Industry | BusinessKorea

Sunday, March 18, 2018


The Fair Trade Commission (FTC) of Korea found that Benz-Mercedes Korea took advantage of dealers by lowering the ratio of their “fixed margins” or forcing them to order 1.5 times more cars than they need.
Taking Advantage for More Margins
12 February 2018 - 12:15pm
The Fair Trade Commission (FTC)of South Korea investigated Benz-Mercedes Korea and confirmed the most of facts that the official importer of Mercedes Benz cars took advantage of dealers by lowering...
Koo Young-ki, head of Hyundai Motor India is introducing the electric car Ioniq at the 'Auto Expo 2018' (Delhi Motor Show) in Greater Noida near New Delhi, India.
First Korean EV in India
12 February 2018 - 10:15am
According to the automobile industry on February 11, Hyundai Motor is planning to launch nine models including electric cars by 2020, and will assemble and produce electric cars locally beginning...
Survival Based On Economic Scale
12 February 2018 - 10:15am
Hyundai Merchant Marine, virtually the only large ocean-going shipping company of Korea will start ordering ultra-large vessels that can transport 22,000 20-foot containers beginning next month at...
The South Korean government may be forced to consider plan B such as purchase of GM Korea’s plant in Gunsan that may be left by GM.
What Should Come First?
12 February 2018 - 9:30am
A tug of war between the General Motors headquarters and the South Korean government over GM Korea’s survival has been resumed in nine years. GM is claiming that it has no choice but to withdraw from...
The cover of the Sustainable Buildings and Infrastructure.
Sustainability in Construction Sector
9 February 2018 - 12:15pm
Hanmi Global Co. announced on Feb. 8 that it has published the second English edition of Sustainable Buildings and Infrastructure, a book that provides the trend of the global eco-friendly...
Hankook Tire’s sales rose largely due to the growth in sales of tires that are larger than 17 inches.
Improving Premium Image
9 February 2018 - 12:00pm
Hankook Tire Co. announced on Feb. 8 that it posted 6.81 trillion won (US$6.21 billion) in sales and 793.7 billion won (US$723.85 million) in operating profits last year. Its sales grew 2.9 percent...
Japan Diplay's low temperature poly silicon (LTPS) TFT LCD panels applied to tablet devices.
China’s Chase beyond TV LCD
9 February 2018 - 11:45am
According to market research firm IHS Markit, the global low temperature poly silicon (LTPS) TFT LCD panel shipments reached 620 million units last year, up 21% from a year ago. China-based Tianma...
Samsung Engineering received a letter of acceptance on an US$3.1billion crude flexibility project from ADNOC Refining Corp., a government-run refining company of the UAE.
Result from Collaboration
9 February 2018 - 11:15am
Samsung Engineering succeeded in winning a contract worth US$3.1 billion for oil refinery plant construction from the United Arab Emirates (UAE) with Dutch builder CB&I. Of the total order amount...
Samsung Heavy Industries received an order to build eight 12,000-TEU container ships of from an Asian shipowner.
Good Starting
9 February 2018 - 11:00am
Samsung Heavy Industries received an order to build eight 12,000-TEU container ships of from an Asian shipowner.   Samsung Heavy Industries announced on February 8 that the company received an order...
SK E&C won an US$737 million worth investment project to build roads in Kazakhstan together with Korea Highway Corporation.
First Deal in CIS Market
9 February 2018 - 10:45am
SK E&C together with Korea Highway Corporation landed an US$737 million worth investment project to build roads in Kazakhstan. SK Construction announced that the company signed a project...
Hoban Construction decided to put a halt to acquisition work of Daewoo E&C on February 8.
Miscarriage of Daewoo E&C Sales
9 February 2018 - 10:15am
Hoban Construction gave up taking over Daewoo E&C on February 7 in only nine days since Hoban Construction was selected as the preferred bidder of Daewoo E&C. "Rumors about political...
GM will prepare most of the money for its capital increase through a debt-equity swap of GM Korea’s borrowings from the HQ, which would bring Korea Development Bank (KDB) to the only bearer of the burden.
GM’s Exit Strategy?
9 February 2018 - 10:00am
According to industry sources on February 8, GM recently told the South Korean government and Korea Development Bank (KDB) that it would increase its capital. Specifically, GM’s target is at least 4...


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