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Sunday, September 24, 2023

BUSINESS

SK Group to invest 8 trillion won in Ulsan for green energy

SK Group Chairman Chey Tae-won reiterated the group's plan to invest 8 trillion won ($6 billion) in the city of Ulsan, mostly in green...

Supplier’s employees found guilty of pirating SK hynix chip technology to China

A former executive at SK hynix supplier surnamed Shin has been found guilty of pirating confidential chip technology to China and sentenced to one...

Hanwha Aerospace UGV to undergo Pentagon testing in U.S.

Hanwha Aerospace will test its multipurpose unmanned ground vehicle (UGV) Arion-SMET at a U.S. Marine Corps training center in O’ahu, Hawaii. Hanwha Aerospace signed a...

SK enpulse sells chip processing business to focus on value-added areas

SK enpulse is selling off its Chinese chip business dedicated to the pre-production stage as the company wants to streamline its business structure to...

Incheon Int’l Airport to get $767 million makeover

Incheon International Airport will receive a major makeover as the operator of the airport will spend 1.02 trillion won ($766.62 million) revamping one of...

Kepco to cooperate with Samsung to power $226 billion chip hub

As Samsung Electronics is set to build a 300 trillion won ($226 billion) massive chip cluster in Yongin, Gyeonggi, by 2042, the chipmaker will cooperate with...

Samsung, LG investors spooked by China’s iPhone ban

China’s push to ban Apple iPhones for government workers is dampening investment sentiment for Samsung, LG and smaller parts suppliers tied with the San...

Supply crisis fears fuel demand spike for urea solutions

Despite the government’s assurance that there will be no urea shortage in Korea, concerned consumers — wary of a repeat of the supply crisis...

Korea’s major shipbuilders battle for lucrative LNG deals

Korea's three big shipbuilders will be vying to win a series of liquefied natural gas (LNG) carrier orders scheduled for the latter half of...

Orion earns $82M in dividends from Vietnamese subsidiary

Orion, a Seoul-based confectionery company, will spend 110 billion won ($82.39 million), a sum received in dividends from its Vietnamese subsidiary, to expand its production...