Hyundai Mobis US plants
Scope
Date
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Corporate restructuring
Hyundai Doosan Infracore unveils new construction equipment brand
South Korea's Hyundai Doosan Infracore Co. on Wednesday said that in a news conference in Las Vegas on the day before, it unveiled its new construct...
Jan 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs
Hyundai Motor Group said on Wednesday that Hyundai IONIQ5, Kia EV6, Kia Telluride, and Genesis GV70 were selected as the 2023 Best 10 Trucks & S...
Jan 18, 2023 (Gmt+09:00)
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Food & Beverage
Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years
South Korea-based Lotte Confectionery Co. will invest 4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...
Jan 18, 2023 (Gmt+09:00)
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Bio & Pharma
MedPacto's anti-cancer substance designated as US FDA fast-track item
South Korean biotech company MedPacto Inc. ’s Vactosertib monotherapy for osteosarcoma patients has been designated as a fast-track developmen...
Jan 18, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong accelerates investment in CDMO business
Daewoong, the holding company of South Korea's pharmaceutical-oriented Daewoong Group, is speeding up its pace to beef up its contract development a...
Jan 18, 2023 (Gmt+09:00)
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Energy
Samsung Eng. wins ADNOC’s $80.7 mn joint project
South Korea’s Samsung Engineering Co. has won a $80.7 million joint project from Abu Dhabi National Oil Co. (ADNOC) for multi-billion-dollar g...
Jan 17, 2023 (Gmt+09:00)
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Bio & Pharma
Medytox to build plant for finished toxin products in Dubai
South Korea's biopharmaceutical company Medytox Inc. will build a plant for finished products containing botulinum toxin in the United Arab Emirates...
Jan 17, 2023 (Gmt+09:00)
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Electric vehicles
Kia to break ground on new Korean EV plant in March
Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpose-built vehicles (PB...
Jan 16, 2023 (Gmt+09:00)
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Leadership & Management
Samsung hires ex-Yogiyo CEO to lead online sales as rivals axe jobs
Samsung Electronics Co. has hired Kang Shin-bong, former chief executive of Yogiyo, South Korea’s second-largest food delivery platform, to le...
Jan 16, 2023 (Gmt+09:00)
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Batteries
Hanwha, LG Energy team up for US battery production
South Korea’s Hanwha Group will invest in LG Energy Solution Ltd.'s battery production lines for energy storage systems (ESS) in the US, some ...
Jan 16, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung CEO says construction of Taylor foundry on track
A US road in Taylor, Taxas, where global chip giant Samsung Electronics Co. is building a $17 billion fabrication plant on a scale of about 5 millio...
Jan 16, 2023 (Gmt+09:00)
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Electronics
LG Elec's Tennessee plant named Lighthouse Factory by WEF
LG Electronics Inc.'s home appliance factory in Tennessee, the US, has been selected as a "Lighthouse Factory" by the World Economic Forum (WEF) for...
Jan 16, 2023 (Gmt+09:00)
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Batteries
SK-Ford JV likely to raise $4 bn via US loan program
Glendale, Kentucky -- A battery joint venture between South Korea’s SK On Co. and Ford Motor Co. is likely to raise about $4 billion in a US g...
Jan 15, 2023 (Gmt+09:00)
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Batteries
LG Energy, Honda to build $4.4 billion battery plant in Ohio
LG Energy Solution Ltd. and Honda Motor Co. have launched their first US joint venture to build an electric vehicle battery plant in Ohio, LG said o...
Jan 13, 2023 (Gmt+09:00)
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Entertainment
Aespa's first VR concert unveiles at the US music festival
AmazeVR, a virtual reality (VR) concert production and distribution platform company, said on Friday that "Aespa VR Concert at Kwangya" was official...
Jan 13, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 6 honored as safest family car in Europe
Hyundai Motor Co.'s first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Friday said the Europea...
Jan 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Orchestra PE acquires KFC Korea for about $50 mn
Asia-focused Orchestra Private Equity agreed on Wednesday to buy a 100% stake in the South Korean operations of fast food chain KFC for around 60 bi...
Jan 12, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s Chung Euisun named MotorTrend’s Person of the Year
Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has been named Person of the Year by MotorTrend, topping the prestigious US autom...
Jan 12, 2023 (Gmt+09:00)
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ESG
3 HD Hyundai affiliates to help ESG management of biz partners
Three construction machinery affiliates of South Korea's HD Hyundai will support environmental, social and governance (ESG) management of their part...
Jan 12, 2023 (Gmt+09:00)
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Automobiles
Powertrain maker Hyundai Transys set to post record-high 2022 revenue
Hyundai Transys Co., a Hyundai Motor Group unit that makes powertrains and seats, said on Wednesday that it is estimated to have achieved record-hig...
Jan 11, 2023 (Gmt+09:00)
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Energy
Hanwha to build largest US solar energy hub for $2.5 bn
South Korea’s Hanwha Solutions Corp. said on Wednesday that it will invest 3.2 trillion won ($2.5 billion) to build the largest solar energy p...
Jan 11, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte to invest more in US bio biz, spend $3 bn in Korea
SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...
Jan 11, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
SK Ecoplant looks to enter US battery recycling business: CEO
SK Ecoplant Co., a South Korean construction engineering company, will enter the US battery recycling business by investing in promising startups, C...
Jan 11, 2023 (Gmt+09:00)
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Chemical Industry
Hyundai L&C wins GR certification for recycled PET packaging sheets
Hyundai Living & Culture, Hyundai Department Store Co. Group's building materials unit, said on Wednesday that it has received Good Recycled Pro...
Jan 11, 2023 (Gmt+09:00)
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Steel
Dong Yang Steel Pipe signs contract with Japanese EPC company
DongYangSteelPipe, a steel pipe unit of KBI Group, said on Tuesday that it had signed on the previous day an agreement with a Japanese EPC (engineer...
Jan 11, 2023 (Gmt+09:00)
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Automobiles
11 Hyundai Motor Group products receive US' Good Design Awards
Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...
Jan 11, 2023 (Gmt+09:00)
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Automobiles
Katech signs self-driving R&D agreement with SwRI in US
The Korea Automotive Technology Institute (Katech) said on Tuesday that it will join hands with the Southwest Research Institute (SwRI) of the Unite...
Jan 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record sales in India; to build IONIQ 5 locally
South Korea’s two leading automakers – Hyundai Motor Co. and Kia Corp. – are solidifying their presence in India, a fast-growing A...
Jan 10, 2023 (Gmt+09:00)
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Construction & Planning
Hyundai Eng. acquires certifications for nuclear power plant construction
Hyundai Engineering Co. said on Tuesday it has obtained both domestic and foreign quality certifications to start the nuclear power plant EPC (desig...
Jan 10, 2023 (Gmt+09:00)
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Batteries
Ford in talks with LG Energy for Turkey EV battery plant
Ford Motor Co. is in talks with LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, to build a cell factory in...
Jan 10, 2023 (Gmt+09:00)
Latest News
- 1 SK Group, AWS to build South Korea’s largest, multibillion-dollar AI data center
- 2 Genesis targets broader European presence with EV trio
- 3 K-pop pilgrimage boosts Seoul ahead of BTS comeback
- 4 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 5 LG Chem closes $1 bn water filter division sale to Glenwood PE