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Archive by category Manufacturing

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

SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s chip exports are expected to continue to post solid growth and surpass US$10 billion in monthly shipments during the first half of this year, industry experts said Sunday. Exports of semiconductors soared 53.8 percent on-year to $9.86 billion in January — the second-largest ever monthly sales — according to the Ministry of Trade, Industry and Energy. In September last year, exports of semiconductors soared 73.3 percent on-year to an unprecedented $9.88 billion, and [...]

Gov’t to Extend Exemption on Public Charges for Manufacturing Startups

SEOUL, Feb. 26 (Korea Bizwire) — The government said Saturday that it will extend exemptions on various charges for manufacturing startups, translating into sizable benefits going forward. The Ministry of SMEs and Startups said the recent passage of the small and medium enterprise (SME) support plan through parliament will permit newly founded companies to be [...]

Samsung Denies That It Will Enter OLED Business

SEOUL, Feb. 22 (Korea Bizwire) – Samsung Electronics Co. on Thursday denied media reports that the South Korean tech giant will expand into the organic light-emitting diode (OLED) TV business. The denial comes amid local reports suggesting that Samsung Electronics is on the verge of turning back to OLED TV, which is championed by numerous TV makers, including its local archrival, LG Electronics [...]

S. Korean Shipbuilders Mired in Losses

SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s leading shipbuilders and one of its shipping firms have been mired in losses due to unsuccessful restructuring efforts, industry data showed Tuesday. The cumulative net loss of Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, came to more than 7 trillion (US$6.5 billion) from [...]

S. Korean Washers Top Rated in Major U.S. Consumer Review

SEOUL, Feb. 19 (Korea Bizwire) – South Korean washers have received top-notch grades from a major U.S. product evaluator, even after Washington slapped steep tariffs on some of their products, industry watchers said Saturday. Among the top 15 large-capacity washing machines selected by U.S.-based industry tracker Consumer Reports, eight models were made by two South Korean tech giants — Samsung Electronics Co. and LG Electronics Inc. Three LG washers were selected in the category of [...]

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

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

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

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 [...]

Samsung Electronics Mulls Building 2nd Chip Line in S. Korea

SEOUL, Feb. 6 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. is pushing to build a second chip-production line near Seoul, industry sources said Tuesday, amid rising demand for semiconductors. The tech giant is in talks with officials in Pyeongtaek over a new chip-production line in that city, an insider said, although no [...]