Market research firm IC Insights reported that Samsung Electronics’ capital expenditures in the semiconductor sector from 2017 to this year are estimated at US$65.8 billion and the value is about 53 percent larger than Intel’s and around 200 percent of the combined capital expenditures of all Chines

LS Cable & System announced on Nov. 6 that its cables were used in the world’s first commercial superconducting power transmission system built and operated by Korea Electric Power Corp.The company installed its superconducting cables in the 1 km section between Heungdeok Substation and Singal Subst

Hyundai Oilbank announced on Nov. 6 that it has secured a 200,000-barrel petroleum product storage base in Ba Ria Vung Tau Province, Vietnam, to expand exports to Southeast Asia.This is the first time a Korean oil refinery built a petroleum product storage base in Vietnam. Ba Ria Vung Tau Terminal i

Hanwha Aerospace, the only aircraft engine manufacturer in Korea, has signed a contract to supply cutting-edge aviation engine parts worth 1 trillion won to Rolls Royce, one of the world's three largest aircraft engine makers.Hanwha Aerospace has demonstrated its global competitiveness by contra

Korea Rail Network Authority (KRNA) is taking the lead in spreading Korea’s railway technology to East Asia, including India and Indonesia. As of June this year, the corporation participated in 65 projects in 21 countries, diffusing Korea’s excellent railroad technology all over the world.The agency

Global e-commerce platform Cafe24 announced on Nov. 7 that the Japanese fashion conglomerate TSI Holdings launched its K-fashion online store "MORUGI" (www.morugi.com) on Cafe24 Japan (www.cafe24.co.jp).MORUGI is an e-commerce store specializing in Korean-style fashion and targets Japanese women in

The performance of Chinese small and medium-sized electronic vehicle (EV) battery makers has begun to deteriorate as the Chinese government has started to scale back its subsidies for EVs loaded with batteries produced by Chinese manufacturers. Market watchers say this situation can offer an opportu

Mitsui Ocean Development & Engineering Co. (MODEC) was recently selected as the floating production, storage and offloading (FPSO) unit supplier for the Barossa Project, an offshore gas field development project off the coast of northwestern Australia. The FPSO part of the project alone is estimated

Patent trolls’ attacks targeting South Korean companies are becoming more and more frequent. The Seoul Economic Daily reported on Nov. 5 that 43 non-practicing entities (NPEs) filed 580 lawsuits against South Korean companies from 2012 to June this year and 36 percent and 39 percent of the lawsuits

The Financial Supervisory Service recently analyzed the stock options granted and exercised in 58 KOSDAQ-listed companies specially listed between January 2015 and the first half of this year and announced on Nov. 5 that 51 companies granted a total of 39.28 million stock options to 2,240 persons. A

Korea Hydro & Nuclear Power Co. (KHNP) is holding an international conference on nuclear power technology in Gyeongju in cooperation with the International Atomic Energy Agency (IAEA) and the CANDU Owners Group (COG).The conference, which kicked off at Hwangryong-won in Gyeongju on Nov. 4, is attend

Big discounts whetted Korean customers’ appetite for Japanese cars, which were shunned following the Japanese government’s restriction of exports of key industrial items to Korea.Sales of Japanese cars, which had fallen in the aftermaths of Koreans’ boycott of Japanese goods and services, have rebou

Korea Electric Power Corp. (KEPCO) has successfully commercialized superconducting power transmission technology for the first time in the world.Korea was not the first country to develop superconducting power transmission technology. The United States, Japan and European countries developed the ene

Hyundai Motor Group ranked fourth in the European car market as its market share rebounds to the 8 percent range in one year. Excluding European carmakers, the combined share of Hyundai Motor and Kia Motors came in first in the market.Hyundai and Kia jointly recorded an 8.0 percent share in 28 EU me

The Korean government has launched an intensive investigation into the recent spate of BMW car fires.The Ministry of Land, Infrastructure and Transport said on Nov. 1 that an investigation team has conducted a field survey of the five BMW car fires that took place in the Seoul metropolitan area rece

M&As among auto parts manufacturers are becoming increasingly frequent, led by leaders of the global industry. Only one Chinese auto parts manufacturer joined the list of the world’s top 100 in 2011, but the number increased to seven and China came in fourth on the list last year.According to the Ko

U.S. Commerce Secretary Wilbur Ross remarked on Nov. 3 that he had good conversations with the European Union, Japan and South Korea and the Donald Trump administration may not need to impose tariffs on imported automobiles and auto parts.He is currently attending the ASEAN Summit in Bangkok, Thaila

SsangYong Motor Co., part of India's Mahindra Group, announced on Oct. 1 that the company sold a total of 10,195 units in October 2019 -- 8,045 units in domestic sales and 2,150 in exports. SsangYong’s domestic sales in October dropped 20.2 percent from a year ago due to weak market demand and i

Henkel AG & Co., a German chemical and consumer goods company, has started construction of a new production plant for advanced electronic materials at the Incheon Free Economic Zone (IFEZ) in Songdo, Incheon City in Korea.The IFEZ authority said on Oct. 29 that a groundbreaking ceremony was held at

Daelim Industrial announced on Oct. 31 that it will expand its high value-added petrochemical business through an overseas M&A deal worth US$530 million.Daelim Industrial’s board of directors approved on Oct. 30 the company’s plan to acquire the Cariflex Business Division from Kraton Corp. of the Un