manufacturing hub
Scope
Date
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Korean chipmakers
SK Siltron to ramp up silicon wafer output from 2024
South Korean silicon wafer maker SK Siltron Co. on Wednesday announced a plan to spend 1 trillion won ($810 million) on its domestic capacity expans...
Mar 16, 2022 (Gmt+09:00)
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Alternative investments
Data centers in European core cities are promising, Principal head says
Critical data center hubs have emerged in European major cities with dramatic growth in data consumption, and the facilities are rising as promising...
Mar 16, 2022 (Gmt+09:00)
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Retail
Korea’s fashion OEM firms eye record sales
South Korea’s clothing original equipment manufacturers (OEM) are set to see a supercycle or a sustained period of expansion driven by robust ...
Mar 16, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
Feb 23, 2022 (Gmt+09:00)
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Korean startups
Korean drone manufacturer aims for 2023 Kosdaq IPO
South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...
Feb 17, 2022 (Gmt+09:00)
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Earnings
Samsung’s 2022: Year of war on uncertainty, shaky supply chain
Samsung Electronics Co.'s spectacular 2021 earnings report on Thursday was overshadowed by its murky business outlook, as the world’s top make...
Jan 27, 2022 (Gmt+09:00)
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Robotics
Doosan Robotics eyes $10 bn cobot market
A robot with a humanoid arm is busy at work transporting parts inside Doosan Robotics’ manufacturing plant in Suwon City, Gyeonggi Province.&n...
Jan 17, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Alabama plant: World’s second most productive
Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...
Jan 11, 2022 (Gmt+09:00)
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Batteries
Korea's EcoPro BM to build first overseas plant in Hungary
EcoPro BM Co., South Korea’s top cathode materials producer, has decided to set up its first overseas plant in Hungary.EcoPro BM on Dec. 9 ann...
Dec 10, 2021 (Gmt+09:00)
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Electric vehicles
Robots, AI replace human workers at Kia’s EV6 manufacturing factory
Kia Corp., South Korea’s second-largest automaker, has unveiled the automated manufacturing process at its smart factory for the EV6, its firs...
Nov 22, 2021 (Gmt+09:00)
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Batteries
POSCO Chem's rise from brickworks to EV materials leader
POHANG, South Korea - When POSCO Chemical Co., better known as a refractory brick manufacturer until the early 1990s, announced its entry into the a...
Nov 11, 2021 (Gmt+09:00)
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Supply chain
Global supply crisis endangers S.Korea’s manufacturers
A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...
Nov 09, 2021 (Gmt+09:00)
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Automobiles
GM says it will recover $1.9 billion of Bolt-recall costs from LG
General Motors Co. said it would recover from supplier LG Electronics Inc. nearly all of the $2 billion cost of recalling Chevrolet B...
Oct 13, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC advised to invest in Europe's residential market
Europe's residential real estate market has stronger growth potential than the US housing facilities, given the growing preference among millennials...
Sep 29, 2021 (Gmt+09:00)
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Batteries
LG Energy develops safer, long-lasting solid-state battery technology
South Korea’s LG Energy Solution Ltd. said on Friday the company and the University of California San Diego have jointly developed a next-gene...
Sep 24, 2021 (Gmt+09:00)
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Future mobility
SK's car-sharing service SoCar Malaysia sees valuation top $210 mn
Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...
Sep 16, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells
Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...
Aug 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Systems invests $300 million in UK satellite firm OneWeb
Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...
Aug 12, 2021 (Gmt+09:00)
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Earnings
Korea manufacturers’ trillion won club to nearly triple
The number of the trillion won club of South Korean manufacturing sector is set to nearly triple this year even as a resurgence in the COVID-19 is...
Aug 01, 2021 (Gmt+09:00)
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Green Cross' two Kosdaq-listed cell therapy arms to merge
South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...
Jul 18, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix joins Micron in 4th-gen 10nm DRAM production
SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...
Jul 12, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai innovates EV manufacturing with smart factory system
South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...
Jul 02, 2021 (Gmt+09:00)
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Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...
Jun 18, 2021 (Gmt+09:00)
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Korean chipmakers
Chip shortage hits Korea’s COVID-19 diagnostic device manufacturers
The global chip shortage is impacting South Korea’s COVID-19 test device makers. They are paying up to 10 times the normal price of semiconduc...
Jun 07, 2021 (Gmt+09:00)
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Energy
CS Wind acquires US wind tower factory from Vestas at $150 mn
South Korea’s wind tower manufacturer CS Wind Corp. has acquired full ownership of the world’s largest tower manufacturing facility loca...
Jun 04, 2021 (Gmt+09:00)
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COVID-19 vaccines
Samsung Bio plans to manufacture mRNA drug substance from 2022
Samsung Biologics will be entering the drug substance segment of the COVID-19 vaccine contract manufacturing business. According to industry sources...
May 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE exits S.Korea's No.2 electric wire manufacturer
Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...
Mar 29, 2021 (Gmt+09:00)
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Carbon neutrality
Stronger carbon stance puts cost pressure on manufacturers
South Korea’s carbon emission regulations – strengthened again this year – are projected to exert financial pressure on the countr...
Mar 22, 2021 (Gmt+09:00)
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Korean food
Daesang marks Indonesia as hub for Middle East expansion
South Korea-based Daesang Corp. plans to beef up investment in Indonesia as part of its strategy to foster future growth drivers and to tap into the...
Feb 18, 2021 (Gmt+09:00)
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Biopharma CMO
Moderna deal shows Korea’s prowess as global hub for biopharma CMO
South Korea is emerging as a global hub for the contract manufacturing of biopharmaceuticals following its latest deal to procure COVID-19 vaccines ...
Dec 30, 2020 (Gmt+09:00)
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Latest News
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- 4 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 5 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google