Korea Automotive Research Institute Archives | Be Korea-savvy
Korean Automakers to Be More Hurt by Japanese Rivals’ Big R&D Spending

Korean Automakers to Be More Hurt by Japanese Rivals’ Big R&D Spending

SEOUL, May 7 (Korea Bizwire) — Japanese automakers are expected to spend a record amount on research and development (R&D) activities this year, data showed Thursday, raising concerns that South Korean rivals’ competitiveness may be further hurt amid unfavorable currency exchange rate conditions. Four major carmakers in Japan — Honda Motor, Toyota Motor, Mazda Motor [...]

Korean Contractors Struggle in Middle East as European Rivals Butt in

Korean Contractors Struggle in Middle East as European Rivals Butt in

SEOUL, Nov. 14 (Korea Bizwire) – Korean construction companies are in a slump in the Middle East as European contractors encroach upon their traditional bread-and-butter market. As construction orders from the Middle East are expected to dwindle, domestic contractors are asked to prepare strong countermeasures. European contractors recently put their utmost effort to win major [...]