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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