중앙데일리

Series of Successes in Developing 256 Mega DRAM

Korean semi-conductor producers are expected to enjoy competitive power after 2000 by the development of a 256 mega DRAM. Samsung Electronics succeeded in developing a 256 mega DRAM sample last April and Hyundai and LG announced on November 24 that they, too, developed the product. As of now, the number of companies which have developed this product is five including three Korean makers and Japan's Hitachi and Mitsubishi. This product has f…

Nov 24,1998
U.S. to Lift Anti-Dumping Measures on Korean Made TVs

The U.S. has lifted the 15-year anti-dumping measures imposed on Korean made TVs. The U.S. Commerce Department announced on November 24 that it will lift the measures on January 1, 2000. The U.S. imposed anti-dumping measures, primarily tariffs, last 1984. The U.S. did not lift tariffs even when Korean companies limited their exports to the U.S. and lowered prices because U.S. companies strongly opposed any attempts to lift restrictions during …

Nov 24,1998
Prospects For the Economy in 1999

The Korean economy is expected to recover in the second half of 1999 but it will not attain its former growth rate. There is a possibility that unemployment, domestic consumption, and investment could continue to worsen. The value of the Korean won and interest rates will be stabilized but the positive trade balance scale is predicted to decrease. Economists from many institutions indicated somewhat similar predictions at a seminar sponsored…

Nov 24,1998
New System for Evaluating Real Estate

The government plans to change the system for evaluating the value of real estate. The new system will consider the profits which the seller of a property can gain as the main factor. According to the existing system, the price that the owner paid and the market prices of neighboring buildings are the main factors. Building owners are expected to oppose this change because the new system will probably lower the value of their buildings and pr…

Nov 23,1998
LG to Supply LCD to U.S. Aviation Firm

LG Electronics signed a contract with the world famous aviation-electronic manufacturer APC to exclusively supply TFT-LCD(thin film technology-liguid crystal display) screens used in airplane odometers for 3 years. LG had recently exported 11 milion dollars worth of LCDs to the U.S. company and will send more than 16 different models, equivalent to 120 million dollars. APC is requesting that LG extends the contract to 10 years. TFT-LCDs are…

Nov 23,1998
Electronics Industry Exports" Winners and Losers

The leading export items of the electronics industry are changing. The exports of Braun tube type monitors and home appliances including refrigerator and washing machines are sagging whereas that of high value added information equipment including cellular phones, TFT-LCD, hard disk drives, and personal computers are rapidly growing. The Korea Electronics Industry Promotion Association (KEIPA) announced on November 22 that cellular phone expor…

Nov 22,1998
People Think Recession Will Continue Longer

Most Koreans think that the current economic downturn will last until next year. They also answered that they have laid aside a sizable sum of money to see them through the recession. This reflects the general public's feeling that the slight recovery the nation has enjoyed recently will not translate to a quicker long term recovery, no matter how much the government stresses and assures a plus growth by the end of 1999. The Korea Developmen…

Nov 22,1998
Aramco to Buy Additional Shares of Ssangyong Oil Refinery

Aramco, the Saudi Arabian state-owned oil company will buy an additional 14% of Ssangyong Oil Refining shares. Kim Sun Dong, the vice chairman of Ssangyong Oil Refining said, 'Aramco will invest an additional 170 million dollars to buy 14% of our shares.' Aramco intends to form a consortium with other multi-national companies but if that is not possible they will buy the shares on their own. Kim continued, 'The contract will be concluded by the e…

Nov 22,1998
Competition to Be Introduced in Steel Industry

Collusion in the steel business may be a thing of the past. The Fair Trade Commission(FTC) on November 22 fined 18 domestic steel companies 13 million dollars for various illegal trade customs and traditions such as colluding on prices. The FTC also decided to break up the government-owned Posco Steel by separating its Pohang and Kwangyang Steel into two different businesses to provide fiercer competition. A source from the FTC said, 'Thr…

Nov 22,1998
Letters of Credit in October the Lowest in 4.66 Years

The number of L/C (letters of credit) for exports in October recorded the lowest amount in four years and eight months as Korean companies continue to suffer from diminishing exports. According to the Bank of Korea (BOK) on November 21, the amount of L/C that arrived in October recorded only 4.4723 billion dollars. This is the lowest since February, 1994 (4.3636 billion dollars) and 2.6 million dollars less than that of September. The amo…

Nov 21,1998

1 ... 3168 3169 3170 3171 3172 3173 3174 3175 3176 ... 3198