Korean Machine Tool Market Trend in January

Machine Tool Market Status (January, 2016)

☐ (Orders) ‘16. January Machine Tool Order ￦1,583B(MoM -18.9%, YoY -73.3%)
o (Domestic Orders) ￦1,165B(MoM -2.9%, YoY -18.0%), 
   (Export Orders) ￦471B(MoM -44.5%, YoY -90.7%)

o (By product)
NC Metal Cutting(￦1,388B, MoM -11.6%)
Metal Cutting (￦82B, MoM -0.1%), 
Metal Forming(￦112B, MoM -62.4%), 

o (By industry)
Automobile(￦451B, MoM +33.8%),
Steel‧Nonferrous Metal(￦85B, MoM +74.5%), 
Machinery(￦218B, MoM +7.2%), 
Electric‧Electronics‧IT(￦139B, MoM -50.0%)

*Metal products(￦112B, MoM +0.9%), Shipbuilding‧Aviation(￦31B, MoM -48.6%),
 Precision Machinery(￦11B, MoM +57.7%)

☐ (Production) ‘16, January Machine Tool Production ￦1,904B(MoM -17.9%, YoY -37.8%),
   Shipment ￦1,552B(MoM -42.3%, YoY -43.7%)

☐ (Exports, January, '16) $123M(MoM -43.0%, YoY -22.1%)

- By Region 
Asia($59M, YoY-46.6%), North America($22M, YoY -0.6%), Europe($22M, YoY -53.2%), Central and South America($18M, +43.0%) 

*ratio of Exports(‘16.Jan.) by region : Asia(48.0%), Europe(17.9%), North America(17.9%)Central and South America(14.6%)

☐ (Imports, January, '16)$75M(MoM -35.5%, YoY -29.4%)

- Asia($46M, YoY -34.6%), North America($3M, YoY -54.8%),
 Europe($26M, YoY -33.9%)

*ratio of Imports(‘16.Jan.) by region : Asia(61.3%), Europe(34.7%), North America(4.0%) 

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

Korean Machine Tool Market Trend in November

Korean Machine Tool Market Status (November, 2015)

 
☐ (Orders) ‘15. November  Machine Tool Order ￦1,976B(MoM +0.4%, YoY -13.5%)
o (Domestic Orders) ￦1,324B(MoM -1.7%, YoY -7.7%),
   (Export Orders) ￦653B(MoM +5.1%, YoY -19.1%)

o (By product)
NC Metal Cutting(￦1,647B, MoM +7.5%)
Metal Cutting (￦109B, MoM +1.6%), 
Metal Forming(￦ 220B, MoM -32.9%)

o (By industry)
Automobile(￦412B, MoM -22.7%),
Steel‧Nonferrous Metal(￦89B, MoM +5.2%), 
Machinery(￦198B, MoM -3.2%),
Electric‧Electronics‧IT(￦284B, MoM +74.8%)

*Metal products(￦141B, MoM +4.2%), Shipbuilding‧Aviation(￦56B, MoM -33.4%),
 Precision Machinery(￦23B, MoM +52.0%)

o Machine Tool Orders(January ~ November) ￦29,833B(YoY -13.5%)
 (Domestic Orders) ￦ 15,611 B, YoY -7.7%,
 (Export Orders) ￦14,221B, YoY -19.1%

☐ (Production) ‘15, November Machine Tool Production ￦2,622B(MoM -1.4%, YoY +2.2%),
   Shipment ￦3,152B(MoM +7.0%, YoY -2.7%) 

o Machine Tool Production(January~November, 2015) ￦31,294B(YoY +2.2%)
o Machine Tool Shipment(January~November, 2015) ￦30,727B(YoY -2.7%)

☐ (Exports, November, '15) $151M(MoM -21.2%, YoY -17.9%)
o Sub total of Exports (Jan.~November, '15) $2,127M(YoY +5.8%)

- By Region
Asia($979M, YoY+8.1%), North America($365M, YoY -4.5%), Europe($457M, YoY -17.6%), Central and South America($270M, +165.3%)

*ratio of Exports(‘15.Jan.~November) by region : Asia(46.0%), Europe(21.5%), North America(17.2%)Central and South America(12.7%)

☐ (Imports, November, '15)$114M(MoM +7.8%, YoY -3.5%)

o Sub total of Imports (Jan.~ November, '15) $1,292M(YoY -4.5%)

- Asia($862M, YoY +2.1%), North America($51M, YoY -17.5%),
 Europe($366M, YoY -17.1%)

*ratio of Imports(‘15.Jan.~November) by region : Asia(66.7%), Europe(28.3%),
 North America(3.9%)

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

Korean Machine Tool Market Trend in October

Koean Machine Tool Market Status (October, 2015)

 
☐ (Orders) ‘15. October  Machine Tool Order ￦1,968B(MoM -5.8%, YoY -34.4%)
o (Domestic Orders) ￦1,347B(MoM -4.8%, YoY -15.4%),
   (Export Orders) ￦621B(MoM +8.0%, YoY -56.0%)

o (By product)
NC Metal Cutting(￦1,532B, MoM -8.4%)
Metal Cutting (￦107B, MoM +6.5%), 
Metal Forming(￦ 328B, MoM +3.7%)

o (By industry)
Automobile(￦532B, MoM -25.6%),
Steel‧Nonferrous Metal(￦85B, MoM +226.5%), 
Machinery(￦205B, MoM -5.7%),
Electric‧Electronics‧IT(￦163B, MoM +23.7%)

*Metal products(￦136B, MoM +48.9%), Shipbuilding‧Aviation(￦83B, MoM +41.7%),
 Precision Machinery(￦15B, MoM +64.4%)

o Machine Tool Orders(January ~ October) ￦27,856B(YoY -10.4%)
 (Domestic Orders) ￦ 14,288 B, YoY -8.6%,
 (Export Orders) ￦13,569B, YoY -12.3%

☐ (Production) ‘15, October Machine Tool Production ￦2,659B(MoM +11.2%, YoY +3.6%),
   Shipment ￦2,637B(MoM +7.0%, YoY -12.1%)

o Machine Tool Production(January~October, 2015) ￦28,672B(YoY +2.5%)
o Machine Tool Shipment(January~October, 2015) ￦27,575B(YoY -3.1%)

☐ (Exports, October, '15) $192M(MoM +24.6%, YoY +12.6%)
o Sub total of Exports (Jan.~October, '15) $1,976M(YoY +8.2%)

- By Region
Asia($905M, YoY+10.8%), North America($334M, YoY -3.2%), Europe($424M, YoY -17.3%), Central and South America($262M, +179.4%)

*ratio of Exports(‘15.Jan.~October) by region : Asia(45.8%), Europe(21.5%), North America(16.9%)Central and South America(13.3%)

☐ (Imports, October, '15)$105M(MoM +1.7%, YoY -7.4%)

o Sub total of Imports (Jan.~ October, '15) $1,178M(YoY -4.6%)

- Asia($789M, YoY +0.7%), North America($49M, YoY -7.1%),
 Europe($330M, YoY -16.5%)

*ratio of Imports(‘15.Jan.~October) by region : Asia(67.0%), Europe(28.0%),
 North America(4.2%)

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

[SIMTOS Story] HK. Co., Ltd. -Leading Laser cutting machine Manufacturer

HK. Co., Ltd.

- Leading Laser cutting machine Manufacturer -

 

 

 HK. Co., Ltd has changed their 26 years-old name ‘Hangwang.’ Furthermore, it has completed the 3,600 square meters second factory, ‘Doyakgwan.’ Why has the company changed the name of it and completed its office building? MTM visited the CEO of HK. Co., Ltd, Gye Myeong-je and listened to the reasons and his opinion about ‘change.’

 

 Advance in industry has brought about complexity of forms and difference of materials which is hard to be made by the existing technology. ‘Laser’ has suddenly appeared like shine from the sky and become the mainstream. Laser cutting machine is suitable for small quantity batch production. It is economic so that its demand has been increasing.

 

 HK. Co., Ltd is one of the best laser cutting machine manufacturers in Korea. The company competes against world-famous German and Swiss companies.

 

 The company exports laser cutting machine to around 30 countries in the world including United States, China, Canada and Russia and has branches in United States, China and Turkey. What is the secret of its success despite of European and Japanese companies' dominance?

 

 The CEO of HK. Co., Ltd, Gye Myeong-je, pointed out contact service for various models as the first reason. Laser cutting machine enables users to make different metals such as iron plates, stainless steel and pipes. The company takes into account this feature and offers customized before and follow-up service. Another reason is constant employee training. He said that the competitiveness of the company is from ‘human resource’ and that is why the company fosters its own technology masters through its technology training center.

 

 “The most important thing is to invest in R&D continuously and decisively. In the past, other domestic companies made laser cutting machine, too. Companies have to invest technology development continuously to stay competitive but it is hard to do. Therefore, some companies hesitated to change and left laser cutting machine area.”

 

 On the contrary, HK. Co., Ltd, has been investing more than 10% of its revenue into R&D and the ratio of R&D employee accounts for 22%.

 

 Employees had to move along the place where products are placed a t the existing factory. However, the new manufacturing system has been invented and they do not need to move as products move on rails.

 

New name with New house

 

 HK. Co., Ltd has been evolving and changing relentlessly. I could not resist myself to ask the reasons why the company has changed its name and completed the new office building. The company gave up its 26-years-old name, ‘Hangwang.’ The CEO, Gye Myeong-je said that the main reason is that it is hard for overseas customers to pronounce the old name.

 

 Another changes are the newly-built second factory and the new office building. It is because that the previous factory could not accommodate the whole yield. In addition, the factory had not enough space for training curriculum for foreign dealers or customers and domestic customers.

 

Endless changes

 

 Change is not a strange thing to HK. Co., Ltd. The CEO, Gye Myeong-je emphasized “continuous technology development is required to compete against high-class companies in the world. It is directly connected to our survival. HK. Co., Ltd has currently established a supply chain to expand its business area along with its main area, laser cutting technology. In other words, it establishes a supply chain including bending machine, deburring tool and welding.

 The company buys bending machine and deburring tool which are quality and affordable on a large scale and offers those to customers at reasonable price.

 

 I asked the goal in the future. The CEO, Gye Myeong-je, reveal “The factory we have can produce abour 600 machine and the revenue is estimated to exceed 300,000,000,000 Won. We are planning to accomplish our short term goals first to become a world top 3 laser cutting machine manufacturer in a long-term following European and Japanese companies.

 

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’s ICT Industry Reached Record-high Trade Surplus Last Month

Excess of Export Korea’s ICT Industry Reached Record-high Trade Surplus Last Month

 

 

 

 

 The Ministry of Science, ICT & Future Planning announced on Oct. 13 that Korea’s ICT exports increased by 1.6 percent year-on-year last month to US$15.9 billion, the highest level since the beginning of this year. It added that the country’s ICT imports for Sept. increased by 1.4 percent from a year ago to US$7.77 billion, and the trade surplus reached a new high.

 Korea showed positive export growth in the ICT industry for two months in a row in spite of market research firm Gartner’s prediction that the global ICT market is likely to shrink by 4.9 percent this year and the fact that overall exports from Korea posted a decrease of 8.3 percent last month.

 The remarkable performance was led by digital TV suppliers as well as mobile phone and semiconductor exporters. Digital TV and component exports, which continued to fall year-on-year during the first eight months of this year, recorded an increase of 9.3 percent to US$610 million in Sept., while mobile phone and semiconductor exports rose 34.1 percent and 0.8 percent to US$2.83 billion and US$5.86 billion, respectively.

 On the contrary, the exports of display products declined 14.5 percent to US$2.68 billion, and those of computers and auxiliary equipment fell 9.0 percent to US$600 million during the same period.



SOURCE : http://www.businesskorea.co.kr/news/money/12470-excess-export-korea%E2%80%99s-ict-industry-reached-record-high-trade-surplus-last-month#sthash.mWFwTWtx.dpuf

[Amazing Korea] South Korean-designed SMART Reactors to be Built in Saudi Arabia for First Time

South Korean-designed SMART Reactors to be Built in Saudi Arabia for First Time

 

 

 

    A diagram of a System Integrated Modular Advanced Reactor. 

 

 

 

 South Korea’s efforts to export its domestically-designed small nuclear power reactors have borne fruit.  The Ministry of Science, ICT, & Future Planning (MSIP) announced on Sept. 2 that the Korea Atomic Energy Research Institute (KAERI), designer of the System-integrated Modular Advanced Reactor (SMART), has signed a memorandum of understanding (MOU) with Saudi Arabia's King Abdullah City for Atomic and Renewable Energy in Saudi Arabia to conduct the Pre-Project Engineering (PPE) program before constructing SMART reactors. This is the first project of the “SMART Partnership MOU,” which was signed at the time when President Park Guen-hye made a tour to the Middle East in March.

 

  Under the agreement, the two countries will jointly conduct a preliminary study to review the feasibility of constructing SMART reactors, build two SMART reactors in Saudi Arabia, push ahead with the additional construction, and cooperate on the commercialization and promotion of the SMART reactor to third parties. Once the construction is completed, as agreed, SMART reactors, which have been developed with a large budget from 1997, will be exported for the first time in 20 years. Park Jae-moon, head of the Office of R&D Policy at the MSIP, said, “Starting from Dec. this year, the two countries will carry out the PPE project for 39 months, and make the preliminary safety analysis report. If Saudi Arabia finally decides to build SMART reactors after three years, we will submit the report and get the approval for construction.”

 

  As the agreement stated, Korea and Saudi Arabia will make the joint investment of a total US$100 million (118.4 billion won) – US$30 million (35.52 billion won) each year for three years.

 

  Park said, “Saudi Arabia will supply 20 percent of the nation’s electric power from nuclear power plants, and 15 to 20 percent of them from small nuclear power reactors by 2040. Since we have recently decided on the possible site and focused on training researchers in the related sectors, the final export is more likely to happen.”

 

  Considering the fact that the possible SMART reactors construction site is inland, the MSIP and KAERI will introduce an air cooling system, which is different from the existing water cooling system that is authorized as the standard design.



Source : http://www.businesskorea.co.kr/article/11917/news-south-korean-designed-smart-reactors-be-built-saudi-arabia-first-time#sthash.kvDpNmSM.dpuf

Korea Machine Tool Market Trend in August

Korean Machine Tool Market Status (August, 2015)

☐ (Orders) ‘15. August Machine Tool Order ￦1,893B(MoM -14.8%, YoY -32.9%)
o (Domestic Orders) ￦1,238B(MoM -3.5%, YoY -21.1%),
   (Export Orders) ￦655B(MoM -30.4%, YoY -47.8%)

o (By product)
NC Metal Cutting(￦1,627B, MoM -16.7%)
Metal Cutting (￦74B, MoM +19.7%), 
Metal Forming(￦ 191B, MoM -8.2%)

o (By industry)
Automobile(￦528B, MoM +3.3%),
Steel‧Nonferrous Metal(￦98B, MoM +32.0%), 
Machinery(￦240B, MoM +15.5%),
Electric‧Electronics‧IT(￦129B, MoM -7.9%)

*Metal products(￦81B, MoM -20.2%), Shipbuilding‧Aviation(￦55B, MoM -23.7%),
 Precision Machinery(￦11B, MoM -63.4%)

o Machine Tool Orders(January ~ August) ￦23,800B(YoY -4.4%)
 (Domestic Orders) ￦ 11,527 B, YoY -7.4%,
 (Export Orders) ￦12,273B, YoY -1.4%


☐ (Production) ‘15, August Machine Tool Production
     ￦2,483B(MoM -13.9%, YoY -7.7%),
    Shipment ￦2,819B(MoM +8.8%, YoY +3.6%)
o Machine Tool Production(January~August, 2015) ￦23,621B(YoY +4.6%)


☐ (Exports, August, '15) $205M(MoM -18.8%, YoY +5.5%)
o Sub total of Exports (Jan.~August, '15) $1,631M(YoY +14.4%)

- By Region
Asia($735M, YoY+14.9%), North America($269M, YoY -1.1%), Europe($338M, YoY -15.0%), Central and South America($247M, +245.4%)

*ratio of Exports(‘15.Jan.~August) by region : Asia(45.1%), Europe(20.7%), North America(16.5%)Central and South America(15.1%)

☐ (Imports, August, '15)$105M(MoM -23.2%, YoY -5.7%)
o Sub total of Imports (Jan.~ August, '15) $969M(YoY -2.5%)

- Asia($637M, YoY +2.8%), North America($42M, YoY -8.4%),
 Europe($285M, YoY -12.8%)

*ratio of Imports(‘15.Jan.~August) by region : Asia(65.7%), Europe(29.4%),
 North America(4.3%)
*￦ : Korea Won, $ : US dollar, B= Billion,  M=Million

[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