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Monday, January 22, 2018

Industry

Korea’s nuclear reactor evaluation technology will be exported to France.
Export of Nuclear Software
8 December 2017 - 9:30am
Korea’s nuclear reactor evaluation technology will be exported to France, an advanced nation in the nuclear power sector. This means that the excellence of Korean nuclear technology was recognized in...
The U.S. has continuously imposed an antidumping tariff on South Korean circular welded non-alloy steel pipe (CWP) after carrying out the first review in 1991.
Preliminary Anti-dumping Duty
8 December 2017 - 9:15am
The U.S. Department of Commerce preliminarily determined to impose an antidumping duty of up to 38 percent on circular welded non-alloy steel pipe (CWP) imports from South Korea at its annual review...
China's large display makers will put seven 10-generation LCD factories to work one by one from next year to 2020.
LCD Oversupply
8 December 2017 - 9:00am
Beginning next year, Chinese display makers will start the full-fledged operation of large-sized tenth-generation or later liquid crystal display (LCD) panel factories. As a result, some experts say...
Korea’s drug safety ministry approved the initiation of the third phase of the clinical trial of Furestem-AD, the world’s first stem cell-based atopic dermatitis drug.
Free from Atopic Distress
7 December 2017 - 12:30pm
Kang Stem Biotech announced on December 5 that the Ministry of Food and Drug Safety of South Korea approved the initiation of the third phase of the clinical trial of Furestem-AD, the world’s first...
Hanwha Energy won a 48-megawatt solar power generation project from the Energy Commission of Malaysia.
Solar Power Project in Malaysia
7 December 2017 - 12:30pm
Hanwha Energy announced on December 6 that it won a 48-megawatt solar power generation project from the Energy Commission of Malaysia. The project is to build a photovoltaic power plant in Perlis,...
South Korea’s annual natural gas imports from Russia is expected to increase from 1.5 million tons to five million tons.
S. Korea-Russia Business Council Launched
7 December 2017 - 11:30am
South Korea’s Presidential Committee on Northern Economic Cooperation holds its opening ceremony on December 7, appointing CJ Korea Express President and CEO Park Geun-tae as its first chairman. More...
KHNP president Lee Kwan-sup, UK Business Minister Greg Clark, Korean industry and energy minister Baek Woon-kyu, and KEPCO president Jo Hwan-ik (from the left) signed a memorandum in London on November 27 (local time).
Amid Nuclear Phase-out Policy
7 December 2017 - 10:30am
The Korea Electric Power Corporation (KEPCO) announced on December 6 that it has been selected as the preferred bidder for the acquisition of Toshiba’s shares in NuGen. The KEPCO and Toshiba are...
Samsung Heavy Industries (SHI) plans to raise 1.5 trillion won (US$1.37 billion) by selling new shares in a rights offering in its bid to proactively respond to lack of funds. (photo courtesy: SHI)
Issuing $1.37B Worth New Shares
7 December 2017 - 10:15am
Samsung Heavy Industries (SHI) announced on December 6 that it expects to post more than 700 billion won (US$640.15 million) in operating losses this year and next year and plans to raise 1.5...
Samsung Electronics set up sales target for next year, which is lower than this year’s sales figures.
Focusing on Premium TVs
6 December 2017 - 11:30am
Samsung Electronics Co., which has the largest share of the global television market, has made a sharp cut in its TV sales target for next year. According to electronics and parts industry sources on...
Samsung SDI signed a contract with Tesla to supply cylindrical batteries in its energy storage project in South Australia.
From Lucid to Tesla
6 December 2017 - 11:15am
Samsung SDI on December 5 that it signed a contract with Tesla to supply cylindrical batteries in its energy storage project in South Australia. The size of the contract is estimated at US$33 million...
Both Spain and the U.S. are likely to overtake South Korea in car exports before the end of this year
Falling Behind in Exports
6 December 2017 - 11:15am
It has been found that Mexico exported a total of 2,575,361 cars from January to October this year, beating South Korea by a margin of 458,722. Last year, Mexico exported 2,768,268 cars to beat South...
The Korean government has established a blockchain-based system for neighborhood electricity trading and electric vehicle (EV) charging.
Another Application of Blockchain
6 December 2017 - 10:45am
The Ministry of Science & ICT and the Korea Electric Power Corporation (KEPCO) announced on December 5 that they established a blockchain-based system for neighborhood electricity trading and...

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