KIa Mexico plant
Scope
Date
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Corporate restructuring
Hanwha's holding firm to hive off non-core businesses
Hanwha Corp., the holding company of South Korea’s chemicals-to-defense conglomerate, will hive off its wind power and offshore plant building...
Apr 04, 2024 (Gmt+09:00)
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Batteries
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Apr 04, 2024 (Gmt+09:00)
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Fiber & Textile
Hyosung TNC to invest $1 bn in new bio-fiber plants in Vietnam
Hyosung TNC Corp., the world’s top spandex maker, plans to invest $1 billion in new bio-textile materials plants in Vietnam to accelerate its ...
Apr 03, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem, Ansan City to team up for waste vinyl recycling
South Korea's LG Chem Ltd. has decided to recycle waste vinyl generated in Ansan, Gyeonggi Province, into plastic raw materials. The company announc...
Apr 03, 2024 (Gmt+09:00)
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Construction & Planning
Samsung, GS win $7.2 bn gas plant project in Saudi
South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...
Apr 03, 2024 (Gmt+09:00)
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Automobiles
Kia releases 2024 model year of K9
Kia Corp., South Korea’s No. 2 automaker, released its flagship sedan K9’s model year The 2024 K9 on Tuesday. Kia has enhanced the ext...
Apr 02, 2024 (Gmt+09:00)
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Batteries
LG Energy, GM’s 2nd Ultium Cells plant begins production in Tennessee
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Tuesday that the second plant of Ultium Cells LLC, a joint venture ...
Apr 02, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo to build plant for producing trucks in Saudi Arabia
South Korea's Tata Daewoo Commercial Vehicle Company announced on Monday that it will build a production plant in Saudi Arabia.Tata Daewoo signed a ...
Apr 01, 2024 (Gmt+09:00)
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Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
Mar 28, 2024 (Gmt+09:00)
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Automobiles
Kia wins World's Greatest Auto Disruptors 2024
Kia Corp. won two categories of the Newsweek World’s Greatest Auto Disruptors Awards with the all-electric EV9 winning Research and Developmen...
Mar 27, 2024 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s Doosan Enerbility to develop aircraft engines
South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...
Mar 27, 2024 (Gmt+09:00)
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Automobiles
Kia taps ex-BMW, Mercedes-Benz designers for China, Europe
Kia Corp., South Korea’s No. 2 automaker, has appointed former designers of German luxury carmakers BMW AG and Mercedes-Benz AG as chiefs of i...
Mar 26, 2024 (Gmt+09:00)
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Batteries
Solus Advanced Materials poised to lead EV copper foil market: CEO
Solus Advanced Materials Co. is not a household name among ordinary electric vehicle drivers. But the South Korean company is a little giant to gl...
Mar 26, 2024 (Gmt+09:00)
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Food & Beverage
Nongshim to build instant noodle plant in Korea for exports
Nongshim Co., South Korea’s top instant noodle maker, is set to build a new factory in the country for exports of ramen, or ramyun, for the fi...
Mar 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia's European sales reach 79,000 units in February
Hyundai Motor Co. and Kia Corp. reported a 2.3% rise in European sales in February, selling a combined total of 79,130 vehicles, according to data f...
Mar 22, 2024 (Gmt+09:00)
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Earnings
Samsung Electronics collects $4.3 bn in dividends from display unit
Samsung Electronics Co., the world’s largest memory chipmaker, is slated to receive about 5.64 trillion won ($4.3 billion) worth of dividends ...
Mar 21, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix earmarks $91 bn to construct world's largest chip fab
SK Hynix Inc., the global No. 2 memory chipmaker, is slated to invest more than 120 trillion won ($90.7 billion) by 2046 to build the world’s ...
Mar 21, 2024 (Gmt+09:00)
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Fraud scandals
Korea fines Doosan Enerbility $12 mn for improper bookkeeping
South Korea’s top financial regulator said on Wednesday it will fine local major power plant builder Doosan Enerbility Co. 16.1 billion won ($...
Mar 20, 2024 (Gmt+09:00)
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Energy
GAS Entec wins order for Indonesian offshore plant
South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...
Mar 18, 2024 (Gmt+09:00)
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Automobiles
S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe
Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...
Mar 17, 2024 (Gmt+09:00)
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Electric vehicles
Kia’s volume model EV3 to spearhead its electrification push: CEO
Kia Corp., South Korea’s second-largest automaker, said on Friday its upcoming volume electric model EV3 will spearhead the company’s el...
Mar 15, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Ecoplant opens US recycling plant for data center servers
SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Thursday it launched a recycling plant for data cen...
Mar 14, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia to recall 170,000 EVs
Around 170,000 units of electric vehicles (EVs) from Hyundai Motor Co. and Kia Corp. are voluntarily recalled, the largest recall in the domestic EV...
Mar 14, 2024 (Gmt+09:00)
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Petrochemicals
LG Chem to close base chemical styrene monomer business
LG Chem Ltd., South Korea's No. 1 petrochemical company, will shut down its styrene monomer (SM) production line this month and is mulling closing a...
Mar 13, 2024 (Gmt+09:00)
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Batteries
SK Ecoplant, TES to enter Japan’s battery recycling market
SK Ecoplant Co., a South Korean construction engineering and waste management firm, said on Tuesday it is entering Japan’s battery recycling m...
Mar 12, 2024 (Gmt+09:00)
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Energy
Doosan wins $114 mn Saudi power plant equipment order
Doosan Enerbility Co. said on Monday it has bagged an order worth 150 billion won ($114 million) to supply turbines and generators for two combined ...
Mar 12, 2024 (Gmt+09:00)
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Automobiles
Kia EV9 named UK Car of the Year 2024
Kia Corp. 's EV9, the signature large all-electric sport utility vehicle (SUV) of South Korea’s No. 2 automaker, was named the UK Car of the...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
Samsung Electro-Mechanics to supply hybrid camera lenses to Hyundai
Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, plans to begin supplying hybrid lenses for automotive camera modules ...
Mar 10, 2024 (Gmt+09:00)
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Automobiles
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
Mar 08, 2024 (Gmt+09:00)
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Steel
Hyundai Steel to resume steel production in Russia
South Korea’s Hyundai Steel Co. is expected to resume steel production in Russia two years after it took its plant offline in the country amid...
Mar 06, 2024 (Gmt+09:00)
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