Monday, December 28, 2015

[SIMTOS Story] Parts Materials & Motion Controls (Hall 1-5, KINTEX1)

Parts Materials & Motion Controls (Hall 1-5, KINTEX1) 

Kumkang Commercial Company, a supplier of caliper brakes for CNC machine

Kumkang Commercial Company provides caliper brakes of Italian company, COREMO which is one of the strategic partners of German company, Siemens in Korean market. The company will introduce caliper brakes for CNC machine of COREMO at the upcoming SIMTOS 2016. The caliper brakes have pads which are made of magnetic so that they are detachable and easy to change. They also have a warning alarm to make users change wear plates timely. Users can check whether the brakes work or not from a pilot lamp. The brakes are used to stop spindle shaft of machine tools, large winches of vessels, winches of tugboats, drill ship.

Booth number 01B240          Tel +82-2-2026-8731        Website

Demand industry Energy, Electronic, Chemistry/Oil, Medical, Shipbuilding, Metal manufacturing, Industrial machines

Products Numerical control lathes, Numerical control automatic lathes, Numerical control vertical lathes, Multi shaft automatic lathes, Multi manufacturing machines and Others

AT Company to feature quiet and easy-to-manage ‘Air Transporter’

A leader of air pressure machine manufacturers, AT Company, produces air pressure automation machines. The company exports their products worldwide including Japan, Germany, Singapore, Taiwan and China. At the upcoming SIMTOS 2016, the company will promote ‘Air Transporter’ which is invented for the first time in Asia. Air Transporter keeps users safe from dangerous situations when they do press works and also protects the forms of metal at the same time. It has high productivity and simple to install. It does not make noise and cost much maintenance expense as it consists of compressed air and simple components. .   

Booth number 02A050          Tel +82-32-652-4735        Website

Main customers POSCO, Samsung Electronics, Dongbu Lightec

Demand industry Automobile, Electronic, Industrial machines, Trading, Agriculture, Home appliances, other transportation and Others

Products Feeders, Lifts, Hydraulic cylinders, Conveyors, Hydraulic components and Accessories

Sambo Corporation to introduce spindles of IBAG 

Sambo Corporation is the official Korean branch of Swiss high-speed motor spindle manufacturer, IBAG. Spindles of IBAG are widely used in mobile phone components manufacturing, carving machine, teeth drilling machine at SIMTOS2016. Most of all, it is expected that its application scope of ball bearing spindles and spindle solution which is improved downside of air bearing spindles will draw huge attention from participants. In addition, drives, motors and encoders are waiting to be introduced.

Main customers Hyundai Wia, Doosan Infracore, Namsun Tool

Demand industry Space aviation, Energy, Automobile, Electronic, Medical, Logistic, Metal processing, Heavy Machinery, Industrial machine and Other transportation

Products Spindle units, High Frequency spindle units, drives, motors, gears, ball screws/nuts and Others

Daedong Index to feature Index drive DRC170

An index-specialized company, Daedong Index, will introduce their products including Index drive DRC170. The main product, DRC170 (Dae dong Rotary Table for CNC), has Motion Control Unit which is upgraded from worm gear method and uses servo system. It does not cause backlash and clamping. It brings about rolling contact by pre-loading so that it is semi-permanent.

Booth number 05A560           Tel 02-807-1381         Website

Main customers Hyundai Motors, LG Electronics and Other companies

Demand industry Metal manufacturing

Products Rotary tables, Multi manufacturing machines, Horizontal machining centers, Vertical machining center, 5-axis machining centers and Others

[Monthly SIMTOS]SIMTOS to embrace the Middle East against the sandstorm!

SIMTOS to embrace the Middle East against the sandstorm!
- 20 buyers who have strong purchasing power from the Middle East to be invited to SIMTOS 2016
- Promotional stands to be installed in both Korea and UAE for the first time
- 3 Cooperative meetings with the exhibition organizers of metal manufacturing equipment from UAE and Egypt finished 

>> SIMTOS 2016 to be a Silk Road of exhibitors to export their products
The Secretariat has been inviting buyers who have strong purchasing power from rising countries as well as advanced countries to expand the market for exhibitors. In specific, the Secretariat has been networking with new buyers and exhibition organizers from all around the world, mainly popular countries among exhibitors. As one of their efforts to network, the Secretariat sent a delegation to UAE and Egypt from November 23th to 27th. The delegation had meetings with exhibition organizers to invite buyers from the Middle East.
As a result of the meetings, the exhibition organizers of UAE has decided to send 20 people as a visitors group and install promotional stands at their exhibitions for promoting SIMTOS and so has those of Egypt while the delegation of SIMTOS 2016 has agreed to participate in related exhibitions in the next January UAE and manage promotional stands for the first time in the Middle East. In other words, each country’s promotional activities will happen in both Korea and Middle East so that SIMTOS will make its position as a gate of entering into Korean machine tool and other markets.

>> SIMTOS are ready to become a legend of winning contracts of metal manufacturing machines against the sandstorm!
The delegation has found that Hallyu (the Korean wave) in machine tools and metal manufacturing machine is real thing in the Middle East. It is said that the Korean equipment is well known for its reasonable price and outstanding quality among those who used to use European metal manufacturing machines.
The Secretariat considers the meetings in the Middle East as an opportunity in the market where there has been visible increase of interest in manufacturing industry caused by growth of demand in heavy equipment. For exhibitors, it could be a chance to export their products to the Middle East and it could be a chance to establish networks with related overseas exhibition organizers for the Secretariat itself.
The Secretariat will support various marketing activities to make SIMTOS2016 become a Silk Road to the Middle East since the possibility of import and export of cutting-off machines and welding machines rather than metal cutting tool whose demand is stable in advanced countries is expected to grow.

>> SIMTOS is a certified check, Come and grab a chance of targeting the Middle East market.
There has been an early move to vitalize exporting and pioneer new markets through SIMTOS. For example, the Secretariat provides the Online matching program’ and the program is called ‘Matchmaking4U (MM4U).’ It enables exhibitors and buyers to meet on the day of the exhibition after sharing information on interesting products online so that they can have effective business meetings. The program is designed to allow advance matchmaking between each exhibitor and buyer. Each of them chooses crucial information to find the optimal partner and check requirements for contracts. It leads to increase in the feasibility of actual contracts on the spot of the exhibition.   
The 17th SIMTOS 2016 is schedule to be held from April 13th to 17th (5 days) at KINTEX, Korea. It is estimated that the exhibition will have approximately 6,200 stands of 1,000 companies from 35 countries. Visitors can register online in advance. For detailed information, visit the SIMTOS website ( 

Wednesday, December 2, 2015

Korean Machine Tool Market Trend in October

Koean Machine Tool Market Status (October, 2015)

(Orders) ‘15. October  Machine Tool Order 1,968B(MoM -5.8%, YoY -34.4%)
o (Domestic Orders)
1,347B(MoM -4.8%, YoY -15.4%),
   (Export Orders)
621B(MoM +8.0%, YoY -56.0%)

o (By product)
NC Metal Cutting(
1,532B, MoM -8.4%)
Metal Cutting (
107B, MoM +6.5%), 

Metal Forming( 328B, MoM +3.7%)

o (By industry)
532B, MoM -25.6%),
Nonferrous Metal(85B, MoM +226.5%), 

Machinery(205B, MoM -5.7%),
ElectronicsIT(163B, MoM +23.7%)

*Metal products(136B, MoM +48.9%), ShipbuildingAviation(83B, MoM +41.7%),
 Precision Machinery(
15B, MoM +64.4%)

o Machine Tool Orders(January ~ October)
27,856B(YoY -10.4%)
 (Domestic Orders)
14,288 B, YoY -8.6%,
 (Export Orders)
13,569B, YoY -12.3%

(Production) ‘15, October Machine Tool Production 2,659B(MoM +11.2%, YoY +3.6%),
2,637B(MoM +7.0%, YoY -12.1%)

o Machine Tool Production(January~October, 2015) 28,672B(YoY +2.5%)
o Machine Tool Shipment(January~October, 2015)
27,575B(YoY -3.1%)

(Exports, October, '15) $192M(MoM +24.6%, YoY +12.6%)

o Sub total of Exports (Jan.~October, '15) $1,976M(YoY +8.2%)

- By Region
Asia($905M, YoY+10.8%), North America($334M, YoY -3.2%), Europe($424M, YoY -17.3%), Central and South America($262M, +179.4%)

*ratio of Exports(‘15.Jan.~October) by region : Asia(45.8%), Europe(21.5%), North America(16.9%)Central and South America(13.3%)

(Imports, October, '15)$105M(MoM +1.7%, YoY -7.4%)

o Sub total of Imports (Jan.~ October, '15) $1,178M(YoY -4.6%)

- Asia($789M, YoY +0.7%), North America($49M, YoY -7.1%),
 Europe($330M, YoY -16.5%)

*ratio of Imports(‘15.Jan.~October) by region : Asia(67.0%), Europe(28.0%),
 North America(4.2%)

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

Monday, November 30, 2015

[SIMTOS Story] HK. Co., Ltd. -Leading Laser cutting machine Manufacturer

HK. Co., Ltd.
- Leading Laser cutting machine Manufacturer -
 HK. Co., Ltd has changed their 26 years-old name ‘Hangwang.’ Furthermore, it has completed the 3,600 square meters second factory, ‘Doyakgwan.’ Why has the company changed the name of it and completed its office building? MTM visited the CEO of HK. Co., Ltd, Gye Myeong-je and listened to the reasons and his opinion about ‘change.’
 Advance in industry has brought about complexity of forms and difference of materials which is hard to be made by the existing technology. ‘Laser’ has suddenly appeared like shine from the sky and become the mainstream. Laser cutting machine is suitable for small quantity batch production. It is economic so that its demand has been increasing.
 HK. Co., Ltd is one of the best laser cutting machine manufacturers in Korea. The company competes against world-famous German and Swiss companies.

 The company exports laser cutting machine to around 30 countries in the world including United States, China, Canada and Russia and has branches in United States, China and Turkey. What is the secret of its success despite of European and Japanese companies' dominance?
 The CEO of HK. Co., Ltd, Gye Myeong-je, pointed out contact service for various models as the first reason. Laser cutting machine enables users to make different metals such as iron plates, stainless steel and pipes. The company takes into account this feature and offers customized before and follow-up service. Another reason is constant employee training. He said that the competitiveness of the company is from ‘human resource’ and that is why the company fosters its own technology masters through its technology training center.
 “The most important thing is to invest in R&D continuously and decisively. In the past, other domestic companies made laser cutting machine, too. Companies have to invest technology development continuously to stay competitive but it is hard to do. Therefore, some companies hesitated to change and left laser cutting machine area.”
 On the contrary, HK. Co., Ltd, has been investing more than 10% of its revenue into R&D and the ratio of R&D employee accounts for 22%.
 Employees had to move along the place where products are placed a t the existing factory. However, the new manufacturing system has been invented and they do not need to move as products move on rails.
New name with New house

 HK. Co., Ltd has been evolving and changing relentlessly. I could not resist myself to ask the reasons why the company has changed its name and completed the new office building. The company gave up its 26-years-old name, ‘Hangwang.’ The CEO, Gye Myeong-je said that the main reason is that it is hard for overseas customers to pronounce the old name.

 Another changes are the newly-built second factory and the new office building. It is because that the previous factory could not accommodate the whole yield. In addition, the factory had not enough space for training curriculum for foreign dealers or customers and domestic customers.
Endless changes
 Change is not a strange thing to HK. Co., Ltd. The CEO, Gye Myeong-je emphasized “continuous technology development is required to compete against high-class companies in the world. It is directly connected to our survival. HK. Co., Ltd has currently established a supply chain to expand its business area along with its main area, laser cutting technology. In other words, it establishes a supply chain including bending machine, deburring tool and welding.
 The company buys bending machine and deburring tool which are quality and affordable on a large scale and offers those to customers at reasonable price.
 I asked the goal in the future. The CEO, Gye Myeong-je, reveal “The factory we have can produce abour 600 machine and the revenue is estimated to exceed 300,000,000,000 Won. We are planning to accomplish our short term goals first to become a world top 3 laser cutting machine manufacturer in a long-term following European and Japanese companies.

[SIMTOS Story] Mitutoyo Korea Corporation - Precision measuring instruments such as coordinate measuring machines, form measuring instruments, small tool instruments, etc.

Mitutoyo Korea Corporation
 - Precision measuring instruments such as coordinate measuring machines, form measuring instruments, small tool instruments, etc -
 Mitutoyo, the 80-years-old tradition of Precision Measuring Instruments, is the specialized company that focuses only on precision measuring since 1934. As distributing measuring tools, 3D measuring machines, profile measuring machines, optical inspection machine and etc. worldwide, Mitutoyo became the only maker producing every types and line of precision measuring instruments in the field of measuring length.
 Mitutoyo Korea Corporation, one of the Mitutoyo branch, will exhibit various technology and instruments in SIMTOS2016. These include In-line Measuring Instruments, One-click Programming Software - MiCAT, One-click Measuring Instruments – Quick Image, and etc. for Automation System.

 Mitutoyo Korea Corporation authority says, “We make a decision to participate SIMTOS 2016, because it is the one of the successful exhibition in Korea for its enormous scale and accumulated visitors.” And he adds, “Mitutoyo Korea Corporation would exhibit various products with new products as the enlargement of stands(2.5 times more compared to last time) in order to receive response from public.”

[SIMTOS Story] NAMSUN MACHINERY CORP - 65 year-long History in Machine Tool Industry

- 65 year-long History in Machine Tool Industry -
 There is a company that has continued for 65 years based on the strong trust of customers for the technology. That's NAMSUN MACHINERY CORP is in the forefront of development of machine tool with determination that thing to save corporation is only technology.
 SIMTOS 2016 Secretariat visited NAMSUN MACHINERY CORP which recently enhance the status of domestic machine tools industry by being more active sales activities abroad and directly saw technology skills they have emphasized.


 Last month completed internally the preview of energy saving 5-AXIS machine SPHINX-5X/65 in front of the release. After research and development for 5years, SPHINX-5X/65 that is created with energy saving factors such as lightweight design, standby strategy technology in peripheral equipment, monitoring technology during power consumption and etc shows incredible results that it could reduce more 50% power consumption compared with existing products.

 SPHINX-5X/30 has good reactions in Europe. High speed 5-AXIS machine with the best specifications and performance to produce precision parts of clock, medical device and etc competes against products of prestigious global companies. Earlier this year NAMSUN MACHINERY CORP achieved the export contract to P company well-known as watch brand at the end of competing with German company and created an opportunity to instill a new awareness of the Korea machinery in the European market.
 Mr. Sohn of said NAMSUN MACHINERY CORP as the oldest machine tool company in Korea with pride in long history would keep proving the power of domestic machine tool around the world by making constant efforts to bring about the revolution.

[Monthly SIMTOS] SIMTOS 2016 to be a 'Bridge' between Exhibitors and Visitors

SIMTOS, to be a 'Bridge' between Exhibitors and Visitors
- Step 1: 70% of exhibitors have finished online registration of their products and marketing information!
- Step 2: Visitors can register their marketing information from now on!

 The secretariat of SIMTOS, Korea Machine Tool Manufacturers' Association
(KOMMA, as follows the secretariat), has stated that it is going to open online marketing information registration for visitors as of November 18th since the online marketing information registration for exhibitors has come to the finish. The secretariat has developed a distinguished online matchmaking program. The program is designed to create business environment where both exhibitors and visitors share information and find each other easily and spontaneously. ‘Online marketing registration for exhibitors’ is one of the secretariat's efforts to make the exhibition more prosperous. It is said that 70% of 675 exhibitors have registered their information.

>> Evolving Matchmaking4U*, connecting online and offline

 It is expected that approximately 800 exhibitors and 100,000 visitors from all over the world will attend the biggest market place of manufacturing technology, SIMTOS. Both exhibitors and visitors will be exploring each other's products and technology to make business opportunities. Unfortunately, 5 days are not enough time to increase business possibility. That is why the secretariat has been making its effort to be a bridge between exhibitors and visitors. From 2014, the secretariat has launched its unique business meeting program, 'Matchmaking4U.' The program connects visitors to exhibitors so that exhibitors can make profits and go overseas. 

 In 2016, the secretariat has developed its own online matchmaking program to enable both exhibitors and visitors find each other easily and spontaneously. Each exhibitor and visitor enter their information online including interesting products, handling products and industrial fields and share the information to consider business possibility before the exhibition. It will lead to effective matching environment on the exhibition day. 

 * MatchMaking4U is an acronym of MatchMaking for you. It means a customized business meeting
   program of SIMTOS.

>> Online marketing information registration for SIMTOS exhibitors has successfully finished !

  As the first attempt to make a‘participation-oriented’exhibition, the secretariat has opened a service called ‘Online marketing information registration for exhibitors' and the number of exhibitors is 675.

  According to the analysis of online marketing information registration for exhibitors, 469 exhibitors, equivalent of 70% of exhibitors, has registered information such as handling products, interesting buyers, industry demand, bilingual ability and the person in charge. It is an indicator of change that exhibitors recognize the exhibition as an unmissable chance to find optimal partners effectively.

<Status of SIMTOS 2016 exhibitors' marketing information registration (as of 2015.11.17)>

Themed Pavilion
Ratio of Registration
Metal Cutting & Die ·Mold Working Pavilion
Part, Materials & Motion Controls Pavilion
CAD/CAM, Measuring Systems, Automation and Robotics Pavilion
Tools & Related Equipment Pavilion
Cutting off & Welding Pavilion
Press & Metal Forming Pavilion

 As you can see, 69% of companies which handle Machine Tool and Metal Cutting equipment have registered. 66% are from CAD/CAM, Measuring Systems, Automation companies and 70% are from Part, Materials & Motion Controls. Especially, Part, Materials & Motion Controls has reached almost 80%. It shows that exhibitors of every themed pavilion are highly interested in the pre-marketing process.

>> Industry demand has expanded to the whole aspects of manufacturing industry including automobile, electronics, ship-building, aerospace and heavy equipment

 The analysis also shows exhibitors' industry demand and opinion on visitors. The most popular industry demand was industrial machine and metal die·mold working several years ago. However, 32% of respondents has revealed that they are in demand for electronic, ship-building, aerospace and heavy equipment, saying that it is evenly distributed in the whole manufacturing industry.

 The thing is that market place has been expanded to medical, home appliance, military, energy and construction industry as well as representative manufacturing industry. The industry account for 29% of the whole business demand which means that both exhibitors and visitors have been diversified.

>> ‘Now, exhibitors' turn’online marketing information registration for domestic visitors has started! 
  As online marketing information registration for exhibitors has come to the finish, the secretariat has started the second step of online business platform, online information registration for visitors, which is subjected to those who registered in advance from this month. Visitors who registered in advance are required to enter the purpose of visit, industrial fields, bilingual ability and interesting products on the SIMTOS 2016 website or though the link in the mail sent from the secretariat.

The platform of the secretariat's online counselling system is as follows
① Enter the marketing information for exhibitors → ② Enter the marketing information for visitors → ③ Exhibitors' information share and promotion of exhibit products → ④ Matching between‘handling products-interesting products or related industry-demanding industry’

Once marketing information registration for both exhibitors and visitors is finished, full-scale matchmaking platform is completed. It is a bridge between exhibitors and visitors and also a competitive matchmaking infrastructure.

SIMTOS 2016 is to be held from April 13th to 17th (5 days) in 2016 at KINTEX. If you have registered in advance, you can apply for participation online. For detailed information, please visit the SIMTOS website ( or call 1599-2721.


[Amazing Korea] Korea to Become Game Changer in Global Semiconductor Market

Korea to Become Game Changer
in Global Semiconductor Market
 Despite the recent decrease in semiconductor prices, Samsung Electronics posted double-digit growth in the global semiconductor market this year, being hot on the trail of the industry’s number one Intel.
 SK Hynix entered the top five list in the industry for the first time ever. Korean companies made advances this year, though sales of the U.S.’ semiconductor makers, including Intel and Qualcomm, showed decreases. There can be a transition of power in the industry after next year.
 According to the monthly report released by semiconductor market research firm IC Insights on Nov. 12, Samsung Electronics is expected to have US$41.6 billion (48.24 trillion won) of sales in the semiconductor market this year.
 It is combined figures in the memory semiconductor, in which Samsung Electronics has maintained its top place for 22 years in a row, and the system semiconductor and microprocessor chip sectors, in which the company is relatively weak.
 As Samsung Electronics increased sales by 10 percent from US$37.8 billion (43.83 trillion won) last year, the company also ranked top in terms of the growth rate among the top five companies with the highest sales. Samsung Electronics started mass production of 48-layer V-NAND flash memory chips, and began the 14nm FinFET manufacturing process in the system semiconductor sector this year, showing unrivaled competitiveness in technology.
 SK Hynix also showed good performance this year. As the company is likely to post US$16.9 billion (19.6 trillion won) in sales, up 4 percent from US$16.3 billion (18.9 trillion won), it moved into fourth place in the industry, surpassing Qualcomm and Micron. It is the first time for SK Hynix to join the top five list in the industry in the rankings released by IC Insights.
 However, overseas competitors showed relatively low results. As the estimated sales of Intel this year stood at US$50.3 billion (58.32 trillion won), down 2 percent year-on-year, the gap between Samsung Electronics narrowed to US$8.7 billion (10.09 trillion won). The sales difference between the two companies last year reached US$13.6 billion (15.77 trillion won).
 In addition, Qualcomm, which was considered to be the absolute power in the system semiconductor sector, is also expected to record US$15.6 billion (18.09 trillion won) of sales this year, showing a 19 percent decrease from the same period.
 The advances of Korean companies stand out more when reflecting the exchange rate effects. The report said that the won this year is devaluated by nearly 7 percent against the dollar compared to last year and sales of Samsung Electronics will reach US$44.8 billion (51.95 trillion won) if the exchange rates this year are same as last year.
 Then, the sales gap between Samsung Electronics and Intel will narrow even further to US$6 billion (6.96 trillion won). Based on such a calculation, sales of SK Hynix will also surge to a whopping US$18.2 billion (21.1 trillion won).

[Amazing Korea] Erich Schmidt in Korea this week to discuss Google partnership

Erich Schmidt in Korea this week

to discuss Google partnership

  Eric Schmidt, the Executive Chairman of Alphabet Inc., the holding company of Google Inc., is visiting South Korea on Thursday for a three-day trip, according to Google Korea LLC on Sunday. Schmidt is scheduled to meet with executives of Samsung Electronics Co. Ltd in Seoul. He may be meeting Samsung Electronics Vice Chairman Lee Jay-yong.

 Schmidt is visiting Korea for the first time since Google changed to a holding company structure in August. Industry watchers would be closely watching what kind of new partnership the technology giant would be seeking with Samsung and LG Electronics. Schmidt visited Samsung Electronics the last time he visited Korea in 2013.

 Samsung Electronics and Google share leadership in the Android-based smartphone market.

 According to the IDC market research, the Android operating system took up the lion’s share of 82.8 percent of the global mobile market in the second quarter this year. The two companies last year signed cross-license agreement allowing each other access to patents rights of the two companies for the next 10 years.

 Schmidt will also be meeting executives of LG Electronics. LG Electronics and Google expanded partnership from Nexus phone to automated cars and operating system for the Internet of Things. Google engineers are working closely with LG workers at the company’s research and development center in southern Seoul.

  Schmidt also plans to visit Korean startup companies and the National Assembly.

Tuesday, November 3, 2015

[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

 [Step 1] Online registration for visiting SIMTOS 2016 (

 [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

[Monthly SIMTOS] - Have you noticed? – ‘SIMTOS Tram’

[Monthly SIMTOS] - Have you noticed? – ‘SIMTOS Tram’

First Action of SIMTOS, Activating the First Tram in the History of KINTEX Exhibition for KINTEX 2 Exhibition Venue


Have you ever seen the elephant tram in amusement parks or famous tourist spots? Now, you can take the SIMTOS tram during Exhibition Week. The SIMTOS secretariat is going to operate the tram from KINTEX 1 exhibition venue to KINTEX 2 exhibition venue. Recently, KINTEX and SIMTOS secretariat reached an agreement after consultation.

Secured Mobility for Balanced Visitor Fluctuation

During SIMTOS week (Apr. 13 ~ 17), there are over 850 exhibitors from 30 countries, and more than 10M people are going to visit KINTEX. According to the statistics, it takes average 5 hours to look over SIMTOS due to the extensive exhibition fairground. For, most of visitors came early in the morning and 43.8% of them spent more than 5 hours.

Thus, SIMTOS secretariat decided to operate the SIMTOS tram in order to secure visitors’ convenience. And it would contribute the well-balanced influx of the visitors over two exhibition venues – 1st and 2nd and would raise the satisfaction of both exhibitors and visitors.

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)
716B, MoM +35.4%),
Nonferrous Metal(26B, MoM -73.3%), 
Machinery(217B, MoM -9.4%),
ElectronicsIT(132B, MoM +2.2%)

*Metal products(91B, MoM +12.2%), ShipbuildingAviation(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%),
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