[KMTI ⑬] Procedures to Induce Global Enterprise HQs

Simplifying Procedures to Induce Global Enterprise HQs 

The Korean government announced its 'Foreign Investment Activation Plan' with the intent to enhance the foreign investment scale and level one stage further.

The plan highlights expanded inducement of foreign capital in the high value-added services sector, including regional headquarters and R&D centers of global enterprises.

The plan is drawing keen attention from the perspective that it is 'Economic Innovation Countermeasure No. 1' since President Park Geun-Hye revealed her initiative to promote a '3-Year Economic Innovation Plan' at her New Year press conference on January 6.

On January 9, the Ministry of Trade, Industry and Energy announced the 'Foreign Investment Activation Plan' during a luncheon roundtable meeting with foreign-invested enterprises at Cheong Wa Dae. Chairmen of foreign chambers of commerce & industry in Korea, 25 CEOs of leading foreign-invested enterprises and ministers and vice ministers of related ministries, including Trade, Industry & Energy Minister Yoon Sang-Jick, participated in the meeting.

Under the plan, the government decided to promote inducement of high value-added investments, including headquarters and R&D centers of global enterprises, in advance, with a focus on inducing global headquarters of multinational companies having capabilities to create comparatively higher added value.

To that effect, the government decided to apply a 17% flat tax rate for foreign executives and employees working at the headquarters, regardless of their incomes, and also to extend the 50% income tax exemption for foreign engineers working at foreign-invested R&D centers, which was scheduled to expire at the end of this year, until 2018.

Furthermore, the government plans to introduce a prior adjustment system that discusses proper price ranges with joint participation of the National Tax Service and the Korea Customs Service and significantly simplify the taxation system, which is being pointed out as the biggest area of difficulty in domestic management of headquarters, as well.

The government also plans to extend the period of foreign-investment visas to a maximum of five years and the period of stay granted for executives and employees of headquarters to a maximum of five years from the present 1~3 years.

[KMTI ➆] The Facility investment by manufacturing businesses in 2014

Korean Mfg. Facility Investment Seen at ￦72.6 Tril. in 2014

The Facility investment by manufacturing businesses in 2014 is projected to expand 1.6% year-on-year to 72.6 trillion won, which would account for 53.3% of the nation's total facility investment.

In terms of facility investment scale by business type, investment in electronic parts, computers and video & acoustic communications topped all sectors with 36.9 trillion won (ratio: 27.1%), followed by automobiles at 6.7 trillion won (5.0%), chemical products at 6.1 trillion won (4.5%) and primary metals at 5.6 trillion won (4.1%).

Whereas expansion of facility investment in 2014 is expected in the 'electronic parts, computers and video & acoustic communications,' 'automobiles' and 'oil refining,' facility investment is likely to decrease in 'chemical products' and 'primary metals.'

- Facility investment in the 'electronic parts, computers and video & acoustic communications,' accounting for the largest amount of investment among manufacturing businesses, will grow 5.1% year-on-year in 2014 due to projected investment expansion in semiconductors, electronic parts, etc.

- Facility investment in the automotive sector is expected to grow 8.5% year-on-year in 2014 because automakers have plans to develop new cars and expand factory facilities and because certain investment projects originally scheduled for 2013 were carried over to this year.

- Oil refining businesses are expected to increase investment by 6.8% year-on-year as investment for advancement of oil refining facilities is planned and large-scale expansion of production facilities will continue in 2014, building on last year, to prepare for growth in the Chinese petrochemical market.

In terms of investment growth rates, the 'other transport equipment' sector is expected to record the sharpest investment growth (21.6%).

- This projection reflects investment expansion in railroads, aircraft and other transport equipment-related businesses and the carry-over effects of investments which were not implemented in 2013 by shipbuilding enterprises due to a persisting business recession.

The business types that are expected to pursue facility investment growth for the second consecutive year are 'automobiles,' 'oil refining,' 'mechanical equipment,' 'rubber & plastics' and 'pharmaceutical products.'

- In contrast, the business types projected to experience investment declines for the second consecutive year are 'chemical products' and 'primary metals.'

- The business types forecast to increase investments this year despite investment declines in 2013 are 'electronic parts, computers, video & acoustic communications' and 'other transport equipment.'

[Matchmaking4U]Exhibitor(9) BONAWILL CORPORATION, TAIWAN

About Bonawill Corporation

Bonawill Corporation was established on Mar. 14, 1988, and specialized in handling many kinds of machinery parts to the machine tool field and industrial field in Korea, Japan, Malaysia, Singapore, Thailand, Sweden and Taiwan like as :Spindle (Belt, Direct Drive and built-in), Pull stud type clamping, ATC/Magazine (Disk type, Chain type for Vertical and Horizontal M/C), Ballscrew, Support unit of Ballscrew, Precision ground Lead Screw and Nut, Chip conveyor (steel belt chip conveyor, scraper type chip conveyor), Telescopic steel cover, Work Light (Halogen, Fluorescent Tubular Light, LED), Oil Cooler, Power Chuck, collet, Oil Skimmer…etc. For many years, Bonawill has never strayed from its adherence to its core corporate values of “Trust, Professionalism, and Sustainability”. Externally, Bonawill proactively cooperate with clients to ensure products that fulfill clients' requirements and expectations and thus generate successful relationships and a positive future outlook. In the future Bonawill will continue to share good quality products with our clients.

Bonawill Corporation in SIMTOS 2014

Bonawill will participate in SIMTOS2014 because of keeping growing Korea market. This time Bonawill focus on machine tool field and industrial machinery field. At SIMTOS2014, Bonawill will exhibit with Royal Precision Tool Corporation together. Not only high accuracy direct-drive spindle and build-in spindle will be exhibited, Bonawill would like to introduce other parts to Korean group. Bonawill is able to provide excellent competitive products and services, and want to support Korean group to improve both companies win-win opportunities

[Matchmaking4U]Exhibit Preview ⑧: SINKANG ENGINEERING Co., Ltd.

Expert in Special Hydraulic Power Chuck Since it was founded in 1984, SINKANG Engineering has been focused on producing special hydraulic power chucks that fix workpieces on CNC lathes, machining centers, etc. The company supplies high-quality special hydraulic power chucks to a wide variety of business types, including automobile & parts, electronic parts and metal processing-related manufacturers. SINKANG Engineering will exhibit special hydraulic power chucks that are mounted onto CNC lathes, machining centers, etc. SINKANG high-quality chucks are used in diverse industries, such as automobile, automotive parts, lectronic parts and metal processing.

Ball Lock Power Chuck It can be converted from external to internal chucking within a few minutes, The SBL chuck pulls throughtout the chucking range so that it can clamp up to 10˚ slope (20˚ taper). Jaws can be automatically adjusted in left and right directions by 5˚. There is no loss is power. The chucking force is about three times the input power. Pin Arbor Chuck It draws the workpiece to the locator securely so that it is possible heavy cutting as well as it is suited for secondary machining that requires high accuracy. The structure of Pin Arbor Chuck ensures excellent durability without allowing the entry of cutting oil and chip. Fixture The fixture is designed for gear manufacturing. SINKANG supply a wide variety of fixture including specialized hobbing, shaving, honing and grinding fixture. it ensures excellent product for gear hobbing, shaving, honing and grinding process.

[Matchmaking4U]Exhibitor(5) MECOLPRESS S.P.A., ITALY

About MECOLPRESS S.P.A.

Mecolpress S.p.A. was established in 1969 with the aim of manufacturing hot forging presses for metals and alloys.The design capabilities and the constant recourse to the technological innovation, led Mecolpress to be esteemed in the international market and to get a prominent position among the presses manufacturer. 
Our main eccentric press ranges are SOV, SEO and SEO/F having capacities up to 1.000 t. Our presses are used to forge brass, copper, aluminum, steel, titanium and other alloys that can be hot forged and are suitable to extrude pieces with vertical and horizontal holes, as well as of solid parts. Mecolpress developed in the years also the design and manufacture of screw friction presses for hot forging of brass, copper, aluminum, steel, titanium and for cold forging of lead, as well as for coining and calibration.
In the last decade Mecolpress acquired other two historical and prestigious brands, Dellavia (1993) and Osterwalder (1998), famous all over the world; now all presses and screw-presses are manufactured in the factory of Flero (Brescia). The continuous work of our Technical Dept., of research and development of new technologies to improve the product, allowed the design and manufacture of the new series of TDS screw-presses, where the screw is direct driven by an electric motor, installed coaxially to the screw. 
The production range of our machines is so wide as to satisfy the most different needs of customers working in the fittings, valves, heating fields, handles and in many others. 
Our machines are appreciated by our customers for their strength, reliability and flexibility. 
Our After-Sale Service can grant quick interventions all over the world, and our warehouse is constantly supplied with spare parts, so as to reduce at minimum the breakdowns of our customers’ machines. 
The last press family designed by Mecolpress is the new ME series: hydraulic presses.
By means of the suitable sub-press, cored pieces and even pieces without flash can be forged, which gives obvious economic benefits to the forging Companies.

Today the factory takes up a 20,000 square meters surface, 6,000 of them are under cover.

MECOLPRESS SPA in SIMTOS 2014

Mecolpress will be present in SIMTOS2014 with a small booth, exposing some metal pieces, forged through our machines. We would like to draw the attention to the products that can be forged, and the material saving the customers can obtain, by using our new hydraulic presses. We would like to improve our presence in the even more important Korean market by supporting the local customers already using our machines and by meeting new business partners.

[Matchmaking4U]Exhibit Preview ⑥: NAMSUN MACHINERY CORPORATION

Korea's Front-Runner in 5-Axis Machining Center A living witness to Korean machine tool industry history with 63 years of tradition and experience, Machinery Corporation was established in 1950 before the rapid rise of the industry. Receiving recognition for its highly advanced technology, Namsun exports 3-axis and 5-axis machining centers to major countries around the world as well as supplying products to the domestic market. Through ceaseless R&D and efforts, the company is now equipped with wide-ranging high-quality, high-functional machine tool product lines.

5-Axis Machining Center The SPHINX-5X30 is a product that offers significantly improved user convenience and design over previous models with enhanced left and right mobility of the saddle, while having greater cutting strength. Model 5X70 features zero backlash with DD (direct drive) motor function and enhanced precision level through the adoption of the latest 8-angle RAM. Vertical Machining Center The SPHINX-5X30 is a product that offers significantly improved user convenience and design over previous models with enhanced left and right mobility of the saddle, while having greater cutting strength. Model 5X70 features zero backlash with DD (direct drive) motor function and enhanced precision level through the adoption of the latest 8-angle RAM.

[Matchmaking4U]Exhibitor(3): MTS Sensors Technology Corp., JAPAN

About MTS Sensors Technology Crop.

MTS Sensors Technology Corp. was founded in 1995, it is a subsidiary of MTS Systems Corp. in Minneapolis, USA, a worldwide leading manufacturer of test and simulation systems. Since more than 30 years, the inventor of the magnetostrictive measurement method uses this unique technology successfully as a market leader for linear position sensors and float based level sensors.

At three sites, Japan, USA and Germany, 360 employees work in development, production and sales of linear position and liquid level sensors. The all sites are ISO 9001 certified, and some of its products are approved with CE, ATEX, UL, FM, CSA, and so on.

It has experiences and can offer solutions for a wide range of application, such as machine tools, metal working, plastic, rubber, food, beverage, fluid power, construction machinery, automotive, medical equipment, ship, boat, gas tank, chemical, etc. MTS Sensors remains a highly focused technology company that provides the kind of customer service and support, and offers you various technical innovations and creative solutions.

MTS Sensors provides the most reliable and accurate magnetostrictive position sensors in the world. Temposonics^® sensors are ideal for monitoring and measurement systems, for machine control involving hydraulic, pneumatic, electromechanical or even manual positioning in industrial applications.

MTS Sensors enable applications to work smarter and harder. Its full line of standard and custom linear-position sensors can fit virtually every type of industrial application imaginable. With a variety of mounting, output and configuration options and can be easily installed in a cylinder or externally mounted to your machine. Temposonics^® sensors are a cost-effective, high performance, high-quality alternative to linear potentiometers or linear encoders. When you add affordable cost to reliable, repeatable performance and zero maintenance, the choice is Temposonics^®.

MTS Sensors in SIMTOS 2014

MTS Sensors participate in ‘Matchmaking4U with Korean buyers’ to find new and potential customers. It wants to be looking for the buyers of metal cutting machines, metal forming machines, presses, robotics and welding fields through this event. MTS Sensors will corporate with its distributor in Korea for exhibition participating SIMTOS2014. It hopes to see many visitors at the show.

[Matchmaking4U]Exhibitor(2) KAFO, TAIWAN

About KAFO

KAFO machinery is a professional machine tool manufacturer from Taiwan. We were founded in 1968 and accumulated the experience over 45 years and become one of the biggest machine tool manufacturers. Our products include Vertical Machining Center, Double Column Machining Center, CNC Lathe and Horizontal Machining Center. We have full model with linear guide way, box way and super precision series.

We believe you will be satisfied with Kafo products if you are searching for a reliable supplier in this field. You will never regret to contact us because we are one of the biggest manufacturers in Taiwan with the latest technology and superior R&D team, the same as our name meaning: “March to the top of technology.”

The KAFO Double-Column Machining Center is specially designed for Industry of Semiconductor, Connector, Electronic, Aviation, High Precision Mechanical Production, Automotive, Mold Making, Textile Machines, and Machine Tool.

The entire machine is assembled using Meehanite cast iron, while the head unit uses graphite cast iron. X-axis base more than 6m will be welded, while the smaller are single piece cast iron. All the castings are heat treated to diminish inner deformation and provide long-lasting structural integrity.

Our main products include Vertical Machining Center, Double Column Machining Center, CNC Lathe and Horizontal Machining Center. And we’ll put one Vertical Machining Center and one Double Column Machining Center.

KAFO in SIMTOS 2014

KAFO participate in ‘Matchmaking4U with buyers’ to promote and advertise KAFO brand in Korea market, also make questionnaire to our customer about the preforms of KAFO productions. Check the now model in Exhibition of others manufacturer, and get the most popular model in the near future. Through ‘Matchmaking4U with buyers’  we would like to meet local customer in Korea, also wish find foreign dealership buyer during the exhibition.

KAFO Strategies for SIMTOS2014

1. Asian Area Dealer Conference within SIMTOS period

2. Enhance market share

3. Make advertisement in machine tool magazine

[Matchmaking4U]Exhibit Preview ②: Genentech Co., Ltd.]

Ever-Growing Grinding Wheel Company Genentech specializes in the manufacture of all types of grinding wheels, ranging from diamond and CBN to conventional tools. Constantly striving for customer satisfaction, Genentech products have a strong reputation for utstanding technology, top-rated quality and on time delivery. It’s diamond and CBN grinding wheels are super abrasive featuring resinoid, metal and vitrified work. The products are applicable to straight flute grinding as well as spiral flute grinding operations. Hybrid Wheels The company's hybrid wheels are applied to creep-feed grinding of rouging. The products feature the characteristics of metal & resin while having higher heat resistance than phenol or polyamide and excellent ability due to wheel elasticity.

Resinoid Wheels Genentech's resinoid wheels are divided into phenol resin and polyimide wheels. The elasticity of phenol resin wheels is higher than those wheels made of other materials, so their grinding performance is excellent for high-hardness, high-speed steel, non-ferrous metals, etc. Metal Wheels Excellent in maintaining shape, abrasion resistance and heat resistance, Genentech's metal wheels feature a long lifespan. These wheels are used mainly in intermittent grinding work and appropriate for glass, steel, shape profile and honing processing. Vitrified Diamond & CBN Grinding Wheels Characterizing these products is a very long tool life due to high concentration and excellent grinding ability owing to numerous pores. The products are used for grinding of ferrous metals and ceramics for auto parts and also for PCD & PCBN. Conventional Grinding Wheels In terms of their usage, Genetech's conventional grinding wheels are divided into resinoid (grinding tap flutes, grinding clearances & drill points), epoxy (grinding knives, bearing cases & grinding tap chamfers) and vitrified (grinding of precision products, cutting tools & tungsten-carbides).

Why SIMTOS2014

Strong Pulse of Korea’s Dynamic Biz Landscape

Currently the fifth largest machine tool producer and consumer in the world, Korea offers rapidly expanding market opportunities. Of particular significance, the country is home to world-class end-user industries -- automobiles (world’s 5th largest manufacturer), shipbuilding (1st), steel (6th), semiconductors (3rd), etc.

Strategic Hub for Northeast Asian Market

Seated next door to China and Japan, Korea is at the crossroads of Northeast Asia where 60% of the world’s machine tools are produced and sold. Moreover, 43 cities with a population of one million or more are within a three-hour flight of Seoul.

Practical Test-Bed for IT Convergence

Korea is known as an IT powerhouse, not only for its related industries and infrastructure, but also for the rapid adoption of new technologies by enterprises and the general population. Recognizing this opportunity, major global IT enterprises are keen to test their latest convergence and combination technologies in the Korean market.

Responding Rapidly to Customer Demand

Under the paradigm change where businesses are fully focused on exceeding customer requirements and expectations, innovations unveiled at SIMTOS, a global marketing platform, are on the cutting edge in generating new opportunities around the world.

 

Korea Stature in World Machine Tool Industry