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Wednesday, February 21, 2018

Industry

The South Korean government decided to impose preliminary anti-dumping tariffs of 4.43% to 15.71% on zinc-coated steel wires imported from China.
Leading to Another Trade Retaliation?
20 February 2018 - 10:30am
It has been found that the Ministry of Strategy and Finance of South Korea decided, on February 13, to impose preliminary anti-dumping tariffs of 4.43% to 15.71% on zinc-coated steel wires imported...
GM Korea Collapsing
20 February 2018 - 10:00am
A high-ranking South Korean government official said on February 19 that the ongoing issues regarding GM Korea cannot be resolved overnight and the government cannot provide any support for GM Korea...
Daewoo Engineering & Construction (E&C) signed a contract on the EPC-1 package of the Duqm Oil Refinery project amounting to a total of US$2.78 billion on February 15 in alliance with Técnicas Reunidas of Spain.
Good Reason for Delaying Sell-off
20 February 2018 - 9:15am
On February 19, Daewoo Engineering & Construction (E&C) announced that the company signed a contract on the EPC-1 package of the Duqm Oil Refinery project amounting to a total of US$2.78...
Korean shipbuilding industry lagged behind the Japanese industry in the new order competition in January of this year.
Falling Behind Japan
19 February 2018 - 1:45pm
It has been found that the Korean shipbuilding industry lagged behind the Japanese industry in the new order competition in January of this year. Japanese shipbuilders’ monthly new orders eclipsed...
In the afternoon of Feb.17, Baek Woon-kyu (far right), minister of trade, industry of energy, is discussing countermeasures with representatives of steel companies to discuss the US’ announcement of Article 232 of the Trade Expansion Act.
Against Only S. Korea among Allied Nations?
19 February 2018 - 10:15am
The US Department of Commerce proposed to President Trump that Korean-made steel products should be included in steel products from 12 countries to be subject to a 53-percent tariff in the results of...
The beef imported from the US last year accounted for 48.9 percent of total beef imports.
US Beef Getting Popular
16 February 2018 - 6:30pm
Last year US beef imports stood at 168,000 tons, accounting for 48.9 percent of total beef imports. US beef ranked first among import beef in 14 years since 2003. This means that US beef beat market...
The global sales of OLED panels in the fourth quarter of last year ran to US$8.8 billion, a 120-percent increase over the same period of last year.
Samsung Enjoying Lion’s Share
16 February 2018 - 6:15pm
According to the Display Supply Chain Consultants (DSCC), a US display market research company on February 15, global sales of OLED panels in the fourth quarter of last year ran to US$8.8 billion, a...
The total number of employees of GM Korea and its partner companies was estimated at 156,000 as of 2016.
3rd Largest Employment in Automobile Sector
16 February 2018 - 5:30pm
If and when GM Korea withdraws from South Korea, more than four out of ten auto industry workers will be affected in Korea. The Ministry of Trade, Industry and Energy (MOTIE) said on February 15 that...
The Korean government shall consider putting a halt to the due diligence inspection into GM Korea and rejecting a request for financial support from GM if GM does not come up with a detailed and specific long-term investment plan.
Plan B Needed
15 February 2018 - 8:15pm
As the headquarters of GM will shut down GM Korea's Gunsan Plant in Korea, the Korean government has decided to conduct a due diligence inspection of GM Korea. But some experts are skeptical about...
South Korean shipbuilders are relieved as new their orders have been growing ahead of the coming spring.
Recovery Seems to Be Clear
15 February 2018 - 1:15pm
A recovery is being made in the Korean shipbuilding industry's new order receipt. Korean shipbuilders were expected to be hit by a dearth of funds this year following a dearth of orders two years ago...
GM Korea picked the "Gunsan Factory Closure" card on February 13 as a response to the Korean government’s demand for mid- to long-term management improvement measures for its financial support.
Response to Korean Gov’t Demand
14 February 2018 - 11:00am
GM Korea, which requested financial support from the Korean government, picked the "Gunsan Factory Closure" card on February 13. This move came only a day after the Ministry of Trade, Industry and...
South Korea’s package SW exports began to eclipse IT service exports in 2016.
Getting More Qualitative
13 February 2018 - 11:00am
According to the Korean software (SW) industry on February 12, it was estimated that last year Korean SW exports reached a little more than US$7 billion, up 9.7% from the previous year (US$6.38...

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