S. Korea to conclude three free trade with China, Vietnam, and New Zealand

November 24, 2014 by Leave a Comment

Korean government is working to conclude further free trade agreements (FTA) with China, Vietnam, and New Zealand within this year in order to help domestic companies’ exports in the global market. The government is now under pressure to facilitate Korean companies’ exports to Vietnam while responding to China’s policy of growing its domestic market. Also, in a move to stay ahead of competitors, including Japan, the nation strategically already suggested a deal for an FTA with Vietnam.

A spokesperson responsible for the Korean government’s FTA policy noted “Conclusion of a Korea-China FTA within this year has great importance, given the fact that Chinese government is now swiftly changing its policy for economic growth from the export-based to local market-based. The conclusion of the FTA aims to secure early advantages in China’s domestic market.”

The Korean government estimates that once the Korea-China FTA is effectuated, Korea’s exports to China would increase from 5.4 percent to 5.5 percent and the nation’s gross domestic product (GDP) also should grow from 2.28 percent to 3.04 percent within 10 years after the effectuation, according to the level of trade concessions.

Between Korea and Vietnam, a trade agreement was concluded through the Korea-ASEAN FTA. But, Vietnam is a late participant in the FTA, so that the commodity group’s transition into a group in the tariff-free condition is scheduled to be carried out by 2020. And the percentage of the commodity group excluded from trade concessions is high. Now more than 3,300 Korean companies operate in Vietnam, and from the Vietnam side, elimination of tariffs between Korea and Vietnam is urgent as Korea comprises 30 percent of total exports.

The trade level between Korea and New Zealand is not so high, but it plays a big role for Korea not to lose its competitiveness in the area in a trade race between Korea and rival trade nations including China. China also enjoys nearly double increased exports ahead of effectuation after announcement of China-New Zealand FTA.

 
 
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Still too high degree of Korean economy’s trade dependence

November 24, 2014 by Leave a Comment

Amid concern over the continued global economic recession caused by Europe is increasingly high, the Korean economy’s dependence on the foreign market is still escalating. The trade dependence degree, which is calculated by dividing the commodity and service’s total amount of export and import with Gross National Income (GNI), reached over 100% on a three consecutive years and this year it still remains at a nearly unchanged level. It means that the Korean economy is still struggling to free itself from the fragile economic effects of external shocks, due to the larger scale of foreign transactions than that of the economy itself.

According to the Bank of Korea, the Korean economy’s continuing dependence on the global economy is attributable to export-based growth of Korean economy caused by prolonged domestic demand, sluggish after the global financial crisis. The government agency released its official forecast that the Korean economy’s still high dependence on foreign market will likely easily and much affected by the fluctuations of the global economy as it suffered before.

Korean-economy’s-trade-dependenceThe Korean economy’s high dependence on foreign market is more prominent when compared to those of nations with similar size of economy. As of 2012, the export dependence degree of Korea (the world’s 14th largest economy) was 109,9%, exceeding the similar-sized global economies’ trade dependency degrees at that time(the 11th of Canada with 62.8%, 12th of Australia with 40.8%, 13th of Spain with 64.6%, and 15th of Mexico with 67.7%).

Even developed major countries’ trade dependence degrees on foreign market, such as the United States (30.4%), Japan (31.3%), France (57.1%), Italy (59.3%), and the UK (65.2%) are far lower than that of the Korean economy. Germany, a country having the highest trade dependence degree among developed nations, also remained at a lower level nations when compared to Korea’s.

Hyundai Research Institute recently said “The Korean economy’s high degree of trade dependence makes it highly vulnerable to external shock.” “Although the financial sector of foreign exchange reserves plays a role as safety valve against external shock, the Korean government needs to increase the ratio of domestic demand in GNI in a long-term and structured way.”

 
 
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Korean semiconductor giants’ recent noticeable movements in the global market

November 24, 2014 by Leave a Comment

New expectations are being created in the Korean semiconductor industry. Semiconductors are playing a vital role in the recovery of the nation’s industry competitiveness, given the face that Chinese companies are competing strongly in Korea’s major export industries – including smartphones, shipbuilding and steel. In addition, global advanced enterprises in the United States and Europe are asserting technological superiority over Korean makers in medical, software, and aerospace industries.

Industry-Trends

Industry-Trends_1 Samsung Electronics, last month, said that it has launched massproduction of “three-bit V Nand Flash Memory” for the first time in the world. The memory is ten nano class of 128Gb product and boasts excellence in terms of processing speed, power efficiency, and size. That means the global tech giant can obtain at least two years of technological gap over its competitors including Toshiba.

SK Hynix also started mass-production of SSD (Solid State Drive), a next generation storage device replaceable of HDD (Hard Disk Drive), by using a onelevel of improved micro-process technology, and it has begun delivering them to two large server companies in the United States.

Samsung Electronics is overwhelming competitors in the global market, with its unparalleled V Nand memory, a technology allowing semiconductor chips to be stored vertically. SK Hynix is now ahead of overseas memory makers, with its micro-processing (by making the semiconductor’s circuit thickness thinner).

LG Electronics is also broadening its presence in the market by spurring in its efforts in the development of system semiconductors for vehicles.

A spokesperson of the MOTIE (Ministry of Trade, Industry and Energy), recently disclosed the factor behind such successful drives led by Korean semiconductor makers, by saying that “Samsung Electronics and SK Hynix’s technologies concerning semiconductor processing are now at the top position in the world market”, and “the current remarkable result is wholly attributable to the consistent and massive investment on the areas led by the Korean leading tech makers.

LG Innotek recently succeeded in mass-producing ultraviolet (UV) LED (Light-Emitting Diodes). So far, LED has been applied to general lighting, the application of LED, and thanks to the company’s improvement in technology, could be expanded into a greater diversity of areas including purifiers, water purifiers, and sterilizers.

 
 
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Electronic ballast for fluorescent lamp

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E30] The ballast product line-up developed and manufactured by Phoenix Engineering include AC / DC ballast, UV lamp ballast, general ballast, emergency lighting ballast, train motor car / ship ballast, and standard ballast. Especially, the AC / DC ballast is steel material, with the size of 242 X 227 X 39 mm.

https://korean-electronics.com//inquiry Also, the standard ballast is steel and synthetic resin material, and uses AC 200V for commercial power and DC 120V for emergency power.

Moreover, the LED Flat Lamp enables semi-permanent life cycle of over 50,000 hours, and power dissipation is 50W~75W. The total flux is from 4000lm to 5600lm, and the power factor is 99%.

Electronic-ballast-for-fluorescent-lampSince its establishment in 1997, Phoenix Engineering acquired several patents, utility models and design patents for its technologies and products, and acquired numerous certifications including the ISO 9001 certification and the KS mark. Through these innovative efforts, the company was designated as a venture company, and is supplying products to clients not only domestically, but also to many countries worldwide.

 
 
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LED light for parking lots

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E26] Nari Light, developed and manufactured by Inno-Luce, is a new concept of LED light for parking lots, which creates more beautiful and comfortable space for many people going in and out of the lots with their vehicles.

LED-light-for-parking-lotshttps://korean-electronics.com//inquiryThe Nari Light includes louver-type reflection action, which minimizes the glare, and the transparent cover enables light efficiency of over 120 lm/w. Also, the eco-friendly LED and sensor are effective for energy saving, and the product is designed motivated by the forsythia, which is completed to be more intimate and modern. The general type and sensor type are selectable as an option, and the colors are provided in silver or black.

LED-light-for-parking-lots_1Inno-Luce was established in 2004, and specializes in the development and design of LED lighting, and possesses the know-how and experience through many years of expertise in the field. The company is equipped with the design system, and through the affiliated R&D Center, the company developed new technologies and designs for the products to enable higher efficiency and lower energy consumption. Through these efforts, Inno-Luce registered and acquired many utility models, design patents, and certifications.

 
 
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LED lightings for vehicles

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E23] HP International was established in 2013 and specializes in the development and production of comprehensive ranges of LED lightings for vehicles. Especially, the company’s main products are the head lamp for fog and driving, and heavy duty lights. The head lamps for fog & driving consists of various models, including R5310, R7110, R7010 / R7020 and the head lamp 5710/5720.

LED-lightings-for-vehicleshttps://korean-electronics.com//inquiry The head lamp for fog & driving is manufactured in aluminum for the main body for efficient heat dissipation, and the lenses are glass or PC. The reflector is PC or vacuum metalized, and provides low- and high-beam performance. The head lamp for fog & driving is suitable for medium and heavy-duty trucks, off-road vehicles, classic cars, motorcycles and more.

LED-lightings-for-vehicles_1Since its establishment, HP International registered and acquired numerous patents for its technologies for LED lighting, such as the lamp apparatus for motorcycles, LED lighting lamps, LED lighting apparatus, sealing structure of lighting apparatus, LED lighting apparatus for fields, lighting apparatus controllable lighting position, adjuster of illumination angle for LED lamps, and many others.

 
 
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LED power supply

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E20] Alim Industrial has since its founding in 1995 specialized in the development and manufacture of LED power supply, LED tubes, LED flat light, LED downlight and LED light bulbs. Alim Industrial differentiated itself from competitors by positioning as a total solution provider of LED lighting through creation of new technology, providing best quality for customer satisfaction. The technology of Alim Industrial has been acknowledged through numerous certifications, including the KS certificate, and many patents, utility models and design certifications.

https://korean-electronics.com//inquiry Alim Industrial has plans to present its latest top-notch solution of LED power supply to the foreign market. The company’s ALF30S48C-NV LED power supply device is of rated voltage, consisting of electric circuits, insulating transformer, insulation paper and metal case.

The way of magnetic insulation transformer output according to the power high frequency pulse (the fixed frequency) circuit has the advantages of existing linear transformer high voltage. Compared with the rated electricity current, the circuit is complex and the power loss is less and the weight is lighter. Operators are recommended to some notices to follow to prevent the potential occurrence of electric shock risk including “do not reverse the AC input wire and the DC output wire,” “use the rated capacity of 80%”, “install it in a place that is well ventilated and avoid direct light,” and “do not assemble, reorganize, or disassemble the products at random.

LED-power-supply

 
 
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New concept desk lamp combined with LED with magnifier

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E18] Established in 2003, Enfren is a specialized company in the development and manufacturing of LED lightings and other LED-applied solutions, along with providing OEM/ODM services.

Enfren has developed various types of unique design-applied desk lamps including LED desk lamps and LED-applied products such as LED Gel dryer, etc. Enfren has noticeably succeeded in winning favorable reliability for its delivering competitive products, noticeably from overseas markets, with a total of 11 nations of productive export destinations in the Americas, Europe, and Asia.

desk-lamphttps://korean-electronics.com//inquiryEnfren has recently released a new brand of LED fixture called “Magnifier EF-200”, a functionally combined product of magnifier and LED lighting. With the super-sized aspheric multifocal lens, it is possible for users to use it clearly for a long period without distortion regardless of view angles, and it is very effective in eye protection and reducing fatigue. It is useful for the elderly who find it difficult to read books or the Bible with declining eyesight or people working with small letters or plans. This product complements eyesight and prevents its decline.

The LED bulb lasts for up to 40,000 hours, five-times longer than a fluorescent bulb. The electric consumption (5W) is much lower than that of the existing typical lighting fixtures. And to allow users to freely adjust the height, angle and direction of the lamp, a flexible spring tube for the advanced model is especially applied.

 
 
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Multi-purpose LED lightings

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E14] Korea LED Producer’s Cooperative was established in 2013 with the technical support of the Small and Medium Business Administrations (SMBA) and Korea Small Enterprise Market Agency (SEMAS).

Multi-purpose-LED-lightingshttps://korean-electronics.com//inquiryThe cooperative started its business activity with an aim to provide a one-stop solution covering all procedures ranging from foundation design and component process to complete product delivery by using member companies of the body, each of which have organic solidarity each. Based upon the accumulated sound performance as of now, it will continue to make more creative, energetic endeavors in order to attain the highest level of customer satisfaction with the best quality.

Multi-purpose-LED-lightings_1 The cooperative’s wide range of attractive and competitive products in terms of design, durability, prices, etc. are designed to cover various industrial and general purposes of applications. The IR-100a and IR-120a models are representative, specially designed for internal lightings of factory, auditorium, gas station, supermarket, exhibition hall and tunnel. The increasing attentions over the two products based upon the striking features such as increased thermal-resistance, support of AC 220V for power, size of Ø235*H230, and adoption of materials of plastic, PC, and AS. And there are also models (SL70b and SL100b) made to be effectively and properly used for street lights and security lights (SL70b and SL100b). They have output options according to light distribution. The specification for them include power of 100W, size of L609*W279*H99, and material of AL/GL adopted.

 
 
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Flat LED lighting

November 24, 2014 by Leave a Comment

[INQ. NO. 1411E12] “It always gives me great feelings of pleasure to see the twinkling LED lightings installed by my company on both sides of an expressway whenever I pass by at night,” remarked the president of Departlight. As a specialized company of landscape lighting in Korea, Departlight has been differentiating itself from competitors both at home and in overseas markets by rereleasing market-leading products.

Flat-LED-lightinghttps://korean-electronics.com//inquiry Departlight adopts the so-called ‘LOS (Lighting Onestop Service) system’ so that it can cover multiple processing areas from R&D, to manufacturing and construction. Thanks to the adoption of this innovative approach, it thus contributes to maximization of customers’ convenience and cost decrease. Recently, it started using 3D printers for developed products in order to carry out actual tests of them by manufacturing prototypes. It further strives to develop new advanced products related to LED lighting in a bid to release customer-oriented products.

Especially for this year’s promotional activity for overseas potential markets, Departlight prepared its recently developed and produced flat LED lighting. As an eco-friendly lighting, it is free of harmful UV rays by adopting mercury-free lighting sources. Designed with simple and slim features, it offers excellent decoration effect. Also it features thinner and lighter than the existing lighting fixtures. With stable luminance value, it secures bright illumination. As it has nearly natural color of lighting, it can minimize the dazzlement factor. Moreover, it gives big benefits for users in maintenance cost with ensured low power consumption and semi-permanent lifespan (about 5 million hours).

 
 
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