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Thursday, January 18, 2018

Industry

Copying with ‘Green Trade Barrier’
28 December 2017 - 11:00am
An institutional base will be established for Korean exporters to cope with the “green trade barrier” as early as this year. According to the Ministry of Trade, Industry and Energy on December 27,...
The amount of construction contracts in the Middle East grew to US$14.5 billion (15.6 trillion won) this year, making up for the decline in other regions.
Rebounding but Not Much
28 December 2017 - 10:30am
The number of overseas contracts won by South Korean construction firms, which was on the decrease, has shown a rebound for the first time in three years. The industry believes that the worst...
Korea’s industry ministry launched the ‘Aviation Industry Convergence Alliance’ to help ICT- and aviation-related companies and research institutions to develop the avionics market.
Developing Avionics Businesses
28 December 2017 - 10:00am
Corporate Korea will develop the avionics market in earnest, including the launch of the Aviation Industry Convergence Alliance after a drone industry alliance. The Ministry of Trade, Industry and...
The Korean government has decided to pursue the photovoltaic mine project to install solar power facilities in abandoned coal mine areas.
New Income Model
28 December 2017 - 10:00am
A photovoltaic mine project will be gone ahead with at abandoned mine sites in Gangwon-do. Moreover, dormant and abandoned areas all over the nation that have been neglected will be turned into solar...
Samsung smart TV providing songs and movies with various content suppliers such as Amazon and Netflix. (photo courtesy: Samsung Electronics)
Led by Korean Makers
27 December 2017 - 10:45am
According to market research firm IHS Markit on December 26, smart TVs are expected to account for more than 60% of the global TV market this year. The ratio increased from 13% to 35.3% between 2011...
The Korean industry ministry gave a conditional approval for LG Display’s OLED TV panel plant construction in Guangzhou, China.
Conditional Permission
27 December 2017 - 10:45am
The Ministry of Trade, Industry & Energy held a meeting on December 26 and gave a conditional approval for LG Display’s OLED TV panel plant construction in Guangzhou, China. “We approved the...
KOGAS is uploading LNG to an LNG tanker after developing a gas field on a coal bed in Queensland, Australia.
Gathering In
27 December 2017 - 10:30am
KOGAS announced on December 26 that the company began collecting about US$24 million from investment in the GLNG (Gladstone Liquefied Natural Gas) project in Australia. The GLNG project is to develop...
The Hyundai 'Solaris' manufactured in Russia. (photo courtesy: Hyundai Motor)
Eying On Increase in Local Procurement
27 December 2017 - 10:15am
Hyundai Motor management visited Kamaz, a Russian automobile company and discussed a possibility of establishing a joint venture (JV) for parts production with the Russian automaker, according to the...
Korean battery manufacturers are seeking to lower battery prices through the development of new materials and mass production.
To Meet the Era of EV
27 December 2017 - 9:30am
The global electric vehicle (EV) sales are expected to surpass 1 million units this year. In a bid to dominate the rapidly growing EV battery market, South Korean battery manufacturers are seeking to...
Smilegate’s “CrossFire: Chamgjeon Wangja” was the last game that acquired a service license from China in February this year.
Blocking Korean Games
26 December 2017 - 11:15am
South Korean games have not been able to enter the Chinese market for 10 months now. As President Moon Jae-in recently visited China, China was expected to resume the issuance of new service licenses...
OLED TVs are expected to account for more than 50% of the global sales of TVs priced at US$2,500 or more next year.
Even Cheaper Than LCD
26 December 2017 - 11:00am
According to market research firm IHS Markit December 25, OLED TVs accounted for no less than 43.5% of the global sales of TVs priced at US$2,500 or more for the first three quarters of this year....
Since Daewoo built its plant in Gunsan to manufacture its first sedan Nubira in 1997, South Korean automakers have built no factory at all in the nation.
No Factory Construction for 25 Years
26 December 2017 - 10:45am
South Korean automakers have built no factory at all in South Korea since February 1997, when Daewoo built its plant in Gunsan to manufacture 300,000 vehicles a year, according to industry sources on...

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