Ⅰ. Introduction of insurance industry
Property Insurance
- Long-term insurance(3~15)
· Permanent Insurance
· Savings Insurance!!!
- Car insurance
: Now in declining trend due to Global Crisis
- General insurance
· Fire
· Marine
· Special
Ⅲ. Applying IFRS
The issue about introduction of IFRS
Background Knowledge
Approximately 70.9% of the Earth’s surface is covered by Ocean.
Oceanic evaporation is the source of most rainfall
ocean temperatures
determine climate
and wind patterns that affect life on land
Background Knowledge
Thermohaline Circulation
Marine based Industries
-Shipping, Fisheries, Oil Production
90% of world’s trade is done by ships
40% of
1.Hyundai Heavy Industries
2.Samsung Heavy Industries
3.Daewoo Shipbuilding & Marine engineering
4.Hyundai Mipo Dockyard
5.STX Shipbuilding
6. Hyundai Samho Heavy Industries
7.대한선박
8.강남조선
9.성동조선
10.상해외고어쩌구조선
Supplier
Steel plate as a main material
High dependency on import
Steel plate 30% increase→
OP income 3~7% decrease
marines, Destroyers, Frigates
Samsung Heavy Industries
It was established in August 1974, Its capital is about 1,155 billion won. (2011. June) The number of employees of the company is over 13,476 as of June 2011. Its head office is at Geoje-si, Gyengsangnam-do. It has a shipyard in Geoje, In addition, Samsung Heavy Industries has offices in New York, and London. Its main business sector
1. What is the transportation industry??
1. Concept of transportation
Transport or transportation is the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations. Transport is important since it enables trade between peoples, which in