expanding new plant
Scope
Date
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Corporate investment
Korea’s KCC Glass to invest $525 mn more in Indonesian plant
KCC Glass Corp., a major South Korean construction materials manufacturer, is set to invest an additional 700 billion won ($524.8 million) in its In...
Oct 04, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to mass-produce parts to double EV charging speed
UIWANG, Gyeonggi Province – Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to mass-produce a component that double...
Oct 04, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc, MBK face-off for control of zinc smelter takes new twist
The face-off between Korea Zinc Inc. and MBK Partners for control of the world's No. 1 lead and zinc smelter shows no sign of abating as the private...
Oct 04, 2024 (Gmt+09:00)
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Energy
Hanwha Q Cells sells 142 MW solar power plant in Washington
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Wednesday that it sold a 142-megawatt solar pow...
Oct 02, 2024 (Gmt+09:00)
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Bio & Pharma
SK Pharmteco to invest $260 mn in new peptide factory in S. Korea
SK Pharmteco, the contract development and manufacturing organization (CDMO) of South Korea's SK Inc., said on Tuesday that it plans to invest $260 ...
Oct 02, 2024 (Gmt+09:00)
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Batteries
LG Chem develops material blocking battery thermal runaway
LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...
Oct 01, 2024 (Gmt+09:00)
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Petrochemicals
Sambark LFT rebranded as Lotte Engineering Plastics
Sambark LFT Co., a plastic materials producing unit of Lotte Chemical Corp., has changed its name to Lotte Engineering Plastics Co., the company sai...
Sep 30, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, GSMA sign Open Gateway agreement
South Korea's LG Uplus Corp. said on Monday that it signed an agreement with the Global System for Mobile Communications Association (GSMA) to parti...
Sep 30, 2024 (Gmt+09:00)
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Electronics
LG to invest $762 mn in webOS to transform into platform-based tech giant
LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...
Sep 29, 2024 (Gmt+09:00)
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Fashion
Uniqlo expands in Korea as No-Japanese boycott wanes
Uniqlo Co., a Japanese fast fashion brand, is vigorously expanding brick-and-mortar stores in South Korea, attracting budget-conscious consumers ami...
Sep 27, 2024 (Gmt+09:00)
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Airlines
Jin Air to expand SE Asia, Oceania routes
South Korea's budget carrier Jin Air said on Friday that it will resume and expand its international flights for the upcoming winter season, focus...
Sep 27, 2024 (Gmt+09:00)
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Electric vehicles
Kia to mass-produce EVs at Hyundai Motor Group’s 1st dedicated plant
Kia Corp., an automaker of Hyundai Motor Group, is poised to start mass production of electric vehicles at the global No. 3 carmaker’s first p...
Sep 27, 2024 (Gmt+09:00)
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Banking & Finance
Woori Bank expands services for foreign customers in S.Korea
Woori Bank announced on Friday that it has set up additional “global desks” dedicated to foreign customers, some of which will be open o...
Sep 27, 2024 (Gmt+09:00)
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Electronics
LG Display ends large LCD business with plant sale to CSOT
South Korea’s leading display maker LG Display Co. is gearing up its transition into a leading organic light-emitting diode (OLED) panel maker...
Sep 26, 2024 (Gmt+09:00)
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Sovereign wealth funds
Korea Investment Corp. appoints Park Il Young as its new CEO
South Korean sovereign wealth fund Korea Investment Corporation (KIC) announced on Thursday that it has appointed former World Bank Group executive ...
Sep 26, 2024 (Gmt+09:00)
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Korean games
Netmarble unveils teaser video for its new game ‘The King of Fighters’
Netmarble Corp. announced on Thursday that it premiered a teaser video for its new game “The King of Fighters (KOF) AFK” at the SNK boot...
Sep 26, 2024 (Gmt+09:00)
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Airlines
S.Korea’s T’way Air to introduce A330-900 Neo aircraft
T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...
Sep 26, 2024 (Gmt+09:00)
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Asset management
Korea Securities to expand its ultra-high net worth business
Korea Investment & Securities announced on Thursday that it has signed a memorandum of understanding (MOU) with Arceon Group to strengthen its o...
Sep 26, 2024 (Gmt+09:00)
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Automobiles
Chabot Mobility raises $900,000 in Series C round
South Korea's automotive management platform startup Chabot Mobility said on Wednesday that it raised 1.2 billion won ($900,000) in a Series C inv...
Sep 25, 2024 (Gmt+09:00)
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Korean stock market
KRX launches Korea Value-up Index featuring 100 best practice firms
South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank for the government...
Sep 25, 2024 (Gmt+09:00)
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Energy
Doosan Enerbility defies doubters about homegrown gas turbines
Doosan Enerbility Co., a leading power plant engineering company in South Korea, has defied doubters about its gas turbines, the first produced at h...
Sep 24, 2024 (Gmt+09:00)
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Fiber & Textile
Kolon expands eco-friendly car interior materials biz
South Korea's Kolon Industries Inc., the Kolon Group's chemical materials arm, will absorb its affiliate Kolon Glotech's automotive materials and pa...
Sep 24, 2024 (Gmt+09:00)
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Electronics
Samsung Display to build $1.8 billion OLED plant in Vietnam
Samsung Display Co., a leading South Korean display maker, will build a $1.8 billion organic light-emitting diode (OLED) line in Vietnam for small- ...
Sep 24, 2024 (Gmt+09:00)
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Bio & Pharma
Osstem Implant to boost digital dentistry business
South Korea's Osstem Implant Co., the world’s fourth-largest dental implant maker, will enhance its software system of digital dentistry. ...
Sep 24, 2024 (Gmt+09:00)
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Food & Beverage
South Korea's hy to export Helicobacter Project Will to China
South Korea's hy, formerly known as Korea Yakult and a leader in dairy products, said on Monday that it started exporting its fermented milk product...
Sep 23, 2024 (Gmt+09:00)
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K-pop
Aespa to release its new album ‘Whiplash’ in October
K-pop girl group aespa is aiming to follow up its hit song “Supernova” with a string of hits with its new album “Whiplash."Managem...
Sep 23, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai's Chung to nurture Czech plant as hub for eco-friendly mobility
Hyundai Motor Co. Executive Chairman Chung Euisun has vowed to turn the South Korean automotive conglomerate’s plant in the Czech Republic int...
Sep 22, 2024 (Gmt+09:00)
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Leadership & Management
Samjong KPMG reappoints CEO Kim Kyo Tae for 4th term
Kim Kyo Tae on Friday was reappointed to a fourth term as chief executive of Samjong KPMG, announced the South Korean unit of the global audit and a...
Sep 20, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai Motor cuts 2030 sales goals as EV chasm likely protracted
South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...
Sep 19, 2024 (Gmt+09:00)
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Retail
Duty-free underdog Kyung Bok Kung outshines Lotte, Shilla
Kyung Bok Kung Duty-Free Co., a lesser-known travel retailer, has bucked the trend of South Korea's sluggish duty-free retail industry on a downward...
Sep 18, 2024 (Gmt+09:00)