3rd India plant
Scope
Date
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Automobiles
Hyundai Motor’s IONIQ 6 shows off 3rd-longest driving range in US
The IONIQ 6, the first fully electric sedan by Hyundai Motor Co., has been named one of the top three distance champions in the US based on tests by...
Jul 02, 2023 (Gmt+09:00)
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Retail
S.Korea’s mattress maker Zinus launches premium product line
South Korean furniture and mattress maker Zinus Inc., an affiliate of Hyundai Department Store Group, has started a premium mattress line.The compan...
Jun 30, 2023 (Gmt+09:00)
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Petrochemicals
Hanwha TotalEnergies completes building POE pilot plant
Hanwha TotalEnergies Petrochemical Co., a South Korean joint venture between Hanwha Group and TotalEnergies, announced on Thursday that it has compl...
Jun 29, 2023 (Gmt+09:00)
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Energy
Doosan inks $214 mn deal for Korea combined cycle power plant
Major South Korean power plant builder Doosan Enerbility Co. won a 280 billion won ($214.5 million) deal to supply key components such as a gas tu...
Jun 28, 2023 (Gmt+09:00)
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Logistics
HMM opens Indian-Mediterranean container route
South Korea’s HMM Co. has opened a container route to India and the Mediterranean. In addition to serving the US and Europe, the conta...
Jun 28, 2023 (Gmt+09:00)
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Energy
Korea’s KHNP wins project for tritium removal plant in Romania
State-backed Korea Hydro & Nuclear Power Co. (KHNP) has won a €200 million order to build a tritium removal facility (TRF) at a nuclear pow...
Jun 27, 2023 (Gmt+09:00)
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Petrochemicals
Hyundai Engineering's petrochemical plant in Poland starts pilot output
South Korea’s Hyundai Engineering has started pilot small-scale output ahead of mass production at its petrochemical plant in Poland. ...
Jun 27, 2023 (Gmt+09:00)
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Electronics
LG Innotek to spend $1 bn to double Vietnam output capacity
South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, is set to invest $1 billion in Vietnam to more than double its...
Jun 26, 2023 (Gmt+09:00)
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Energy
Vestas to relocate Asia-Pacific HQ to Seoul in September
Denmark-based Vestas, the world's top wind turbine manufacturer, is set to move its Asia-Pacific regional headquarters from Singapore to South Korea...
Jun 26, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE breaks ground on marine engine plant in Saudi Arabia
HD Korea Shipbuilding & Offshore Engineering (KSOE) said on Sunday its joint venture Makeen has broken ground on a marine engine plant in Saudi ...
Jun 25, 2023 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco opens 2nd biomanufacturing plant in France
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), has secured a second plant ...
Jun 23, 2023 (Gmt+09:00)
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Fashion
Nike to open its 3rd Jordan World of Flight store in Seoul
Nike Inc. is set to open its Jordan World of Flight in Seoul, a store dedicated to Jordan brand streetwear and sports shoes, on Wednesday. It will b...
Jun 22, 2023 (Gmt+09:00)
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Regulations
3rd-gen. corporate succession in S.Korea slashes stake from 100% to 16%
South Korea's business sector is urging reform of the domestic inheritance tax system to alleviate problems in corporate succession, citing difficul...
Jun 22, 2023 (Gmt+09:00)
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Electric vehicles
Renault to build new EV plant at its Korean base in Busan
BUSAN – French automaker Renault S.A. will build a new electric vehicle manufacturing plant in South Korea to meet growing demand for eco-frie...
Jun 21, 2023 (Gmt+09:00)
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Batteries
POSCO, CNGR to build $1.2 bn battery materials plants in Korea
South Korea’s steel giant POSCO Group and China’s CNGR Advanced Material Co. have agreed to spend 1.5 trillion won ($1.2 billion) on sec...
Jun 21, 2023 (Gmt+09:00)
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Batteries
Battery materials firms revive Korean cities with new plants
As South Korean battery materials companies such as LG Chem Ltd., POSCO Future M Co. and EcoPro Co. aggressively step up facility investment, they a...
Jun 20, 2023 (Gmt+09:00)
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Corporate restructuring
LG to slim down petrochem as Chinese rivals creep up
South Korea’s LG Chem Ltd. is speeding up restructuring efforts to sell or downsize uncompetitive businesses, with an aim to focus on three gr...
Jun 19, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's Daesang acquires US food company Lucky Foods
Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...
Jun 19, 2023 (Gmt+09:00)
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Robotics
POSCO to raise steel plant safety with robots
POSCO Research Institute, a think tank under South Korea’s top steelmaker POSCO Group, on Sunday said it signed an agreement with Withrobot an...
Jun 19, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman
A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...
Jun 16, 2023 (Gmt+09:00)
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Electronics
India rises as LG's cash cow under revised S.Korean tax laws
South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...
Jun 16, 2023 (Gmt+09:00)
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Batteries
S.Korea’s Enchem to build lithium salt plant in Saemangeum
Enchem Co., South Korea’s top electrolyte manufacturer, on Thursday announced the investment of 600.5 billion won ($473.5 million) to build ...
Jun 16, 2023 (Gmt+09:00)
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Leadership & Management
CJ Darcl certified as best workplace in India by GPTW
CJ Logistics announced on Thursday that its Indian affiliate CJ Darcl has been certified as a 2023-2024 Best Workplace in India by GPTW, a research ...
Jun 15, 2023 (Gmt+09:00)
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Bio & Pharma
Korea’s Samyang opens $22 mn surgical suture plant in Hungary
Samyang Holdings Corp., the world’s top biodegradable suture yarn manufacturer, completed the construction of a 28 billion won ($21.9 million)...
Jun 14, 2023 (Gmt+09:00)
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Batteries
STX to promote lithium business with Chinese company
South Korea's general trading company STX announced on Wednesday its plans to accelerate its lithium business with a leading Chinese lithium produce...
Jun 14, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, GM to build JV plant for EV batteries in Indiana
South Korea's major secondary battery maker Samsung SDI Co. and General Motors (GM) of the US will set up a joint venture (JV) plant for electric ve...
Jun 14, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea launches its first offshore wind installation vessel
Hyundai Engineering & Steel Industries launched South Korea's premier offshore wind installation vessel, the Hyundai Frontier, on Tuesday. This ...
Jun 13, 2023 (Gmt+09:00)
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Batteries
POSCO breaks ground on lithium hydroxide plant in S.Korea
POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...
Jun 13, 2023 (Gmt+09:00)
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Korean chipmakers
Enemies at the door: Copycat Samsung plant in China
As Samsung Electronics Co. endeavors to cement its leadership in the semiconductor market, so its competitors are pulling out all the stops to toppl...
Jun 13, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy to establish R&D center in Busan
Samsung Heavy Industries is pushing forward with the establishment of a research and development (R&D) center in Busan. This move is part of the...
Jun 12, 2023 (Gmt+09:00)
Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
- 2 Growth equity portfolio largely shielded from policy headwinds: Summit
- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma