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Tuesday, December 12, 2017

Industry

Hyundai Mobis has developed advanced driving technology that can operate in reverse to help drivers back.
Autonomous Reverse-driving Tech
22 November 2017 - 11:45am
Hyundai Mobis announced on November 21 that the company developed advanced driving technology that can operate in reverse to help drivers back without having to use steering wheels separately. This...
The exterior of the first CU convenience store in Tehran, Iran, opened on November 21.
Expansion to Overseas
22 November 2017 - 10:15am
The South Korean convenience store industry is seeking to push into the global market. This is part of its efforts to secure growth by targeting the overseas market as the domestic industry is facing...
During the recent parliamentary inspection of the administration, industry minister Baek Woon-kyu repeatedly said that he would directly sell Korean-type nuclear power plants overseas, apart from a nuclear phase-out policy.
Apart from Nuclear Phase-out Policy
22 November 2017 - 10:00am
Baek Woon-kyu, the Minister of Trade, Industry and Energy of Korea, will visit major nations that may import nuclear power plants such as Britain, France and Czech Republic with Cho Hwan-ik president...
The authorization of Ontruzant in Europe made Samsung Bioepis the company with World’s largest number of biosimilars.
Company with Largest Number of Biosimilars
21 November 2017 - 12:15pm
'Ontruzant' (ingredient name: trastuzumab, project name: SB3), an anti-cancer drug developed by Samsung Bioepis, received the European Commission (EC)’s marketing authorization for the first time as...
Lotte Engineering and Construction (E&C) received the largest number of demerit points over the past three years.
Builders Receiving Penalties
21 November 2017 - 12:00pm
The construction company that received the largest number of demerit points over the past three years due to shoddy construction work was Lotte Engineering and Construction (E&C). Although POSCO...
Hyundai Motor’s next-generation FE fuel-cell electric vehicle.
Regaining Market Leadership
21 November 2017 - 11:30am
Hyundai Motor and its smaller affiliate Kia Motors will regain the leadership in the fuel cell electric vehicle (FCEV) market from Toyota. Hyundai Motor is planning to mass produce hydrogen powered...
Samsung Electro-Mechanics India will be established in Bengaluru, which is referred to as the "Silicon Valley of India,"
Improving High-end Component Competitiveness
21 November 2017 - 11:15am
Samsung Electro-Mechanics announced on November 20 that it is discussing with a local government office for procedures to establish its subsidiary in India next January. As the company’s local office...
The location of the Mumbai Maritime Bridge project site in Mumbai, India, for which Daewoo E&C received a letter of acceptance (LOA) on November 17 (local time).
Even in the Merger Process
21 November 2017 - 11:00am
Daewoo E&C announced that the builder received a letter of acceptance (LOA) on the second package of the Mumbai Maritime Bridge project in Mumbai, India on November 17 (local time). Daewoo E&...
Samsung Engineering applied for dispute arbitration at the ICSID over the Yanbu 3 Power and Seawater Desalination Plant project of Saudi Arabia on November 10.
Applying for ISDS
21 November 2017 - 11:00am
It was confirmed that Samsung Engineering applied for an investor state dispute settlement (ISDS) against the Saudi Arabian government.  According to Samsung Engineering and the International Center...
Hyundai Motor workers and the top management of the company have had five rounds of wage negotiations since November 7.
No Signs of Narrowing Gap
21 November 2017 - 10:00am
According to industry sources on November 20, unionized Hyundai Motor workers and the top management of the company have had five rounds of wage negotiations since November 7 but failed to reach an...
Samsung Electronics is seeking to preoccupy the premium television market for this Black Friday season with QLED TVs while LG Electronics with OLED TVs.
Promotion of Flagship TVs
20 November 2017 - 2:15pm
Samsung Electronics and LG Electronics are seeking to preoccupy the premium television market for this Black Friday season with QLED TVs and OLED TVs, respectively. Samsung Electronics is planning to...
The capital expenditures of 261 companies affiliated to Korea’s 30 largest business groups in January-September period are estimated at 57.8 trillion won (US$52.69 billion), up 42.6 percent from a year earlier.
Centered On IT Industries
20 November 2017 - 2:00pm
Total investment by South Korea's top 30 business groups surged more than 40 percent on-year to about 58 trillion won (US$52.87 billion) this year. Samsung Group, which has Samsung Electronics as an...

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