SEOUL, Sept. 7 (Korea Bizwire) — Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday. POSCO, the country’s largest steelmaker, suspended operations of the three of the blast furnaces in the southeastern city of Pohang, about 370 km southeast of Seoul, as [...]
SEOUL, May 26 (Korea Bizewire) — South Korean construction equipment makers, including industry leader Doosan Infracore Co., have stopped production at their local plants due to weak exports to Europe and North America, industry sources said Tuesday. Doosan Infracore’s board of directors have decided to halt production at its two plants till early next month. [...]
SEOUL, March 31 (Korea Bizwire) — Samsung Display Co., a major display panel maker in South Korea, will halt the production of liquid crystal displays (LCD) next year and focus on ramping up its next-generation display business, the company said Tuesday. Samsung Display will speed up its transition to a quantum-dot (QD) display business in [...]