alchedek

‘alchedek’, an English magazine produced in Korea, contains information on Korea’s Economy, Business, Enterprise, Industry, and Culture.

alchedek

Global chemical leader leading innovation in the industry with on-site customized Heat Transfer Fluid solutions • ‘Heat Transfer Fluid(HTF)’ is a specialized fluid used in industrial processes to efficiently transfer heat, playing a crucial role in maintaining and transferring heat at a consistent temperature in production facilities or processes. The key advantage of Heat Transfer Fluid is its ability to supply heat effectively while precisely controlling temperature. Due to these characteristics, it is widely utilized across various industries, including temperature control in chemical plant reactions, drying processes in paper manufacturing, and temperature management in pharmaceutical production. Pitherm Chemical, a leader in the Korean Heat Transfer Fluid market, has expanded the application range of Heat Transfer Fluid to advanced industries through its unique technology. Furthermore, they are advancing towards becoming a global chemical solutions leader by providing customized solutions and professional consulting that reflect the characteristics of each industry and process.

The New Hub of the ASEAN Economy, The Future of Global Leap and Innovation Drawn Together by Vietnamese and Korean Companies

KOTRA Hanoi plays a pivotal role in Korean companies’s entry into the Vietnamese market and in economic cooperation between the two countries • The year 2025 marks the 33rd anniversary of the establishment of diplomatic relations between the Republic of Korea and Vietnam. Since the establishment of these relations, the two countries have maintained close cooperation in various fields, including economy, culture, and society. In particular, the trade volume in the economic sector has significantly increased, recording $80.7 billion in 2021, a 164-fold increase compared to 1992. Additionally, the Republic of Korea has become Vietnam’s largest investor, with a cumulative investment amounting to $51.72 billion by June 2024. Based on these achievements, the two countries are strengthening cooperation with the goal of achieving a trade volume of 100 billion dollars in 2023 and 150 billion dollars by 2030. Along with this, the local role of national institutions has become very important, and they are actively supporting the local activities of Korean companies in Vietnam. Among them, KOTRA Hanoi is an overseas trade center of the Korea Trade-Investment Promotion Agency(KOTRA) located in Hanoi, Vietnam, supporting the entry of Korean companies into Vietnam and promoting trade and investment between the two countries. It also provides various support services for Korean companies entering the Vietnamese market and plays a pivotal role in strengthening economic cooperation between the two countries. As Korea and Vietnam are forming close economic ties, we heard from Hee-Sang Lee, Regional Director General for Southeast Asia & Oceania and Director General of KOTRA Hanoi, about the economic cooperation between Korea and Vietnam, which is expanding in various fields, and the current status and plans for Korean companies to enter the Vietnamese market.

‘Creating Future Scape’, Leading the Paradigm of the Construction Industry by Securing Future Growth Engines through Digital Innovation at Samsung Construction and Trading Corporation’s Construction Division • Samsung Construction and Trading Corporation’s Construction Division announced in its 2024 annual and fourth-quarter performance report that it recorded a revenue of 18.655 trillion won and an operating profit of 1.01 trillion won last year. This achievement is attributed to the company’s efforts to lead the digital transformation and sustainable development of the construction industry, diversify overseas businesses such as urban redevelopment projects, strengthen...