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Hyundai Motor Invests in U.S. Neuroscience Startup

Hyundai Motor Invests in U.S. Neuroscience Startup

SEOUL, Oct. 10 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Wednesday it has invested in a U.S. neuroscience startup in a move to develop automated vehicles. The strategic investment in Perceptive Automata aims to allow Hyundai Motor to secure artificial intelligence-related technologies which could be utilized in the fields [...]

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

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 [...]

SK hynix Launches New NAND Flash Production Line

SK hynix Launches New NAND Flash Production Line

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 to Enact Measure to Prevent Children from Being Left Alone Aboard School Buses

Seoul to Enact Measure to Prevent Children from Being Left Alone Aboard School Buses

SEOUL, Aug. 27 (Korea Bizwire) – The Seoul metropolitan government said Monday it will introduce a new safety rule this month to prevent children from dying or suffering injuries after being left alone aboard school buses. The “sleeping child check” system, to be mounted on 53 buses of the city’s public elementary schools, forces the [...]

SK Innovation to Invest in 820 bln Won Battery Plant in China

SK Innovation to Invest in 820 bln Won Battery Plant in China

SEOUL, Aug. 24 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Friday it will invest in a 820 billion won (US$730 million) battery plant in China, a move aimed at meeting growing demand for car batteries. In a joint venture with BAIC Motor Corporation., Ltd. and Beijing Electronics Holding Co., [...]

Samsung Announces Massive Domestic Investment and New Hires

Samsung Announces Massive Domestic Investment and New Hires

SEOUL, Aug. 9 (Korea Bizwire) — Lee Jae-yong, Vice Chairman of Samsung Electronics, attended only two public functions in the six months following his release from prison when his sentence was suspended on appeal in February. Lee’s reason for keeping a low profile is said to be due to his urge to focus on discovering [...]

SK hynix to Build New Plant in Icheon with 3.5 tln Won

SK hynix to Build New Plant in Icheon with 3.5 tln Won

SEOUL, Jul. 27 (Korea Bizwire) — SK hynix Inc. said Friday it will build a new semiconductor fabrication (FAB) plant at its headquarters in Icheon, southeast of Seoul, seeking to cope with the rising demand for memory chips around the globe. South Korea’s No. 2 chipmaker said the construction will begin later this year, which [...]