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Monday, February 26, 2018

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Hyundai E&C will be responsible for 35 percent of the Tuas Port reclamation project in Singapore worth US$1.1 billion, or US$390 million.

Helpful for Receiving Future Orders

23 February 2018 - 11:15am
Jung Min-hee

Hyundai Engineering & Construction Co., one of South Korea's leading builders, has clinched this year’s first overseas deal in Singapore. The company won a part of the Tuas Port project worth US$1.1 billion (1.2 trillion won) in Singapore on Feb. 22.

The Tuas Terminal Phase 2 development is a part of the Tuas Port project by the Maritime and Port Authority of Singapore and includes the design and construction of 387 hectares of land reclamation works at the Tuas Port in western Singapore. The reclaimed land will be used as sites for port facilities in the future. The project is...

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Hyundai Heavy Industries has received an order from Nigeria to deliver 15 units of LPG storage tank, which are similar to cylindrical tanks delivered to Abu Dhabi Gas Industries’ complex in Habshan in May 2011

Getting Order of LPG Storage Tanks

23 February 2018 - 11:15am
Jung Min-hee

Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, succeeded in winning a US$58 million (63 billion won) deal in Nigeria.

The company said on Feb. 22 that it has received an order from Nigeria’s Dangote Oil Refining Company (DORC) to deliver 15 units of liquefied petroleum gas (LPG) storage tank that can contain 75,000 cubic meters of gas in total.

The 15 gas cylinders, each with a diameter of 8 meters and a height of 95 meters, will be installed at Dangote Oil Reining’s refining and petrochemical plant near Lagos in southwestern Nigeria.

The...

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The Special Force VR, which will be launched by KT and Dragonfly, is expected to become the world’s first 5G-based and completely wireless multi-VR game.

‘Special Force VR’

23 February 2018 - 10:45am
Cho Jin-young

KT announced on February 21 that Dragonfly and itself would unveil the Special Force VR at Mobile World Congress (MWC) 2018, which kicks off in Barcelona, Spain on February 26.

The Special Force VR is expected to become the world’s first 5G-based and completely wireless multi-VR game. Developed by Dragonfly, the Special Force is a first-person shooting game that has a lot of fans around the world.

At present, first-person virtual reality games require wired headsets as well as PCs, batteries, and so on. However, the Special Force VR can be enjoyed wirelessly based on KT’s VR...

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The National IT Industry Promotion Agency (NIPA) of South Korea is planning to invest up to 28 billion won (US$25 million) in the development of AI doctors for three years.

Korean Version of IBM Watson

23 February 2018 - 10:45am
Cho Jin-young

The South Korean government is planning to support the development of AI doctors to play roles similar to those of the IBM Watson.

To this end, the Ministry of Science & ICT and the National IT Industry Promotion Agency (NIPA) hold a contest, for one month from February 20, for AI solution development for precision medicine based on medical big data.

The purpose of the contest is to produce software to support medical activities by analyzing big data on patients. The scope of the contest includes software development for psychotherapy, rehabilitation, surgical training...

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The U.S. asked for stricter standards for imported steel raw materials at the KORUS FTA amendment negotiations as part of its strategy to see whether South Korea serves as a base for transshipment of Chinese low-priced steel products.

To See Origin of Steel Products

23 February 2018 - 10:30am
Jung Suk-yee

The United States called for stricter standards for imported steel raw materials at the South Korea-US Free Trade Agreement (FTA) amendment negotiations. It is part of its strategy to see whether South Korea serves as a base for transshipment of Chinese low-priced steel products.

According to some officials from trade authorities on Feb. 22, the U.S. Trade Representative (USTR) asked to strengthen the rules of origin for steel products from the current three changes in the first four to six digits of HS Code at the KOR-US FTA amendment negotiations held twice earlier this year....

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The Korea Development Bank (KDB), the main creditor of Kumho Tire, unofficially asked the Defense Acquisition Program Administration (DAPA) if it is possible to sell the management of Kumho Tire to a foreign firm.

Fate of Kumho Tire

23 February 2018 - 10:30am
Jung Min-hee

The Korea Development Bank (KDB), the main creditor of Kumho Tire, is seeking to attract outside capital but whether the Ministry of Trade, Industry and Energy (MOTIE) and the Defense Acquisition Program Administration (DAPA) allow a foreign company to become the largest shareholder will be a variable. In particular, the KDB is ready to put Kumho Tire into receivership if the labor union doesn’t agree with its self-rescue plan by the end of this month. Therefore, serious challenges still remain to complete the sale.

According to investment banking industry sources on...

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The proportion of UHD TV sales is expected to reach 99% for the first time in the 60-inch or larger TV market this year.

Full HD TVs Away from Market

23 February 2018 - 10:15am
Michael Herh

Full HD TVs which were relegated by ultra high definition (UHD) TVs are expected to disappear from the big TV market this year.

The proportion of UHD TV sales is expected to reach 99% for the first time in the 60-inch or larger TV market this year due to the popularity of UHD TVs and a rise in UHD contents.

According to market researcher IHS Markit on February 22, the market share of UHD products which stood at 60% in the 60-inch or larger TV panel market in 2015 rose to 85% in 2016 and 96% in 2017. This year, the market share of UHD products is expected to leap up to 99%...

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김해준 교보증권 사장 <사진=교보증권>

23 February 2018 - 10:15am
Yoon Won-chang

김해준 교보증권 사장이 5회 연임에 성공했다.

교보증권은 22일 이사회를 열고 김 사장을 사내이사(등기이사) 단독 후보로 추천했다. 김 사장은 3월 22일 열리는 주주총회에서 임기 2년의 대표이사로 최종 선임될 것으로 보인다.

김 사장은 올해 11번째 연임에 도전하는 유상호 한국투자증권 사장과 함께 증권가 장수 CEO로 꼽히는 인물이다. 그의 연임은 어쩌면 예정돼 있었다. 2008년 취임 이후 9년 연속 흑자를 달성할 만큼 높은 성과를 냈기 때문이다. 

김 사장은 대우증권 자산관리영업본부장과 교보증권 기업금융 총괄 등을 거쳐 2008년 6월 교보증권 대표이사로 등극했다. 

이후 성장에 성장을 거듭 거두면서 지난해 연간 순이익으로 전년 대비 20.2% 증가한 749억원을 거뒀다. 창사 이래 두 번째로 많은 금액이다. 목표치(640억원)도 무려 100억원 넘게 웃도는 액수다. 자기자본이익률(ROE)도 전년 대비 0.93% 오른 9.29%를 기록하는 등 큰 성과를 낸 것이다.

이어 교보증권은 지난해 ‘인하우스 헤지펀드’ 시장에 진출, 현재...

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Two leading Korean and Chinese IT companies, Samsung Electronics and Tencent, are building an alliance in the sector of artificial intelligence devices in the global market where Apple and Google are taking the initiative.

S. Korea-China IT Alliance

23 February 2018 - 10:00am
Cho Jin-young

Samsung Electronics will invest in artificial intelligence (AI) and games jointly with Tencent, the largest information technology (IT) company in China and the largest online game company in the world. This means that the two leading Korean and Chinese IT companies are building an alliance in the sector of artificial intelligence devices in the global market where Apple and Google are taking the initiative.

According to the investment banking (IB) industry on February 21, Samsung Electronics and Tencent will jointly invest in the development of artificial intelligence speakers and...

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25일 평창동계올림픽 폐막식에서 K팝 스타 '엑소'와 '씨엘'을 만날 수 있다.<사진=엑소 홈페이지>

23 February 2018 - 10:00am
Jung Suk-yee

2018 평창 동계올림픽 17일 간의 여정을 끝내는 25일 폐막식 날 ‘한류’ 바람이 마지막을 장식할 예정이다.

평창동계올림픽조직위원회는 22일 "폐회식은 기존의 틀을 깨고 앞으로 나아가려는 도전정신을 의미하는 '더 넥스트 웨이브(미래의 물결)를 주제로 선수단과 자원봉사자, 관람객 등이 하나가 돼 평창의 마지막 밤을 함께 할 예정"이라고 밝혔다.

조직위는 "폐회식은 총 4개 문화공연으로 구성된다"라며 "조화와 융합을 통한공존은 물론 서로의 다름을 인정하는 평화의 메시지를 한국적인 색채와 혁신적인 현대 아트의 결합, K팝 공연 등을 통해 현대적이고 미래적으로 표현할 계획"이라고 했다.

폐회식에는 한류스타 씨엘, 엑소가 출연해 폐회식 무대를 함께 하고, 2018 베이징 하계 올림픽에서 뛰어난 연출능력으로 호평을 받은 장이머우(張藝謨) 감독이 차기 개최도시 공연도 볼 수 있다.

또 개회식 때 국내외의 호평을 받았던 ‘드론 쇼’도 진행된다. 아울러 각국 선수단이 함께 어우러진 선수단 입장을 비롯해 신임 국제올림픽위원회(IOC) 선수위원 선출, 자원봉사자...

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