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SCIENCE<br />

Global Market Leaders<br />

Made in <strong>Korea</strong><br />

BY HAN ARAN<br />

KOREA.NET STAFF WRITER<br />

The <strong>Korea</strong> Herald<br />

<strong>Korea</strong> was one of the poorest<br />

countries in the world in 1960,<br />

with a gross national income per<br />

capita of a mere $79 and a trade<br />

deficit of $300 million.<br />

But less than fifty years later, global<br />

investment bank Goldman Sachs<br />

predicted in 2007 that <strong>Korea</strong>’s percapita<br />

gross domestic product will<br />

reach $81,000 by 2050.<br />

Such an increase would make the<br />

nation the world’s second-richest<br />

economy after the United States.<br />

According to research by the<br />

Ministry of Knowledge Economy,<br />

there are 120 <strong>Korea</strong>n products that<br />

have clinched the number one spot in<br />

their respective fields as of 2006. And<br />

that number is still growing.<br />

The list includes not only hi-tech<br />

items such as semiconductor products<br />

but also small everyday items.<br />

Semiconductor products<br />

Until as recently as the 1990’s,<br />

Samsung was thought to be just a<br />

cheap microwave brand, but the brand<br />

is now recognized as an upscale, premium<br />

name in many product categories<br />

including mobile phones and LCD TVs.<br />

It all began in 1992 when the company<br />

made its name in the international<br />

market by becoming the world’s<br />

number one producer of D-RAM, or<br />

dynamic random access memory,<br />

chips, outpacing Japan. This marked<br />

the beginning of Samsung’s conquest<br />

in the semiconductor market.<br />

In 1995, the company clinched the<br />

number one spot in the S-RAM, or static<br />

random access memory, field. In<br />

2002, Samsung gained the number<br />

one spot in terms of the TFT-LCD, or<br />

thin-film transistor liquid crystal display,<br />

market.<br />

When it comes to the non-memory<br />

sector, Samsung also stands strong.<br />

It is the number one producer of<br />

Display Driver IC and System on a<br />

Chip, among others.<br />

Ships<br />

Shipbuilding is one of <strong>Korea</strong>’s leading<br />

heavy industries, and it has greatly<br />

contributed to making the country an<br />

economic powerhouse.<br />

<strong>Korea</strong> is home to seven of the<br />

world’s top 10 shipbuilders, with<br />

Hyundai Heavy, Samsung Heavy<br />

Industries Co. and Daewoo Shipbuilding<br />

and Marine Engineering Co., forming<br />

the club of the world’s top three shipbuilders.<br />

The <strong>Korea</strong>n shipbuilding industry<br />

caught the world’s attention yet again<br />

last year by attaining a fifth consecutive<br />

“triple crown.”<br />

They swept the world market in the<br />

three main indicators, namely new order<br />

volume, construction volume and<br />

order backlogs in 2007, setting records<br />

for the fifth straight year since 2003.<br />

The industry takes up about 40<br />

percent of the global market and one<br />

out of every three new vessels in the<br />

world last year was made in <strong>Korea</strong>.<br />

Other noteworthy products<br />

Did you know that half of the world’s<br />

population uses <strong>Korea</strong>n-made nail<br />

clippers?<br />

Founded in 1975, the Three Seven<br />

Corporation of <strong>Korea</strong> makes about 80<br />

million nail clippers per year and exports<br />

them to 92 countries around the<br />

world under its in-house 777 brand,<br />

which is famous for its sophisticated<br />

designs and high quality.<br />

The brand name is registered in<br />

many countries and is synonymous<br />

with nail clipper quality.<br />

The world-famous safes known as<br />

Eagle Safes are made in <strong>Korea</strong> as well.<br />

Sunil Safe, also known as Sun<br />

Safe, exports a variety of safes to 70<br />

countries around the world.<br />

The company made the world’s<br />

first fire-resilient safes. It also made<br />

the world’s first safes with digital<br />

locks.<br />

Not everyone uses tooth sterilizers,<br />

but among those who do, there is a<br />

high chance that they use sterilizers<br />

made by Esencia. The <strong>Korea</strong>n company<br />

takes up more than 40 percent of<br />

the world market in the field.<br />

Paseco, a heating equipment maker,<br />

has maintained the number one<br />

spot in terms of kerosene stoves.<br />

Its Kerona brand sells in 35 countries<br />

including Germany, Iraq and the<br />

United States among others. The<br />

medium-sized company takes up half<br />

of its market.<br />

Neopharm is another medium-sized<br />

company that is making inroads abroad<br />

with its product Atopalm, which is<br />

good for healing skin affected by<br />

eczema. The product has been granted a<br />

patent in China, Japan, the United<br />

States and Taiwan as well as <strong>Korea</strong>. ■<br />

<strong>Korea</strong> makes internationally premier<br />

products such as (from top) heating<br />

equipment, fire-resilient safes and topquality<br />

nail clippers<br />

20 KOREA SEPTEMBER 2008<br />

SEPTEMBER 2008 KOREA 21

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