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Tuesday, June 27, 2017

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A US-Japan-Korea consortium including SK Hynix has been selected as the preferred bidder for Toshiba’s memory chip business.
Near to Closing
22 June 2017 - 10:00am
A US-Japan-Korea consortium including SK Hynix has been selected as the preferred bidder for Toshiba’s memory chip business. The consortium have reportedly offered 20 trillion won (US$17.48 billion...
Chinese capital worth 468 billion won (US$410.13 million) slipped from the domestic stock market this year.
Attention to Money Flow
21 June 2017 - 2:00pm
Due to an anti-Korea sentiment over the deployment of the U.S. Terminal High Altitude Area Defense (THAAD) system and the tight money market in China, Chinese capital worth 468 billion won (US$410.13...
The Taiwanese government will invest NT$4 billion (US$131.38 million) over the next four years into the nation’s semiconductor industry.
Investment Competition
21 June 2017 - 2:00pm
According to industry sources and Taiwanese media reports on June 20, Taiwan’s Science and Technology Minister Chen Liang-gee attended a Phison Electronics’ new semiconductor production facility...
A patent image of Samsung’s smartphone case which charge a smart device, including the Gear S, wirelessly by placing on the top of the case.
Wearables Charged on Smartphones
21 June 2017 - 2:00pm
Samsung Electronics developed a wireless charging smartphone case that can charge a separate wearable smart device wirelessly by setting that device down onto the case and letting it rest there. It...
A continuous drop in crude oil prices would lead Korean oil refineries to be subject to facing headwinds.
Facing Headwinds
21 June 2017 - 1:45pm
Domestic refiners and petrochemical industries have been made tense by international oil prices’ continuing decline such as a seven month low. West Texas crude oil (WTI) and Brent crude oil hit US$44...
Korea’s three shipbuilders topped the list kept positions in the order backlog.
Keeping Top Position
21 June 2017 - 1:30pm
Korea’s “Big Three” shipbuilders maintained their world's top three positions in terms of remaining orders (order backlog). According to the June issue of the World Shipyard Monitor released by...
Risk-based Inspection Services
21 June 2017 - 1:30pm
Lloyd’s Register (LR) gained a new contract from S-Oil Corporation (S-Oil) covering the implementation of a fully integrated risk-based inspection (RBI) system, according to an industry resource on...
Kwon Hee-won, CEO of LIG Nex1 (right) and Michel A.G. Peters, CEO of NLR of the Netherlands signed an MOU on the development of a fighter-mounted training system at the Paris Air Show in France on June 19, 2017.
Fighter Training Project
21 June 2017 - 1:15pm
LIG Nex1 announced on June 20 that the company agreed to cooperate with the Netherlands Aerospace Center (NLR) in the field of software for a fighter-mounted training system at the Paris Air Show...
Yoon Woong-won (left), president of KB Kookmin Card and Kevin Kim, president of the Bank of Hope are posing for a photo after signing an agreement on strategic alliance at the Bank of Hope headquarters in Los Angeles on June 19 (local time).
Credit Card Business
21 June 2017 - 12:15pm
KB Kookmin Card signed a strategic agreement on joint business projects in the US with the participation of Yoon Woong-won, president of KB Kookmin Card and Kevin Kim, president of the Bank of Hope...
Chung Eui-sun, vice chairman of Hyundai Motor, introduces the Kona in "Hyundai Motor Studio Goyang" in Goyang City, Gyeonggi Province on June 13.
Ambitious Model of Vice Chairman
21 June 2017 - 12:15pm
The Kona, an ambitious model of Chung Eui-sun, vice chairman of Hyundai Motor, entered a mass production stage after some ups and downs. According to Hyundai Motor on June 20, representatives of the...
Korea’s service deficit with the United States last year inflated for the second consecutive year after climbing to US$14.09 billion in 2015.
Other Side of Coin
21 June 2017 - 11:45am
South Korea’s service trade deficit with the United States increased to its record level in 2016. According to "the international balance of payments by region (provisional) in 2016" released by the...
Kumho Tire creditors threatened that they would reconsider whether to retain their financial relations with Kumho Asiana Group if the sale of the company falls through.
Chicken Game?
21 June 2017 - 11:45am
Kumho Tire creditors, including the Korea Development Bank (KDB), made clear on June 20 that they would reconsider whether to retain their business relations with Kumho Asiana Group if the sale of...

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