Korean Machine Tool Market Trend in September

Korean Machine Tool Market Status (September, 2015)

 

☐ (Orders) ‘15. September  Machine Tool Order ￦2,089B(MoM +10.4%, YoY -34.6%)
o (Domestic Orders) ￦1,414B(MoM +14.3%, YoY -10.7%),
   (Export Orders) ￦675B(MoM +3.1%, YoY -58.1%)

o (By product)
NC Metal Cutting(￦1,672B, MoM +10.4%)
Metal Cutting (￦101B, MoM +35.0%), 
Metal Forming(￦ 317B, MoM +65.7%)

o (By industry)
Automobile(￦716B, MoM +35.4%),
Steel‧Nonferrous Metal(￦26B, MoM -73.3%), 
Machinery(￦217B, MoM -9.4%),
Electric‧Electronics‧IT(￦132B, MoM +2.2%)

*Metal products(￦91B, MoM +12.2%), Shipbuilding‧Aviation(￦59B, MoM +6.6%),
 Precision Machinery(￦42B, MoM +269.8%)

o Machine Tool Orders(January ~ September) ￦28,091B(YoY -7.8%)
 (Domestic Orders) ￦ 12,941 B, YoY -7.8%,
 (Export Orders) ￦12,948B, YoY -7.9%

☐ (Production) ‘15, September Machine Tool Production ￦2,391B(MoM -3.7%, YoY -14.8%),
   Shipment ￦2,465B(MoM -12.6%, YoY -18.4%)
o Machine Tool Production(January~September, 2015) ￦26,013B(YoY +2.4%)


☐ (Exports, September, '15) $154M(MoM -25.2%, YoY -33.0%)
o Sub total of Exports (Jan.~September, '15) $1,784M(YoY -25.2%)

- By Region
Asia($815M, YoY+10.3%), North America($293M, YoY -5.4%), Europe($337M, YoY -19.5%), Central and South America($254M, +196.0%)

*ratio of Exports(‘15.Jan.~September) by region : Asia(45.7%), Europe(21.1%), North America(16.4%)Central and South America(14.2%)

☐ (Imports, September, '15)$104M(MoM -1.2%, YoY -18.0%)

o Sub total of Imports (Jan.~ September, '15) $1,073M(YoY -4.3%)

- Asia($708M, YoY +0.9%), North America($45M, YoY -8.7%),
 Europe($313M, YoY -14.6%)

*ratio of Imports(‘15.Jan.~September) by region : Asia(65.7%), Europe(29.4%),
 North America(4.3%)

*￦ : Korea Won, $ : US dollar, B= Billion,  M=Million

[Amazing Korea] ‘Korea Is Only Asian Country to Compete with Hollywood’s Cultural Hegemony’

‘Korea Is Only Asian Country to Compete with Hollywood’s Cultural Hegemony’

 

 

 

Chung Jen Feng, vice president of Wanda Media.

 

 Jung Min-heeChung Jen Feng, vice president of Wanda Media, said at the 4th KOFIC Global Forum held in KCCI on Sept. 3 that Korea is the only Asian country that can compete with Hollywood’s cultural hegemony.

 “I think that Korea is the most advanced country in Asia in film industrialization and systems, and the only Asian country that can compete with Hollywood’s cultural hegemony. I think China has a lot to learn from Korea, like how to deal with American hegemony, and what measures to take in order to advance China’s film industry. So, I expect that cooperation between the two countries will expand in the future.”

 Chung visited Korea to participate in the 4th KOFIC Global Forum, which took place at the Korea Chamber of Commerce and Industry in Seoul for two days from Sept. 2, and to discuss how to converge with information communication technology (ICT), which is recently the talk of the town in the film industry. Since he has close ties with Korean film producers and production companies, he will stay in Korea until Sept. 6 to visit several firms. 
 He said, “The Korean movie that I recently saw is 'Assassination.
' Actress Jun Ji-hyun’s charm stood out in the movie. I have seen several joint films of her in Hong Kong, but I found this most attractive. I think the actress could shine in the movie, since the outstanding director showed his ability to the full. This is the strength of Korean movies.”

 Founded in 2011, Wanda Media is rapidly growing in China after releasing a lot of movies in a short period of time, such as “Police Story 2014” and the theatrical cut of “Hurry Up, Brother”, which is a Chinese version of Korean TV show “Running Man.” He said, “The unique part of Wanda Media from China’s other five major film companies is the fact that it is a subsidiary of the Wanda Group, which encompasses a wide range of business areas. With the group having high hopes for the company, we are cooperating with firms around the world. Also, we are aiming to become the most powerful film producer in the world some time.”


 Regarding to the fact that Korea is a country that frequently cooperates with China more than other Asian countries, he said that it is due to the cultural and historical similarity between the two countries and the popularity of Korean stars in China. Above all things, however, it is because Korea has high competitiveness due to its advanced film system. “China’s movie industry now has a lot in common with Korea. To be sure, Korea is a step ahead, so China will follow a similar pattern in the future,” he added.

Source : http://www.businesskorea.co.kr/article/11936/hollywood-competition-%E2%80%98korea-only-asian-country-compete-hollywood%E2%80%99s-cultural-hegemony%E2%80%99#sthash.gTIcGC0u.dpuf

 

[Amazing Korea] Korea rises to No.6 exporter

Korea rises to No.6 exporter

 

 

 

 

 South Korea was the sixth-largest exporting nation accounting for 3.1 percent of total world exports in 2014, data showed Monday.

 

According to a special edition published by Statistics Korea to celebrate the 70th anniversary of Liberation Day, Korea’s exports increased from $25 million in 1956 to $572.7 billion in 2014.

 

The nation recently overtook France in export volume, but continued to lag behind China, the U.S., Germany, Japan and the Netherlands.

 

Korea ranked eighth in trade volume -- both exports and imports -- with $1.09 trillion in 2014. The country accounted for 2.9 percent of the world’s total trade.

 

But its high trade dependence also leaves the export-driven country vulnerable to the volatility of global economic factors such as the situation in its export destinations and geopolitical risks among its raw material trade partners. Korea saw its degree of trade dependence surge to 99.5 percent in 2014, compared to 15.2 percent in 1956.

 

The data also showed that the Korean economy has expanded about 31,000-fold since the Korean War (1950-1953). Its gross domestic product, which stood at 47.7 billion won ($44.7 million) in 1953, increased to 1.48 quadrillion won in 2014. Its per capita gross national income increased from $67 to $28,180 in the same period.

 

At 10th place in 2005, its GDP ranking has now been overtaken by countries such as Brazil (No. 7), India (No. 9) and Russia (No. 10).

 

Women’s participation in economic activities has also gradually increased over the past few decades. The female labor force participation rate which was 37 percent in 1963, climbed to 51.1 percent in 2014. The employment rate of women also rose from 34.3 percent to 49.5 percent over the same period.

 

In particular, the proportion of women among the total employed has continued to increase -- 34.8 percent in 1963, 38.2 percent in 1980, 40.8 percent in 1990, 41.4 percent in 2000 and 42 percent in 2014.

 

Consumer prices posted a 36-fold increase between 1965 and 2014, which indicates that a product priced at 10,000 won in 1965 would have been worth 360,000 won last year.

 

South Korea’s population, which surpassed 51.4 million this year, ranked 26th in the world and 13th in Asia as of 2010.

 

“But its population is projected to decrease to 43.96 million in 2060 after peaking at 52.16 million in 2030,” said the office.

 

 

SOURCE : http://www.koreaherald.com/view.php?ud=20150810001066