SEOUL, May 26 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, said Thursday it will invest 247 trillion won (US$194.9 billion) over the next five years to shore up its chip, EV battery and bio businesses. The energy-to-telecom business group unveiled the blueprint through 2026, pledging to spend 179 trillion won of [...]
SEOUL, May 24 (Korea Bizwire) — South Korean energy-to-defense conglomerate Hanwha Group said Tuesday it will invest 37.6 trillion won (US$29.6 billion) over the next five years in a move to strengthen its future growth engines. As part of the plan, Hanwha set aside 20 trillion won to boost its competitiveness in a range of [...]
SEOUL, May 24 (Korea Bizwire) — South Korean retail giant Lotte Group said Tuesday it will invest 37 trillion won (US$29.2 billion) over the next five years to expand its businesses to bio and mobility, and further bolster its key chemicals and retail sectors. Lotte plans to spend 41 percent of the earmarked investment in [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Tuesday it will invest 63 trillion won (US$49.8 billion) in its domestic businesses by 2025 in the latest move to become a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. –will make [...]
SEOUL, May 24 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will invest 450 trillion won (US$355 billion) in semiconductor and biopharmaceuticals for the next five years, as South Korea’s largest company seeks to further expand its business in future growth areas. The company said in a press release it will spend 360 trillion [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s battery makers are aggressively expanding on research and development and facility investments despite a cost burden arising from a surge in the prices of raw materials. According to LG Energy Solution Ltd. (LGES)’s quarterly report, its cathode material purchase price averaged US$34 per kilogram in the first [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Sunday it will invest an additional US$5 billion in the United States for robotics and autonomous driving software development, just a day after announcing a similar size investment to build an electric vehicle plant in the U.S. Hyundai Motor Group Chairman Euisun Chung [...]
SEOUL, May 20 (Korea Bizwire) — Scanline VFX, a subsidiary of Netflix, will invest US$100 million in South Korea over the next six years to build special visual effects facilities in a move that will help turn the country into an Asian hub for high-tech content creation, Seoul’s industry ministry said Friday. Stephan Trojansky, the [...]
SEOUL, May 19 (Korea Bizwire) — Lotte Chemical Corp. said Thursday it will spend a total of 10 trillion won (US$7.85 billion) by 2030 to boost its hydrogen and battery businesses as it ramps up the push for a green energy transition. The announcement follows a broader plan unveiled in March, in which it rolled [...]
Ecotone, a pioneer in organic and plant-based alternatives in France and Europe, has announced a €20 million investment in its plant-based beverage production site located in Badia Polesine, Northern Italy. The major investment has enabled the creation of a new production line, now in operation, making the factory one of the largest plant-based drinks producers in Europe. A plant-based beverage factory 4.0 Lyon, May 18 (Korea Bizwire) — Ecotone’s [...]