Propelled by the acceleration of the next generation of K-Beauty players, South Korea’s cosmetic exports have surpassed 10 trillion won for two consecutive years.According to the Ministry of Food and Drug Safety on July 6, domestic cosmetic companies’ exports last year were 10.2751 trillion won (US$
Korean shipbuilders are in the final stage of negotiations on a US$4.6 billion offshore plant construction project.Brazil's state-run oil company Petrobras are reportedly having last-minute negotiations on the price of two floating production storage and offloading (FPSO) units with two Korean s
The world's largest floating oil production storage and offloading (FPSO) facility, built by Samsung Heavy Industries (SHI), has been completed in Nigeria and will soon start work at the neighboring offshore oil fields. It took five years for SHI to complete the large-scale offshore project, whi
According to data from Clarksons Research, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries respectively ranked first to third in terms of order backlog as of the end of December last year. The order backlogs of the three companies were 5.638 million CG
It has been found that Facebook recently acquired Nascent Objects. Established in California in 2014, Nascent Objects is a modular electronics platform company manufacturing hardware devices such as cameras and mini computers by using software programs, 3D printers and the like. It has come up with
South Korea and the US will beef up cooperation in the cyber sector in addition to their economic and military alliance. With an increase in concerns about cyber threats amid an entry into an intelligence and information-based society, both countries will conduct joint research for stronger cyber se
Cyber attacks become highly developed with intelligent techniques and more frequent, threatening not only industries but also national security. Accordingly, Korea and the U.S. are joining hands to develop cyber security technology using artificial intelligence (AI).Considering the fact that large c
The Ministry of Science, ICT & Future Planning announced on March 6 that vice minister Choi Jae-yu had a meeting with Dr. Reginald Brothers, under secretary of the U.S. Department of Homeland Security, on March 3 for a closer bilateral cooperation in the field of cyber security. Specifically, Korea
South Korea’s top three shipbuilders posted their worst-ever combined operating loss in the third quarter this year: over 7 trillion won (US$6.15 billion). Interested parties are beginning to wonder when the earnings shocks will end.According to industry sources on Nov. 1, there are 70 units of orde