SEOUL, June 14 (Korea Bizwire) — SK Inc.’s European bio subsidiary Yposkesi has begun the construction of its second drugmaking plant in France to ramp up its manufacturing capacity, the holding firm of South Korea’s No. 3 conglomerate SK Group said Monday. In March, SK acquired a 70 percent stake in Yposkesi, a France-based Contract [...]
SEOUL, May 14 (Korea Bizwire) — ASML Holding N.V., the world’s leading photolithography equipment maker, is building a new plant in South Korea. The Ministry of Trade, Industry and Energy announced Thursday during its briefing on K-semiconductor blueprint that ASML will invest in the country. The company will invest 240 billion won (US$212 million) to [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it has adopted an electric certification system for the trading of plants, which paves the way for a faster customs clearance process. The program will be launched Monday for plants traded with the United States, according to the Ministry of Agriculture, Food and [...]
SEOUL, March 25 (Korea Bizwire) — Samsung Electronics Co. on Thursday denied media reports that the company is pushing to build a network equipment plant in India, saying that nothing has been determined at this point. Foreign media recently reported that Samsung is looking to build the facility in Uttar Pradesh, east of New Delhi, [...]
SEOUL, March 14 (Korea Bizwire) – SK global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid [...]
SEOUL, Feb. 23 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Tuesday it will invest 275.8 billion won (US$248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries. POSCO Chemical said the plant in the southern city of Gwangyang will [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, will build its first overseas hydrogen fuel cell systems plant in China as it seeks to enter the local hydrogen market, industry sources said Tuesday. Hyundai Motor aims to build the hydrogen fuel cell systems plant in Guangzhou within this year as [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean chemicals maker SKC Co. is set to launch the nation’s largest plastic waste pyrolysis oil project. The company recently signed a memorandum of understanding (MOU) with the Ulsan city government to jointly carry out an eco-friendly chemical recycling project that aims to make industrial pyrolysis oil with [...]
VANCOUVER, British Columbia, Nov. 17 (Korea Bizwire) — Today, General Fusion announced a partnership with globally recognized architecture firm AL_A to assist in the design of its Fusion Demonstration Plant (FDP). The FDP is the company’s project to showcase fusion energy’s game-changing potential for mitigating climate change. AL_A is providing the creative leadership to imagine [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korean fuel cell maker Doosan Fuel Cell Co. said Monday that it will invest 72.4 billion won (US$63.4 million) to build a cutting-edge fuel cell plant. Doosan Fuel Cell, a unit of cash-strapped Doosan Group, aims to churn out solid oxide fuel cells (SOFCs), energy conversion devices generating [...]