SEOUL, Sept. 5 (Korea Bizwire) — According to figures released by Statistics Korea, the production diffusion index for the mining and manufacturing industries in July was calculated at 48.8. The production diffusion index is a tool that takes all of the eighty sub-industries included in the mining and manufacturing industries and measures the types that [...]
SEJONG, Aug. 31 (Korea Bizwire) — South Korea’s industrial output rose at the fastest pace in six months in July on gains in cars and electronic devices, government data showed Thursday. Production in the mining, manufacturing, gas and electricity industries climbed 1.9 percent on-month in July, turning around from a 0.5 percent on-month drop in [...]
SEOUL, May 22 (Korea Bizwire) – Chinese shipbuilders have received orders from South Korean shippers to build 13 ships so far this year, while their South Korean rivals clinched deals from local shippers to build just seven ships, industry sources said Monday. According to related data, local shippers have placed orders so far this year [...]
SEOUL, May 10 (Korea Bizwire) – The latest analysis from the Korea Institute for Industrial Economics & Trade has revealed that China will soon catch up with the quality and technology of South Korea’s core industries, further threatening Asia’s fourth-largest economy. In the report released Monday, the institute suggested that China would close the gap [...]
SEJONG, May 10 (Korea Bizwire) – South Korea’s total supply of manufacturing goods both locally produced and imported gained ground to reach a record high in the first three months of the year on the back of brisk chips industry and a sharp rise in imports, government data showed Wednesday. The manufacturing domestic supply index [...]
SEOUL, April 11 (Korea Bizwire) – The business sentiment index for the second quarter rose from the previous quarter, but pessimism still outweighed optimism overall, the Korea Chamber of Commerce and Industry (KCCI) said Tuesday. A survey of some 2,200 manufacturing firms put the business sentiment index at 89 in the second quarter, up 21 [...]
SEOUL, April 4 (Korea Bizwire) – Recent data from the Korea Trade-Investment Promotion Agency (Kotra) reveals that 82 percent of local manufacturers are prioritizing seeking cheaper labor outside of the country, ultimately undermining their productivity. Based on the business performance of 1,474 South Korean manufacturers with overseas plants, 12.6 percent fell within Kotra’s “high-cost, high-productivity” [...]
SEJONG, March 31 (Korea Bizwire) – South Korea’s industrial output jumped at the fastest pace in nearly four years in February, government data showed Friday. Production in the mining, manufacturing, gas and electricity industries moved up 6.6 percent last month from a year earlier, marking the highest on-year gain since January 2013, when it posted [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea will ease regulations on visa screening procedures for young foreigners who get jobs at selected manufacturing businesses in a way to tackle the labor shortage, the government said Monday. Foreign students who are studying in South Korea and want to work in the country’s “root” industries such [...]
SEOUL, Dec. 6 (Korea Bizwire) – Korean auto parts makers are growing more active overseas, backed by factors ranging from personnel costs to the possible global protectionism that may be triggered by U.S. president-elect Donald Trump in line with his election pledges. Castec Korea, a manufacturer of automobile components that supplies parts to global automakers [...]