Investment Archives | Page 2 of 14 | Be Korea-savvy

Archive by category Investment

Hankook Tire to Invest 2.1 tln Won for U.S. Plant Expansion

Hankook Tire to Invest 2.1 tln Won for U.S. Plant Expansion

SEOUL, Aug. 29 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-biggest tiremaker by sales, said Monday it will invest 2.1 trillion won (US$1.5 billion) to expand its existing U.S. tire manufacturing plant by early 2026. Hankook Tire currently produces 5.5 million tires a year for passenger vehicles and light-duty trucks in the [...]

LG-owned ZKW to Invest US$100 mln to Expand Mexican Plant

LG-owned ZKW to Invest US$100 mln to Expand Mexican Plant

SEOUL, July 29 (Korea Bizwire) — Austrian automotive light maker ZKW Group, a subsidiary of South Koran tech giant LG Electronics Inc., said Thursday that it will invest US$102 million to expand its Silao plant in Mexico. The plant has been engaged in manufacturing premium lighting systems since 2016. With this investment, the plant’s floor [...]

POSCO, Krakatau to Invest US$3.5 bln in Capacity Expansion in Indonesia

POSCO, Krakatau to Invest US$3.5 bln in Capacity Expansion in Indonesia

SEOUL, July 28 (Korea Bizwire) — POSCO and Indonesia’s state-run steelmaker Krakatau agreed on Thursday to spend US$3.5 billion over the next five years on building a second furnace in the Southeast Asian country to meeting growing demand. POSCO and Krakatau already run PT.KRAKATAU-POSCO, their joint venture located in the major industrial city of Cilegon [...]

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

S. Korea’s SK Group Chief Unveils Plan to Invest US$22 bln in Meeting with Biden

WASHINGTON/SEOUL, July 27 (Korea Bizwire) — Chey Tae-won, chairman of South Korea’s SK Group, on Tuesday unveiled an ambitious plan to invest an additional US$22 billion in the United States in a rare meeting with U.S. President Joe Biden. Biden welcomed the announcement, calling it one of the most “significant investments” ever seen in the [...]

SK Innovation Invests US$20 mln in U.S. Biofuel Company

SK Innovation Invests US$20 mln in U.S. Biofuel Company

SEOUL, July 13 (Korea Bizwire) – South Korean refiner SK Innovation Co. said Wednesday it has invested US$20 million in a U.S. biofuel company, as it accelerates its push for the shift to green energy businesses. The equity investment in Fulcrum BioEnergy Inc., a California-based producer of low-carbon fuels, represents additional backing by SK, South [...]

SK Geocentric Invests US$55 mln in U.S. Plastic Waste Recycling Company

SK Geocentric Invests US$55 mln in U.S. Plastic Waste Recycling Company

SEOUL, March 15 (Korea Bizwire) — SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, said Tuesday it has acquired a stake worth US$55 million in a U.S. plastic waste recycling startup, in a step to bolster its green business. It acquired the stake in PureCycle Technologies Inc., a Florida-based plastic [...]

S. Korean Companies Announce Plans to Invest $39.4 bln in U.S.

S. Korean Companies Announce Plans to Invest $39.4 bln in U.S.

WASHINGTON/SEOUL, May 21 (Korea Bizwire) — Four major South Korean companies, including Samsung and SK, on Friday announced plans to invest US$39.4 billion in the United States, ahead of President Moon Jae-in’s summit with U.S. President Joe Biden in Washington. During a business roundtable attended by Moon, Samsung Electronics announced plans to invest $17 billion [...]

SK Innovation Invests in China’s EV Battery Swap Station Operator

SK Innovation Invests in China’s EV Battery Swap Station Operator

SEOUL, Jan. 21 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Thursday it has invested in a Chinese battery swap system provider to step up its battery business in the world’s largest market. SK Innovation said it acquired a 13.3 percent stake in Blue Park Smart Energy Technology Co. (BPSE), a [...]

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 [...]