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Wednesday, October 18, 2017

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Concept of hybrid module mobility developed by UNIST

Charged by Pedaling

11 October 2017 - 1:30pm
Cho Jin-young

The Ulsan National Institute of Science and Technology (UNIST) announced on October 10 that its research team led by professor Jung Yeon-woo and auto parts manufacturer Mando unveiled the concept of their hybrid module mobility at Frankfurt IAA Motor Show 2017.

The hybrid module mobility can be defined as a novel four-wheel electric bike targeting the European market. Its battery is charged by pedaling and the bike has a wide range of applications based on the application of various modules.

In existing electric bicycles, the driving force that is obtained by pedaling and...

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The Monthly sales of Korean carmakers in September have improved significantly over the past month.

Stronger Performances in Sept.

11 October 2017 - 1:15pm
Jung Min-hee

The Monthly sales of Korean carmakers, which have been steadily declining this year compared to last year, have improved significantly over the past month. Thus it is highly anticipated that the prolonged sales slump will be over soon.

This is because new cars such as the Grandeur, the Stinger, the G4 Rexton, the Kona, Stonic, and the G70 launched after the end of last year, are fueling domestic demand and the aftermaths of conflicts between Korea and China over the deployment of the THAAD System are subsidizing.

However, some experts say that it is premature to become...

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Officials celebrate the completion of Hyundai Construction Equipment’s new office building in Europe.

Foothold for Takeoff

11 October 2017 - 1:15pm
Lee Song-hoon

Hyundai Construction Equipment Co. announced that it recently held a ceremony for completing its new office building for European business in Tessenderlo, a city located in northeastern Belgium, with 300 officials in attendance, such as Hyundai Construction Equipment President Kong Ki-young, Kim Hyoung-zhin, Ambassador of the Republic of Korea to Belgium / EU, Philippe Muyters, Flemish Minister for Work, Economy, Innovation and Sports, and Herman Reynders, Governor of Limburg Province.

With the site of 30,000 pyeong, or 99,174 square meters, the new office building is a three-story...

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From left: Green Cross Laboratories Director Lee Eun-hee, Sudan Central Lab Director Dina Ahmed Hassan Ibrahim, Green Cross MS CEO Kim Young-pil, and Elrayih Hydoub, deputy chief of the Sudan Embassy in Seou.l

Bridgehead for African Market

11 October 2017 - 1:15pm
Choi Mun-hee

Green Cross MS and Green Cross Laboratories announced on October 10 that they have signed a memorandum of understanding (MOU) to cooperate in clinical examination sector with Sudan Central Lab, which is under the umbrella of the Sudanese government, at the Green Cross MS headquarters in Yongin, Gyeonggi Province.

Under the agreement, Green Cross MS will transfer technologies about production facilities, provide semi-finished products and implement businesses related to its blood glucose measuring devices, while Green Cross Laboratories will provide consulting services regarding its...

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Korea’s overseas construction orders stood at US$21.094 billion as of September of this year, up 14% from a year ago (US$18.455 billion).

Overseas Construction

11 October 2017 - 1:00pm
Michael Herh

This year has been witnessing tectonic shifts in Korean builders’ new overseas orders. Hyundai Engineering, Daelim Industrial, and SK E&C distinguished themselves while Samsung C&T and GS E&C which performed well last year faltered this year..

According to the International Contractors Association of Korea on October 10, Hyundai Engineering came in first in the reception of new orders, posting a total of US$4.511 billion during the January-September period of this year among Korean construction companies. Last year, Hyundai Engineering ranked fourth in overall new orders...

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All eco-friendly car models, including electric cars, equipped with Korea-produced batteries were excluded from receiving subsidies for the ninth time this year.

Driven to Giving UP

11 October 2017 - 12:30pm
Jung Min-hee

The Chinese government has yet to loosen its grip when it comes to electric car batteries manufactured by Korean companies. All eco-friendly car models with Korea-produced batteries were excluded from receiving subsidies for the ninth time this year.

According to related industries on October 10, the Chinese Ministry of Industry and Information Technology (MIIT) announced on the 30th of last month its targets for green vehicle subsidy payouts for the ninth time this year. The MIIT selected 251 models of electric vehicles (EV) and plug-in hybrids (PHEV) from 95 companies, but...

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Samsung Electronics is looking to acquire a Taiwanese LED manufacturer in order to offset the sluggish sales of its QLED TVs and release of a home version of the Cinema LED Screen.

Exit Strategy from QLED Dilemma

11 October 2017 - 12:30pm
Cho Jin-young

According to industry sources, Samsung Electronics is looking to acquire a Taiwanese LED manufacturer in order to offset the sluggish sales of its QLED TVs. Samsung Electronics is also planning to alter its Cinema LED Screen for movie theaters to supply the product for use at home.

The Taiwanese company that Samsung Electronics is interested in is a micro LED company. Samsung Electronics’ QLED TVs are characterized by having liquid crystal displays coated with quantum dot materials. With the micro LED technology of the Taiwanese company, the LEDs of the QLED TVs can be reduced in...

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Samsung Electronics and SK Hynix accounted for more than 25 percent of the total KOSPI market capitalization on September 25.

Too Much Inclined

11 October 2017 - 12:15pm
Yoon Yung Sil

Samsung Electronics and SK Hynix are expected to record their best-ever results for four consecutive quarters. Accordingly, their stock prices are also reaching a record high.

According to financial information provider FnGuide on October 10, more than three securities companies expect that Samsung Electronics and SK Hynix will post 14.34 trillion won (US$12.63 billion) and 3.83 trillion won (US$3.37 billion) in operating profit in the third quarter, respectively.

Samsung Electronics, which has renewed its record-high...

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The ratio of South Korea’s exports to China to South Korea’s total exports fell from 25.1% to 23.5% between last year and the first eight months of this year.

Dependence Inched Down

11 October 2017 - 12:00pm
Jung Suk-yee

It has been found that the share of products exported from South Korea to China fell below 10% in the Chinese import market this year. This has to do with the Chinese government’s policy for a change in industrial structure, efforts for the growth of domestic industrial sectors, and economic retaliation following THAAD deployment in South Korea.

According to industry sources such as the Korea Center for International Finance (KCIF) and statistical data provider CEIC, such products accounted for 9.4% of China’s total imports for the first eight months of this year. The ratio reached...

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The security standard items for blockchain that South Korean researchers proposed were selected as international standardization projects at the ITU.

Security Standard

11 October 2017 - 12:00pm
Yoon Yung Sil

South Korean researchers proposed the security standard items for blockchain, which is considered a technical infrastructure that can safely records and utilizes important contracts online using distributed network and encryption technologies, and they were selected as international standardization projects at the general meeting of the Study Group 17 of the Union's Standardization Sector in ITU (ITU-T SG17).

Soonchunhyang University announced on October 10 that “Security Threats to Online Votes Using Distributed Ledger Technology” proposed by Park Geun-duk, a senior researcher at...

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