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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. is said to be in the process of pushing for the establishment of a facility that would build electric car batteries in the U.S. According to industry sources, SK Innovation has been considering a few locations in the U.S. deemed suitable for the plant, but the [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Group is said to be moving forward with the sale of SK Shipping Co., a subsidiary of the South Korean conglomerate. According to industry sources, SK Group is currently negotiating with private equity fund Hahn & Company regarding the sale of SK Shipping. Hahn & Company is said [...]
SEOUL, Sept. 20 (Korea Bizwire) — A South Korean steel product has been exempted from U.S. tariffs for the first time since Washington imposed an import quota on South Korean steel months ago, industry sources said Thursday. The U.S. Commerce Department on Monday accepted a request from American medical equipment maker Micro Stamping to exclude [...]
SEOUL, Sept. 14 (Korea Bizwire) — The speed of WiFi offered in smart cities and smart factories across South Korea is about to get even faster. The Ministry of Science and ICT announced yesterday that it was reestablishing its criteria regarding new technologies following the Presidential Committee on The Fourth Industrial Revolution’s recent strategy to [...]
CHANGWON, Sept. 14 (Korea Bizwire) — A man in his 40s who secretly transferred to China the floor plans of a facility that helps reduce air pollution owned by a Korean company has been arrested. The Gyeongnam Provincial Police Agency’s international crime investigation division said yesterday that it had arrested a 42-year-old man who was [...]
SEOUL, Sept. 13 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Thursday it will showcase its military vehicles for possible export opportunities during a local defense industry exhibition. At the five-day DX Korea 2018 exhibition being held in Ilsan, just northwest of Seoul, Kia has put on display an [...]