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Samsung Electronics Launches New Brands for Automobile Chips

Samsung Electronics Launches New Brands for Automobile Chips

SEOUL, Oct. 16 (Korea Bizwire) — Samsung Electronics Co. on Tuesday launched a new brand of chips designed specifically for automobiles, reflecting its strategy of penetrating deeper into the industry. The world’s top chipmaker introduced the Exynos Auto brand, which will be used in processors customized for cars. The company also unveiled its ISOCELL Auto [...]

Fall of Ulsan’s Shipbuilding Industry Leads to Pressure on Local Tax Coffers

Fall of Ulsan’s Shipbuilding Industry Leads to Pressure on Local Tax Coffers

SEOUL, Oct. 12 (Korea Bizwire) — Due to the fall of the shipbuilding industry in Ulsan, tax collected in the city’s Dong-gu district has declined sharply, causing setbacks to various government projects. In addition, government officials may not be receiving overtime fees and other benefits that were paid in the past. According to the Dong-gu [...]

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SEOUL, Oct. 7 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Sunday that it will invest 400 billion won (US$353.8 million) to build a lithium-Ion battery separator plant in China. The company said it plans to break ground early next year for the plant that will make lithium-ion battery separator [...]

SK Chairman Lauds SK hynix Performance

SK Chairman Lauds SK hynix Performance

SEOUL, Oct. 5 (Korea Bizwire) — Chey Tae-won, chairman of SK Group, showed special attachment to SK hynix Inc. as the company held a completion ceremony for the M15 production line at the SK hynix factory in Cheongju, North Chungcheong Province. Chey bought Hynix Semiconductors Inc. for 3.4 trillion won six years ago, changing the [...]

SK hynix Launches New NAND Flash Production Line

SK hynix Launches New NAND Flash Production Line

CHEONGJU, Oct. 4 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. on Thursday launched a new production line for NAND flash products under an estimated 20 trillion won (US$17.7 billion) project. The company said the new M15 line in Cheongju, located 140 kilometers south of Seoul, covers 60,000 square meters and will [...]

President Moon Hails SK hynix’s New Plan

President Moon Hails SK hynix’s New Plan

SEOUL, Oct. 4 (Korea Bizwire) – President Moon Jae-in on Thursday attended a ceremony marking the construction of new assembly lines of SK hynix, the world’s third-largest chipmaker, underscoring his policies for job creation and innovation-powered growth. “The government and I will not hold back our support for companies that invest, make jobs and contribute to the [...]