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KINTEX: Asia’s No. 1 Exhibition & Convention Center

February 10, 2016 by Leave a Comment

KINTEX (Korea International Exhibition Center) is Korea’s largest-scale exhibition center. It hosts global top-level eventshttps://korean-machinery.com///inquiry through aggressive marketing and develops and nurtures competitive exhibitions. In addition, KINTEX expands various facilities for customers’ convenience while focusing on developing additional profitable businesses. An ultimate goal of KINTEX is to become a venue of trade and marketing for global leading companies both domestically and overseas as Asia’s representative exhibition and convention center.

KINTEX has recorded a cumulative total of 3.5 million visitors by the year 2014 as Korea’s leading exhibition center since holding Seoul Motor Show as the opening exhibition in the 1st Exhibition Center in 2005. Starting with hosting 273 events in 2005, KINTEX has been growing into an exhibition center that held a total of 1,153 events in 2013, opening an era of 5.2 million visitors annually. Moreover, KINTEX has held the nation’s seven big exhibitions – Seoul Motor Show, KES, Korea Machinery Fair, SIMTOS, Seoul Food, g Star, KH Fair – in two years of its opening.

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As a global top-level exhibition center, KINTEX drives Korea’s exhibition industry

2 The opening of KINTEX’s 2nd Exhibition Center in September 2011 was a prelude for a new paradigm transition
of the domestic exhibition industry. As the first domestic exhibition utilizing 100,000m2 of exhibition area, Korea Industry Fair, consisted of a total of six industry exhibitions, fired the first salvo as part of Korea’s big exhibitions’ rebirth into global top exhibitions.

SIMTOS has become the world’s fourth-largest production and manufacturing technology exhibition following exhibitions in Germany, China, and the United States by surpassing Japanese representative machine tool exhibition ‘JIMTOF’ on the occasion of its 2012 version by successfully being held in the 100,000m2 of exhibition area for the first time in Korea as a single exhibition. That means KINTEX is playing a pivotal role in laying a cornerstone for big domestic exhibitions representing the nation’s industry to grow into global top exhibitions.

KINTEX now competes against global top competitors

KINTEX successfully held GASTECH 2014, one of the world’s three largest gas exhibitions and conventions in April 2014. In November 2012, KINTEX succeeded in its bid to host the 2016 Rotary Seoul International Convention in which a total of 56,000 visitors (including 29,000 overseas visitors) are expected to participate. The increasing number of KINTEX’s attraction of international mega events means it is targeting rivals internationally, beyond the boundaries of Asia. Now, KINTEX competes with global top exhibition centers, not simply competing with ones in domestic and Asia.

 

KINTEX, the best venue for holding global top-level exhibitions

KINTEX is situated in an ideal location that can be reached within 30 minutes from Incheon International Airport, Gimpo Airport, and downtown Seoul. In particular, located in Goyang City, a mecca of the exhibition and convention industry in Korea, KINTEX provides various kinds of things to shop, buy, and enjoy, with commercial facilities including a department store and a shopping mall, accessory facilities, and a complex for Hallyu World, hotels. KINTEX in which global citizens can participate is now moving into the future with purpose and determination.

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C-Festival 2016 opens the second chapter of MICE Festival

February 10, 2016 by Leave a Comment

2With an aim to create a Korean-version of the Edinburgh Festival, C-Festival 2015 prepared by CMC (Coex MICE Cluster), Seoul Metropolitan City and Gangnam-gu was held for 11 days during May 2015.
As many as 2.35 million persons including
foreigners enjoyed various events held all over Coex, Coex Mall and the World Trade Center in Samseong-dong, and it generated economic value worth 232.1 billion won in product (sale) inducement, 47.8 billion won in income inducement caused by increased sales, and 1,688 persons in the number of induced employees.

An official with C-Festival said, “C-Festival helped recognize the basis for new growth and development in the MICE industry, a new growth industry of Korea, and will offer various contents so that the Trade Center can emerge as the center of the MICE industry,” indicating that the Trade Center in Samseong-dong will change into the new cultural MICE capital representing Korea.

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Toward this end, KITA and Coex held the Autumn Chrysanthemum Festival and Winter Festival and “The Brilliant Countdown” in cooperation with Gangnam-gu and Hyundai Motor Company around the Trade Center at year-end while creating value as a differentiated cultural space by season. And they will be followed by C-Festival 2016 for five days from May 4 to May 8, 2016.

Under the concept of“Culture Playground,”the festival will be prepared based on contents that can be enjoyed by visitors from all age groups during Children’s Day and Parents’ Day. “P&I 2016,” including Korea’s largest photo exhibition, “Art Toy Culture,” drawing a lot of interest from youths, as well as “Snack Exhibition,” and “Character Playground,” where children can enjoy themselves. There will also be parades conducted in the center of the city and a K-POP Concert featuring Korean Wave stars, which are expected to provide momentum for a new representative urban festival going beyond C-Festival 2015.

Upcoming event at Coex in March 2016: Automation World

Korea’s leading factory automation trade show, Automation World, will once again bring together two leading industry exhibitions when it takes place at Coex, Seoul, on March 9-11, 2016. These two shows are the 27th Industrial Automation, Instrumentation & Measurement Exhibition (AIMEX) and the 5th annual Korean Vision Show. In 2015, over 24,000 industry professionals attended Automation World, including over 348 overseas buyers. The exhibition was spread across 844 booths featuring displays by 280 exhibitors,
including 24 from overseas. Building on an 80% satisfaction rate, the 2016 Biz-Matching program allows exhibitors to share expertise with qualified distributors for expansion of their businesses.

In 2016 Automation World is set to be bigger and better than ever, with major exhibitors including Mitsubishi-Automation, LSIS, National Instruments, Autonics, and many other leaders of the market. This is also the second year for the Korean conference, “SMART Factory.” This conference allows exhibitors and visitors to effectively research the latest trends in the Korean automation industry. All buyers and visitors to Automation World 2016 can receive free admission by registering online with the Automation World official
website: http://www.automationworld.biz.

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Automotive brake parts

February 10, 2016 by Leave a Comment

[INQ. NO. 1601M59] Founded in 1982, Samsung Brake has grown into a leading company in the industry of automobile, industries & railways vehicle friction brake parts; not only manufacturing, but also trading.

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Based on 32 years of expertise and experience, it has developed and produced the most extensive range of brake parts. Quality assurance and product reliability are its strengths and its has gained a favorable response from the markets under the Quality Assurance System.

Samsung Brake is to develop high-quality products that fulfill performance and environmental requirements. Samsung Brake products guarantee Maximum safety, Noble and Elegant brake feeling even under the worst driving conditions. Also Samsung Brake’s goods have silent brake sound and clean wheel control complemented by innovation of noise and black dust at the basic defects of brake friction material.

Samsung Brake manufactures a wide range of automotive brake parts – disc brake pad, brake shoe assembly, and brake lining for bus and truck – which are made using the most advanced raw materials, fibers and etc. Samsung Brake delivers high-performance braking and long life non-asbestos products to the truck and bus driver. Samsung Brake has the widest spectrum of brake linings for covering all possible applications.

Automotive-brake-parts

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Automotive air-conditioning parts

February 10, 2016 by Leave a Comment

30[INQ. NO. 1601M58] Wheel Corp. has ever since its establishment in 1984 differentiated itself not only as professional maker of various types of automotive air-conditioning parts including ferrules, mufflers, etc., but also as specialty producer of construction plumbing materials like copper clamp rings, etc., on the basis of its long-accumulated state-of-the-art technology.

https://korean-machinery.com///inquiryThe internationally patented ferrule and muffler employ pipes in manufacturing process, which means they feature superior quality compared with other existing similar automotive parts.

31With the effective production system, Wheel Corp. supplies all of its flagship items including ferrule to customers with 30 percent cheaper prices than its competitors as most of its items are made using adventurous techniques – low loss of materials (3percent), simple production processes (three processes), and relatively low defect ratio (below 3ppm).

The muffler manufacturing can meet various scales of demands with the firm’s mass-production system. Wheel Corp’s two export mainstays, ferrules and mufflers, are still gathering global customers especially in China, Thailand, Iran, and India. Other hopeful trading destinations include the USA, Canada, Japan, and European countries are targeted by the company with strong potential.

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New yacht model, “Sail Catamaran 62”

February 10, 2016 by Leave a Comment

[INQ. NO. 1601M56] GHI Yachts’ stunning Sail Catamaran 62 is designed to satisfy https://korean-machinery.com///inquirydemand for local day charters whilst also being attractive to overseas markets. She follows the
trend in large cruising catamarans in featuring a flying bridge, complete with helm station and sailing controls. The applied design has a particularly spacious and practical area with an aft section dedicated to guests and entertainment with the forward section accommodating the sailing functions. It is important on charter focused vessels to provide flexible external spaces, and on this vessel, with its emphasis on day charters and the increased number of guests on board. Three separate zones – the fly bridge, a large aft deck, and a foredeck cockpit and sunbathing area – are respectively available. The alloy construction of the vessel allows great flexibility in the internal layout and normally features four equal guest cabins all with spacious en-suite facilities.

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GHI Yachts is a complete yacht manufacturer based in South Korea, in the center of the Northeast Asian seas between China and Japan, the strategic gate to Eurasia and convenient access to the American markets. This maker is currently well positioned to meet the needs of yachting clients around the world, covering all aspects including design, engineering, construction, serviceand logistics, as well as providing complete service training. This maker’s luxurious custom-built yachts are masterpieces of modern technology. It blends composite technology, state-ofthe-art steel and aluminum constructions with the world’s topdesigners, consultants and suppliers from the USA and Europe.

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Vessel components & shipbuilding equipment

February 10, 2016 by Leave a Comment

[INQ. NO. 1601M55] Korea Steel Industry has been manufacturing various kindshttps://korean-machinery.com///inquiry of vessel components such as chain locker, chain pipe, hawsepipe, pedestal, bow thruster tunnel, stern pipe, deck store, and companion way and of shipbuilding equipment such as pressure vessel II(air reservoir tank) , contributing to the development of the regional economy. In efforts to fully meet the needs of global customers, Korea Steel Industry has heavily invested in plant business and generating facilities. Other manufacturing sectors include environmental equipment (desulfuration equipment, electric dust collectors), and all iron plate bending products for industrial machines.

10Being registered as a partner of Samsung C&T, Hanshin Engineering & Construction, POSCO Engineering & Construction and Daelim Industrial in 2006, Korea Steel Industry could lay the basis for become a leading company in Korea in the field. And being selected as a partner of Hyundai Sambo Heavy Industries in 2007, Korea Steel Industry started its
delivery of outside block and industrial transporting equipment. For expansion of its production, the company established its Daebul Branch in 2008. In 2011, Korea Steel Industry was chosen as one of the INNO-BIZ companies by the nation’s Small and Medium Business Administration (SMBA) acquiring official recognition for its technical excellence.

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‘MODU’ Marine Waste Crusher

February 10, 2016 by Leave a Comment

[INQ. NO. 1601M54] SUNGMOON, specializes in manufacturing marine andhttps://korean-machinery.com///inquiry offshore waste disposal products, and during the years, has been delivering the goods to Hyundai Heavy industries, Wartsila Hyundai Engine, STX engine, and other major shipbuilding and engine companies in the world. Recently, SUNGMOON launched a brand named ‘MODU’ as part of the marine environment management project, and developed a marine waste crusher on its own as the first product of its kind.
According to a completely revised IMO MARPOL ANNEX V (Prevention of pollution by garbage from ships), the discharge of marine waste from ships is completely prohibited except in some conditions. Consequently, as it is inevitable to unload generated waste, additional problems occur such as lack of waste loading space and unloading cost.

SUNGMOON’s marine waste crusher ‘MODU’ can solve those problems all at once. As this product was designed by taking into account the voltage tailored to the ship environment, crushable materials, size, etc., the volume of various wastes generated from ships can be effectively reduced by only one model compared to the other crushers. In addition, the crusher has an automated recovery function that can protect the cutter and motor from any damage at the overload, so it guarantees the longer life time. As of now, SUNGMOON completed the supply contracts of this crusher with major shipbuilding companies and marine companies at home and abroad, and will also release additional marine environment related product lines.

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Polypreg foam

February 10, 2016 by Leave a Comment

[INQ. NO. 1601M53] DMIT Co., Ltd., as a company specializing inhttps://korean-machinery.com///inquiry manufacturing flexible complex non-combustible polyurethane foam, Polypreg Foam, is being acknowledged as a competitive company with independent technology and excellent quality in the shipbuilding/marine
industrial sector. With continuous technology development and collaboration with related
industries, DMIT has been broadening its product application to not just the shipbuilding/marine
sector but also to automobiles/heavy equipment/trains as well as aircraft and general buildings.
“Polypreg Foam” prevents flame spread in case of fire, and ensures low smoke density and very little toxic gas emission, with a high limiting oxygen index (≥35). This feature means that it is able to provide the absolute non-combustible that meets the stringent flame-retardant standards. Thus, it is a product ensuring excellent heat insulation and sound-acoustic and sound-absorption performance.

Polypreg Foam can be reused and reproduced, unlike the existing mineral insulation, which requires glass and living rocks and should be disposed of in the form of area reclamation, can be used as a substitute of the existing mineral insulation materials – glass wool and mineral wool used as materials for building and general industry. The
polyurethane forming foam is free from any disadvantageous aspects of the existing flexible polyurethane foam had including risk of fire and fast oxidation. DMIT is seeking opportunities to advance into potential overseas markets, especially for markets where construction of top-level buildings is currently active.

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Mokpo-based marine equipment enterprises to boost their market-competitiveness, invigorating the regional economy

February 10, 2016 by Leave a Comment

1As of 2014, the global marine equipment market was dominated by three key countries of South Korea, China, and Japan, recording around $83.4 billion in sales. The demand of
the global marine equipment, in 2014, was largely created by a few leading nations – South Korea (37, 2%), China (37, 2%), Japan (18, 3%), and others (7.3%).

As the global marine base is increasingly shifting to the Asian region, the production capacity ratio of the marine equipment in the global market is also being moved to Asia, with Europe’s still comparative higher ratio than other global regions. As of 2014, the global marine equipment production was mainly made by Europe (48%), South Korea (22%), Japan (14%), China (11%), and others (5%), meaning that East Asia’s three major marine nations are continuously pursuing their stops as big hands in the global marine equipment production market.

The demand for developing newer technology in the global marine equipment industry is increasing with the rising demand for high-value vessels, coupled with the growing need
for offshore drill ships and related facilities development. In response to the changing global marine market, most of S. Korea’s small-and medium-sized marine equipment
manufacturers are seeking ways to develop stronger capability to develop advanced technology, escaping from their positions as manufacturers of simply producing marine
equipment.Korea’s marine equipment manufacturers were being significantly affected by the nation’s shipbuilders’ order performances from overseas markets Korean shipbuilders recent recorded their increased growth in order quantities for this year, making the nation the global NO.1 country.

When looking into Mokpo’s hinterland region of Jeollanam-do province, now a total of 197 companies including enterprises of vessel blocks operate, having a big effect on the regional economy. Regional companies with technology competitiveness exert their leadership in the global market, given the overall difficulties caused by the recent Europe-originated financial crisis. Meanwhile, an increasing number of companies are equipping themselves with their own technologies, so, if the marine economy is, in the near future, invigorated, such kinds of companies’ performances are expected to be conspicuous.

Korea Buyers Guide covers four major companies recommended by Mokpo CCI in order for us to fully introduce these companies to overseas markets, and thus to increase the awareness of these enterprises in the global market.

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Korea suffers from nutcracker effects in between Japan and China In ASEAN M&A market

February 10, 2016 by Leave a Comment

Many are concerned that Korea may lose its initiative in ASEAN cross-border M&A market as the country is significantly falling behind its competitors such as Japan and China. Between January 2010 and May 2015, the shares of ASEAN M&A of Japan and China were 13.0 percent (ranked No.1) and 8.1 percent (ranked 5th), respectively, based on acquisition price, while that of Korea was only 2.4 percent (ranked 12th).

The Institute for International Trade of the Korea International Trade Association released a report titled “Competition Between Japan and China in ASEAN cross-border M&A, What Is Korea’s Strategy?” According to the report, while the M&A market in ASEAN has been expanding, Japan and China have led ASEAN M&A cross-border market with the two countries’ combined shares of 33.2 percent (Japan 28.5%, China 4.7%) in 2013 and 34.5 percent (Japan 9.9%, China 24.6%) in 2014.

During the same period, Japan executed more than 50 percent of its M&As in finance sector and many analyzed that it was the solution for its finance institutions’ worsening profitabilities due to matured domestic market as well as low interest rate. In contrast, China has carried out M&As focusing on investment in infrastructure and the share expansion of manufacturing industry as the country has enough growth potential in its domestic markets.

Japanese companies’ good performance due to low yen and the Chinese government’s ‘one belt one road’ policy as well as its relaxation of foreign investment review process will help Japan and China to accelerate their expansions in ASEAN M&A market. Kim Jungkyun, a researcher at KITA said “Korea is suffering from nutcracker effects in between Japan and China in ASEAN M&A market. Thus, Korea is required to expand its M&A targeting retail and finance sectors as well as IT industries in which Korea has global
competitiveness.”

<Source: KITA>

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