Industry | BusinessKorea

Thursday, January 18, 2018


Samsung Electronics and LG Electronics submitted their written opinions to the U.S. government to refute the report of the USITC on Korea washers.
Private-Public Efforts
13 December 2017 - 11:00am
Samsung Electronics and LG Electronics submitted their written opinions to the U.S. government to refute the report of the USITC on Korea washers.  The United States International Trade Commission (...
KOGAS achieved its investment recovery rate of 101.6% by recovering US$2.53 billion (cumulative crude oil recovery volume of 43.74 million barrels) from the Jubair project in Iraq.
Full Recovery
13 December 2017 - 9:45am
KOGAS announced on December 12 that the company recovered US$2.49 billion invested in the Jubair project, an oil and gas field development project in Iraq. KOGAS said that the company achieved its...
Samsung Electronics and its affiliates hired more employees in Vietnam at 160,000, than in South Korea. (photo courtesy: Samsung Electronics)
More Hiring in Vietnam Than in Korea
13 December 2017 - 9:30am
South Korean electronics companies, such as Samsung and LG, are leading the Vietnamese economy with large-scale investment and recruitment. In particular, Samsung Electronics and its affiliates hired...
Samsung Electronics R&D Campus in Seoul, South Korea.
R&D Investment
12 December 2017 - 11:00am
Samsung Electronics joined the group of the top 5 firms in terms of research and development (R&D) in the world for six consecutive years. But its ranking went down by two notches from the...
Innocean’s acquisition of D&G will not only boost its sales but also expand its global markets.
For Global Sales Expansion
12 December 2017 - 10:45am
Innocean, an affiliate advertising agency of Hyundai Motor Group, is seeking to acquire David & Goliath (D&G), a LA-based advertising agency responsible for Kia Motors America. According to...
An aerial view of Samsung Electronics’ home appliances manufacturing plant which is currently under construction in Newberry, South Carolina, in the US.
New Investment Before Safeguard Decision
12 December 2017 - 10:45am
Sputh Korean electronic giant Samsung Electronics Co. has signed a research and development (R&D) partnership with the two largest universities in the state of South Carolina in where the company...
The global demand for AMOLED displays for smartphones is forecast to increase next year and new demands are expected to be created with regard to smart watches, tablet PCs, automobiles, etc.
Increasing Demand for AMOLED
12 December 2017 - 10:30am
According to industry sources, the total shipments of the global AMOLED display market are expected to increase from 422 million units to 1,536.6 million units between 2016 and 2022. Specifically,...
Mirae Asset plans to set up an innovation platform in where creative talents and innovative companies coexist in Pangyo, south of Seoul.
Platform for Innovation
12 December 2017 - 10:00am
Mirae Asset will create 1.8 trillion won (US$1.65 billion) of funds and invest in the project to develop a mega fourth Industrial platform-based complex in Pangyo, south of Seoul.   Mirae Asset...
South Korean shipbuilders are failing to distinguish themselves in the global cruise ship market.
Need for Attention to Leisure Ships
12 December 2017 - 9:45am
According to the Korea Trade-Investment Promotion Agency (KOTRA), 56 contracts were signed for new cruise ships and ferries around the world last year whereas the average had been 43 for the period...
Charging technology affects the formation of the electric car market as much as electric car technology itself.
Core for Competitive Edge
12 December 2017 - 9:30am
It is pointed out that Korea has to become more active about the development of electric car charging technology in order to preempt the future electric car market amid fierce competition for...
Some say that Samsung C&T won the project of constructing the underground expressway in Singapore at the excessive low prices in order to kill the rumors of the replacement of President Choi Chi-hun.
Overreaching in Attempt
11 December 2017 - 12:00pm
Criticism mounts as Samsung C&T won a large construction project abroad at excessive low prices again. It is appreciable that South Korea’s largest construction firm Samsung C&T saw its...
Korea National Oil Corporation (KNOC) has kept making an investment in Harvest, like a bottomless pit, after acquiring the cash-strapped Canadian crude oil developer in 2009.
Bottomless Pit
11 December 2017 - 11:30am
Korea National Oil Corporation (KNOC) has decided to provide 500 billion won (US$457.54 million) worth of additional payment guarantee to Harvest, a Canada-based resources developer, including oil,...


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