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S. Korean Chipmakers to Face Prolonged Downturn amid Trade War

S. Korean Chipmakers to Face Prolonged Downturn amid Trade War

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. [...]

Global Chip Industry to Grow 2.6 pct in 2019: Report

Global Chip Industry to Grow 2.6 pct in 2019: Report

SEOUL, Jan. 14 (Korea Bizwire) — The global semiconductor industry is expected to expand 2.6 percent on-year in 2018 on steady demand, despite an end to a super boom in the memory chip segment, a report showed Monday. According to the recent report from market researcher Gartner, sales of the world chip industry are projected [...]

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s trade ministry on Tuesday urged South Korean petrochemical companies to diversify their portfolios to cope with the anticipated slump in the industry and overcome protectionism. The Ministry of Trade, Industry and Energy said the petrochemical industry is expected to experience a downturn after enjoying the previous three [...]

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

S. Korea’s Fashion Market Must Meet Personal Needs of Customers

SEOUL, Dec. 28 (Korea Bizwire) — The year 2019 will become a challenging year for the fashion industry as consumers increasingly search for products that can maximize convenience while meeting a variety of individual preferences. The Samsung Fashion Institute announced ‘Act For Better Life’ as a new key phrase for next year’s fashion market. From [...]

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

SEOUL, Oct. 29 (Korea Bizwire) — A number of industries that propelled South Korea to its economic “miracle” are now headed downhill. The China-U.S. trade war, rising interest rates in the U.S., lowered labor productivity and other hurdles have large Korean corporations stuck in a “tunnel of uncertainty” in which companies are unable to accurately [...]

S. Korea’s Economic Growth Being Hurt by Weak Employment, Falling Investment

S. Korea’s Economic Growth Being Hurt by Weak Employment, Falling Investment

SEOUL, Oct. 28 (Korea Bizwire) – The South Korean economy is expected to post a weak annual growth for this year due to the country’s high unemployment rate coupled with the falling corporate investment, industry watchers said Sunday. The Bank of Korea recently revised down the growth target for 2018 to 2.7 percent from 2.9 [...]