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Global car sales of Hyundai and Kia continue rising

Global car sales of Hyundai Motor and Kia Motors continued a rise in May, offsetting a downbeat demand in South Korea.
Hyundai Motor logged car sales of 58,050 units in Korea and 307,451 units overseas in May, respectively, totaling 365,501 units, up 8.1 percent from a year ago - domestic sales grew a mere 0.6 percent.

Samsung Electronics¡¯ plan for its non-memory chip lines

South Korea¡¯s global top electronic maker Samsung Electronics is planning to convert its memory chip manufacturing facilities in Giheung, Korea and Austin, Texas, into non-memory chip manufacturing lines.

POSCO speeds up its collaborative efforts for smart work system with Google

South Korea¡¯s largest steelmaker POSCO is moving quickly to form a speedy collaboration in a joint project with global leading IT entrepreneur Google to build a new paradigm for business management.

Hyundai Motor Company¡¯s overseas move in India

South Korea¡¯s foremost carmaker Hyundai Motor Company is in the final stages of deciding whether to set up the company¡¯s first diesel engine manufacturing facility in India. Hyundai¡¯s decision was based upon soaring sales of small-size and compact diesel vehicles in India.

SMBs¡¯ business sentiment to improve in Q2 this year

Business sentiment among South Korea¡¯s small and midsized enterprises (SMEs) is expected to improve in the second
quarter (Q2) this year, showed a study.

Photovoltaic Industry

Korea¡¯s photovoltaic industry is facing severe restructuring status affected by the ailing European economy
and the lower prices offered by Chinese companies.

S. Korea¡¯s Shipbuilding Industry

South Korea¡¯s shipbuilders¡¯ performance last year in terms of their total amount of sale and supply contracts
was impressive, in contrast to the number of construction firms that were declining during the same period

LGD¡¯s world¡¯s largest 55-inch OLED panel

South Korea¡¯s LG Electronics and LG Display (LGD) unveiled the world¡¯s first 55-inch OLED TV and 55-inch OLED TV panel, respectively at the International Consumer Electronics Show (CES), the world¡¯s largest consumer technology tradeshow held in Las Vegas, USA.

LCD industry sees slight output growth in Q4 despite deteriorating market condition

The global LCD production is projected to grow by a narrow margin in the fourth quarter (Q4) in spite of the worst market condition ever. Last month¡¯s average operating ratio of LCD panel makers world-wide was at 75 percent, up seven percent point from September¡¯s 68 percent, according to the DisplaySearch report, the market researcher.

South Korea¡¯s Major Auto Parts Makers, Expanding Their Presence in Global Markets

South Korea¡¯s major auto parts makers are pushing ahead with their global growth-oriented paces of expanding overseas businesses. Hyundai Mobis, the largest auto parts maker in the nation, has unveiled its plan to increase its supply volume to the so- called ¡®Big 3¡¯ automakers in the U.S.A by up to 40 percent by 2015. According to an official source, Hyundai Mobis is already supplying more than 70 percent of its products to Hyundai Motors and Kia Motors plants located in North America.
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