SEOUL, March 26 (Korea Bizwire) – South Korean companies that embarked on domestic production of hydrogen fluoride after Japan’s export restriction last year have recorded satisfactory performance. It is seen as an exemplary case where companies, both large and small, and the government joined hands to turn the crisis into opportunity. Soulbrain Co., a South [...]
SEOUL, March 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has shuttered its electric vehicle battery plant in the United States due to the novel coronavirus pandemic. Samsung SDI Co., a South Korean manufacturer of electric vehicle and smartphone batteries, also said it has closed its battery pack [...]
SEOUL, March 20 (Korea Bizwire) — Samsung Electronics Co. is expected to hire a record number of experienced workers for its chip business in the first half of this year, industry insiders said Friday, despite the novel coronavirus pandemic. The South Korean tech giant said its device solutions (DS) division will hire experienced workers in [...]
SEOUL, March 19 (Korea Bizwire) – South Korean companies operating in Europe are on high alert after the European Union (EU) imposed a 30-day entry ban on travelers outside the bloc to stem the spread of the novel coronavirus, industry sources said Thursday. The European Union (EU)has decided to shut its borders and enforce travel [...]
SEOUL, March 11 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s largest power equipment maker, said Wednesday it is considering asking idle workers to take paid leave as part of efforts to cut costs amid dwindling orders. Doosan Heavy said idle workers can receive 70 percent of their basic monthly wage for [...]
SEOUL, March 10 (Korea Bizwire) — South Korea is expected to be the second-biggest spender on semiconductor manufacturing equipment this year, industry data showed Tuesday, as the global chip industry is likely to make a recovery despite the novel coronavirus outbreak. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix [...]
SEOUL, March 10 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its researchers have developed an advanced battery technology that can boost performance of electric vehicles (EVs). Samsung’s study on new all-solid-state battery technology was presented to Nature Energy, one of the world’s leading scientific journals, the South Korean tech giant said. Compared with lithium-ion [...]
SEOUL, March 6 (Korea Bizwire) — Samsung Electronics Co. said Friday it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there. Samsung shut down the factory in the southeastern city of Gumi after a worker tested positive for the new coronavirus. Samsung [...]
SEOUL, March 3 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals company, said Tuesday it has acquired a Turkish television assembly factory in Poland for US$31.4 million to expand its plant for electric vehicle (EV) batteries. LG Chem signed the deal with Turkish electronics and appliance maker Vestel last month, a company official [...]
SEOUL, March 3 (Korea Bizwire) — Despite a solid recovery a month ago, uncertainty is mounting over South Korea’s semiconductor exports in March due to the global spread of the new coronavirus. The deadly coronavirus outbreak is spreading rapidly in South Korea, Japan, Iran and Europe, dampening both business and consumer sentiment as well as [...]