manufacturing sector
Scope
Date
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Corporate strategy
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
Jul 14, 2022 (Gmt+09:00)
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Supply chain
Korean manufacturers’ dependence on China intensifies
South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...
Jul 11, 2022 (Gmt+09:00)
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Korean games
Krafton founder: Robotics, deep learning should be S.Korea’s future
Krafton Inc. founder and chairman Chang Byung-gyu is a rare example of a serial entrepreneur in South Korea – a country dominated by family-ow...
Jul 05, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's 3 nm chip narrows microchip gap with TSMC
Samsung Electronics Co. has kicked off mass production of 3-nanometer chips based on the industry’s smallest process node as a global first, a...
Jun 30, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty brands rush for vegan certification
As more consumers seek out eco-friendly products, a growing number of South Korean cosmetics brands are in a hurry to be certified as vegan.With lab...
Jun 28, 2022 (Gmt+09:00)
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Artificial intelligence
South Korea to invest $794 million in AI chips, nurture 7,000 experts
The South Korean government has decided to invest 1.02 trillion won ($794 million) in the artificial intelligence semiconductor sector and foster ov...
Jun 28, 2022 (Gmt+09:00)
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Energy
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
Jun 22, 2022 (Gmt+09:00)
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Korean chipmakers
Ex-Samsung exec says Korea chip sector needs more support
South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...
Jun 22, 2022 (Gmt+09:00)
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Labor union
Hankook Tire sees increasing threat from combative labor union's demands
As a string of sporadic labor union strikes enters its third week, the risk of supply disruption has spread to an unlikely victim – Hankook Ti...
Jun 22, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte plans to expand bio capacity in Korea and US
Lotte Group is preparing to kickstart its biopharmaceutical business as a contract development and manufacturing company (CDMO) by building a new pl...
Jun 16, 2022 (Gmt+09:00)
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Healthcare
Elon Musk’s mother Maye named Ceragem's global ambassador
Maye Musk, the mother of Tesla Inc. CEO Elon Musk, has been named the global ambassador for South Korea’s Ceragem Co., a manufacturer of therm...
Jun 15, 2022 (Gmt+09:00)
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Economy
Korea Inc. hit by rising commodity prices, weak won, supply crisis
South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...
Jun 15, 2022 (Gmt+09:00)
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Batteries
LG Energy to invest $451 mn in mass production of Tesla’s 4680 battery cells
LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc.The ...
Jun 13, 2022 (Gmt+09:00)
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Steel
POSCO revs up eco-friendly, smart steelmaking
South Korea’s leading steelmaker POSCO Group reignited its No. 4 blast furnace at its Gwangyang plant on June 10. The blast furnace has been u...
Jun 12, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics signs $81 mn CMO deal with Novartis
South Korea’s Samsung Biologics Co. has inked an $81 million contract manufacturing deal with Novartis, the world’s fifth-largest pharma...
Jun 07, 2022 (Gmt+09:00)
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Retail
KT&G sues its top contract manufacturer over patents
KT&G Corp., the world’s fifth-largest tobacco company, has sued its largest e-cigarette outsourcing firm EM-Tech. Co., claiming the co-dev...
Jun 07, 2022 (Gmt+09:00)
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Corporate investment
CJ to beef up content, K-food sector with $9.7 billion investment
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ Cheiljedang Corp. and entertainment giant CJ E...
May 30, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia speed up expansion in European EV market
Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, are expanding their presence in Europe, the world’s second-largest el...
May 30, 2022 (Gmt+09:00)
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Corporate investment
LG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...
May 26, 2022 (Gmt+09:00)
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Corporate investment
Samsung to invest $355 billion in chip, biotech, 6G over five years
South Korea’s top conglomerate Samsung has unveiled a plan to invest 450 trillion won ($355 billion) over the next five years in strategic sec...
May 24, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai to invest $10.5 bn in US EV, future mobility sectors
Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...
May 22, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis forms Thailand JV to expand SE Asia biz
South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...
May 19, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
May 18, 2022 (Gmt+09:00)
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Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
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Korean SMEs
Korea's top patient monitoring device maker targets pet sector
South Korea’s leading patient monitoring device maker Mediana Co. is targeting the pet medical industry while seeking an artificial intelligen...
May 16, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte to buy BMS' biologics plant in Syracuse for $160 mn
South Korea's Lotte Group has agreed to buy Bristol Myers Squibb's (BMS) biologics plant in Syracuse in the state of New York for $160 million, the ...
May 13, 2022 (Gmt+09:00)
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Korean chipmakers
Korea losing ground in semiconductor talent development
South Korea, home to the world’s top two memory chipmakers, is losing ground for talent development in the semiconductor sector as fewer profe...
May 09, 2022 (Gmt+09:00)
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Energy
Korea’s new govt. aims to export 10 nuclear power plants
South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...
May 03, 2022 (Gmt+09:00)
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Korean Investors
Renewables emerge as LPs' top infrastructure sector
Key asset owners of South Korea will continue to expand their offshore infrastructure portfolios next year, and renewable energy is their top pick in ...
May 03, 2022 (Gmt+09:00)
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Korean SMEs
Korea contractor for TSMC, Airbus aims to top anodizing sector
South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...
Apr 29, 2022 (Gmt+09:00)
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Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet