Manufacturing Archives | Be Korea-savvy

Archive by category Manufacturing

Hyundai Merchant to Launch Unit Train Service to Europe Through China

Hyundai Merchant to Launch Unit Train Service to Europe Through China

SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Merchant Marine Co. said Tuesday it will soon launch a block train service to Europe via the Trans China Railway (TCR) from South Korea. The unit train service to Europe by way of China will be the first of its kind, although South Korean firms have already launched [...]

Tariff on LNG Imports Faces Backlash from Energy Firms

Tariff on LNG Imports Faces Backlash from Energy Firms

SEJONG, Dec. 12 (Korea Bizwire) — South Korean energy companies are resisting a recent government decision to impose a huge tariff on steel giant POSCO for its imports of low-priced liquefied natural gas (LNG), industry sources said Tuesday. The backlash comes after the Korea Customs Service (KCS) informed the country’s leading steelmaker on Nov. 30 [...]

Kumho Petrochemical Sues U.S. over Anti-dumping Duties

Kumho Petrochemical Sues U.S. over Anti-dumping Duties

SEOUL, Dec. 11 (Korea Bizwire) — South Korean chemicals maker Kumho Petrochemical Co. has filed a lawsuit against the U.S. government over the imposition of high anti-dumping duties on its synthetic rubber product, industry sources said Monday. In July, the U.S. Department of Commerce slapped anti-dumping duties of 44.3 percent on emulsion styrene butadiene rubber [...]

3 Out of 10 Top Shipowning Company Managers Eye New Ships in Next 12 Months

3 Out of 10 Top Shipowning Company Managers Eye New Ships in Next 12 Months

SEOUL, Dec. 5 (Korea Bizwire) — Three out of 10 shipowning company managers said they are likely to order new ships within the next 12 months, according to an industry report, in a sign that the maritime sector sees light at the end of the tunnel. SMM, the leading international maritime trade fair that takes [...]

Samsung SDS Wins Contract for Seoul Blockchain Project

Samsung SDS Wins Contract for Seoul Blockchain Project

SEOUL, Nov. 27 (Korea Bizwire) – Samsung SDS announced on Sunday it has won a contract for the Seoul Metropolitan Government’s new information strategy planning project, which could see blockchain technology adopted throughout the local government’s network. Through the new project, the Seoul government will develop a new blockchain model which could be adopted in various [...]

BASF Expands Production Facilities in S. Korea to Meet Asian Demand

BASF Expands Production Facilities in S. Korea to Meet Asian Demand

SEOUL, Nov. 27 (Korea Bizwire) — BASF, the world’s leading chemicals company, has expanded its production facilities in South Korea to meet growing demand in the domestic and Asian markets, the company said Monday. The German chemicals company has just started operation of a new electronic materials plant in Yeosu, 455 kilometers south of Seoul, [...]