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Tag: South Korea


Industry Focus Areas, Motorized Vehicle

South Korea is Really Going for It in the U.S. Battery Market

January 18, 2023

Via: Alliance for American Manufacturing

South Korea’s energy manufacturers, citing industrial policy passed in Washington last year, are putting a lot of money into facilities in the United States. First consider this week’s announcement that LG Energy Solution, a battery manufacturer, just detailed its plans […]


Industry Focus Areas, Motorized Vehicle

South Korea ponies up $35 billion for EV batteries to compete with China

July 8, 2021

Via: Automotive News

South Korea plans to invest 40.6 trillion won ($35 billion) in its EV battery industry by the end of the decade to secure its spot as a major global force in the sector and compete with a dominant China and […]


Process, Production

Healthy growth for electronics production

March 19, 2021

Via: Electronics Weekly

Most major Asian electronic producers reported double-digit increases in early 2021. The chart below shows three-month-average change versus a year ago for electronics production. The data is from each country’s official statistics and is in local currency. China, by far […]


Regulations

South Korea indicts group for leaking Samsung display tech to Chinese firm

November 29, 2018

Via: Reuters

SEOUL (Reuters) – South Korean prosecutors on Thursday said they have indicted nine people on suspicion of leaking Samsung Electronics Co Ltd flexible display technology to a Chinese company. The Suwon District Prosecutors’ Office has charged the chief executive and […]


Design & Planning, Process

Samsung set to invest $22bn in 5G networking and AI to achieve 20% market share by 2020

November 16, 2018

Via: Manufacturing Global

Speaking at WSJ D.Live in California, Youngky Kim, President & Head of Samsung’s network business, said: “AI needs a lot of data to respond to you. This amount of data can be provided by 5G, not 4G.” With Samsung producing […]


Logistics, Process

LG Electronics sees 45% rise in its third quarter operating profit

October 25, 2018

Via: Manufacturing Global

With the company’s mobile phone division now showing narrowed losses overall, it is thought that LG’s focus on mid-range mobile phones as well as its cost reduction plans have enabled the firm to experience smaller losses. It was announced that […]


Design & Planning, Process, R & D

Samsung reveals plans to open new AI centre in New York

September 10, 2018

Via: Manufacturing Global

The new facility, which will be located in the middle of Chelsea in New York, will be headed up by Daniel D. Lee who is the Executive Vice President of Samsung Research and a renowned global name in AI robotics. […]


Design & Planning, Process

Samsung Electronics set the bar in embracing new 5G network technology

July 16, 2018

Via: Manufacturing Global

The South Korea-based technology giants, Samsung Electronics, are set to become the first company to welcome new 5G network technology, The Investor reports. The firm will embrace the new era of fifth-generation network systems with equipment that is said to […]


Regulations

Trump Hits Allies with Tariff Threat to Global Car Industry

May 24, 2018

Via: Industry Week

President Donald Trump’s push for tariffs on imported cars and trucks aggravates trade tensions with American’s closest allies and threatens a shake-up of the global auto industry. The statement late Wednesday that the U.S. is investigating auto imports on national […]


Process, Production

WEF releases global manufacturing index

January 15, 2018

Via: Manufacturing Global

The World Economic Forum (WEF) has released its report ranking countries in global manufacturing positions. In the ‘Readiness for the future of production report’, Japan was awarded the top spot, due to its structure of production. The Geneva-based company then […]


Regulations

South Korea to widen Takata air bag recall by 110,000 vehicles

September 28, 2016

Via: Reuters

South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp’s (7312.T) defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a […]