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Thursday, August 24, 2017

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The Bank of Korea said that more attention should be paid to the potential negative effects  following the introduction of new robot technology.
Potential Negative Effect
21 August 2017 - 11:30am
The Bank of Korea said in its report that more attention should be paid to the potential negative effects on employment and income distribution which can result from the introduction of new robot...
The South Korean shipbuilding industry has lost the world’s largest container ship deals to Chinese companies.
Reflecting Intense Competition
21 August 2017 - 11:30am
The South Korean shipbuilding industry is in shock after it has lost the world’s largest container ship deals to Chinese companies. It is a symbolic event that shows the two countries’ intense...
The production and exports of Korea’s major industries such as automobile, shipbuilding, textile and communication equipment will decrease starting from 2025.
Losing Competitiveness
21 August 2017 - 11:30am
Most of South Korea’s key industries, except for some industries including semiconductor, are highly likely to shrink dramatically in 10 years. According to a report titled “future vision and...
Connected cars which are called “4-wheel smartphones” have started running on actual roads.
Next Smartphone
21 August 2017 - 11:30am
Connected cars which are called “4-wheel smartphones” have started running on actual roads. Not only exsiting automakers but also information communication technology (ICT) companies have considered...
Foxconn is trying to transform itself into a general IT company through the acquisition of Sharp in Japan and Toshiba Memory, along with US$10 billion in LCD sector.
Adapting to Tastes of US
21 August 2017 - 11:15am
Foxconn, the world's largest IT equipment supplier on consignment basis, is emerging as the biggest threat to the Korean semiconductor and display industries. According to industry sources, Foxconn...
The market for counterfeit products in Shenzhen, China.
Country of Counterfeit
20 August 2017 - 4:30am
As US President Donald Trump signed an executive order to investigate infringements on intellectual property rights by Chinese companies, Chinese counterfeit goods are emerging as global issues. The...
Robert Lighthizer, Representative of US Trade Representative (USTR).
Causing Strong Resistance from China
20 August 2017 - 4:30am
The US Trade Representative (USTR) will begin a full-scale investigation into unfair trade practices, including China’s infringements on intellectual property rights, in accordance with an executive...
Korea’s Big Three shipbuilders remained the world's top three in terms of orders remaining.
Order Backlogs
19 August 2017 - 3:45am
Korea’s Big Three shipbuilders -- Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, Samsung Heavy Industries -- remained the world's top three in terms of orders...
India’s territorial disputes and trade war with China are expected to turn Indian market situations in favor of Samsung Electronics.
Due to Territorial Dispute
19 August 2017 - 3:45am
According to Chinese media reports on August 17, the Indian government imposed anti-dumping duties on 93 kinds of import product items from China. This includes a wide array of products including...
Samsung Electronics is pushing ahead with the construction of new fab Line 18 (tentative name) in the Hwasung Complex with the aim of starting construction in November.
For Increasing Foundry Competitiveness
19 August 2017 - 3:30am
Samsung Electronics will start the construction of Line 18 of Hwasung Plant with a total floor area of ​​300,000m2 by investing 6 trillion won (US$5.4 billion) in November to strengthen the...
South Korea and the United States will hold a special session of the Joint Korea-US Free Trade Agreement (FTA) Committee in Seoul on August 22.
FTA Revision Talks
19 August 2017 - 3:30am
South Korea and the United States entered into formal discussions to decide whether to revise the Korea-US FTA. The Ministry of Trade, Industry and Energy of Korea and the US Trade Representative (...
Kakao is expected to transfer its game business to its subsidiary Kakao Games and merge it into its holding company Kakao Games Holdings.
Stepping towards Holding Company
18 August 2017 - 12:45pm
Kakao will transfer its game business to its subsidiary Kakao Games and merge it into its holding company, Kakao Games Holdings. This move aims at boosting the efficiency of the game business, which...

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