Industry | BusinessKorea

Sunday, February 25, 2018


(From left) Wanchai, head of the TTCL Business Division, Supattanapong, CEO of PTTGC, Choi Sung-an, CEO of Samsung Engineering are showing contract documents at Lotte Hotel in Seoul on Jan. 23.
Petrochemical Project in Thailand
25 January 2018 - 11:00am
Samsung Engineering will construct an olefin plant, a basic raw material for petrochemicals at the Map Ta Phut Industrial Complex in Rayong City about 150km southeast of Bangkok, Thailand. Samsung...
Lotte Home Shopping is planning to withdraw from the Chinese market.
Korean Retailers in China
25 January 2018 - 10:45am
According to industry sources on January 24, Lotte Home Shopping is planning to withdraw from the Chinese market and many other South Korean retailers in China are likely to follow suit due to its...
Korean brain efflux leads Korean technology to be leaked through Korean workers who take new jobs in China
Raising Red Flags
25 January 2018 - 10:30am
There has been an outflow of human resources from Korean rear industries such as semiconductors, display materials, parts and equipment which are having trouble finding human resources. Just as...
Samsung Electronics and LG Electronics will suffer a direct hit to their exports of washing machines by the U.S. government’s safeguard measures.
Simulation of Loss Estimates
25 January 2018 - 10:00am
Eugene Investment said on January 24 that the U.S. government’s safeguard measures against South Korean washing machines can result in an annual loss of up to US$350 million in Samsung Electronics’...
A wearable robot for back support being developed by the Hyundai Motor Group.
Signaling Possibility of Cutting Human Laborers?
24 January 2018 - 12:00pm
The Hyundai Motor Group will introduce wearable robots to automobile production lines late this year. This will mark the first time that a wearable robot is put into an automobile production line in...
Base Undermined Rapidly
24 January 2018 - 11:00am
A harsh restructuring is causing the shipbuilding industry's skilled workers to leave the shipbuilding industry in drove. According to the Korea Offshore and Shipbuilding Association, the number of...
Hoban Construction, which was chosen as a preferred bidder for the stake in Daewoo Engineering & Construction (Daewoo E&C) will acquire 40 out of the 50.75 percent stake for cash first.
A Preferential Deal?
24 January 2018 - 10:45am
Hoban Construction Co. was chosen as a preferred bidder for the stake in Daewoo Engineering & Construction Co. on January 23 on the condition of providing interest and security to the Korea...
LG Display’s capital expenditure for this year is planned to total nine trillion won (US$8.1 billion) and the company is planning to invest 20 trillion won (US$18 billion) in its OLED business until 2020.
Aggressive Investment
24 January 2018 - 10:45am
LG Display announced on January 23 that its sales and operating profit totaled 27.79 trillion won (US$25.0 billion) and 2.46 trillion won (US$2.2 billion) last year, respectively. Although the annual...
The washing machines exported to the U.S. by Samsung Electronics and LG Electronics, which amount to three million units worth US$1 billion in total, are subject to import tariffs without exception.
Worst Case Comes True
24 January 2018 - 9:15am
U.S. Trade Representative Robert Lighthizer announced on January 22 that U.S. President Donald Trump decided to impose safeguard measures on washing machines and solar panels imported from South...
SsangYong G4 Rexton has been selected as the 4WD Car of the Year in Britain by the 4X4 magazine.
4WD Car of the Year
23 January 2018 - 12:00pm
SsangYong Motor Company announced on January 22 that its G4 Rexton has been selected as the 4WD Car of the Year in Britain by the 4X4 magazine. The British magazine, which has a history of 25 years...
Jumbo Bus Group Chairman Fan Shuihuang (fourth from the left) posed for a picture with senior managing director Woo Byeong-il, head of the China business of Hankook Tire.
Sole Supplier of Jumbo Bus Tires
23 January 2018 - 11:45am
Hankook Tire announced on January 22 that it signed a memorandum of understanding (MOU) with Jumbo Bus Group, one of the largest private bus companies in China, to supply its SINGDA tire for use in...
Daewoo Shipbuilding & Marine Engineering (DSME) bought DeWind for 140 billion won (US$131.16 million) in 2009 but now it is able to retrieve only one hundredth of the investment.
Just Retrieving One Hundredth of investment
23 January 2018 - 11:30am
Daewoo Shipbuilding & Marine Engineering Co. (DSME) will completely withdraw from wind power business after selling its wind power subsidiary DeWind. The company’s dreams to turn into a global...


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