Industry | BusinessKorea

Monday, March 19, 2018


A number of luxury goods brands including Balenciaga Louis Vuitton and Prada produce their products in Eastern European countries and China and then just attach labels in Italy.
Luxuries like Fakes
13 February 2018 - 10:45am
It has been found that Balenciaga replaced its Triple S Sneakers made in Italy with the same product made in China in the South Korean market without any notification. This change in country of...
LDM-based UHD and mobile HD broadcasting of the 2018 Winter Olympics. (photo courtesy of ETRI)
UHD Services for US TV Watchers
13 February 2018 - 10:30am
The Electronics and Telecommunications Research Institute (ETRI) of South Korea announced on February 12 that it worked with CBC to broadcast the 2018 Winter Olympics live in UHD and mobile HD in the...
SK Chemicals Co has clinched an agreement to license its cell culture vaccine manufacturing technology to Sanofi Pasteur for development of a universal influenza vaccine.
Export of Drug Technology
13 February 2018 - 10:00am
SK Chemicals Co., a South Korean vaccine maker, has signed an agreement to transfer and license its high efficiency influenza vaccine production technology to global vaccine leader Sanofi Pasteur Inc...
Korea’s industry and trade minister Baek Woon-kyu said that he had asked GM Korea for its plan to improve its business in the long term at a small business and venture committee meeting of the National Assembly on Feb. 12.
Response to GM’s Request
13 February 2018 - 9:45am
South Korean Minister of Trade, Industry & Energy Baek Woon-kyu said on February 12 that he had asked GM Korea to inform him of how it will improve its business in the long term. His remark came...
The Fair Trade Commission (FTC) of Korea found that Benz-Mercedes Korea took advantage of dealers by lowering the ratio of their “fixed margins” or forcing them to order 1.5 times more cars than they need.
Taking Advantage for More Margins
12 February 2018 - 12:15pm
The Fair Trade Commission (FTC)of South Korea investigated Benz-Mercedes Korea and confirmed the most of facts that the official importer of Mercedes Benz cars took advantage of dealers by lowering...
Koo Young-ki, head of Hyundai Motor India is introducing the electric car Ioniq at the 'Auto Expo 2018' (Delhi Motor Show) in Greater Noida near New Delhi, India.
First Korean EV in India
12 February 2018 - 10:15am
According to the automobile industry on February 11, Hyundai Motor is planning to launch nine models including electric cars by 2020, and will assemble and produce electric cars locally beginning...
Hyundai Merchant Marine is expected to place orders of 20 vessels –- 12 12,000-TEU vessels and eight 13,000-TEU vessels –- one by one, starting in March.
Survival Based On Economic Scale
12 February 2018 - 10:15am
Hyundai Merchant Marine, virtually the only large ocean-going shipping company of Korea will start ordering ultra-large vessels that can transport 22,000 20-foot containers beginning next month at...
The South Korean government may be forced to consider plan B such as purchase of GM Korea’s plant in Gunsan that may be left by GM.
What Should Come First?
12 February 2018 - 9:30am
A tug of war between the General Motors headquarters and the South Korean government over GM Korea’s survival has been resumed in nine years. GM is claiming that it has no choice but to withdraw from...
The cover of the Sustainable Buildings and Infrastructure.
Sustainability in Construction Sector
9 February 2018 - 12:15pm
Hanmi Global Co. announced on Feb. 8 that it has published the second English edition of Sustainable Buildings and Infrastructure, a book that provides the trend of the global eco-friendly...
Hankook Tire’s sales rose largely due to the growth in sales of tires that are larger than 17 inches.
Improving Premium Image
9 February 2018 - 12:00pm
Hankook Tire Co. announced on Feb. 8 that it posted 6.81 trillion won (US$6.21 billion) in sales and 793.7 billion won (US$723.85 million) in operating profits last year. Its sales grew 2.9 percent...
Japan Diplay's low temperature poly silicon (LTPS) TFT LCD panels applied to tablet devices.
China’s Chase beyond TV LCD
9 February 2018 - 11:45am
According to market research firm IHS Markit, the global low temperature poly silicon (LTPS) TFT LCD panel shipments reached 620 million units last year, up 21% from a year ago. China-based Tianma...
Samsung Engineering received a letter of acceptance on an US$3.1billion crude flexibility project from ADNOC Refining Corp., a government-run refining company of the UAE.
Result from Collaboration
9 February 2018 - 11:15am
Samsung Engineering succeeded in winning a contract worth US$3.1 billion for oil refinery plant construction from the United Arab Emirates (UAE) with Dutch builder CB&I. Of the total order amount...


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