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Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

SEOUL, Oct. 20 (Korea Bizwire) – Details of a report from the Bank of Korea released October 19 indicate that the recent boom in semiconductor manufacturing for domestic companies has led to increased plant and equipment investment, while employment figures remain nearly constant. The report identified the periods between the fourth quarters of 2002 and [...]

Samsung and LG Say Whirlpool’s Call for Safeguard Tariff Could Hurt Consumer Choice

Samsung and LG Say Whirlpool’s Call for Safeguard Tariff Could Hurt Consumer Choice

SEOUL, Oct. 20 (Korea Bizwire) — South Korean consumer electronics producers Samsung and LG have said American refrigerator manufacturer Whirlpool’s growing calls for U.S. trade authorities to impose safeguard tariffs on its rivals could restrict choices for consumers. The two South Korean electronics giants are increasingly having to defend their position in the U.S. refrigerator market [...]

Korean Air, Boeing Sign MOU for Chinook Helicopter Upgrade

Korean Air, Boeing Sign MOU for Chinook Helicopter Upgrade

SEOUL, Oct. 19 (Korea Bizwire) – Korean Air Lines Co. has signed a deal to partner with Boeing Co. to cooperate on technology in upgrading the CH-47 Chinook helicopter, the company said Thursday. The Korean flag carrier and the U.S. aircraft manufacturer signed a memorandum of understanding (MOU) for the partnership at the Seoul International Aerospace & Defense Exhibition (ADEX) 2017 being held in Seongnam, just south [...]

Doosan Infracore Posts Brisk Sales in Chinese Market

Doosan Infracore Posts Brisk Sales in Chinese Market

SEOUL, Oct. 16 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, continued to expand its presence in China’s excavator market, as the world’s No. 2 economy increased spending on infrastructure, industry sources said Monday. According to observers, Doosan Infracore sold a total of 718 excavators in China last month, more than [...]

Samsung Electronics Forecasts Record High Operating Profit for Q3

Samsung Electronics Forecasts Record High Operating Profit for Q3

SEOUL, Oct. 13 (Korea Bizwire) – South Korean tech giant SamsungElectronics Co. said Friday that its third-quarter operating profit is expected to have nearly tripled on-year, apparently on the sound returns from its computer chip business. Operating profit was estimated at 14.5 trillion won (US$12.8 billion), compared with 5.2 trillion won tallied a year earlier, the company [...]

Hankook Tire to Supply Tires for Honda Accord Sedan

Hankook Tire to Supply Tires for Honda Accord Sedan

SEOUL, Oct. 12 (Korea Bizwire) – Hankook Tire Manufacturing Co., the world’s seventh-biggest tiremaker by sales, said Thursday it has begun supplying high-performance tires to Honda Motor Co.’s Accord sedan. The Korean carmaker has supplied original equipment (OE) tires to the Japanese carmaker’s models, such as the Civic sedan and the CR-V SUV. It added [...]

U.S. Semiconductor Packaging Firm Files Lawsuit Against Samsung Electronics

U.S. Semiconductor Packaging Firm Files Lawsuit Against Samsung Electronics

SEOUL, Sept. 29 (Korea Bizwire) – A U.S.-based semiconductor technology company filed a lawsuit against Samsung Electronics Co. claiming patent infringement, industry sources said Friday. According to the sources, Tessera Technologies Inc. and its affiliates claimed Samsung Electronics made use of some 24 patented items, covering a wide range of semiconductor processing, bonding and packaging technologies. The Samsung products involved in the alleged infringements include the Galaxy S6, S7 and [...]