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Major Tech Firm to Operate Assembly Lines During Lunar New Year Holiday

Major Tech Firm to Operate Assembly Lines During Lunar New Year Holiday

SEOUL, Feb. 13 (Korea Bizwire) — Major South Korean tech companies will keep their assembly lines up and running during this week’s Lunar New Year holiday due to rising demand at home and abroad, industry sources said Tuesday. Samsung Electronics, the world’s largest maker of chips said it plans to maintain normal operations at its [...]

Gov’t to Bolster Chip, Display Industries, Improve Localization

Gov’t to Bolster Chip, Display Industries, Improve Localization

SEOUL, Feb. 8 (Korea Bizwire) — The industry ministry launched a project Thursday to bolster the country’s semiconductor and display sectors through new technology development and localized production. The project will be driven by the “Gap 5″ strategy, under which South Korea will try to maintain a five-year lead compared to emerging economies in the [...]

S. Korea’s Domestic Supply in Manufacturing Down 3.3% in Q4

S. Korea’s Domestic Supply in Manufacturing Down 3.3% in Q4

SEJONG, Feb. 7 (Korea Bizwire) – South Korea’s total supply in manufacturing fell in the fourth quarter from a year earlier on a decline in domestic supply, government data showed Wednesday. The manufacturing domestic supply index — which measures both goods produced locally and brought into South Korea — declined 3.3 percent on-year to stand [...]

Samsung Electronics OKs Construction of 2nd Chip Line in S. Korea: Source

Samsung Electronics OKs Construction of 2nd Chip Line in S. Korea: Source

SEOUL, Feb. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has approved a preliminary investment plan to set up a second chip-production line near Seoul, an industry source said Wednesday. The Management Committee — the top decision-making body at Samsung Electronics — held a meeting earlier in the day and endorsed the [...]

S. Korean Airplane Overruns Runway During Air Show in Singapore

S. Korean Airplane Overruns Runway During Air Show in Singapore

SEOUL, Feb. 6 (Korea Bizwire) – One of South Korea’s aerobatic airplanes participating in an international air show in Singapore skidded off a runway Tuesday, but the aircraft’s pilot was safe and without major injuries, the South Korean Air Force said. The runway overrun by an airplane belonging to the Air Force’s Black Eagles air [...]

KAI to Promote Aircraft at Singapore Airshow for Deals

KAI to Promote Aircraft at Singapore Airshow for Deals

SEOUL, Feb. 6 (Korea Bizwire) – Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, will promote its products at this year’s Singapore Airshow for possible deals with foreign customers, the company said Tuesday. At the 2018 Singapore Airshow, which runs through Sunday, KAI showcased the KT-1 basic and the T-50 advanced trainers. It [...]

S. Korea’s Chip Exports Forecast to Continue Strong Growth in 2018: Report

S. Korea’s Chip Exports Forecast to Continue Strong Growth in 2018: Report

SEOUL, Feb. 5 (Korea Bizwire) — South Korean chip exports are expected to continue to post solid growth this year, though its pace may slow down from last year’s exponential expansion, a report showed Sunday. The Korea Institute for Industrial Economics & Trade (KIET) forecast the country’s exports will increase 18.6 percent in 2018, lower [...]

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

Samsung, LG Add New Logistics Facilities in U.S. over Safeguard Measures

SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Tuesday they have set up new logistics facilities in the United States in an apparent move to better cope with U.S. safeguard measures. Samsung Electronics America has signed a deal with a real-estate firm to lease a 421,000-square-foot facility in Edgefield [...]

Hankook Tire Expands Supply Deal with Scania

Hankook Tire Expands Supply Deal with Scania

SEOUL, Jan. 29 (Korea Bizwire) — Hankook Tire Manufacturing Co., the world’s seventh-biggest tiremaker by sales, said Monday it will supply tires to all Scania’s construction vehicles. Hankook Tire began to supply original equipment (OE) tires to the European commercial vehicle company in November 2016. In its latest deal, the tiremaker will supply OE tires [...]