SEOUL/ULSAN, Nov. 26 (Korea Bizwire) — South Korean carmaker Hyundai Motor Co. said Tuesday it will build a US$1.55-billion plant in Indonesia by 2021 to tap deeper in the Southeast Asian markets dominated by Japanese rivals. The investment decision comes as Hyundai Motor is working to explore new markets and secure a new growth driver [...]
MUAN, Sept. 26 (Korea Bizwire) — A South Korean research team has discovered a new method for the complete eradication of kudzu vines, an invasive species that is known to devastate local forests and plants. The Jeonnam Forest Resource Research Institute announced on Wednesday that it has discovered a method to locate and remove the [...]
SEOUL, Jul. 9 (Korea Bizwire) — LG Display Co. said Tuesday that operations at its OLED factory in China will be put into full swing next month to ramp up its production capacity of premium panels in the key market. LG Display has invested about 5 trillion won (US$4.2 billion) to build the Guangzhou factory [...]
SEOUL, Jun. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it will shut down one of its three plants in China this month due to a slump in sales in the world’s top auto market. The assembly line in Yancheng, Jiangsu Province, will be used by Kia’s local [...]
SEOUL, Mar. 20 (Korea Bizwire) — SK Innovation Co. said Wednesday it has broken ground for an electric vehicle (EV) battery plant in the United States. South Korea’s top energy-chemical business group said in November it will invest 1.14 trillion won (US$1.01 billion) to build the 9.8 gigawatt-hour capacity battery plant in the city of [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Innovation Co. is said to be in the process of pushing for the establishment of a facility that would build electric car batteries in the U.S. According to industry sources, SK Innovation has been considering a few locations in the U.S. deemed suitable for the plant, but the [...]
HUDSON, N.H., Jun. 27 (Korea Bizwire) — GTAT Corporation (GTAT) opened its new state-of-the-art silicon carbide manufacturing plant with a ribbon-cutting ceremony on Tuesday, June 26, 2018 that included state and local officials who were on hand to commemorate the event. The facility, located in Hudson, New Hampshire, also includes the company’s new corporate headquarters [...]
SEJONG, Nov. 16 (Korea Bizwire) – A groundbreaking ceremony for the National Central Arboretum in Sejong, South Korea’s de facto administrative capital, was held on Wednesday. The 649,000-square-meter garden will comprise of three major sections: a community and participation zone, for various culture, art, and recreational activities; an exhibition zone, for the display and observation [...]
SEOUL, April 7 (Korea Bizwire) – Kia Motors Corp., South Korea’s second-ranked carmaker, is expected to start operations at its plant in Mexico as planned amid reports that negotiations over the local government’s promised incentives seem to be making some headway, industry watchers said Thursday. Media reports have raised speculation that the May launch of the plant [...]
SEOUL, March 31 (Korea Bizwire) – Hyundai Rotem Co., a train making unit of Hyundai Motor Group, said Thursday that it has completed the construction of a plant in Brazil that will serve as its main foothold to advance into the Latin American market. The plant on 150,000 square meters of land in Sao Paulo has [...]