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Samsung to Invest 133 tln Won by 2030 to Expand Non-memory, Foundry Biz

Samsung to Invest 133 tln Won by 2030 to Expand Non-memory, Foundry Biz

SEOUL, Apr. 24 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will invest 133 trillion won (US$115.7 billion) by 2030 to expand its non-memory and foundry business to take the top spot in the high-tech and lucrative sector. The world’s largest memory chip maker announced measures to develop the semiconductor ecosystem with increased investment [...]

Seoul to Spend More on Struggling Shipyards

Seoul to Spend More on Struggling Shipyards

SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it would spend 70 billion won (US$61 million) to support local shipbuilders’ efforts to recover from an industrywide slump. The Ministry of Trade, Industry and Energy said the newly earmarked spending will center on helping local shipyards tap deeper into the market for [...]

S. Korea Seeks to Expand Presence in Foundry, Non-memory Biz

S. Korea Seeks to Expand Presence in Foundry, Non-memory Biz

SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s major chipmakers are stepping up efforts to expand their presence in the foundry and non-memory businesses to diversify portfolios that heavily rely on memory chips in search of new growth engines, industry officials said Monday. Samsung Electronics Co. and SK hynix Inc. hold over 60 percent of [...]

Taihan Electric Wire Announces New ‘Light Line’ for Underground Fires

Taihan Electric Wire Announces New ‘Light Line’ for Underground Fires

SEOUL, Apr. 19 (Korea Bizwire) — Taihan Electric Wire Co., a South Korean electric wire manufacturer, announced on Thursday that it will launch an “RF Light Line” that secures escape routes for firefighters and provides a stable communication environment. Taihan’s Light Line is a type of light-emitting cable that is mandatory fire-fighting equipment and can [...]

Jaguar Land Rover to Use S. Korean Battery Parts in its EVs

Jaguar Land Rover to Use S. Korean Battery Parts in its EVs

CHEONAN, Apr. 16 (Korea Bizwire) — Korean-made lightweight battery housing parts will be used in Jaguar Land Rover’s electric cars. The Korea Institute of Industrial Technology (KIIT) said it has made us of friction stir welding to successfully manufacture battery housings for electric vehicles. A battery housing is a box-shaped part that covers the battery [...]

Samsung Aims for Chip Foundry Market with Latest Fab Technology

Samsung Aims for Chip Foundry Market with Latest Fab Technology

SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that it has completed the development of its latest fabrication process technology, bolstering its bid to expand its presence in the global foundry market. Samsung, the world’s largest memory chip maker, said the development of its 5-nanometer (nm) FinFET process technology is complete and [...]

POSCO to Reorganize LNG Processing Operations to Enhance Efficiency

POSCO to Reorganize LNG Processing Operations to Enhance Efficiency

SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Monday that it will reorganize its liquefied natural gas (LNG) operations as part of its efforts to enhance its business efficiency. The company said in a regulatory filing that its board of directors last week approved the transfer of its LNG terminal in [...]

Civic Groups File Complaint Against POSCO’s Alleged Air Pollutants

Civic Groups File Complaint Against POSCO’s Alleged Air Pollutants

SEOUL, Apr. 8 (Korea Bizwire) — Domestic civic groups filed a joint complaint against POSCO with prosecutors on Monday, accusing the world’s fifth-largest steelmaker of releasing air pollutants. The civic groups, led by the Korean Federation for Environmental Movement and its regional chapter in Pohang, where POSCO’s headquarters are located, argued in the complaint that [...]