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Korean Shipbuilding Industry Achieves Triple Crown
Three in a RowAccording to industry sources and London-based market researcher Clarkson Research Services on June 11, Korea recorded 4.332 million Compensated Gross Tonnage (CGT) as of May. China...
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Accumulative Overseas Construction Orders Surpass US$700 Billion in 50 Years
Building ElsewhereDomestic construction companies’ accumulative overseas construction projects surpassed US$700 billion (778.26 trillion won) half a century after they first tapped into the global...
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Local Research Team Brings Nano Devices Closer to Mass Production
UltrasonicA Korean research team has successfully developed a technology to join nanowires, which is the most important factor in commercializing nanoscale devices. This ultrasonic method is expected...
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Inside 3D Printing Conference & Expo 2015 Starts Next Week
3D PrintingThe Inside 3D Printing Conference & Expo 2015 is to be held at KINTEX from June 24 to 26. The event is co-organized by MecklerMedia from the U.S. and South Korea's KINTEX.The conference...
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Samsung Refutes Rumors of Giving Up on Merger between Samsung C&T and Cheil...
Maintaining CourseRegarding the report from the securities industry on June 15 that the Samsung Group might give up on merging Samsung C&T and Cheil Industries, the group refuted the rumor head-on,...
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SK Innovation Stops Negotiation to Sell SK Lubricants
Giving UpSK Innovation has decided to break off its negotiations to sell its subsidiary SK Lubricants, which was pushed ahead in order to improve its financial structure.In the official announcement...
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Korean Gov't to Cultivate Small-Medium IoT Companies
Internet of Subsidized ThingsThe Korean government has decided to invest 5 billion won (US$4.5 million) in 67 projects to nurture start-ups and help small and medium-sized enterprises (SMEs) launch...
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Korea-EU to Cooperate on 90 Billion Won Projects in Nano, Bio, Energy, ICT
Joint ResearchSouth Korea and the E.U. will conduct a joint research project worth 90 billion won (US$80 million). Korea is aiming to expand cooperation for the “creative economy” using the E.U.'s...
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Major Korean Blue Chip Companies Looking to Leave KOSDAQ When Market is...
Market ShiftIn a recent survey conducted by a local economic daily, more than half of KOSDAQ-listed companies answered that stock market instability would increase and their business conditions would...
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AMOLED Display Market Accelerating Growth
Declining LCDsThe growth of the AMOLED display market is accelerating. The focus of the market is predicted to shift from mobile to TV as the profitability of LCD panels is on the decline.According to...
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New Types of Memory Semiconductors around Proverbial Corner
Memristors AhoyNext-gen memory semiconductor chips to take the place of DRAM and NAND flash are predicted to appear soon.According to industry sources, companies in the industry are regarding 16 nm as...
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Park In-bee Wins Third Straight Women’s PGA Championship
Historic RecordKorean golfer Park In-bee (27, KB Financial Group) has set a new milestone in golf history by becoming the first player to win a single major championship three times in a row and three...
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Hyundai Motor Overtakes Renault, BMW 1 Year after Entering Mexican Market
Top TenHyundai Motor joined the list of the top 10 car sellers in Mexico a year after the company entered the market. Also, its market share has reached 2 percent for the first time in a year, showing...
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KOSEP Sponsors Power-gen Europe 2015 to Support SMEs
Staunch SupportKorea South-East Power Co. (KOSEP) participated in an international exhibition, “Power-gen Europe 2015”, held in Amsterdam, Netherland, in a team with South Korean small and medium-sized...
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Technology Developed to Mass Produce Methanol Using Greenhouse Gases
Methane No MoreA Korean research team succeeded in developing an eco-friendly technology to turn CO2 and methane, which are considered to be main culprits in drastic climate change like global warming,...
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Avatar, Iron Man to Become Reality
ElectromyographyTechnologies that have been considered to be unfeasible are soon to be commercialized by a Korean research team.A research team from the Ministry of Science, ICT and Future Planning...
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Domestic Mobile TV Market Undergoing Rapid Change on Verge of Netflix Landing
Sidekicks WorriedThe domestic mobile TV market is about see a fundamental change as OTT service provider Netflix makes its debut in Korea next year, while the bad blood between terrestrial broadcasters...
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Korean Companies’ Shale Gas Projects in U.S. Picking Up Speed
Increased CarbonKorean gas companies are bracing themselves up in the American shale gas market.According to industry sources, E1 is currently recording an equity yield rate of 7 percent to 8 percent...
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Korea, Russia Agree to Continue Working Together in Energy Sector
Increasing CooperationThe Ministry of Trade, Industry & Energy announced on June 16 that it held the 14th Korea-Russia Energy Cooperation Committee meeting in Moscow to discuss bilateral...
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Korean Companies Concentrating on New Growth Opportunities
Tiding OverIn May last year, the Chinese government approved of POSCO’s project for building a three million ton integrated steel mill with Chongqing Iron and Steel Company. POSCO is scheduled to take...
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