Korean Machine Tool Market Trend in December

Korean Machine Tool Market Status (December, 2015)

☐ (Orders) ‘15. December Machine Tool Order ￦1,952B(MoM -1.2%, YoY -17.9%)
o (Domestic Orders) ￦1,200B(MoM -9.3%, YoY -2.7%), 
   (Export Orders) ￦751B(MoM +15.2%, YoY -34.4%)

o (By product)
NC Metal Cutting(￦2,047B, MoM +3.7%)
Metal Cutting (￦82B, MoM +10.9%), 
Metal Forming(￦191B, MoM -66.8%), 

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 ~ December) ￦31,784B(YoY -13.8%)
 (Domestic Orders) ￦ 16,812 B, YoY -8.6%,
 (Export Orders) ￦14,973B, YoY -12.3%

☐ (Production) ‘15, December Machine Tool Production ￦2,319B(MoM -11.5%, YoY -22.0%),
   Shipment ￦2,690B(MoM -14.7%, YoY -21.4%)

o Machine Tool Production(January~December, 2015) ￦33,613B(YoY +0.0%)
o Machine Tool Shipment(January~December, 2015) ￦33,417B(YoY -4.6%)

☐ (Exports, December, '15) $215M(MoM +42.6%, YoY -5.0%)
o Sub total of Exports (Jan.~December, '15) $2,342M(YoY +4.7%)

- By Region 
Asia($1,090M, YoY+6.8%), North America($386M, YoY -9.2%), Europe($505M, YoY -17.3%), Central and South America($301M, +182.2%) 

*ratio of Exports(‘15.Jan.~December) by region : Asia(46.5%), Europe(21.6%), North America(16.5%)Central and South America(12.9%)

☐ (Imports, December, '15)$116M(MoM +1.9%, YoY -19.5%)

o Sub total of Imports (Jan.~ December, '15) $1,407M(YoY -5.9%)

- Asia($932M, YoY +0.0%), North America($57M, YoY -22.7%),
 Europe($405M, YoY -16.5%)

*ratio of Imports(‘15.Jan.~December) by region : Asia(66.2%), Europe(28.8%), North America(4.1%) 

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

[Amazing Korea] Korea to Boost Economic Cooperation with Iran

Korea to Boost Economic Cooperation with Iran

 

  

The Ministries of Trade, Industry & Energy, Strategy & Finance and Land, Infrastructure & Transport announced on Jan. 21 that they voted for a plan for the promotion of business in Iran so that joint-stock automobile companies can be established in Iran and cooperation projects can be launched in the shipbuilding and port industries of the country where economic sanctions were recently lifted.

The plan includes financing assistance for more plant construction orders from Iran, cooperation in production by means of a complete knockdown and the like, and collaborations between the Korean and Iranian governments. In the automobile industry, joint-stock companies are to be set up and models are to be developed with Iranian manufacturers. At the same time, business conferences and forums are held so that more Korean medical equipment and agricultural machinery manufacturers can find opportunities in the Middle Eastern country.

Iran’s feasibility studies regarding port development are to be supported by Korea and IR sessions are organized as well. Furthermore, the cooperation between the two countries is expected to the take the form of the resumption of ICT cooperation committee activities, assistance for the penetration of the halal food market, a customs mutual assistance agreement, and other projects. Business agreements are to be scheduled with regards to healthcare policy, hospital design and medical system coordination, too.


Export factoring and forfeiting are to be utilized for the export of more products, while a framework agreement worth 5 billion euros (US$5.4 billion) will be concluded for financial assistance in the fields of hospital establishment, power generation and so on. Also, a dollar-covering settlement system will be introduced, while Korean banks are allowed to set up branches in Iran.


SOURCE : http://www.businesskorea.co.kr/english/news/money/13653-business-promotion-iran-korea-boost-economic-cooperation-iran

[Monthly SIMTOS] Apply ‘Matchmaking4U’ Program to Meet Business Partners

Apply ‘Matchmaking4U’ Program to Meet Business Partners


 Are you looking for new business partners?

 Then, I’d like to introduce SIMTOS Matchmaking4U program.

 Matchmaking4U is the program connecting the visitors (potential buyers) and exhibitors.

  You could have meetings with SIMTOS exhibitors unlimitedly if you follow the simple steps
   below.



 [Step 1] Online registration for visiting SIMTOS 2016 (www.simtos.org)


 [Step 2] Check interesting products with additional information   
  - Bilingual ability (English, Chinese, Japanese etc.), industrial fields, company profile etc. 
  - The interesting products you check would be very important information to find the    
     optimal companies. 


 [Step 3] Matchmaking4U online   
  - A buyer can search SIMTOS exhibitors sorted by interesting products and apply for 
    the meetings online, and vice versa.
 
 [Step 4] Advance Matchmaking complete! 
  - If both sides find mutual points to cooperate, the advance matchmaking completes.

Matchmaking4U program opens on Nov. 9th, 2015.
After online registration, Step 2(additional information) is required to use MM4U service. 

Don’t miss a chance! Register Now!

If you have any questions and requests feel free to contact us.

SIMTOS secretariat
+82-2-3453-2721b2b@komma.org

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] S. Korea leads global R&D spending: OECD

S. Korea leads global R&D spending: OECD 

 

 

 South Korea boasts one of the world's leading infrastructures for science development, with its spending on research and development (R&D) far higher than those of other countries, a Paris-based organization for economic cooperation said Monday.

  The country's expenditure on R&D came to 4.15 percent of its gross domestic product in 2013, hovering above its members' average of 2.4 percent, according to the OECD Science, Technology and Industry Scoreboard. It marked a two-fold growth from the 2.2 percent posted in 1995. The country spent 59 trillion won (US$52.7 billion) in conducting R&D activities in 2013, up 3.8 trillion won from a year earlier. The figure includes figures from both the public and private sectors.

  Israel, meanwhile, was the top-slot country by spending 4.21 percent of its GDP on R&D over the cited period, it said. The OECD report added South Korea boasted leadership in 11 of top 20 fast-growing technology segments, or "disruptive technologies," including the human interface for digital data transfer, which allows users to activate devices through voice or other non-traditional methods. Other key achievements of South Korea included its patents in the IoT and big-data segments. The country accounted for 14.1 percent of the global patents in the fields over the 2010-2012 period, it said.

"Korea's lead is built upon strong education in science, technology, engineering and mathematics disciplines, with the highest percentage of tertiary graduates in natural sciences and engineering in the OECD area," the organization said.

  The OECD, meanwhile, said South Korea still needs to make more efforts in improving the availability of the Internet for the elderly. While the organization estimated 80 percent of South Koreans were online on the back of the rising penetration of smartphones, the access to the Internet for those aged 55 and above hovered below the average of the OECD. The OECD also cited South Korea's creative economy policy as one of the significant global approaches to innovations.

 The creative economy calls for merging various industry segments to generate new growth engines, which usually focus on utilizing the ICT for different segments.

  The announcement came in line with the OECD Ministerial Meeting Daejeon 2015, World Science & Technology Forum that runs from Monday through Friday in Daejeon, a city packed with science institutes located 164 kilometers south of Seoul.

  

 

Source :http://english.yonhapnews.co.kr/business/2015/10/19/0501000000AEN20151019007800320.html