Specialized patent examiners in the field of semiconductors, which has acquired crucial technologies over more than 30 years in private semiconductor companies such as Samsung Electronics and SK hynix, are being further expanded this year to contribute to securing the nation’s competitiveness. Parti
The U.S. Department of Commerce raised a question about cheap electricity rates through a preliminary ruling, saying, “The Korean government is actually subsidizing the Korean steel industry.” Even three years ago, U.S. officials thought that electricity rates in Korea were not subsidies, but now th
LG Electronics stands out in the Middle East market, where preference for premium products is high among consumers. In particular, the Korean home electronics giant ranked first in the organic light-emitting diode (OLED) TV market with a share of up to 80 percent, a survey has found.LG Electronics a
CHIVAS, a global whisky brand representing Pernod Ricard Korea, announced on Jan. 11 that it will open its two months pop-up store CHIVAS REGAL GIL in Apgujeong Rodeo until Feb. 26.One of the outstanding parts of this experience pop up is the relay performance of top artists every Friday - Giriboy,
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Although US TBs should continue trading within the current range in July, yields should rise sharply in 4Q21 on accelerating improvement in August~September employment indicators. However, taking in
The U.S. Department of Commerce fixed its preliminary antidumping duty rates applied to thick plates imported from South Korea at 0.68 percent on June 15. The target companies are Dongkuk Steel, Hyundai Steel and Sungjin Steel. The current rates applied to the three companies are 2.26 percent, 2.49
The European Commission decided to extend its steel safeguard as it is until June 30, 2024. Specifically, quotas on 26 types of products will remain effective, along with a 25 percent tariff on those exceeding the quotas. The commission will add 3 percent a year to each of the quotas while conductin
The European Union is likely to extend its safeguard on steel products by one year and the safeguard is likely to continue to affect South Korean steelmakers.The European Commission is planning to announce the result of related investigations on June 7. The investigations were initiated in February
Reshoring by Korean steelmakers is growing.KG Dongbu Steel decided on Nov. 2 to liquidate its plant in Jiangsu Province, China, and return to Korea, according to the Korea Iron & Steel Association (KOSA) on Nov. 16.KG Dongbu Steel said it plans to invest 155 billion won in Dangjin, South Chungcheong
South Korean steelmakers in China are restructuring their business to enhance their profitability amid a global recession and a decline in product price.For example, Hyundai Steel is planning to integrate its Beijing and Tianjin Steel Service Centers with each other for personnel reduction and apply
The Vision Fund, led by SoftBank CEO Masayoshi Son, has finally decided not to invest in Tada, a ride-hailing service, after a year-long review. The fund has reportedly been considering investing 200 billion won to 300 billion won in Tada. But as tensions among the taxi industry, political circles a
South Korea and Indonesia have concluded negotiations on their Comprehensive Economic Partnership Agreement (CEPA). They are going to officially sign the agreement in the first half of next year so that it can become effective through parliamentary ratification.A CEPA is a trade agreement similar to
The Ministry of Trade, Industry and Energy announced on Aug. 29 that 29 countries are currently implementing 200 import regulations on South Korean products in the form of anti-dumping duties and safeguard measures.The ministry also said that investigations have been terminated without follow-up mea
South Korean steelmakers are in a dilemma as they cannot raise the prices of their products despite rising raw material prices.The price of iron ore powder arriving in China from Australia rose from US$72.2 to US$92 per ton for the first four months of this year. This is because major iron ore suppl
The U.S. Department of Commerce has called the South Korean government’s electricity price calculation method into question again during its anti-dumping determination on plated steel sheets imported from South Korea. The department’s stance is that Korea Electric Power Corp. (KEPCO), a state-run co
The U.S. Department of Commerce recently decided to apply an anti-dumping duty rate of percent to plated steel sheets Hyundai Steel exports to the United States.Back in May 2016, the department imposed an anti-dumping duty of 47.8 percent on Hyundai Steel, 8.75 percent on Dongkuk Steel, and 28.28 pe
The United States government has launched an additional investigation into Hyundai Steel’s cold-rolled steel sheets, taking issue with South Korea’s Special Act on Corporate Revitalization. This investigation is the third of its kind since the beginning of this year, following those related to hot-r
USS-POSCO Industries (UPI), the US subsidiary of POSCO, remained in the red for the sixth consecutive quarter in the first quarter of this year. POSCO and U.S. Steel established UPI in 1986 by investing 49% and 51%, respectively. The joint venture company posted a loss of 22 billion won (US$21 milli
POSCO Gwangyang Steelworks has completed an automotive steel sheet production facility dedicated to giga steel for the first time in the world. The steelworks achieved such outcome in 30 years after it started production of molten metal. The giga steel developed by POSCO is cheaper than aluminum but
South Korean Deputy Prime Minister Yoo Il-ho presided over a ministerial meeting on January 25 to discuss how to revive the South Korean shipbuilding, shipping, steel and chemical industries.According to him, the South Korean government is planning to further accelerate the restructuring of the ship