domestic plant Archives | Be Korea-savvy

SK On to Spend 1.5 tln Won to Expand Battery Plant in S. Korea

SEOUL, Aug. 16 (Korea Bizwire) — SK On Co. said Wednesday it is spending 1.5 trillion won (US$1.12 billion) to add a new manufacturing facility in South Korea in its biggest domestic investment as it pushes for an expansion. The envisioned third factory will be established on an area of 44,125 square meters in an [...]

Hyundai Motor, Labor Union Reach Tentative Wage Deal

SEOUL, July 12 (Korea Bizwire) — Management and unionized workers of South Korea’s top automaker Hyundai Motor Co. reached a tentative wage deal on Tuesday, averting a labor strike for the fourth consecutive year. The two sides agreed to a 98,000 won (US$74.80) increase in basic monthly pay, the construction of a new electric vehicle [...]