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Naver top ad platform in Korea

May 30, 2011

NHN Corp., Korea’s portal giant operating Naver and Hangame, proved itself a formidable advertising platform as its stake in the lucrative market reached 14 percent last year, a report showed Monday. According to the report by Digieco, a think tank affiliated with KT Corp., NHN’s ads sales topped 1.1 trillion won ($1.02 billion) last year, outstripping traditional leaders like newspapers and bro...
Economy to grow 4.3% this year: poll

May 30, 2011

Korea’s economy will likely grow 4.3 percent this year, falling short of a 5 percent expansion forecast earlier by the government due to external uncertainties, a poll showed Monday. According to the survey of 32 experts by the Federation of Korean Industries, the economy will likely expand 4.4 percent in the second half of this year, with 38 percent of those surveyed citing global economic unce...
Jobs at listed firms hit new high in 2010

May 30, 2011

The number of jobs offered by South Korea’s listed companies soared to a record high last year as companies increased employment on the back of their strong earnings, data showed Monday. A total of 1.09 million people were hired by the 719 companies listed on the Seoul main stock index in 2010, up 10.8 percent from the previous year, according to the data by the Korea Listed Companies Associatio...
S-Oil to buy into poly-silicon producer

May 30, 2011

S-Oil Corp., the country’s third largest refiner, announced Monday that it will acquire a third of Hankook Silicon Co.’s stakes as part of its drive to expand into the renewable energy business. S-Oil said that the deal, which will see the refiner gain 33.4 percent of Hankook Silicon for 265 billion won ($245 million), will be finalized next month. The company said the decision to buy into the ...
SK Innovation breaks ground on new battery plant

May 30, 2011

SK Innovation Co., Korea’s top refiner, broke ground on its second plant Monday to produce batteries for electric vehicles, upping the ante for its fledgling green energy business as a next-generation revenue source. Located in Seosan, South Chungcheong Province, the facilities will start manufacturing 200-megawatt-hour batteries early next year and 300-MWh batteries by the end of 2012, SK Innov...
[Herald Interview] Edwards seeks bigger Asian presence with new plant

May 30, 2011

The decision to build a plant in Korea for manufacturing dry pumps for semiconductors was a natural one designed to give Edwards a leg-up in the Asian markets. “Korea is geopolitically well-situated to be able to export to the (Asian) markets due to its proximity to the customer, ability to form intimate relationships with them and concentration on technology and right quality of people,” Mathew...
STX shipbuilder gets $150m order from Greece

May 30, 2011

STX Offshore and Shipbuilding Co. announced Monday that it has won a $150 million contract from a Greek shipping company. The Changwon, South Gyeongsang-based shipbuilder said that the contract for four petroleum product carriers was signed with the Greek shipping firm Thenamaris Ships Management Inc. on Friday. The shipbuilder said that the first of the four vessels will be delivered to Thenam...
Samsung invests $3b for Chinese LCD market

May 30, 2011

Electronics giant kicks off 7.5-generation display panel plant in Suzhou Samsung Electronics, the world’s No. 1 television maker, held a ground-breaking ceremony for a next-generation liquid crystal display plant in China in a drive to target the fast-growing Chinese market. The company said it plans to invest $3 billion to construct a 7.5-generation liquid crystal display plant in Suzhou, Jian...
Renault Samsung revs up new SM7

May 30, 2011

Renault Samsung Motors Co. is revving up to take on the country’s closely contested upper midsized sedan market with the revamped SM7. The revamped SM7, which will go on sale on the local market in the second half of the year, represents an opportunity for the company to gain ground in the local market. With just under 2,500 units of the current SM7 sold on the local market during the first fou...
Tablets, 3-D in focus at future-shaping Taiwan IT show

May 30, 2011

TAIPEI (AFP) ― The question of how to get 3-D technology into every living room and a tablet computer into every hand is set to dominate Asia’s largest IT fair which opens in Taiwan this week. Around 1,800 exhibitors from across the world will descend on Taipei for the Computex fair, which runs from Tuesday to Sunday, hoping to generate an estimated $23 billion of sales from 36,000 buyers, organ...
Toyota president to visit S. Korea to shore up morale

May 29, 2011

The chief of Toyota Motor Corp., the world's biggest carmaker, is likely to visit South Korea later this week to shore up support here for the brand, industry sources said Sunday. Akio Toyoda will arrive here around Saturday for his first South Korean trip since becoming president of the company in 2009, the sources said, adding he will meet with Toyota dealers at their shop in Seoul among other...
U.S. consumers give 3-D two thumbs up

May 29, 2011

Almost 90 percent of U.S. consumers have given high ratings to the picture quality of 3-D televisions and did not mind the battery-charged eyewear used to watch the three-dimensional images. Up to 88 percent of some 3,065 3-D-capable set owners who participated in a poll commissioned by The Digital Entertainment Group said last week that they were satisfied with their 3-D home viewing experience...
S-Oil Corp. expands petrochemical agent facilities in Ulsan

May 29, 2011

S-Oil Corp., the country’s third-largest oil refinery, said Sunday its expanded plant for paraxylene and benzene is now in full operation, taking a step forward in cultivating the petrochemical business as a future growth engine. Paraxylene and benzene are aromatic hydrocarbons generated by catalytically reforming naphtha, a petrol derivative. The two substances are key for production of polyest...
LG aims W50tr to go from smokestack to high-tech

May 29, 2011

OCHANG/CHEONGJU, North Chungcheong Province ― LG Group’s chemical affiliates is targeting 50 trillion won ($46 billion) in sales by 2016 in a bid to complete the firms’ transition from smokestack to high-tech. The combined sales target of LG Chem, LG Household & Healthcare, LG Hausys and LG Life Sciences would mean double the 24.8 trillion won they raised last year. The growth, LG said, would b...
Hyundai Mobis in world’s top 10 suppliers

May 29, 2011

Hyundai Mobis, Korea’s leading auto parts maker, was named one of the world’s top 10 suppliers on the back of robust sales, an industry report showed Sunday. According to the report by Detroit-based Automotive News, Mobis was ranked as the eighth-largest parts manufacturers in 2010 in terms of sales, up four notches from the previous year. Its revenue jumped 28.7 percent to $14.43 billion last ...

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