SEOUL, March 22 (Korea Bizwire) — South Korean battery maker SK On Co. on Tuesday welcomed the European Union’s approval on Hungary’s aid to its electric vehicle (EV) battery plant construction in Ivancsa, south of Budapest. “We welcome the EU’s decision,” the company said. “We will do our best to contribute to Europe’s electrification and [...]
SEOUL, Jan. 14 (Korea Bizwire) – Solus Advanced Materials Co., a South Korean battery foil maker, said Friday it has received a 24 million-euro(US$27.5 million) state incentive from Hungary to boost its production line there. The incentive, which was recently approved by the European Commission, will be provided by the Hungarian government in cash over [...]
SEOUL, Dec. 9 (Korea Bizwire) — EcoPro BM Co., a South Korean cathode manufacturer, said Thursday it is spending about 970 billion won (US$826.3 million) over the next four years to build a cathode-producing plant in Hungary, in what would be its first investment overseas. The factory, to be located in the country’s eastern town [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Friday it will invest 1.3 trillion won (US$1.2 billion) in its Hungary subsidiary to expand its electric vehicle battery production in Europe. SK Innovation said its investment in SK Battery Hungary Kft. is aimed at building “a new battery factory [...]
SEOUL, Sept. 7 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars. “We have launched certain processes, such as looking for a candidate site” for the [...]
SEOUL, May 30 (Korea Bizwire) — Hungary awarded 38 South Korean divers and other rescue officials medals of merit for their efforts and service in search operations for Korean and other victims in last year’s boat sinking in Budapest, its embassy in Seoul said Friday. A ceremony was held at the Hungarian Cultural Institute in [...]
GENEVA, May 26 (Korea Bizewire) — Hungary plans to erect a monument in the memory of the 25 South Koreans killed in last year’s deadly boat sinking in Budapest as this week marks the first anniversary of the accident, according to the South Korean Embassy in Hungary on Tuesday. The memorial stone will be set [...]
SEOUL, May 25 (Korea Bizwire) — Doosan Solus Co., a South Korean copper foil maker, has obtained incentives worth about 34 billion won(US$27.4 million) from the Hungarian government over its investment there, its parent Doosan Corp. said Monday. Doosan Solus has been building a copper foil-producing plant in Hungary with a capacity of 10,000 tons, [...]
SEOUL, May 30 (Korea Bizwire) — Seven South Koreans died and 19 others went missing after a tourist boat carrying them capsized in a river in the capital of Hungary late Wednesday (local time), the foreign ministry said. A total of 33 Koreans and two Hungarian crew members were on the sightseeing boat amid heavy [...]
SEOUL, May 30 (Korea Bizwire) — Many South Koreans who previously traveled to Hungary said Thursday a ferry cruise on the Danube River is very popular among tourists visiting its capital Budapest, but they remembered safety measures seemed to be insufficient. They said they don’t remember being offered life jackets or seeing lifeboats during their [...]