SEOUL, Sept. 10 (Korea Bizwire) — Orion Corp., a major South Korean confectionery company, said Thursday it will build a new factory in Russia to meet growing demand for its products in the Russian and Central Asian markets. The new production facility will be built in the Tver Region in western Russia at a cost [...]
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, Aug. 26 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 36 billion won (US$30 million) in expanding its output capacity of electric vehicle components. Hyundai Mobis has already invested more than 300 billion won in EV parts plants in the central city of Chungju — [...]
ULSAN, July 14 (Korea Bizwire) — As part of efforts to tighten discipline at its production lines, Hyundai Motor Co. dismissed a worker who frequently left work early without providing appropriate notice. South Korea’s biggest carmaker by sales announced on Sunday that a production worker at the company’s Ulsan plant had been fired for having [...]
SEOUL, April 28 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Tuesday that it will invest US$727 million in building its second electric vehicle (EV) battery plant in the United States. The investment in SK Battery America, which is wholly owned by SK Innovation, is meant to further boost [...]
SEOUL, April 28 (Korea Bizwire) — Chemical-focused conglomerate Hyosung Group said Tuesday it has signed an initial agreement with Linde, a German chemical firm, on a 300 billion-won (US$245 million) project to build the world’s largest liquid hydrogen plant in South Korea. The two sides plan to set up a joint venture within this year [...]
SEOUL, April 20 (Korea Bizwire) — Samsung Electronics Co. is in talks with the Chinese government over sending semiconductor engineers to the company’s Chinese plants. Since the outbreak of the new coronavirus infection, COVID-19, China has not allowed foreigners to enter the country except in special cases. The world’s largest memory chip maker and the [...]
SEOUL, Feb. 28 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Friday it has halted operations at one of its domestic plants after an employee there was diagnosed with the new coronavirus. Hyundai Motor immediately brought work at the No. 2 plant in the southeastern port city of Ulsan to [...]
SEOUL, Jan. 16 (Korea Bizwire) — Major South Korean biosimilar manufacturer Celltrion Inc. plans to build a plant in China in a move to directly advance into the world’s second-largest biopharmaceutical market, its chief said. “We are in the final stage of signing a contract with the Chinese government. We will soon announce details of [...]
SEOUL, Jan. 10 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Friday it will invest 1 trillion won (US$860 million) to build its second car battery plant in the United States. SK Innovation has already invested 1.9 trillion won to build a car battery plant with a capacity of [...]