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Samsung Electro-Mechanics to Shut Down HDI Production Unit in China

Samsung Electro-Mechanics to Shut Down HDI Production Unit in China

SEOUL, Dec. 13 (Korea Bizwire) — Samsung Electro-Mechanics Co., an electronic components maker affiliated with Samsung Electronics, said Thursday it will shut down one of its Chinese units that produces high density interconnect (HDI) substrates due to low profitability. Kunshan Samsung Electro-Mechanics Co. in Jiangsu, China, will halt production and sales, Samsung Electro-Mechanics said, adding [...]

Doosan Bobcat to Acquire Schiller Grounds Care’s Zero-turn Mower Biz

Doosan Bobcat to Acquire Schiller Grounds Care’s Zero-turn Mower Biz

SEOUL, Dec. 3 (Korea Bizwire) — Doosan Bobcat Inc., a compact construction equipment maker under South Korea’s Doosan Group, said Tuesday it will acquire the zero-turn mower business of U.S. grounds care equipment manufacturer Schiller Grounds Care Inc. Under the agreement, Doosan Bobcat will acquire Schiller Grounds Care’s manufacturing facility in Wisconsin and its three [...]

SK Energy Set to Complete Desulfurization Facility in S. Korea

SK Energy Set to Complete Desulfurization Facility in S. Korea

SEOUL, Dec. 1 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, said Sunday its desulfurization facility in the country will be completed by January, with its commercial operation likely to start in March. Since 2017, SK Energy has spent 1 trillion won (US$846 million) on building the vacuum [...]

S. Korea’s Chip, Display Industries Intact from Japan’s Export Curbs

S. Korea’s Chip, Display Industries Intact from Japan’s Export Curbs

SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s chip and display industries, the backbone of Asia’s No. 4 economy, have remained intact since Tokyo’s export curbs against the Asian neighbor, Seoul’s trade ministry said Sunday. The country’s top four tech giants — Samsung Electronics Co., Samsung Display Co., SK hynix Inc. and LG Display Co. [...]

Doosan Infracore Unveils High-tech Control System for Construction Sites

Doosan Infracore Unveils High-tech Control System for Construction Sites

SEOUL, Nov. 20 (Korea Bizwire) — Doosan Infracore Co., South Korea’s leading construction equipment maker, on Wednesday introduced a comprehensive control system for the management of construction sites with unmanned and automated technologies. Doosan Infracore demonstrated “Concept-X” at its test center in Boryeong, South Chungcheong Province, 140 kilometers south of Seoul, with officials from Bosch, [...]

Refiners Brace for IMO 2020 with Desulfurization, Upgraded Facilities

Refiners Brace for IMO 2020 with Desulfurization, Upgraded Facilities

SEOUL, Nov. 12 (Korea Bizwire) — South Korean refiners said Tuesday they’re ready to cope with new International Maritime Organization (IMO) regulations on sulfur content in marine fuel with desulfurization and upgraded facilities. Starting Jan. 1, 2020, the IMO’s new rule will go into effect limiting the sulfur cap of marine fuel to 0.5 percent [...]