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Monday, December 11, 2017

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The United States Department of Commerce imposed a preliminary anti-dumping duty of 40.8% on carbon and alloy steel wire rods imported from South Korea.

Four Times Higher Than Before

5 December 2017 - 9:30am
Jung Suk-yee

Late last month, the United States Department of Commerce imposed a preliminary anti-dumping duty of 40.8% on carbon and alloy steel wire rods imported from South Korea, almost quadrupling the tariff rate in just about one month. Last year, South Korea exported carbon and alloy steel wire rods worth US$45.6 million in total to the United States.

The Department of Commerce explained that there was an error during its first calculation. On November 1, the three American steelmakers including Charter Steel pointed out that the department compared wire rod prices not on a U.S. dollar...

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IHS Markit recently said that the global NAND flash market demand will reach 244.1 billion gigabytes next year, up 39.6 percent from this year.

Contrary to Morgan Stanley Report

5 December 2017 - 9:30am
Cho Jin-young

There are concerns that the semiconductor market will peak soon and the super boom in memory chips will turn downward afterwards even if the market demand next year maintains at the same level this year as the supply of memory chip manufacturers, including Samsung Electronics, exceeds the demand.

However, most of market experts don’t think that the market will plunge amid high demand forecasts. Under the current situation when the IT industry is growing explosively, the supply is the factor that determines the semiconductor cycle unlike the past when the semiconductor market...

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Global information and communication technology companies are carrying out a strategy to create the AI ecosystem and secure the leadership in the market based on the democratization of AI.

AI Democratization

4 December 2017 - 12:00pm
Cho Jin-young

Global information and communication technology companies, including Amazon and Google, are accelerating the “democratization” of artificial intelligence (AI) technologies. The AI democratization refers to that specific companies with technology open up their AI technologies through cloud platforms to allow anyone to use them rather than monopolizing them. It is part of their strategy to create the AI ecosystem and secure the leadership in the market based on this.

Domestic ICT companies are also focusing on the development of their own AI technologies and starting the AI...

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Samsung Biologics has completed the construction of world’s largest biopharmaceuticals manufacturing plant with an annual production capacity of 180,000 liters. (photo courtesy: Samsung Biologics)

Completion of Mechanical Processing

4 December 2017 - 11:15am
Choi Mun-hee

Samsung Biologics announced on November 30 that it completed the construction of its third plant in Songdo, Incheon City after two years of construction.

The biopharmaceuticals manufacturing plant has four floors above the ground with a total floor area of 118,618 square meters. It is the largest biopharmaceuticals manufacturing plant in the world with an annual production capacity of 180,000 liters.

The annual production capacity of Samsung Biologics increased to 360,000 liters as a result of the completion of the construction. The company’s first and second plants have an...

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The imports of petroleum products dropped while the imports of crude oil and the exports of petroleum products grew.

Reaching All-time High

4 December 2017 - 11:15am
Jung Min-hee

South Korea’s petroleum product exports amounted to 132 million barrels in the third quarter this year, reaching an all-time high. This was largely due to the fact that the production of petroleum products, mainly naphtha and jet fuel, increased and it had an import substitution effect.

According to the data on the domestic oil demand and supply in the third quarter this year from the Ministry of Trade, Industry and Energy (MOTIE) on December 3, the imports of petroleum products dropped, while the imports of crude oil and the production, exports and consumption of petroleum products...

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LG Electronics’ Signature OLED TV W model OLED65W7P won the Best TV Overall prize.

Best UHD TV

4 December 2017 - 11:00am
Lee Song-hoon

Consumer Reports recently selected five top picks after testing about 250 TVs it directly purchased from retail stores.

LG Electronics’ Signature OLED TV W model OLED65W7P won the Best TV Overall prize. “This model is the thinnest one in the market,” Consumer Reports explained, adding, “In addition, it is the best in terms of image quality, sound quality and HDR.”

Samsung Electronics’ 75-inch and 55-inch UHD TVs were picked as the best jumbo-sized 4K TV and the best 4K TV priced at US$1,000 or less, respectively. Consumer Reports said that the 75-inch TV is a...

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HMM’s operation reliability rose by six percentage points from the previous month to 82.9% at the end of October. (photo courtesy: HMM)

On-time Performance

4 December 2017 - 10:45am
Jung Min-hee

Hyundai Merchant Marine (HMM) ranked No. 1 in operation reliability which indicates container service quality in October after August.

According to the analysis of ship operation reliability released by SeaIntel, a Danish maritime analysis agency on December 3, Hyundai Merchant Marine's operation reliability (including the reliability of its operation with its shipping alliance) rose by six percentage points from the previous month to 82.9% at the end of October.

Hyundai Merchant Marine’s reliability was 8.1% higher than 74.8%, the average operation reliability of the 18 top...

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Samsung Electronics recently filed a patent application for a new technology to scan the lines of a palm and get a hint when a smartphone password was forgotten. (photo courtesy: CNET)

Help for Finding Password

4 December 2017 - 10:45am
Cho Jin-young

US-based IT news outlet CNET reported on December 2 (local time) that Samsung recently filed a patent application for a new technology to scan the lines of a palm and get a hint when a smartphone password was forgotten.

This patent contains a technique that shows a hint between the lines of a palm when a user scans his or her entire palm to get a hint when the user do not remember his or her password.

This biometric authentication method is likely to be used for other purposes, such as helping smartphone users to find passwords or authenticating Samsung Pay rather than...

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The US International Trade Commission (USITC) decided on November 28 to investigate whether SK Hynix infringed upon the patent of Netlist with regard to memory module components. (photo courtesy: SK hynix)

Alleged Patent Infringement

4 December 2017 - 10:30am
Jung Suk-yee

The United States International Trade Commission (USITC) decided on November 28 to investigate whether SK Hynix infringed upon the patent of Netlist with regard to memory module components such as DRAM boards, according to industry sources.

The investigation is based on the patent infringement lawsuit Netlist filed against SK Hynix in October this year. The USITC is to initiate the investigation in accordance with Section 337 of the Tariff Act of 1930. An import ban can be implemented once the USITC determines that SK Hynix infringed on the patent of Netlist.

Earlier, Netlist...

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Some market experts point out that the South Korean shipbuilding industry needs to change its strategy targeting only the high value added market.

$25 Vs. $65

4 December 2017 - 10:15am
Jung Min-hee

South Korea’s shipbuilding industry has been overtaken by latecomers, including China, in the liquefied natural gas (LNG) carrier, very large crude carrier (VLCC) and offshore plant sectors that the industry has had the most competitive edge in the world. Even Singapore, which has been “immaterial” in the industry, is taking away orders from South Korean shipbuilders.

Worsening Cost Competitiveness

At the meeting marking the Shipbuilding & Marine Day, which was held for the first time in two years, at EL Tower in Yangjae-dong, Seoul, on December 1, Park...

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