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Monday, January 23, 2017

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Lonza’s lack of cash due to its acquisition of Capsugel can be an opportunity for Samsung Biologics.
Contract Manufacturing Race
18 January 2017 - 11:15am
Late last year, Lonza Group announced that it would acquire pharmaceutical capsule manufacturer Capsugel for US$5.5 billion in order to provide integrated services ranging from new drug development...
Hyundai-Kia Motors Group plans to invest about US$3.1 billion in the U.S. market in the next five years.
Investment in US
18 January 2017 - 11:15am
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will increase their investment in the U.S. by 50 percent over the next five years to US$3.1 billion (3.63 trillion won). Chung Jin-haeng,...
The currency swap agreement between South Korea and China might be expired without extension in October this year.
Currency Swap Talks
18 January 2017 - 11:00am
The Ministry of Strategy & Finance of South Korea announced on January 17 that the currency swap agreement between South Korea and China might be expired without extension in October this year...
OOCL is now predicted to be the next victim of huge M&A movement in the global shipping industry.
Paradigm Change?
18 January 2017 - 11:00am
The stock price of Orient Overseas International Ltd., the parent company of Hong Kong-based ocean carrier Orient Overseas Container Line, have jumped more than 20 percent at the Hong Kong stock...
Jung Sung-lip, CEO of Daewoo Shipbuilding & Marine Engineering (DSME) was summoned as a suspect by the prosecution on the charge of fraudulent accounting on Jan.17.
Another Hurdle to Normalization
18 January 2017 - 10:45am
On January 17, Jung Sung-lip, CEO of Daewoo Shipbuilding & Marine Engineering (DSME) was summoned as a suspect by the prosecution on the charge of fraudulent accounting, casting clouds over the...
The South Korean government tries to attract more foreign financial companies into the South Korean market by means of its National Pension Service (NPS).
Leveraging National Pension
18 January 2017 - 10:30am
The Financial Services Commission of South Korea is planning to release a new plan in March this year in order to attract more foreign financial companies into the South Korean market by means of its...
Parrot, which used to be the number one in the drone industry, has been overtaken by Chinese drone manufacturer DJI.
Survival Means Everything
17 January 2017 - 12:15pm
According to industry sources, Parrot, the second-largest drone manufacturer in the world, is planning to lay off one-third of its employees. This is because the company’s sales stood at 85 million...
Participants in Kumho Tire’s Vietnam multicultural family program leave for their home country.
Multicultural Family Support
17 January 2017 - 12:15pm
Kumho Tire Co. has helped Vietnamese women and their children to visit their home country through “South Korea-Vietnam Multicultural Family Visiting Home Country” program, which has been carried out...
The inauguration ceremony for new Hyosung chairman Cho Hyun-joon.
New Start of Hyosung Group
17 January 2017 - 12:15pm
Cho Hyun-joon was inaugurated as new chairman of the Hyosung Group in the inauguration ceremony at the group’s head office in Mapo, Seoul, with the participation of group employees on January 16. "...
Korea Grand Sale 2017 event takes place from January 20 to February 28.
Korea Grand Sale 2017
17 January 2017 - 11:45am
On January 20, the Visit Korea Year Organizing Committee will hold the opening ceremony of the Korea Grand Sale, a shopping and tourism festival for foreigners in the plaza fronting Doota Mall in...
Hyundai Motor’s Solaris, marketed as the Accent elsewhere, became the best-selling car in the Russian market for the first time.
Best Car in Russia
17 January 2017 - 11:15am
According to the Association of European Businesses (AEB) on January 16, the Hyundai Solaris sold 90,380 units in Russia last year, becoming the best-selling car among all vehicles sold in the...
Kia Motors saw its sales increase in Mexico by a whopping 427 percent last year in two years after it entered the market.
On Rolling in Mexico
17 January 2017 - 11:15am
Kia Motors Corp., South Korea's No. 2 automaker, saw its sales increase by a whopping 427 percent last year in two years after it entered the Mexican market. As sales of Hyundai Motor also grew by 38...

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