Ingolstadt/Paris, May 28 (Korea Bizwire) - Capgemini and Audi today announced the launch of their joint venture – XL2. Following regulatory approvals, the company was founded at the end of April. It will provide digital technology and consulting services, namely in the fields of SAP S/4HANA® and cloud services primarily for Audi and the entire Volkswagen Group. XL2 combines an agile start-up [...]
SEOUL, March 29 (Korea Bizwire) — SK Gas, a key energy affiliate of energy and telecom conglomerate SK Group, said Sunday that it has reached a deal with Saudi’s Advanced Petrochemical Co. (APC) to set up a joint venture to build a US$1.8 billion plant in the kingdom. SK Gas Petrochemical, SK’s special purpose company, [...]
SEOUL, March 8 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, said Sunday it will establish a joint venture with major telecommunication firms from Singapore and Thailand to better develop gaming and esports services for the Southeast Asian market. SK Telecom said it has joined hands with Singapore Telecommunications Ltd. (Singtel) and [...]
SEOUL, Dec. 21 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Saturday it plans to set up a joint venture to build engines with Saudi Aramco in March next year in the latest move to strengthen their cooperation. The JV will break ground for the plant in the King Salman International Complex for [...]
SEOUL, Dec. 6 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world’s most important automobile market amid a global push for zero emissions. LG Chem and GM said they will invest [...]
SEOUL, Dec. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it will invest US$916 million in its U.S. affiliate for a plan to set up an electric vehicle (EV) battery manufacturing joint venture with General Motors in the United States. Earlier in the day, Reuters reported that the two [...]
SEOUL, Nov. 29 (Korea Bizwire) — SK Energy, South Korea’s leading oil refinery and gas station operator, said Friday it has invested 76 billion won (US$64 million) in a joint venture (JV) with a Chinese company to tap into the neighboring country’s asphalt market. SK Energy and Zhejiang Baoying Group set up a 49:51 joint [...]
SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Thursday it has set up two joint ventures (JVs) in China to advance into the local secondhand car and shipping markets. Hyundai Glovis and Beijing Changjiu Logistics Co. have formed two separate joint ventures — Beijing Changjiu Glovis [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday that its joint venture (JV) with Swiss hydrogen company H2 Energy AG has been officially launched as it looks to expand its presence in Europe’s environment-friendly commercial car market. A ribbon-cutting ceremony for Hyundai Hydrogen Mobility (HMM) was held in [...]
SEOUL, Sept. 25 (Korea Bizwire) — SK Engineering & Construction Co., a South Korean construction company, said Wednesday it will set up a joint venture with U.S.-based Bloom Energy for the production of solid oxide fuel cell (SOFC). The 49:51 joint company, to be set up in November, will provide Korean-made fuel cells to local [...]