SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Tuesday one of its major steel mills has returned to normal operations following a power outage the previous day. POSCO said that furnaces and other production facilities at its steel mill in Gwangyang, South Jeolla Province, some 420 kilometers southwest of Seoul, are [...]
SEOUL, Jul. 2 (Korea Bizwire) — Japan’s move to restrict tech material exports is an elaborate scheme to pressure South Korea’s key industry amid a bilateral diplomatic row, but the ripples could spread to both sides if the measures are broadly applied and last for a long time, industry watchers said Tuesday. The Japanese government [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korean chip and display makers are expected to embrace yet more uncertainty from Japan’s restriction of exports of key materials for their production amid diplomatic rows between the two nations, market watchers said Monday. The Japanese government said earlier in the day that it will strengthen regulations on [...]
SEOUL, Jun. 26 (Korea Bizwire) — S-Oil Corp., a major refiner in South Korea owned by Saudi Aramco, said Wednesday it has completed the construction of petrochemical production facilities in South Korea, which will help further raise its presence in the non-refining business field. In 2015, S-Oil, the third-largest refining firm in the country, started [...]
SEOUL, Jun. 25 (Korea Bizwire) — South Korea’s major shipbuilders are pinning high hopes on massive liquefied natural gas (LNG) carrier orders to be placed in the second half of this year, industry insiders said Tuesday, as they aim to sweep global orders to cement their status in the sector. As of last week, South [...]
SEOUL, Jun. 21 (Korea Bizwire) — Sales of Taihan Electric Wire Co., a major cable maker in South Korea, will be put in limbo, industry insiders said Friday, as the Seoul government plans to designate the company’s technologies as national core technologies. The Ministry of Trade, Industry and Energy announced Thursday that extra-high voltage cable [...]
SEOUL, Jun. 20 (Korea Bizwire) — South Korea’s No. 1 steelmaker, POSCO, was the top greenhouse gas emitter among local companies, industry data showed Thursday. POSCO produced 71 million tons of greenhouse gases in 2017, accounting 11.3 percent of total emissions by South Korean companies, according to a report from the Korea Corporate Governance Service [...]
SEOUL, Jun. 20 (Korea Bizwire) — LG Display Co. shipped the most automotive displays in the first quarter, beating Japan Display Inc. to take over the top spot in the fast-growing sector, industry data showed Thursday. The display arm of LG Electronics Inc. shipped 6.08 million auto displays in the January-March period, up 32.5 percent [...]
SEJONG, Jun. 19 (Korea Bizwire) — South Korea plans to utilize high-end technologies, provide full support and seek structural changes to help the country’s manufacturing sector get on a sustainable growth track and gain competitiveness, the industry ministry said Wednesday. Under the plan, the government will work to add 30,000 smart factories for small and [...]
SEOUL, Jun. 19 (Korea Bizwire) – South Korean chipmakers may wish they were undergoing the bottom of the memory chip down cycle in the second quarter before entering a recovery mode later this year, but it seems like they have to deal with unfavorable business conditions longer than expected due to prolonged global trade tension. [...]