Industry | BusinessKorea

Sunday, January 21, 2018


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...
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...
The Seoul District Court granted Lotte Group Chairman Shin Dong-bin a stay of execution on December 22, which will pick up some speed in the business group’s governance structure reform.
Along with Escaping Confinement
26 December 2017 - 10:15am
The Lotte Group’s governance structure reform is expected to pick up some speed with a stay of execution granted to Chairman Shin Dong-bin on December 22. The group launched Lotte Holdings as its...
A bird’s eye view of the Tung Chung New Town Reclamation project (the expansion of the east side) in Hong Kong. (photo courtesy: Samsung C&T)
Reclamation Project
26 December 2017 - 10:00am
Samsung C&T's Construction Division announced on December 25 that the division received an order from Hong Kong's Civil Engineering & Development Department for the construction of Tong Chung...
Major steel importing countries such as Canada, India and Japan are joining the US in bashing Korean steel.
Hard Time
26 December 2017 - 10:00am
While the United States is highly likely to mount its pressure on South Korea by way of Section 232 of the Trade Expansion Act of 1962, major steel importing countries such as Canada, India and Japan...
Tool for Breakthrough?
26 December 2017 - 9:45am
The Chinese government is showing a move to acquire and use Daewoo Engineering & Construction Co. for the One Belt, One Road project, an ambitious attempt to recreate some of the economic...
Kim Sang-jo, Commissioner of The Korea Fair Trade Commission (KFTC).
Reversing Merger Guideline
22 December 2017 - 10:45am
The Korea Fair Trade Commission (KFTC) determined on December 21 that Samsung SDI has to additionally sell its 4.04 million or so shares in Samsung C&T in order to do away with the circular...
Nongshim CEO Park Jun (left) and Ajinomoto CEO Takaaki Nishii, right, sign an agreement to set up a Nongshim-Ajinomoto joint venture at the signing ceremony held at the Ajinomoto headquarters in Tokyo, Japan, on Dec. 21
VONO Soup Production in Korea
22 December 2017 - 10:30am
Nongshim Co. will set up a joint venture with global food firm Ajinomoto Co. to manufacture Vono Soup in South Korea. The company announced on December 21 that it has signed an agreement to set up a...


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