Ulsan Factory 2
Scope
Date
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Electric vehicles
Kia Sportage speeds up Hyundai’s eco-friendly push
Kia Corp.'s Sportage plug-in hybrid electric vehicle (PHEV) was recently recognized as the best model in the segment by two influential German auto ...
Jun 19, 2022 (Gmt+09:00)
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Food & Beverage
Ottogi launches vegan tuna on rising demand for plant-based alternatives
Veganism is one of the hottest buzzwords in the food and beverage industry this year. F&B juggernauts are racing to win the hearts and tast...
Jun 17, 2022 (Gmt+09:00)
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Research & Development
LG CNS launches virtual factory and lab business
LG CNS announced Thursday it will launch a new business of developing virtual factories and labs as part of its broader digital transformation offer...
Jun 09, 2022 (Gmt+09:00)
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Venture capital
South Korean startups raise record-high Series A funding
South Korea's early stage startups raised a record amount of funding in the last 12 months.Even though venture capital firms at home and abroad are ...
Jun 08, 2022 (Gmt+09:00)
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Korean startups
Ex-footballer’s startup QMIT raises $2.4 mn in Series A
QMIT Inc., the operator of athlete management platform plco, announced Tuesday that it raised 3 billion won ($2.4 million) in Series A round funding...
Jun 07, 2022 (Gmt+09:00)
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Hydrogen economy
SK Gas, Lotte Chemical to launch JV for hydrogen power generation
SK Gas Co., a South Korean major liquefied petroleum gas (LPG) provider, and Korean chemicals firm Lotte Chemical Corp. are slated to set up a joint...
Jun 02, 2022 (Gmt+09:00)
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Corporate restructuring
SK set to buy stake in Bill Gates' TerraPower
SK Innovation Co., South Korea's leading petrochemical company, is planning to buy a stake in TerraPower, a US nuclear power venture founded by Bill...
Jun 02, 2022 (Gmt+09:00)
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Korean startups
Startups serving specific markets thrive: SaaS, fantech, veganism
Vertical service providers are dominating South Korea’s venture business ecosystem, in a study of the country’s early stage startups by ...
Jun 01, 2022 (Gmt+09:00)
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Cryptocurrencies
LUNA 2.0 skyrockets to $30 before losing 80% in first day of trade
The price of LUNA 2.0 (LUNA), the brand-new token of the controversial Terraform Labs Ltd., has been on a tumultuous ride since its debut a couple o...
May 30, 2022 (Gmt+09:00)
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Central bank
BOK steps up inflation fight with back-to-back rate hikes
South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...
May 26, 2022 (Gmt+09:00)
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Batteries
LG Energy, SK On to raise yields with smart factory solutions
LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 electric vehicle battery makers, plan to adopt smart factory solutions to i...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hanwha to boost defense, aerospace biz with $2.1 bn spending
Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...
May 25, 2022 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis pick Indiana for US EV battery plant
Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...
May 24, 2022 (Gmt+09:00)
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Food & Beverage
Tous les Jours, the next K-bakery to lure US customers
Tous les Jours, South Korea’s second-largest bakery franchise, is rapidly expanding its US business by attracting customers with greater varie...
May 23, 2022 (Gmt+09:00)
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Robotics
POSCO to deploy more industrial robots at workplaces
POSCO Group, which owns South Korea’s largest steelmaker, plans to deploy more industrial robots at its factories to improve productivity and ...
May 20, 2022 (Gmt+09:00)
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Cryptocurrencies
Police identify visitor to Terra founder's home as crypto streamer
The uninvited visitor to Terraform Labs co-founder and CEO Do Kwon's Seoul residence has been identified by police. An AfreecaTV streamer who g...
May 17, 2022 (Gmt+09:00)
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Earnings
NCSOFT profit beats forecasts as Lineage W drives sales to record
NCSOFT Corp., South Korea’s leading game developer, surprised investors with stronger-than-expected profit in the first quarter as Lineage W, ...
May 13, 2022 (Gmt+09:00)
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Batteries
SK On to build $2.3 bn EV battery plant for Hyundai in US
SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...
May 12, 2022 (Gmt+09:00)
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Batteries
LG Energy completes LFP battery development for Tesla
South Korea’s LG Energy Solution Ltd., the world’s No. 2 battery producer, boosted its muscle to court industry leader China’s Con...
May 12, 2022 (Gmt+09:00)
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Batteries
LG Energy begins joint research on smart factory tech with elite institute
LG Energy Solution Ltd. and Pohang-based Research Institute of Industrial Science and Technology (RIST) announced Wednesday they will embark on join...
May 12, 2022 (Gmt+09:00)
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Real estate
Mirae Asset named preferred bidder for IFC Seoul
Mirae Asset Global Investments Co., an asset management arm of Mirae Asset Financial Group in South Korea, will be in an exclusive talk with Brookfi...
May 11, 2022 (Gmt+09:00)
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Korean SMEs
Korea’s SFA Engineering aims for top spot in smart factory market
SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...
May 09, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor to build LNG plant to power its factories
Hyundai Motor Co. plans to build a liquefied natural gas-fueled power plant to secure a stable supply of electricity for its factories and embrace t...
May 09, 2022 (Gmt+09:00)
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Economy
Korea April inflation hits 13-1/2-year peak; bond yields up
South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...
May 03, 2022 (Gmt+09:00)
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Foreign exchange
Korean won at 2-year low, adding to inflationary pressure
South Korea’s won currency skidded to the lowest level in more than two years on Thursday, adding to fears over growing inflationary pressure ...
Apr 28, 2022 (Gmt+09:00)
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Business & Politics
SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate
SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...
Apr 28, 2022 (Gmt+09:00)
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Electric vehicles
LG Magna breaks ground for EV parts factory in Mexico
LG Magna e-Powertrain Co. broke ground on Tuesday for a factory to produce electric vehicle components in Mexico to meet the growing demand for eco-...
Apr 20, 2022 (Gmt+09:00)
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Food & Beverage
Korean firewater lures more young Japanese
South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...
Apr 20, 2022 (Gmt+09:00)
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Batteries
SK On bidders weigh growing risks of battery makers
Some of the four shortlisted bidders for South Korea's SK On Co. recently went back to the drawing board to assess the value of the world's No. 5 el...
Apr 18, 2022 (Gmt+09:00)
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IPOs
Kakao's game unit behind Odin valued at $2.7 bn before IPO
Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...
Apr 12, 2022 (Gmt+09:00)