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Chemical Firms Suspected of Manipulating Fine Dust Emission Data

Chemical Firms Suspected of Manipulating Fine Dust Emission Data

SEOUL, Apr. 17 (Korea Bizwire) — Chemical companies are alleged to have colluded with air pollutant measurement firms to manipulate data on emissions of fine dust, the environment ministry said Wednesday. A total of 235 chemical factories located in the Yeosu industrial complex were found to have plotted with four measurement agencies in rigging data [...]

BASF Expands Production Facilities in S. Korea to Meet Asian Demand

BASF Expands Production Facilities in S. Korea to Meet Asian Demand

SEOUL, Nov. 27 (Korea Bizwire) — BASF, the world’s leading chemicals company, has expanded its production facilities in South Korea to meet growing demand in the domestic and Asian markets, the company said Monday. The German chemicals company has just started operation of a new electronic materials plant in Yeosu, 455 kilometers south of Seoul, [...]

$900 Million Yeosu Investment to Develop Region into Future Tourism Hub

$900 Million Yeosu Investment to Develop Region into Future Tourism Hub

YEOSU, Aug. 11 (Korea Bizwire) – Korea’s leading financial services group, Mirae Asset Group, has formed a consortium with Britain’s Castlepines Corporation, an international equity fund, to invest 1 trillion won ($911 billion) to acquiring Gyeongdo Island, off the coast of Yeosu, and develop it into a next generation tourism hub in Korea.  In this 70-30 investment [...]