Seoul Forest

May 11, 2016 by Leave a Comment

Seoul Forest is the metropolitan government’s answer to Central Park in New York City. Based on its plan to create a forest in the Ttukseom area, the metropolitan government worked for one year to open the vast, artificially formed forest to the public in June 2005.
The forest covers some 1.15 million m2 of land, with a total of 420,000 trees of 104 different species were transplanted here to emphasize the ecofriendly image of the forest. The trees are about 20 meters tall and 30 to 40 centimeters in diameter. Oak, hornbeam and cherry trees are most common here, most of which are of Korean origin.

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The forest consists of five areas under different themes. The first themed land is called “TtukSeom Culture and Art Park,” which includes a plaza, outdoor stage, an artificial pond, an atelier and a gateball court. The second one is “TtukSeom Ecology Forest, a grand ecological forest which is home to such wild species as the Formosan deer, Chinese water deer, squirrels and fallow deer (they were released into the forest when it opened) (a guided tour is available).
The area is connected to Hangang Waterside Park via a 472-meter -long bridge. “Wetlands Ecological Field”, the third area, features a bird observatory, an eco-friendly playground and Jeongsu botanical garden. The fourth area, “Hands-on Nature Learning Center,” is a place where visitors can gain hands-on knowledge and see examples of various plants. This area also features Gallery Garden, a greenhouse and a flower garden made from the water purifying facilities which had long been used here. The fifth area is Hangang Waterside Park which includes a cycle trail and a boat terminal.

Location: 273, Ttukseom-ro, Seongdong-gu, Seoul

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A Vital Agency Aiding Korea’s Economic Development

May 11, 2016 by Leave a Comment

Korea’s remarkable economic growth over the past several decades has been accompanied by an equally https://korean-electronics.com//inquirystunning expansion of Korean exports to global markets, which has been the major growth engine driving the nation’s prosperity. At the vanguard of Korea’s export economy is the Korea Trade-Investment Promotion Corporation (KOTRA), charged with promoting the country’s trade, attracting foreign investment, and forming cooperative technological and industrial partnerships with leading global corporations and organizations.
Founded in 1962 as the Korea Trade Promotion Corporation, the establishment of the national trade promotion organization coincided with the birth of Korea’s industrialization and economic expansion. Exports led the development of the national economy, aided by a variety of trade promotion initiatives overseen by KOTRA. The organization helps Korean firms analyze foreign markets, provides administrative support, and links potential overseas buyers with Korean companies seeking markets for their products. In 1995, the name of the organization was changed to the Korea Trade-Investment Promotion Agency in order to reflect the role of KOTRA in a new global age, as foreign companies increasingly sought to invest directly in Korea.

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KOTRA’s main responsibilities include the facilitation of international trade, promoting foreign investment in Korea, providing information and data to both Korean companies and foreign buyers, and operating a network of branch offices called Korea Business Centers around the world to gather information, establish contracts, and aid Korean companies operating in foreign markets. KOTRA’s overseas network includes 99 Korea Business Centers in 72 countries.
The organization supports the export activities of Korean companies through business matchmaking that aims to link foreign buyers with the right products made by Korean companies. KOTRA holds trade shows, exhibitions, seminars and business meetings to help foreign companies seeking new products or partners in Korea. As part of these efforts, KOTRA also provides support for Korean companies participating in international exhibitions and conferences by setting up “Korea Pavilions” designed to promote Korean industries and increase awareness.
In addition to promoting Korean companies and products and assisting in international commercial activities, KOTRA’s “Invest KOREA” investment promotion agency provides foreign companies with the administrative, policy and procedural assistance for investing in the Korean market. The agency is staffed by experts from related government ministries and organizations, and provides services, including investment consultation, market research, and advice on legal and tax matters related to doing business in Korea.

The IT era has created new challenges as well as roles for KOTRA. The agency has responded to the growth of ecommerce and web-based business activity by opening interactive Internet portal sites, including Invest KOREA Online and BuyKorea.org. The agency also operates a Cyber Business Center, which enables overseas buyers to conduct online business meetings with Korean companies as well as providing a wide range of online and digital services.
As one of Korea’s most prominent government organizations, KOTRA has assisted the nation’s economic development. The organization has adapted to changing market conditions, by creating new support systems for investment in Korea as well as responding to new demand for Korean cultural contents, such as movies, TV dramas and computer games, in markets around the world.

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26th Korea International Broadcast, Audio & Lighting Equipment Show

May 11, 2016 by Leave a Comment

The 26th edition of the Korean International Broadcast, Audio and Lighting Show, will be held over a period of four days at COEX (Convention and Exhibition Center) in Seoul, Korea, on May 24-27, 2016.
https://korean-electronics.com//inquiryFor the upcoming KOBA 2016, we expect an even better response with the exhibition area of 27,997sqm covering three halls(COEX A, C, and D). The KOBA Show has grown continuously with Korea’s broadcasting, audio and lighting equipment industry and it has become a hub exhibition of Asia. Over 950 companies from 35 nations including South Korea (189 manufacturers), the U.S., Germany, the UK, Japan, China, Taiwan, and France are expected to exhibit and demonstrate cutting-edge technologies and equipment at KOBA 2016. More than 50,000 visitors including professional buyers are expected to visit.

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Participants in this year’s KOBA exhibition will include the best of 950 companies from 35 countries all over the world including terrestrial, the broadcasting companies of KBS, MBC, SBS, EBS, CBS and as well as the sound companies Sony, Panasonic, Canon, FOR-A, Tektronix, AbleTech, Dong Yang Digital, Blackmagic Design, SanAm Technology, YoungDo
B&C, etc., and lighting companies like Tongsuh Technology.
In addition to inviting the broadcasting organizations and powerful buyers from Southeast Asia there will be parallel marketing seminars and consultations for the export market and opportunities for the international buyers price support program, stations industry tours and other markets from domestic manufacturers using a variety of other programs to attract the buyers.
If you have any queries concerning the Exhibition at any time, please do not hesitate to contact the organizer’s office.
Date: May 24th (Tue) ~ 27th (Fri), 2016 (4days)
Venue: COEX, Seoul (Convention & Exhibition Center)

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Korean ICT Industry

May 11, 2016 by Leave a Comment

Korean ICT production reached $260.9 billion in 2008 and $347.8 billion in 2010. The ICT production in 2014 was $381.6 billion, up 1.8% from the previous year, and growing at an annual rate of 5.6% since 2008.
In 2014, ICT services increased 2.6% from 2013, ICT equipment was up 1.5%, and SW was up 2.4%. Profits and market shares are as follows : ICT services totaled $62.3 billion and comprised 16.3% of the ICT market, ICT equipment(including applied infrastructure devices) totaled $287.6 billion or 75.4% of the market, and SW totaled $31.7 billion, or 8.3% of the market.

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In 2014, the production of small ICT companies totaled $121 billion, up 3.6% from the previous year, and their share was 31.7% of the total ICT industry. By item, ICT equipment sales were $89 billion, down 1.0% from the previous year; SW sales were $18.2 billion, up 38.9%; ICT services sales were $13.9 billion, down 0.2%.
In 2014, exports of ICT totaled $173.9 billion, up 2.6% from 2013. Meanwhile, imports totaled $87.6 billion, up 8.3% from 2013. Thus, the trade surplus was $86.3 billion, down 2.6% from 2013.
In 2014, Korean SW exports totaled $5.33 billion, up 27.1% from the previous year. Among them, SW package exports totaled $2.64 billion, up 25.4%; IT service exports totaled $2.69, up 28.8%. In 2014, the IT export share of SW packages was 49.5%, while IT services 50.5%. Meanwhile, the compound annual growth rate(CAGR) of SW exports was as high as 39.1% between 2009 ($1.02 billion) and 2014.
In 2014, the exports by small ICT companies was $27.4 billion, down 1.8% from last year, covering 15.8% of total ICT exports. Its CAGR from 2008 till 2014 was 9.6%.
In 2013, the number of Korean ICT companies was 19,664, up 0.6% from last year. By item, the number of companies producing ICT equipment was 9,058, covering 46.1% of total; SW(package SW, IT service) companies were 7,103, covering 36.1%; ICT service companies were 3,503, covering 17.8%.
In 2014, workers in the ICT industry numbered 1,639,000, or 9.5% of all industrial workers. Of these, 871,000 were specialty workers within the ICT industry, 217,000 were workers in ICT-related industries, while 551,000 were ICT workers in other industries.

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<Source : 2015 Annual Report on the Promotion of the Korean ICT Industry by Ministry of Science, ICT and Future Planning>

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The Leading Mobile Exhibition & Business Meeting Event!

May 11, 2016 by Leave a Comment

GMV2016 offers a great opportunity to broaden your business horizons.

Global Mobile Vision 2016, the leading mobile exhibition & business meeting event in South Korea, will be held at Korea International Exhibition Center [KINTEX] in Gyeonggi-do on October 6-8, 2016.
https://korean-electronics.com//inquirySince 2008, GMV has played a crucial role in the Korean mobile industry as a global marketplace. Also, it contributes to the increase of mobile and IT enterprises’ sales in both domestic and international markets.
The Global Mobile Vision consists of a number of local IT companies and visitors that hold innovative mobile technology and devices. You will discover newly created IT technology and products at GMV2016.
Join GMV 2016 and take this great opportunity to find out yourn ew business partners in Korea.

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• GMV 2016 Outline
Title: Global Mobile Vision 2016 (GMV 2016)
Dates: 6th (Thu) ~ 8th (Sat), October, 2016 / 10:00 ~ 17:00
Venue: KINTEX Exhibition Center II
Scale: 500 Exhibitors, 500 Overseas Buyers
Programs: 1:1 Business Meeting, Technical & Marketing Forum, Startup Zone, IR Session
Host: Ministry of Science, ICT and Future Planning, Ministry of Trade, Industry & Energy
Organizer: KOTRA (Korea Trade-Investment Promotion Agency), KINTEX

• Overseas Buyer Benefits
– Pre-matched 1:1 B2B meetings with local companies
– Accommodation for 3 nights
– Transportation (to hotels, to the exhibition hall)
– Interpreter for 1:1 B2B meetings

• Final Report of GMV 2015

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Steel industry eyes Mexico

May 11, 2016 by Leave a Comment

The nation’s steel giants, POSCO Group and Hyundai Steel, have chosen Mexico as a strategic nation to expand their presence in the global market. A gateway for Latin America, directly south of the U.S., the world’s largest auto market, Mexico has been considered to be an optimal production base for coldrolled steel plates for automobile production.https://korean-electronics.com//inquiry
According to officials at POSCO and the Financial Supervisory Service, POSCO-America, the group’s affiliate in the U.S., acquired a local steel distributor and a human resources company in Mexico City last December. Both companies’ assets were estimated at 55.7 billion ($48 million) and 79 million won, respectively. Such a move is believed to be part of
POSCO’s efforts to boost the group’s growth.
Since the group’s chairman Kwon Oh-joon was appointed to the post in March 2014, the group has undergone largescale reconstruction to improve its finances. The group sold a total of 34 affiliates at home and abroad last year and is expected to sell more of its remaining 35 units this year.
In the meantime, POSCO has opened four coldrolled steel plants in Mexico over the last ten year. The annual production of the four plants combined now reaches 560,000 tons annually, and global auto makers such as Nissan, Honda, Mazda, Volkswagen and Ford are POSCO’s major clients.
“A series of reconstructions and concentration on the cold-rolled steel operation in Mexico are part of the group’s effort to maximize profitability and normalize its finances,” said a POSCO official.

“Mexico is considered to be an ideal location for us because it is close to the U.S., the world’s largest auto market. POSCO will continue reconstructing lowprofit affiliates and focus on its operations in Mexico.” Hyundai Steel, an affiliate of Hyundai Motor Group, is also taking a similar approach in Mexico.

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The company recently completed construction of its steel service center (SSC) in the northeastern Mexican city of Monterrey, gearing up for entering the Latin America market. After weeks of preparations, the SSC will start operations from the end of this month.
The operation of the SSC in Monterrey is part of Hyundai Motor Group’s moves to expand its overseas production lines. The new SSC will enhance the group’s auto production in Mexico. The SSC in Mexico is expected to produce cold-rolled steel plates for around 400,000 cars every year.
Hyundai Steel invested a total of 53 billion won to build the SCC. “The SCC in Mexico will supplement domestic production of cold-rolled steel plates that will make up half of the auto production in Korea,” said a Hyundai Steel official.

<Source:KITA>

 

 

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“It’s Right Time for Korean ‘Soft Power’ Companies to Enter into Latin America”

May 11, 2016 by Leave a Comment

“Latin America is expected to experience difficulties such as slow growth due to the price decline of resources and the currency devaluation. However, with the opening of expanded Panama Canal, cooperation projects using the policies to discover new growth engine such as online business will be promising.”https://korean-electronics.com//inquiry
The Korea International Trade Association (Chairman, Kim In-ho) held the “2016 Economic Outlook of Latin America ‘Look for Opportunities in the Recession’ Seminar” at the conference room in Trade Tower on January 26 (Tuesday). The abovementioned statement is what the Latin America experts who participated in the seminar as speakers said during their speeches.
Kim Hyung-joo, a researcher at LG Economic Research Institute, has anticipated that the Latin America will struggle with the part several years’ sluggish economic growth and the currency devaluation, but “the additional market expansion will be possible with the reduced tariff s and non-tariff barriers between the countries in the TPP region when the TPP agreement comes into eff ect.” Moreover, he added that it is necessary for Korean companies to develop the strategies to comprehensively use human resources, infrastructure and cumulative rules of origin in each country through the TPP for the long term perspective.
Kwon Ki-soo at Korea Institute for International Economic Policy requested Korean companies to work on the measures as there still are possibilities of partial default of the resource-rich Latin American companies. In addition, as those countries are expected to get out of the commodity dependent economic structure and promote ‘New Industrial Policy’ to discover new growth engine, the customized cooperation projects are required.
President Eduardo of Braxco, Latin American online contents consulting fi rm, selected e-learning, online game and application that are recently called ‘soft power’ as the areas that Korean companies need to pay att ention to in Latin America. He forecasted “Online game market in Latin America will grow at the average rate of over 50 percent every year and e-learning market will grow about 30 percent this year.”
Commercial Att ache Carles Diamedes at the Embassy of Panama in Korea said that the Panama Canal expansion is expected to be completed in May this year and “it will increase vessel capacity from 4,500 to 14,000 TEUs. With the bett er transportation efficiency, the shipping market will expand from the west coast of North America to the east coast of North America as well as Latin America.”
Meanwhile, Kim Jung-soo, director of International Aff airs Department at KITA stressed “The trade between Korea and Latin America has been limited to IT, cars and agriculture areas. However, it is required to expand its scope to new promising industries such as construction, the defense industry, medical and environmental sectors and G2G.” He also mentioned “KITA will actively support Korean companies to enter into Latin America through the marketing officefor Latin America and a variety of seminars on market expansion.”

<Source:KITA>

 

 

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Korea has 64 Items with Largest Share in Global Export Market

May 11, 2016 by Leave a Comment

According to a report titled “Korea’s Export Competitiveness Refl ecting the Items with the Largest Share in Global Export Market” published by the Institute for International Trade (President, Kim Geuk-soo, htt p://iit.kita.net) of the Korea
International Trade Association, as of 2014, the total number of 64 Korean products had the largest share in their global export market.
https://korean-electronics.com//inquiryIt is diff erent from the concept of ‘World Class Products’ that are selected by the Ministry of Trade, Energy and Industry based on the comprehensive evaluation on Korean product’s share in global export market (top 5), technology, marketability, etc. A total of 17 new products such as chemicals (5) and steel (4) made no.1 position in terms of worldwide market share while 18 products, including steel (4) and textile (4), lost their top position to other competitors. 47 items such as memory chips continued to secure their top selling status from the previous year.
In 2014, Korea lost one item in the list of the products with the largest market share in global export market. However, it is insignifi cant when compared to the other advanced countries such as Germany (lost 33), Japan (lost 11), and France (lost 3.)

In addition, Korea lost 9 and 6 most popular items in China and the U.S., respectively. However, top selling items’ export concentration is increasing as the market share of the no.1 Korean items in each market rose 5.1 percent point and 1.4 percent point, respectively. Korea’s aggressive eff orts to expand its overseas market through free trade agreements seem to att ribute the country’s export expansion as the number of top 10 export items worldwide is increasing every year.
In 2014, China maintained the top position with 1,610 most popular items, 75 more products than in 2013, and India ranked at 6th, as the country had 6 more top selling items compared to the previous year.
At the same time, not only the developing countries but also the advanced countries such as Germany and Italy are increasing the number of their no.1 items in China and the U.S., Korea’s major markets.
Therefore, Korea needs to continue to exert eff orts to improve its export competitiveness. In particular, of no.1 items of China, the U.S., Japan and Germany, Korea is runner-up in 101 products. Among those, the number of items that has less than 5 percent of the market share gap is 26 and Korean needs to expand the exports of those items.
Kang Nae-young, researcher at the Institute for International Trade, said “Now, the slow growth of global economy continues. At this point, it is crucial to secure technology and quality competitiveness through innovation of the export items that are competing with the rivals for the top positions.” The researcher also stressed “Korean companies need to develop more high-value added products as well as differentiation strategies through consistent investment in R&D and ICT convergence. The government is required to improve the environment for companies to expand their markets to the overseas through active participation in free trade agreements, the TPP, the RCEP, etc.”

<Source:KITA>

 

 

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Green IT solution

May 11, 2016 by Leave a Comment

[INQ. NO. 1604E23] Transform your computer room or data center with HANKYUNG I-NET’s smart cooling server/ network rack (smart cooling rack) and Smart Power Distribution Unit (SPDU) total green IT solution. Turn off the inefficient high energy consuming and traditionally unreliable air conditioner to cool your computer center.https://korean-electronics.com//inquiry
Operators don’t have to cool the entire room just to keep the servers cool. Reduce energy consumption, lower your company’s carbon footprint, and save on your electric bill by cooling only what needs to be cooled, the servers. The smart cooling rack is a completely enclosed selfcooling server rack with a built in air conditioner that automatically regulates the temperature and humidity levels inside the rack as the server demands rise and fall throughout the day. With the LCD user interface touch screen on the front door panel, operator can adjust and set temperature ranges, fan speeds, humidity levels. User can also
make the same adjustments from anywhere at any time using the web remote user interface via computer or handheld smart devices and phones.
The internally mounted smart power distribution unit inside the rack monitors and records power usage and carbon emission of everything plugged into it and receiving power through it in real time via the web user interface. All power usage is stored every minute for an entire year. With the data, users can generate power consumption and
carbon emission reports.
Untitled-28.jpgIn the event of a sudden increase in temperature, the smart rack will go into emergency operation mode to compensate and quickly reduce the heat. An alarm is set off and an alert message is sent to designated users via phone or email. For quick and easy maintenance the A/C unit simply slides out from the bottom of the Rack and can be repaired or replaced for repairs elsewhere.
Consuming only 800W of power to cool, this provider’s self-contained smart cooling rack is a completely unique stand-alone mobile green IT solution that eliminates the need for additional energy wasting external cooling equipment and raised floors.

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Optical power splitter

May 11, 2016 by Leave a Comment

[INQ. NO. 1604E22] Gwangju-based https://korean-electronics.com//inquiryPPI has become one of the leading manufacturers of the optical electronics industry in Korea, successfully utilizing its superb original technology in developing planar light wave circuits to produce the optical power splitter and arrayed waveguide grating (AWG).
These two components are key to the construction of FTTH networks, providing high-speed communication that reaches the individual household. These cutting-edge products have careers of being exported to the U.S., Japanese, and Chinese markets and also being delivered to such big local ICT enterprises as KT, SK Broadband and LGT Corporation.

Untitled-27.jpgPPI’s optical power splitter is designed to be used in FTTH to separately transmit the signals that are sent from the telephone office or the cable stations through a single optical cable to multiple membership locations (apartments and houses), thereby constituting a key component of the optical membership network. PPI’s manufacturing capacity of components ranged from chips to modules reached the global upper-level, enabling the company to actively lead the global technological trend.

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