Industries Archives | Page 2 of 392 | Be Korea-savvy

Archive by category Industries

Korean Shipyards at Top of Order Backlog Ranking

Korean Shipyards at Top of Order Backlog Ranking

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s three major shipyards — Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy Industries Co. and Hyundai Heavy Industries Co. — maintained their top global ranking in terms of order backlog, industry data showed Friday. According to the data compiled by industry tracker Clarkson Research, Daewoo Shipbuilding’s Geoje [...]

Samsung, LG Set to Spend Record Amount on R&D This Year

Samsung, LG Set to Spend Record Amount on R&D This Year

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major electronics firms — Samsung Electronics Co. and LG Electronics Inc. — are expected to allocate a record-high investment to research and development projects this year, industry watchers said Friday. According to the sources, Samsung Electronics invested 7.9 trillion won (US$6.9 billion) in research projects over the [...]

South Korea Begins to Destroy Eggs Contaminated with Harmful Insecticides

South Korea Begins to Destroy Eggs Contaminated with Harmful Insecticides

SEJONG, Aug. 17 (Korea Bizwire) – South Korea on Thursday began to destroy all eggs contaminated with harmful insecticides in a move to quell public anxiety about food safety. “The government is tracking all tainted eggs and will discard them,” Agriculture Minister Kim Yung-rok said in a National Assembly session. “We will publish all information [...]

Samsung’s Galaxy Note 5 “Free”, but Monthly Bills Rise

Samsung’s Galaxy Note 5 “Free”, but Monthly Bills Rise

SEOUL, Aug. 17 (Korea Bizwire) – The Samsung Galaxy Note 5 64GB is now available at bargain-bin prices, it it hasn’t already sold out, that is. According to reports from within the mobile communications industry, telecommunications giant SK Telecom upped its total subsidy offer for the phone to 616,000 won irrespective of users’ data plans.  [...]

PM Orders Food Safety Inspection Amid Scare over Contaminated Eggs

PM Orders Food Safety Inspection Amid Scare over Contaminated Eggs

SEOUL, Aug. 17 (Korea Bizwire) – Prime Minister Lee Nak-yon ordered the government Thursday to conduct an all-out inspection to make sure that chickens and processed foods are safe from insecticide-contaminated eggs even after all tainted eggs are removed from the market. Lee also said that the egg scandal can be brought under control before [...]

Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

Ratio of Mobile Shopping to Retail Sales Hits New High in Q2

SEJONG, Aug. 17 (Korea Bizwire) — The ratio of mobile shopping to South Korea’s retail sales reached an all-time high in the second quarter of the year, government data showed Thursday, as more consumers are turning to smartphones and other mobile devices to buy goods. Purchases made through smartphones and tablets surged 41.5 percent on-year [...]