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Denso integrates operations in South Korea 

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Denso Corporation, major supplier of automotive technology and components, is to integrate the operations of three of its group companies: Denso Korea Electronics Corporation, Denso Korea Automotive Corporation, and Denso International Korea Corporation.

The combined companies will operate as Denso Korea Corporation and will integrate the development, manufacturing and sales of automotive components in the region.

Since the establishment of its first production company in South Korea in 1976, Denso has locally manufactured display products, such as instrument clusters and head-up displays, as well as car air conditioners, starters, alternators, and small motors for automakers in South Korea.

[Read more…] about Denso integrates operations in South Korea 

Country Insight: The potential for development in communist North Korea

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North Korea is often referred to as a hermit kingdom of sorts, or the last bastion of communism remaining in today’s largely capitalist world. 

But it’s probably more accurate to think of it as a militaristic nation which has been on a war footing ever since the 1950s when it was the battleground for forces from the US, UN and China, as well as its own.

So, for the past 70 years, the country’s population of 25 million have had to live on food rations provided by the communist government.  [Read more…] about Country Insight: The potential for development in communist North Korea

Thailand and South Korea sign new trade and investment deals

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Thailand and South Korea have been working closely to increase bilateral trade and investment.

The two countries are among the largest manufacturers of advanced technological products in the world.

Overall, when all manufacturing is taken into account, South Korea is approximately the fifth-largest manufacturing nation in the world, while Thailand is within the top 20.  [Read more…] about Thailand and South Korea sign new trade and investment deals

South Korean government to expand robotics and automation sector to $6 billion

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The South Korean government has decided to invest significant resources into expanding the country’s production of industrial robotics and automation systems so that it’s worth $6.15 billion by 2022.

This is according to BusinessKorea.com, which says the plan is intended to increase the number of small and mid-size robot makers with sales of more than $46 million to 25.

The report says government-backed organisations, academic and research institutions, as well as private enterprise will take part in the new initiative.  [Read more…] about South Korean government to expand robotics and automation sector to $6 billion

South Korea robotics industry continues steady growth

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The South Korean robotics industry is showing signs of steady growth, according to a report on ETNews.com. 

The website quotes statistics published by the Korea Association of Robot Industry.

The Association says the output of South Korean robots was $4.11 billion in 2016.  [Read more…] about South Korea robotics industry continues steady growth

Technically speaking, South Korea just introduced world’s first ‘robot tax’

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It was kind of funny when the idea of asking robots to pay their fair share of taxes was first floated, but it seems some are taking it seriously. 

Bill Gates was one of the first to talk about it, but not many probably took him all that seriously.

But then, not many people take the universal basic income idea seriously either, but some countries have already introduced it.  [Read more…] about Technically speaking, South Korea just introduced world’s first ‘robot tax’