Industry | BusinessKorea

Monday, March 19, 2018


Hyundai Motor’s five self-driving cars including the hydrogen-powered Nexo SUV succeeded in autonomous driving in a 190 km-long highway on February 2.
Long Distance Level-4 Self-driving
5 February 2018 - 11:30am
Hyundai Motor Company announced on February 4 that its five self-driving cars, including the hydrogen-powered Nexo SUV and the Genesis G80, succeeded in carrying out autonomous driving on February 2...
As Tesla's Giga Factory failed to work properly for the electric vehicle battery production, Samsung SDI and LG Chem are receiving unexpected windfalls.
An Opportunity from Tesla
5 February 2018 - 11:00am
The scarcity of secondary cylindrical batteries set off by Tesla is marking them emerging as a new growth engine item for LG Chem and Samsung SDI. As US electric car maker Tesla's battery plant Giga...
A new structuring of the state-run gas company KOGAS is on the way quite differently from the past.
For Stable, Cost-effective Gas Procurement
4 February 2018 - 8:15pm
Cheong Seung-Il, the president & CEO of KOGAS, said on February 1 that he will execute restructuring of the company. That is a follow-up measure of his implementing the ‘Emergency Management...
The Korean government is concerned about the explosion of people’s pent-up anger in the southeastern region of the country where mid-sized shipbuilders like STX Offshore were closed down in the advance of a local election.
Political Consideration
2 February 2018 - 12:00pm
It has been found that the government finally decided to revive STX Offshore and Shipbuilding and Sungdong Shipbuilding and Marine Engineering. Analysts say that the government said that it will give...
Doosan Engine will supply five engines to be loaded into five mega-container ships built by Daewoo Shipbuilding & Marine Engineering (DSME) for the global shipping company MSC.
Engine for Mega-container Ships
2 February 2018 - 11:45am
Doosan Engine announced on January 31 that the company inked a contract to supply five vessels engines worth 50 billion won (US$45 million). The contract is for the supply of five engines to be...
Han Chan-kun (center), president of POSCO E&C and Deb Bongbanichi (second from left), vice chairman of Longsong Petrochemicals are posing after signing an EPC deal in Ho Chi Minh City in Vietnam on Jan. 30.
Wharf Facility Construction in Vietnam
2 February 2018 - 11:30am
POSCO E&C announced on February 1 that the Korea-based global contractor signed a contract with Vietnam Long Son Petrochemical (LSP), a Vietnamese corporation of the Siam Cement Group, Thailand,...
Location map of the Long Son Petrochemical Complex in Vietnam.
$2 Billion Project in Vietnam
2 February 2018 - 11:00am
SK E&C announced on February 1 that the builder won an ethylene plant construction project which is the largest of the Long Son Petrochemical Complex project (about 5.78 trillion won) in Vietnam...
The ratio of domestic airlines’ operational leases is on the rise every year, .increasing from 40.8 percent in 2010 to 54.3 percent in September last year.
Solely Depending on Foreign Leasing Firms
2 February 2018 - 11:00am
South Korean airlines are paying about 3 trillion won (US$2.8 billion) of annual lease fees to overseas leasing companies in order to introduce new aircrafts due to the fact that there is no leasing...
Hyundai Motor India is going to re-release the Santro model in India in four years
Additional Investment
2 February 2018 - 10:15am
Hyundai Motor India announced on January 30 that it would invest more than US$1 billion in the local market to develop new cars, develop next-generation power trains, build new buildings, and so on....
POSCO is planning to work on steel materials harder and lighter than nonferrous metals for the automotive steel sheet sector whereas Hyundai Steel is going to focus on combinations incorporating aluminum, CFRP and so on.
Different Strategies
2 February 2018 - 9:45am
POSCO and Hyundai Steel have come up with different strategies and predictions about the future of the automotive steel sheet sector. POSCO is planning to work on steel materials harder and lighter...
CJ HealthCare CEO Kang Seok-hee (right) and NCPC GeneTech Biotechnology CEO Ma DongJie signed a contract for technology transfer regarding CJ-40001in Shijiazhuang, China on January 30.
Bio-technology Export
1 February 2018 - 11:30am
CJ HealthCare announced on January 31 that it signed a contract with NCPC GeneTech Biotechnology to export CJ-40001, a second-generation erythropoietin (EPO) biosimilar. According to the contract, CJ...
In 2017, the rapid growth of exports of environment-friendly cars such as light cars ramped up exports of passenger cars in three years.
Amid Car Exports Shrinking in Q4
1 February 2018 - 11:00am
In the fourth quarter of last year, overseas inventory adjustments pulled down passenger car exports in about a year. On the other hand, last year, the rapid growth of exports of environment-friendly...


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