2017 - 6:30pm
The Chinese shipbuilding industry has its eyes on the drillship market which has been dominated by Korean shipbuilders. As the Korean shipbuilding industry is still reeling from an impact from losing...
Hyosung Good Springs CEO Lim Woo-seop (fifth from left in the front row), Tech One CEO Jung Boong-ik (sixth from left) and K-Water president Lee Hak-soot (eighth from left) are posing for a photo shoot.
Supporting for Water Industry
22 September 2017 - 11:30pm
Hyosung announced on September 21 that the company will sign an MOU on supporting the overseas expansion of small and medium-sized enterprises (SMEs) in the water industry with K-water and 39 SMEs....
Samsung Heavy Industries (SHI) has developed and localized an LNG regasification system for LNG-FSRU.
Core Part for LNG-FSRU
22 September 2017 - 2:00pm
Samsung Heavy Industries (SHI) has developed and localized an LNG regasification system, which is core equipment for LNG-FSRU (Floating, Storage and Regasification Unit) with its own technology. SHI...
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has clinched a 926.6 billion won (US$817.11 million) deal from a European shipping firm to build five 22,000-TEU container vessels.
Largest in Two Years
22 September 2017 - 2:00pm
Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on September 21 that it has clinched a 926.6 billion won (US$817.11 million) deal from a European shipping firm to build five 22,000-...
Hyundai Motor Vice Chairman Chung Eui-sun and Zhang Guoqing, mayor of Chongqing, looking around Hyundai’s manufacturing facility in the Chinese city on July 19
Challenges Ahead
22 September 2017 - 10:00am
The South Korean automobile industry is undergoing a sea change. The Hyundai Motor Group is increasing its overseas production and the industry’s growth is slowing down. Non-automakers such as...
The court’s ruling in favor of the Kia Motors Labor Union in the normal wage lawsuit leads to decreases of wages of labors.
Paradox of Ordinary Wages
22 September 2017 - 9:45am
As the Kia Motors Labor Union won the ordinary wage lawsuit, rather wages of workers decreased. Kia Motors has decided to halt overtime since the ruling. This will lead to a 3% decrement in annual...
A total of 15 South Korean companies made the Fortune Global 500 list this year, which was the same as last year while 10 Chinese companies joined newly the list.
Losing Dynamics
21 September 2017 - 1:45pm
A total of 15 South Korean companies made the Fortune Global 500 list this year, which was the same as last year. Four companies saw their rankings go up from last year, while 10 companies saw theirs...
LG CNS signed an agreement with ATEC to sell its automated teller machine (ATM) business unit on September 6.
Selling Unprofitable Business
21 September 2017 - 1:45pm
According to investment banking industry sources, LG CNS signed an agreement with ATEC to sell its automated teller machine (ATM) business unit on September 6. Considering the fact that the division...
Hyundai Motor’s 500 Xcient heavy-duty truck
Export of Trucks
21 September 2017 - 1:30pm
Hyundai Motor Co., South Korea’s leading automaker, will supply 500 Xcient heavy-duty trucks to Indonesia. It is the firm’s largest truck supply deal. Hyundai Motor announced that Lee In-cheol,...

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