SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]
CHICAGO, Nov. 18 (Korea Bizwire) — Animal protein producers in northern China have further support available to help them improve animal health and production economics with Xin WU joining the Amlan International team as Technical Sales Manager (North). Xin has joined Amlan Trading (Shenzhen) Company Ltd., which is a subsidiary of Amlan International that began [...]
MALMÖ, Sweden, Nov. 18 (Korea Bizwire) — Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced the opening of its first production facility in Ma’anshan, China, just a few months after opening its first Asian factory in Singapore in July. The new production facility is [...]
SEOUL, Nov. 18 (Korea Bizwire) — SK hynix Inc., a major South Korean memory chip maker, said Thursday that it will flexibly operate its Chinese plant as its plan to overhaul the facility could be jeopardized amid the escalating tech tussle between the United States and China. “We have nothing to say on the matter. [...]
SEOUL, Nov. 12 (Korea Bizwire) — Many serving robot businesses have been found to import Chinese-made serving robots and misrepresent them as being their own product. Industry insiders reported that more than 70 percent of all serving robots in South Korea are Chinese-made. Among local manufacturers, LG Electronics Inc., Hyundai Robotics Co. and Robotis have [...]
SEOUL, Nov. 10 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korean steel giant POSCO, said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business. The decision, reached at a board meeting earlier in [...]
SEOUL, Nov. 10 (Korea Bizwire) — China has confirmed it will go ahead with inspection processes on 18,700 tons of urea used in automobiles before exporting it to South Korea, Seoul’s foreign ministry said Wednesday, a move expected to ease the supply crunch of the diesel exhaust fluid over the coming weeks. Beijing has notified [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK On, the new battery spinoff of SK Innovation Co., said it is investing US$2.53 billion to build a new production line for electric vehicle batteries in China, industry sources said Thursday. SK On recently signed a contract with Yancheng city in China’s northeastern Jiangsu Province to build its [...]
SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
HONG KONG SAR, Oct. 28 (Korea Bizwire) – Since its humble beginnings in the wake of the economic reforms and opening up enacted by the late Chinese leader Deng Xiaoping more than three decades ago, family businesses have grown to become the back bone of China’s economic growth. In China, family firms contributed to about 60 percent [...]