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Friday, January 19, 2018

Industry

The number of domestic pharmaceutical and biotech companies that are seeking to develop cell therapy products has greatly increased.
Curing Intractable Diseases
19 December 2017 - 12:30pm
According to industry sources on December 18, the number of domestic pharmaceutical and biotech companies that are seeking to develop cell therapy products has greatly increased. There are two...
Eight local banks, Korea Asset Management Corporation and K-Growth signed a memorandum of understanding on Dec. 18 to invest 500 billion won (US$459.35 million) in the master fund of the business structure innovation fund.
For Change in Restructuring Frame
19 December 2017 - 11:45am
The master-feeder “business structure innovation fund” will be launched in the first half of next year to change the corporate restructuring frame from the government-centered to market-centered....
KOGAS Acting President Ahn Wan-gi (left) and CNPC President Zhang Jianhua pose pose after signing an MOU for cooperation in natural gas business in Beijing on Dec. 15.
S. Korea-China Cooperation in Gas Sector
19 December 2017 - 11:00am
Korea Gas Corporation (KOGAS) signed a memorandum of understanding (MOU) with China National Petroleum Corporation (CNPC) in Beijing on December 15 for cooperation in natural gas business. CNPC,...
SM Line is planning to open routes to the east and west coasts of the US while proposing a cooperation with Hyundai Merchant Marine (HMM) in the first half of next year.
Opening New Routes to US
19 December 2017 - 10:45am
SM Line is planning to open routes to the east and west coasts of the US in the first half of next year. "We are proposing various cooperation measures including joint operations with Hyundai...
A total of 203.6 billion won is invested for R&D in the nuclear industry next year and approximately one-third of the investment is spent on nuclear power plant safety, security and decommissioning technology.
Nuclear Power R&D Direction
19 December 2017 - 10:30am
The Ministry of Science and ICT released the South Korean government’s nuclear technology development plan for next year on December 18. According to the plan, a total of 203.6 billion won (US$183...
Minister of Trade, Industry and Energy Baek Woon-kyu (left in the front row) and Minister of SMEs and Startups Hong Jong-hak (right in the front row) at a National Assembly meeting on December 18
New Administration’s 1st Industrial Policy
19 December 2017 - 10:15am
The Ministry of Trade, Industry and Energy reported the direction of the government’s industrial policy to the National Assembly on December 18. According to the policy, electric and autonomous...
Enjoying Tax Benefits
19 December 2017 - 10:00am
About 1 in 10 affiliates of South Korea's top 10 business groups are listed as companies invested by foreigners or foreign corporations that are eligible for tax and other benefits. Under the Foreign...
The U.S. National Taxpayers Union urged the US government not to apply Section 232 of the Trade Expansion Act of 1962 to imported steel products.
Taxpayers’ Interest
19 December 2017 - 9:15am
The U.S. National Taxpayers Union urged the U.S. Department of Commerce not to apply Section 232 of the Trade Expansion Act of 1962 to imported steel products, according to industry sources on...
Responding to Global Regulations
18 December 2017 - 10:45am
Hyundai Heavy Industries (HHI) is stepping up its efforts to preempt the "liquefied natural gas (LNG)-powered ship" market, while responding to tougher global environmental regulations. HHI announced...
The Ontario Project, which has been led by Samsung C&T since 2010, is to build wind and solar power generation plants in 10 areas located in Ontario, Canada.
‘Ontario’ Project
18 December 2017 - 10:30am
According to Samsung C&T on December 17, North Kent Wind One is scheduled to be completed in May next year. It is the 10th and last subproject of the Canada Ontario Project, which is the largest...
The demand of memory chips, such graphics processing unit (GPU) and DRAM, as well as high performance computer that is a digger needed to collect the digital currency, are on the rise.
Cryptocurrency and Semiconductor
18 December 2017 - 10:15am
The cryptocurrency craze all around the world is bringing up the increased demands of memory chips. According to industry sources on December 17, the demand of memory chips, such graphics processing...
The US trade court ruled that the price of Korea’s industrial electricity price is not a special favor for the price of Korean steels.
Not Benefiting from Electricity Price
18 December 2017 - 9:30am
The U.S. Court of International Trade (CIT) ruled, on December 15 (local time), that South Korea’s industrial electricity price does not benefit as a subsidy in the lawsuit which Maverick Tube...

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