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Sunday, January 21, 2018

Industry

The shipments of the global LCD televisions this year is estimated at 210.63 million units, down 4.1 percent from last year.
Global TV Market
20 December 2017 - 12:00pm
The global liquid crystal display (LCD) television market is expected to shrink this year, while the organic light emitting diode (OLED) television market is forecast to show a remarkable growth....
CJ Freshway, a subsidiary of CJ Group, unfairly dismissed a dietitian who found a “mackerel with parasites” at a restaurant asked for improvement.
Reprehensible Thing to Do
20 December 2017 - 11:45am
CJ Freshway, a subsidiary of CJ Group, unfairly dismissed a dietitian who found a “mackerel with parasites” at a restaurant operating under a consignment agreement and asked the superior office to...
The sales of the content industry in 2017 came to 110.4 trillion won (US$101.75 billion), up 4.5 percent from last year.
‘Hallyu’ Going On
20 December 2017 - 11:30am
The sales of South Korea’s content industry reached 110.4 trillion won (US$101.75 billion) this year. This is the similar level of memory chips, a major export item of the country. According to the...
The carbon credit trading n South Korea is unlikely to be large in size.
Insufficient Supply of Carbon Credits
20 December 2017 - 11:15am
The South Korean government held a cabinet meeting on December 19 and assigned a carbon emission of 538.46 million tons for next year to 591 companies. Once the amount by company is determined, each...
92 percent of South Korea’s liquefied natural gas (LNG) importers were limited to six countries including Qatar.
Diversification of LNG Import
20 December 2017 - 10:15am
South Korea should create a stable supply environment to expand the development of natural gas, which is an environmentally friendly energy resource, by diversifying its importers, according to a...
The Korean defense industry points out that Korea is devoid of a control tower which can meet various demands from arms purchasing countries such as offset trade, guarantees and finance.
Devoid of Proper Support
20 December 2017 - 9:30am
Korea's leading defense exporters such as Daewoo Shipbuilding & Marine Engineering (DSME), Hanwha Land Systems and Korea Aerospace Industries (KAI) have hit a snag due to the wall of "offset...
The number of domestic pharmaceutical and biotech companies that are seeking to develop cell therapy products has greatly increased.
Curing Intractable Diseases
19 December 2017 - 12:30pm
According to industry sources on December 18, the number of domestic pharmaceutical and biotech companies that are seeking to develop cell therapy products has greatly increased. There are two...
Eight local banks, Korea Asset Management Corporation and K-Growth signed a memorandum of understanding on Dec. 18 to invest 500 billion won (US$459.35 million) in the master fund of the business structure innovation fund.
For Change in Restructuring Frame
19 December 2017 - 11:45am
The master-feeder “business structure innovation fund” will be launched in the first half of next year to change the corporate restructuring frame from the government-centered to market-centered....
KOGAS Acting President Ahn Wan-gi (left) and CNPC President Zhang Jianhua pose pose after signing an MOU for cooperation in natural gas business in Beijing on Dec. 15.
S. Korea-China Cooperation in Gas Sector
19 December 2017 - 11:00am
Korea Gas Corporation (KOGAS) signed a memorandum of understanding (MOU) with China National Petroleum Corporation (CNPC) in Beijing on December 15 for cooperation in natural gas business. CNPC,...
SM Line is planning to open routes to the east and west coasts of the US while proposing a cooperation with Hyundai Merchant Marine (HMM) in the first half of next year.
Opening New Routes to US
19 December 2017 - 10:45am
SM Line is planning to open routes to the east and west coasts of the US in the first half of next year. "We are proposing various cooperation measures including joint operations with Hyundai...
A total of 203.6 billion won is invested for R&D in the nuclear industry next year and approximately one-third of the investment is spent on nuclear power plant safety, security and decommissioning technology.
Nuclear Power R&D Direction
19 December 2017 - 10:30am
The Ministry of Science and ICT released the South Korean government’s nuclear technology development plan for next year on December 18. According to the plan, a total of 203.6 billion won (US$183...
Minister of Trade, Industry and Energy Baek Woon-kyu (left in the front row) and Minister of SMEs and Startups Hong Jong-hak (right in the front row) at a National Assembly meeting on December 18
New Administration’s 1st Industrial Policy
19 December 2017 - 10:15am
The Ministry of Trade, Industry and Energy reported the direction of the government’s industrial policy to the National Assembly on December 18. According to the policy, electric and autonomous...

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