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DuPont to Invest US$28 mln in S. Korea to Build Material Production Line

DuPont to Invest US$28 mln in S. Korea to Build Material Production Line

SEOUL, Jan. 9 (Korea Bizwire) — U.S.-based chemical firm Dupont on Thursday announced its plan to invest US$28 million in South Korea to build a production line for photoresist, which can potentially help Asia’s No. 4 economy reduce its dependence of the key industrial material on Japan amid their trade spat. Under the project, Rohm [...]

Korean Firms Brace for Potential Fallout from Mideast Tensions

Korean Firms Brace for Potential Fallout from Mideast Tensions

SEOUL, Jan. 6 (Korea Bizwire) — South Korean refiners and petrochemical companies are bracing for potential fallout from the U.S. killing of a top Iranian general, which has already sent global oil prices higher, industry sources said Monday. The fatal drone strike on Gen. Qassem Soleimani, the head of Iran’s elite Quds Force, on Friday [...]

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual order targets, industry sources said Sunday. According to the sources, South Korean shipbuilders have [...]

SK hynix Hits Yearly High on Strong Foreign Buying

SK hynix Hits Yearly High on Strong Foreign Buying

SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]

S. Korea to Nurture Industry for Eco-friendly Vessels

S. Korea to Nurture Industry for Eco-friendly Vessels

SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s Cabinet approved a motion on Tuesday that centers on nurturing industries for eco-friendly vessels to better deal with tightened international regulations and reduce emissions of fine dust. The trade ministry said it would roll out a set of measures to speed up the development and supply of [...]

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 [...]