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SK Innovation to Invest Another US$940 mln in Georgia

SK Innovation to Invest Another US$940 mln in Georgia

SEOUL, June 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will invest another US$940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said. Georgia Gov. Brian P. Kemp said the new project is in addition to SK Innovation’s $1.67 billion [...]

Hyundai Mobis to Invest 1 tln Won in R&D Projects This Year

Hyundai Mobis to Invest 1 tln Won in R&D Projects This Year

SEOUL, May 27 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 1 trillion won (US$812 million) in research and development projects this year. In its 2020 sustainability report, Hyundai Mobis said it will invest in 2,000 R&D projects involving next-generation vehicles and expand its R&D workforce [...]

Q1 Earnings Outlook Cut for Most Listed Firms on Virus

Q1 Earnings Outlook Cut for Most Listed Firms on Virus

SEOUL, March 26 (Korea Bizwire) — South Korean brokerage houses have trimmed their first-quarter earnings outlook for more than 80 percent of major listed firms on the coronavirus outbreak, a market tracker said Thursday. According to FnGuide, operating income forecasts for the January-March period have been downgraded for 84.4 percent of the 65 listed companies [...]