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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 [...]

LG Chem Buys Turkish Plant in Poland for EV Output Expansion

LG Chem Buys Turkish Plant in Poland for EV Output Expansion

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 [...]

DuPont to Invest US$28 mln in S. Korea to Build Material Production Line

DuPont to Invest US$28 mln in S. Korea to Build Material Production Line

SEOUL, Jan. 9 (Korea Bizwire) — U.S.-based chemical firm Dupont on Thursday announced its plan to invest US$28 million in South Korea to build a production line for photoresist, which can potentially help Asia’s No. 4 economy reduce its dependence of the key industrial material on Japan amid their trade spat. Under the project, Rohm [...]