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Monday, November 20, 2017

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A new platform for professional investors like venture capitals and financial institutions will be annexed to the Korea Over-the-Counter (K-OTC) market.

Specialized Market Platform

15 November 2017 - 9:45am
Yoon Yung Sil

An over-the-counter (OTC) market for professional investors, such as venture capitals and angel investors, will be opened in South Korea in order to supply venture capital to start-ups and venture businesses. 

The Financial Services Commission (FSC) announced on November 14 that the new platform for professional investors, like venture capitals and financial institutions, will be annexed to the Korea Over-the-Counter (K-OTC) market operated by the Korea Financial Investment Association (KOFIA) by the end of the first quarter next year. 

In 2014, the KOFIA established the K-...

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Singaporean shipbuilders are submitting bidding prices for offshore plants much lower than those of Korean shipyards.

Unbelievable Bidding Prices

15 November 2017 - 9:30am
Jung Min-hee

A red flag was raised for Korean shipyards such as Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries which had dominated the offshore plant market. This is because they are losing orders to Singaporean shipyards which have not been even recognized as their competitor so far. 

In particular, bidding prices submitted by Singaporean shipbuilders are much lower than those of Korean shipyards. Of course, it is still unclear whether or not the bidding prices suggested by Singaporean shipbuilders can give rise to profits. There is...

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3D bio-printing can produce customized blood vessels, eyeballs, livers and hearts based on stem cells.

Producing Customized Human Organs

14 November 2017 - 12:00pm
Choi Mun-hee

There are a growing number of patent applications for “bio-printing” technology which combines 3D printing with biotechnology to produce artificial organs. The reason is that donors are in shortage compared to need for organ donations and the negative side effects of existing organ transplants such as immune rejection can be solved via the development of medical technology and convergence technology.

According to the Office of Patent Administration on November 13, domestic patent applications in the field of bioprinting ran to only 6 cases in 2013, but increased every year and...

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A total of 16,833 imported hybrid cars including the best-selling Lexus ES300h were sold in South Korea for the first 10 months of this year, accounting for 9.6% of the total sales of imported cars for the period.

Increasing Import of Hybrid Models

14 November 2017 - 11:45am
Jung Min-hee

The Korea Automobile Importers & Distributors Association (KAIDA) announced on November 12 that a total of 16,833 imported hybrid cars were sold in South Korea for the first 10 months of this year to account for 9.6% of the total sales of imported cars in the market for the period. 

The ratio is expected to exceed 10% before the end of this year. The 2018 Toyota Camry Hybrid recently made its debut in the market and the 2018 Lexus NX300h does so this week. The popularity of the Lexus ES300h is ongoing. In addition, most BMW, Mercedes Benz and Porsche cars cannot be purchased for...

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Bid for Daewoo E&C

14 November 2017 - 11:30am
Choi Mun-hee

According to investment banking industry sources on November 13, about 10 firms at home and abroad, such as local construction firm Hoban Construction and US-based Aecom, submitted their preliminary bids to buy a controlling stake in Daewoo Engineering & Construction from the state-run Korea Development Bank (KDB). In 2015, Hoban Construction participated in the bid to purchase Kumho Industrial from the KDB. 

The KDB plans to select an eligible bidder as early as within this week and proceed the binding bidding next month. The bank expects to pick a preferred bidder in January...

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4-inch Mini Smartphone

14 November 2017 - 11:30am
Cho Jin-young

There are rumors that Samsung Electronics will release a premium smartphone with a 4-inch screen early next year. According to U.S.-based investment information provider Valuewalk, anonymous sources said Samsung Electronics is getting ready to produce the Galaxy S9 Mini.

It reported that Samsung Electronics will additionally launch the mini version of the Galaxy S9 with a smaller display while announcing the Galaxy S9 and Galaxy S9 Plus in March next year. The Galaxy S9 Mini is rumored to have curves around the edges and less than a 5-inch display. However, the model name can change...

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Hwang Gun-il, head of the International Economic Affairs Bureau of Korea’s Ministry of Strategy and Finance, delivers a welcoming speech at the fourth Services Sector Promotional Forum with Australia in Brisbane, Australia on Nov. 13

Corporation in Services Sector

14 November 2017 - 11:00am
Jung Suk-yee

The Ministry of Strategy & Finance of South Korea held the fourth Services Sector Promotional Forum with Australia in Brisbane on November 13, discussing the two countries’ cooperation in the infrastructure and service sectors including construction, finance, and legal service. 

The forum was attended by Hwang Gun-il, head of the International Economic Affairs Bureau of the ministry, Australian Trade Minister Steven Ciobo, Australian Ambassador to the Republic of Korea James Choi, and a number of Australian and South Korean entrepreneurs. 

At the forum, South Korea and...

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South Korea’s exports to Vietnam totaled US$37.768 billion, up 48.8% from a year ago, for the period of January 1 to October 20, 2017.

Post-China Accelerated

14 November 2017 - 10:45am
Jung Suk-yee

The Ministry of Trade, Industry & Energy of Korea announced on November 13 that South Korea’s exports to Vietnam totaled US$37.768 billion, up 48.8% from a year ago, for the period of January 1 to October 20, 2017. During the same period, South Korea’s exports to Hong Kong increased by 17.9% year on year to US$29.727 billion and Vietnam beat Hong Kong to become South Korea’s third-largest export destination. South Korea’s annual exports to Vietnam rose from US$21.1 billion to US$27.8 billion and US$32.6 billion in 2014 to 2016 and Vietnam was South Korea’s sixth-, fourth- and fourth-...

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Bio pharmaceutical affiliates of domestic large businesses are drawing a bigger picture while taking different detailed strategies, such as spin-off, merger and listing.

Regrouping of Bio Businesses

14 November 2017 - 10:30am
Choi Mun-hee

As food-and-entertainment conglomerate CJ Group has decided to sell off its pharmaceutical affiliate CJ Healthcare, bio pharmaceutical affiliates of domestic large businesses are drawing a bigger picture. They have different detailed strategies, such as spin-off, merger and listing, but they have a common goal of strengthening the competitiveness of research and development (R&D) to develop novel drugs and push into the global market. 

According to industry sources on November 13, SK Group will turn SK Chemicals’ corporate structure into a holding company system on December 1...

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EV battery manufacturers should be brace for the competition in advance in order to survive.

Challenges from Potential Competitors

14 November 2017 - 10:15am
Choi Mun-hee

Global companies are challenging South Korean battery makers that have continued to show a remarkable growth in the global battery market in the past two to three years. New companies are popping up in Europe which has relatively little interest in the electric vehicle (EV) battery manufacturing industry, while Japanese and Chinese firms are pouring money to expand battery production facilities. 

According to industry sources on November 13, Swedish EV battery start-up Northvolt has recently decided to invest 4 billion euro (US$4.67 billion or 5.22 trillion won) to build a 32Gwh...

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