1. What Should Korean Firms Do to Capitalize on China's Shift toward Consumer Society?




 Studies said Korea will be the largest victim as China's growth strategy shifts                                                    toward encouraging domestic consumption away from the world's production base


http://english.hankyung.com/news/apps/news.view?popup=0&nid=0&c1=01&newscate=1&nkey=201510090803051


2. Korea’s ICT Shipments Hit the Year’s High in Sept


Despite the slowdown of the global ICT market and the overall decline in Korea’s exports, the nation’s ICT shipments reached this year’s high at $15.9 billion last month.





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GS Group to Use Vietnam as Production Base for Whole SE Asian Market..



GS Group will pick Vietnam as the production base for the whole Southeast Asian market and beyond. The group held a meeting of presidents in Ho Chi Minh City on October 12-13, with 14 top managers within the group including GS Retail vice chairman Huh Seung-jo, GS Caltex vice chairman Huh Jin-soo, GS Energy vice chairman Na Wan-bae, GS Engineering & Construction vice chairman Huh Myung-soo, GS Home Shopping vice chairman Huh Tae-soo, as well as the group chairman Huh Chang-soo in attendance.


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1. Korean Cars Lose Share to Import Cars..


The share of domestically made cars in the Korean market fell to 83.6 percent in the first nine months of this year, compared to 85.7 percent a year ago. In contrast, the share of import cars in the domestic market rose from 14.3 percent to 16.4 percent during the same period.


2. Samsung Shows Strong Recovery But Not in Smartphone


Samsung Electronics achieved far better-than-expected results in the third quarter of this year. As Samsung Electronics’ operating profit showed an upward trend for four straight quarters, the market interprets this as an actual sign of improvement in Samsung’s overall performance..


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1. Hyundai Motor Sees Sales Up in Mexico for Six Straight Months..

Hyundai Motor and Kia Motors both are enjoying robust sales in the Mexican car market..


2. Diesel Car Sales Up in Korea, But Down in Europe

Air pollution caused by diesel vehicles is given hot attention due to Volkswagen’s emission cheating scandal. In Europe, the world’s largest diesel market, the sales of diesel cars have been on a downhill slide after peaking in 2011.

 

In contrast, diesel cars are gaining rising popularity in Korea where the share of diesel cars in total car sales exceeded the 50-percent level in the first half of this year, first in history



3. Hanwha Group Focuses on Making Small Deals


Hanwha Energy said on September 23 that it has acquired SIT Co., a company specializing in integrated control systems in the areas of electric power, water treatment, and air conditioning, at the cost of 102.9 billion won



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