SEOUL, Oct. 16 (Korea Bizwire) — The state-run Korea Trade Insurance Corp. said Wednesday that it has granted trade finance of US$1.35 billion to Hyundai Motor Co. for the ongoing construction of an electric vehicle plant in the U.S. state of Georgia. The financial support is aimed at assisting the construction of the EV plant [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea and Georgia were to hold inaugural negotiations for a comprehensive economic partnership on trade and supply chains, Seoul’s trade ministry said Tuesday. The two nations will hold the first round of talks for the Economic Partnership Agreement (EPA) in Tbilisi for three days starting Tuesday (local time), [...]
SEOUL, Feb. 2 (Korea Bizwire) — The U.S. state of Georgia has proclaimed Jan. 31 as Kia Day. Georgia Gov. Brian Kemp on Tuesday (local time) approved the state council resolution for the establishment of Kia Day. The event was attended by Yoon Seung-kyu, president at Kia North America region and Kia U.S. The resolution [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean battery maker SK On Co. is set to open an IT facility in the U.S. state of Georgia later this month, according to Georgia governor’s office Friday, as part of its major investment in the region that includes the establishment of two electric vehicle (EV) battery plants. [...]
SEOUL, Jan. 11 (Korea Bizwire) — Hanwha Solutions Corp. said Wednesday it will invest 3.2 trillion won (US$2.57 billion) to build a production complex for solar panel parts in Georgia, the United States, as the company tries to strengthen its presence in the U.S. The energy unit of Hanwha Group said the investment is meant [...]
SEOUL, Dec. 16 (Korea Bizwire) — The U.S. state of Georgia has declared Nov. 22 as Kimchi Day. A ceremony to Georgia State’s Kimchi Day took place at its capitol on Wednesday (local time), with Georgia Gov. Brian Kemp and Korean-American representatives in attendance. Kimchi Day was first introduced in South Korea in 2020 with the [...]
SEOUL, May 21 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Saturday it will invest US$5.54 billion to build a dedicated electric vehicle and car battery manufacturing plant in the United States to further solidify its electrification push in the world’s most important automobile market. The announcement comes as U.S. President Joe Biden is [...]
ATLANTA, Oct. 28 (Korea Bizwire) — The U.S. state of Georgia on Thursday welcomed SKC Co.’s decision to build a glass-based substrate plant there, saying it would help create jobs. Hailing SKC’s decision as an unprecedented big project, Georgia Gov. Brian P. Kemp tweeted that it would help create more jobs and shows the state is [...]
SEOUL, March 13 (Korea Bizwire) — Georgia Gov. Brian Kemp has asked U.S. President Joe Biden to overturn a U.S. trade panel’s decision against SK Innovation Co. in a trade secret case over electric vehicle (EV) batteries. Kemp repeated his request to save thousands of jobs in northeast Georgia directly tied to an SK Innovation’s [...]
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 [...]