Industry

  • Samsung considers securing system semiconductors from outside foundries
    Samsung considers securing system semiconductors from outside foundries SEOUL -- As a way to diversify its production network, Samsung Electronics' System LSI business department is pushing for the consignment of production from a third party to secure stable production infrastructure by working with outside foundries as its foundry business is on track due to orders from big customers. LSI, also known as Large-Scale-Integration, is a chip-making process in which thousands of transistors are integrated or embedded onto a sing August 22, 2019
  • Researcher localize technologies to produce high purity hydrogen
    Researcher localize technologies to produce high purity hydrogen A file picture shows a charging station for fuel cell vehicles. SEOUL -- South Korea's state-run energy research institute has localized key technologies that can produce high purity hydrogen from synthetic gases including natural gas and biomass. Researchers hope their technology will play an important role in hydrogen production and refining. The Korea Institute of Energy Research (KIER) said its research team led by Ryi Shin-kun has succeeded in implementing an electroless plating met August 20, 2019
  • Samsung shipyard wins $622 mln order to build 10 gas-fueled crude carriers
    Samsung shipyard wins $622 mln order to build 10 gas-fueled crude carriers SEOUL -- Samsung Heavy Industries, one of South Korea's three largest shipbuilders, has won an order worth 751.3 billion won ($621.9 million) from a client in Oceania to build 10 crude carriers fueled by liquefied natural gas (LNG) that meet new international regulations on sulfur oxide emissions to be enforced on January 1, 2020. Samsung Heavy said in a regulatory filing on Monday that it would deliver 113,000 deadweight ton (DWT) LNG-fueled crude August 19, 2019
  • LS Industrial establishes DC ecosystem on remote island with renewable energy
    LS Industrial establishes DC ecosystem on remote island with renewable energy SEOUL -- LS Industrial Systems, a top electric cable manufacturer in South Korea, has completed a project to create a direct current (DC) eco-system on a remote island by using renewable energy with the aim of eliminating chronic power shortages in isolated areas and preempting key technologies, LS Industry and KEPRI, a research unit of South Korea's state utility Korea Electric Power Corp. (KEPCO), launched the project in June 2016 August 19, 2019
  • Samsung eyes chip recovery after downbeat Q2 earnings: Yonhap
    Samsung eyes chip recovery after downbeat Q2 earnings: Yonhap SEOUL -- Samsung Electronics Co. reported Wednesday its net profit more than halved in the second quarter from a year earlier due to weak memory chip prices, but it expected a gradual recovery in demand down the road. The net profit for the world's largest chip and smartphone maker came to 5.18 trillion won ($4.4 billion) in the April-June period, a 53.1 percent fall from a year earlier, the company said in a regulatory filing. Its operating profit plunged 55.6 percen July 31, 2019
  • Samsung Heavy localizes lithium-ion battery system for eco-friendly ships
    Samsung Heavy localizes lithium-ion battery system for eco-friendly ships SEOUL -- Samsung Heavy Industries, one of South Korea's top three shipbuilders, has successfully localized a lithium-ion battery system which Samsung Heavy Industries, one of South Korea's top three shipbuilders, has successfully localized a lithium-ion battery system which can reduce costs and pollutant emissions to meet strengthened environmental regulations. The shipbuilder said Monday that its battery system has won type approval from DNV GL July 29, 2019
  • Hyundai Mobis develops mirrorless system for next-generation and autonomous vehicles
    Hyundai Mobis develops mirrorless system for next-generation and autonomous vehicles SEOUL -- Using high-performance small digital cameras, Hyundai Mobis, a parts-making unit of South Korea's Hyundai auto group, has developed a camera monitoring system that would be used widely for mirrorless next-generation and self-driving vehicles. Hyundai Mobis said in a statement on Sunday that its Camera Monitor System (CMS) would drastically improve driving safety by securing a wider angle of view than conventional mirrors while innovatively changing th July 22, 2019
  • State gas company issues $500 mln sustainability bonds with 10-year maturity
    State gas company issues $500 mln sustainability bonds with 10-year maturity SEOUL -- Korea Gas Corp. (KOGAS) has raised $500 million by issuing sustainability bonds, becoming the first public company in South Korea to issue ESG (environmental, social and governance) bonds with a 10-year maturity. Sustainability bonds are floated to exclusively finance a combination of green and social projects. KOGAS said that it dew a high response from investors during a roadshow as a leading public company which plays a key role in supporting South Korea's July 10, 2019
  • Hyundai Heavy wins deal to supply emergency power generators for Indias nuclear power plant
    Hyundai Heavy wins deal to supply emergency power generators for India's nuclear power plant SEOUL -- Hyundai Heavy Industries, the world's largest shipbuilder, beat European competitors to clinch a $49 million order to supply emergency power generators for a nuclear power plant in India's Tamil Nadu state. The shipbuilder said Tuesday that it has teamed up with its trading unit, Hyundai Corporation, to supply ten 6.3MW engines for the Kudankulam plant run by Powerica, an Indian private power generation company, by 2022. Emergency power generators July 9, 2019
  • Daewoo shipyard earns Lloyds certification of high-level smart ship solution
    Daewoo shipyard earns Lloyd's certification of high-level smart ship solution SEOUL -- Daewoo Shipbuilding & Marine Engineering (DSME) has earned high-level smart-ship cybersecurity certification from Lloyd's Register, a London-based organization which provides maritime classification, as South Korean shipbuilders work hard to develop smart ship technologies. Lloyd's Register's descriptive note gives an accessibility level for autonomous/remote access for cyber-enabled systems. AL3 is defined as July 9, 2019