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Kolon gets retrial in dispute with DuPont

SEOUL/WASHINGTON, April 4 (Yonhap) -- South Korea's Kolon Industries Inc. on Friday welcomed a U.S. court ruling for a retrial of a US$920 million case with DuPont Co. over an alleged trade secret theft. "It is a meaningful ruling that accepts our argument that evidence and testimonies in favor of Kolon were wrongfully ruled out in the first trial," a company official said. "We hope for an objective and fair outcome in the retrial."

Hyosung-carbon fiber

SEOUL, March 27 (Yonhap) -- Hyosung Corp., a South Korean maker of textiles and heavy machinery, said Wednesday that it will start commercial operation of its carbon fiber plant in the southwestern part of the country next month. The plant in Jeonju, 243 kilometers of Seoul will produce 2,000 tons of carbon fiber annually starting in mid-April, Hyosung said. Carbon fiber used for auto parts and wind turbine blades is forecast to replace steel because it is 10 times stronger than steel, but weighs less than one-fourth the weight.
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