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Archive by category Manufacturing

Samsung, Qualcomm to Produce Industry’s First 10 nm Server Processor

Samsung, Qualcomm to Produce Industry’s First 10 nm Server Processor

SEOUL, Nov. 9 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will start mass production of Qualcomm Inc.’s new server processors manufactured with the 10 nm production process for the first time in the industry. Under the foundry deal, the South Korean tech giant said it will produce the Centriq 2400, which is aimed [...]

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

LG Preparing for All Possibilities, Tougher U.S. Market Barriers

SEOUL, Nov. 7 (Korea Bizwire) — LG Electronics Inc. said Tuesday it is preparing for all possibilities amid concerns that the United States may come up with tougher protectionism policies against foreign home appliances. Washington’s International Trade Commission concluded last month that washing machines produced overseas by South Korean firms, including LG Electronics, are hurting [...]

SK Holdings to Spend US$60 Million in North American Fashion Brands

SK Holdings to Spend US$60 Million in North American Fashion Brands

SEOUL, Nov. 6 (Korea Bizwire) – SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Monday that it has decided to invest a combined US$60 million in two North Americanfashion brands in a bid to diversify its revenue sources. SK Holdings said it will make the investment in Canada-based Mackage and U.S.-based fashion firm Alice+Olivia. The latest deal follows the purchase of a stake in a Chinese meat-processing firm last month. SK Holdings did not reveal the [...]

POSCO Q3 Net Almost Doubles on Strong Demand

POSCO Q3 Net Almost Doubles on Strong Demand

SEOUL, Oct. 26 (Korea Bizwire) – South Korean steelmaker POSCO said Thursday Thursday its third-quarter profit almost doubled from a year earlier onhigher demand for steel products. Net profit for the July-September quarter soared to 907 billion won(US$806 million), up 91 percent from 476 billion won a year earlier, the company said in a statement. Operating profit climbed 8.8 percent on-year to 1.13 trillion won in the third [...]

Renault Samsung Flying High in Harbour Report’s List of Most Productive Manufacturing Plants

Renault Samsung Flying High in Harbour Report’s List of Most Productive Manufacturing Plants

SEOUL, Oct. 25 (Korea Bizwire) – Automakers Renault Samsung and GM Korea found themselves on opposite ends of the spectrum in a listing of manufacturing plants with the highest productivity, per the ’2016 Harbour Report’, derived by utilizing HPU figures (Hours Per Unit) provided by global consulting firm Oliver Wyman. Renault Samsung’s Busan-based manufacturing plant [...]

Samsung to Test Automotive LED Products with Germany’s TUV SUD

Samsung to Test Automotive LED Products with Germany’s TUV SUD

SEOUL, Oct. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will work with Germany-based TUV SUD to certify the performance of its light-emitting diode (LED) products for automobiles. TUV SUD is a German inspection and certification firm that boasts a history of testing automobile parts going back more than 100 years. Under the agreement, Samsung will have its LED products verified by TUV SUD, ensuring performance and reliability for consumers. Products that pass tests [...]

Doosan Infracore, Hyundai Expanding Presence in Emerging Markets

Doosan Infracore, Hyundai Expanding Presence in Emerging Markets

SEOUL, Oct. 24 (Korea Bizwire) — South Korean construction equipment makers, led by Doosan Infracore Co., are witnessing a surge in sales of excavators in India and other emerging countries in addition to their stellar performance in China, industry sources said Tuesday. In the first half of the year, Doosan Infracore saw its sales in [...]

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 [...]