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 [...]
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, Sept. 11 (Korea Bizwire) — Hyundai CRADLE, the venture capital arm of Hyundai Motor Co., has made a strategic investment in Migo, a mobile app for on-demand rides, the South Korean carmaker said Tuesday, the latest in a series of moves to boost its presence in the growing global mobility market. Migo — launched [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s top mobile messenger operator Kakao Corp. said Tuesday that it will expand investment in an artificial intelligence (AI) sector in line with the company’s effort to find a new growth engine. “Kakao adopted AI to spearhead long term and stable growth in various services,” Kim Byung-han, an [...]
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 [...]
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., [...]
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 [...]
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 [...]
SEOUL, Jul. 20 (Korea Bizwire) — General Motors Co. will invest US$50 million (57 billion won) to expand its main plant in South Korea as it strives to put its loss-making Korean unit back on track, GM Korea Co. said Friday. GM, which owns a 77 percent stake in GM Korea, will make the investment [...]
SEOUL, Jul. 10 (Korea Bizwire) — Last year, schools in Gyeonggi Province had an average of seven days when outdoor gym classes were cancelled and replaced with indoor activities due to poor air quality. As students have less frequent access to outdoor activities due to external factors, they may not end up getting all the [...]