Insight | BusinessKorea

Tuesday, January 23, 2018


The Korean defense industry points out that Korea is devoid of a control tower which can meet various demands from arms purchasing countries such as offset trade, guarantees and finance.
Devoid of Proper Support
20 December 2017 - 9:30am
Korea's leading defense exporters such as Daewoo Shipbuilding & Marine Engineering (DSME), Hanwha Land Systems and Korea Aerospace Industries (KAI) have hit a snag due to the wall of "offset...
Slower than Expected
20 December 2017 - 9:15am
Samsung Electronics’ semiconductor foundry business which the semiconductor giant regards as the next generation business after memory semiconductors is having trouble finding a breakthrough. Samsung...
The South Korean government is going to minimize an increase in the price of electricity while replacing nuclear and coal-fired power plants with LNG and renewable energy sources in stages.
Too Optimistic about Supply and Price
15 December 2017 - 11:00am
The Ministry of Trade, Industry & Energy of Korea announced that it reported its eighth national electric power supply plan for 2017 to 2031 to the National Assembly on December 14. According to...
Chinese and Japanese TV manufacturers succeeded in showing a substantial growth in the global TV market based on their outstanding performance in the North American market.
Threat from China
27 November 2017 - 11:45am
Chinese TV manufacturers are threatening the presence of Samsung Electronics and LG Electronics, the two largest players in the global TV market that have a combined market share of more than 30%....
The won-dollar exchange rate showed a strong downward trend again on November 24 and finally closed at 1,085.4 won, down 3.7 won from the previous trading day.
Missing the Timing
27 November 2017 - 9:15am
After the won-dollar exchange rate falls below 1,100 won, 1,090 won has been the psychological Maginot line in the foreign exchange market. In short, the market expected the government would have a...
Samsung Electronics’ separation of the Medical Device Division was a measure taken considering the Medical Device Division’s merger with Samsung Medison in the future. (photo courtesy: Samsung Medison)
Samsung’s Medical Device Business
24 November 2017 - 10:45am
Samsung Electronics has separated the Medical Device Department from the Consumer Electronics (CE) Division as a division-level organization. Samsung Electronics clarified its position that it ...
Local experts in the field of bioinformatics made their research experience and developed their career at the SAIT. (photo courtesy: SAIT)
New Promising Field
23 November 2017 - 10:15am
In the traditional IT sector, Google, Facebook, Apple and so on are already dominant and it is extremely difficult for newcomers to hit the jackpot. This is not so in the biotech and healthcare...
The special committee on smart city is looking into sharing economy in working on big data-based city management systems.
Sharing Economy in Smart City
22 November 2017 - 11:15am
According to the Ministry of Science & ICT of South Korea, the Presidential Committee on the Forth Industrial Revolution recently organized a special committee on smart city. The special...
A strong Korean won (KRW) raised a red flag, in particular, for Korean automakers, steelmakers and Shipbuilders.
Concerns on Strong KRW
20 November 2017 - 10:15am
A strong Korean won raised a red flag for some Korean exporting companies. Although most Korean export companies do not have any problems with existing export volume due to foreign exchange hedge,...
Korean washers are strong not in the market of relatively inexpensive top-lid type washing machines (top loaders), but in the market of relatively expensive drum washing machines (front loaders) in the US.
Safeguard Issue
20 November 2017 - 9:45am
The US International Trade Commission (ITC) will decide on a method for and the level of import sanctions for foreign washing machines on November 21 (local time). The decision is garnering a lot of...
Even though the value of the won against the dollar surges, the Korean government only controls the pace with vocal intervention unlike the past when it aggressively intervened in the foreign exchange market.
Despite Weak Dollar
17 November 2017 - 9:45am
The Korean won is getting stronger against the dollar. The won-dollar exchange rate fell below 1,100 won during the day for the first time since September 30 last year.  The won's appreciation is a...
Lee Ju-yeol (left), governor of the Bank of Korea, and Stephen Poloz, governor of the Bank of Canada, signed the bilateral currency swap agreement on November 15 (local time) at the headquarters of the Bank of Canada in Ottawa of Canada.
Currency Safe Valve Secured
17 November 2017 - 12:00am
South Korea concluded a standing currency swap contract in which the limit and maturity were not set in advance with Canada, one of the world’s six key currency countries. The deal is a standing...


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