SEOUL, Dec. 5 (Korea Bizwire) — CJ Foodville Corp., the operator of Tous les Jours bakery chain, confirmed Monday it is planning to build a bread factory in the United States as part of its expansion strategy. CJ Foodville is expected to break ground next year, though the exact location or the size of the [...]
SEOUL, July 19 (Korea Bizwire) — SK hynix Inc. suspended a factory expansion plan as global economic uncertainty is growing with red-hot inflation squeezing consumers’ buying power for electronic devices, sources said Tuesday. The world’s second-largest memory chip maker decided to hold off a capacity addition plan at its Cheongju campus during a board meeting [...]
SEOUL, July 13 (Korea Bizwire) — LG Electronics Inc. said Tuesday its TV factory in South Africa has burned down as rioters turned violent there. LG said its TV manufacturing and distribution facilities in Durban, eastern South Africa, were plundered Monday (local time) by protestors who are against the imprisonment of former President Jacob Zuma. [...]
SEOUL, March 22 (Korea Bizwire) — SKC Inc., the chemical unit of South Korean conglomerate SK Group, said Monday it will spend 700 billion won (US$620 million) to build its first overseas manufacturing factory for copper foil, one of key materials for electric vehicle batteries, in Malaysia. SKC and its copper foil making unit, SK [...]
SEOUL, March 6 (Korea Bizwire) — Samsung Electronics Co. said Friday it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there. Samsung shut down the factory in the southeastern city of Gumi after a worker tested positive for the new coronavirus. Samsung [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s factory utilization rate has fallen to the lowest level since the Asian financial crisis fueling concerns that the economy is showing signs of slowing down, observers said Sunday. Data by Statistics Korea showed the average capacity utilization ratio of factories standing at 72.8 percent in the January-September [...]
SEOUL, Jul. 13 (Korea Bizwire) — SK Telecom revealed yesterday that it had developed two systems for Hyundai Motor’s Ulsan factory, allowing the facility to be more efficient with its energy consumption. One is a combined heat and power system and the other, a factor energy management solution. The combined heat and power system will [...]
ULSAN, Jun. 27 (Korea Bizwire) — A family of Indian spot-billed ducks that appeared at Hyundai Motor’s Ulsan factory was handed over to a wildlife rescue center after being taken care of by company employees. According to Hyundai employees, a mother duck and her nine ducklings appeared near the main factory building around the middle [...]
HANOI, May 18 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group expects sales of Samsung Electronics Co. and three other units in Vietnam to spike more than 30 percent on-year in 2017 on its strong smartphone business, sources said Wednesday. Samsung Electronics, Samsung Display Co., Samsung Electro-Mechanics Co. and Samsung SDI Co. are targeting [...]
SEOUL, March 9 (Korea Bizwire) – Samsung Electronics Co. has been considering building a new plant in the United States in line with its “mid to long-term base strategy,” a senior executive said Thursday. Seo Byung-sam, vice president of Samsung’s home appliance unit, made the remarks at a meeting with reporters in Seoul, after the [...]