SEOUL, Sept. 2 (Korea Bizwire) — Flying taxis and buses, a sleepover in space, self-cleaning homes, and internet that connects to the brain. These are part of the landscape that six of Britain’s leading academics and futurists have drawn for the future in 50 years’ time, published in Samsung KX50: The Future in Focus report, [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean shipbuilders are anticipated to miss their annual order targets in 2019 amid the drawn-out U.S.-China trade dispute and the global economic slowdown, industry watchers said Sunday. The country’s top three shipyards — Hyundai Heavy Industries Group, Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. [...]
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. [...]
SEOUL, Feb. 10 (Korea Bizwire) — Major foreign investment banks (IBs) revised down their forecasts for South Korea’s economic growth for this year citing sluggish exports and slowing global demand, a report showed Sunday. The average growth forecast for 2019 by nine major global IBs stood at 2.5 percent as of end-January, down 0.1 percentage [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hydrogen-powered vehicles have the potential for growth and can lead South Korea’s auto industry into the future, but a longer-term perspective is advisable due to some hurdles in the nascent sector, market watchers here said Monday. The country’s hydrogen car market has gained traction on the back of strong [...]
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 [...]
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 [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is widely expected to gather ground sharply in 2019 as several large companies are seeking to sell shares for the first time, industry sources said Monday. The market is projected to reach up to 10 trillion won (US$8.9 billion) this year, compared [...]
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 [...]
SEOUL, Nov. 27 (Korea Bizwire) — Business sentiment in South Korea sank to a 22-month low for December amid flaccid domestic demand and worsening export conditions, a poll showed Tuesday. The business survey index (BSI) of the nation’s top 600 firms by sales came to 88.7 for next month, down from 90.4 in November and [...]