SEOUL, Jun. 15 (Korea Bizwire) — Have you ever wondered how BMW’s Dingolfing plant can produce 1,600 cars a day? Its so-called ‘breathing system’, in which assembly workers can be dispatched to particularly busy BMW plants nearby, and its ‘working time account’ system, which enables workers to save and ‘use’ their working hours just like [...]
SEOUL, June 3 (Korea Bizwire) – Parkland, a Korean suit-maker, entered into an agreement with a social enterprise to upcycle unused stock fabric by making bags and pouches with the material that would otherwise have been discarded. Parkland signed the MoU with Ecoin Blank to offer discarded stock fabric, and the social enterprise will make upcycled [...]
SEJONG, Jun. 2 (Korea Bizwire) — Korea will develop a 6,000 meter underwater walking robot with multiple crab-like legs to excavate shipwrecks or objects of maritime or historical interest. According to the Korea Research Institute of Ships and Ocean Engineering (KRISO), hardware for the ‘Crabster’ CR6000 that can walk or swim with six legs will be [...]
SEJONG, May 29 (Korea Bizwire) – South Korea’s industrial output dropped at a faster clip in April than a month earlier, a government report showed Friday, escalating concerns over the performance of Asia’s fourth-largest economy. According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries was down 1.2 percent [...]
SEOUL, May 27 (Korea Bizwire) – As the distribution of smartphones loaded with games and web browsers increases, the possibility of safety accidents is soaring accordingly. To reduce such mishaps related to mobile phone usage, Hyundai Samho Heavy Industries is promoting a campaign urging its workers to refrain from using their phones while working. The [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Heavy Industries (HHI) recently set a milestone with the delivery of its 2,000th ship. The achievement is an unprecedented record, unmatched by shipyards in Europe and Japan with more than 100 years of shipbuilding history. On May 25, HHI announced that it became the world’s first shipbuilder to deliver [...]
SEOUL, May 17 (Korea Bizwire) — POSCO Co., South Korea’s largest steelmaker, likely will sign a comprehensive cooperation deal with South Arabia’s sovereign wealth fund next month that includes the sale of a stake in its construction unit, industry sources said Sunday. POSCO was supposed to complete the deal with the Public Investment Fund (PIF) [...]
PAJU, May 17 (Korea Bizwire) — The police investigation of the nitrogen leak at an LG Display plant that caused the loss of three lives and three injuries ended with the indictment of 16 employees on charges of negligent homicide four months after the tragic accident. The Paju Police Station requested arrest warrants for two [...]
SEJONG, May 15 (Korea Bizwire) — South Korea’s trade commission said Friday that it will close an anti-dumping probe into steel beam products made by seven Chinese companies as they have agreed to jack up their prices voluntarily. In late July 2014, the Korea Trade Commission (KTC) started an anti-dumping investigation into H-beam imports from [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high in the first quarter of 2015, data showed Tuesday, helped by Samsung Electronics Co.’s efforts to push ahead with its latest 20-nanometer products. The combined market share of Samsung Electronics and its [...]