smart plant

Korean food CJ CheilJedang to open $72 million dumpling plant in Japan

South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 milli...

Corporate investment LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to...

Business & Politics S.Korea confident of winning Czech nuclear plant deal despite court ruling

A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, ...

Tech, Media & Telecom Samsung steps up AR race with advanced microdisplay for smart glasses

Samsung Electronics Co. has launched a major push into next-generation microdisplays for augmented reality (AR) glasses as it aims to position itsel...

Mergers & Acquisitions CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion

CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio busin...

Energy LS Cable breaks ground on $681 mn underwater cable plant in Chesapeake

WASHINGTON, D.C. – LS Cable & System Ltd., South Korea’s leading wire and cable manufacturer, has broken ground on its first underwa...

Steel POSCO to invest in Hyundai Steel’s Louisiana plant

South Korea’s top steel maker POSCO has decided to invest in Hyundai Steel Co.'s first overseas plant in Louisiana and collaborate on research...

Tech, Media & Telecom LG CNS breaks into US smart city market

LG CNS Co., the information technology service unit of South Korea’s LG Group, has won its first public-sector smart city contracts in the US,...

Automobiles Kumho Tire eyes Poland, Serbia, Portugal for 1st European plant

Kumho Tire Co., South Korea’s No. 2 tire maker, is evaluating Poland, Serbia and Portugal as a potential site for its first plant in Europe as...

Steel Hyundai's nuclear-grade steel earns US quality certification

South Korean steelmaker Hyundai Steel Co. said on Wednesday it has received the Nuclear Material Supplier Quality System Certificate (QSC) from the ...

Corporate strategy Orion behind original Choco Pie to invest $580 million in new plants

Orion Corp., a South Korean confectionery and snack manufacturer, will inject 830 billion won ($580 million) over three years to expand snack manufa...

Steel POSCO eyes investment in Hyundai Steel’s US plant

POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in ex...

Tech, Media & Telecom Samsung, Google to unveil smart glasses next year in deeper AI alliance

Samsung Electronics Co. and Google LLC are strengthening their long-standing alliance as the artificial intelligence (AI) era redefines the balance ...

IPOs LG Electronics set for early-May Indian stock market debut

LG Electronics Inc. is set to list its wholly owned subsidiary in India on the country's stock exchange in early May, aiming to raise up to $1.5 bil...

Steel Hyundai Steel picks Donaldsonville as $5.8 bn US plant site, seeks investors

South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mill, marking a major stra...

Steel Hyundai Steel to shut down Incheon rebar plant in April

Hyundai Steel Co. is set to shut down its reinforced bar plant in Incheon in April to trim output as steel bar prices are hovering near a four-and-a...

Automobiles Hyundai’s new American dream comes with new plant, more spending

ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alab...

Electronics LG Electronics restarts home appliance plant in Russia

LG Electronics Inc. has resumed operations at its home appliance plant in Russia amid prospects of a ceasefire between Russia and Ukraine, signaling...

Aerospace & Defense Hanwha Aerospace plans record $2.5 bn rights offering for plant expansion

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it is raising 3.6 trillion won ($2.5 billion) in new capital through ...

Energy OCI to build $265 mn solar cell plant in Texas, expects $80 mn tax credit

South Korean solar cell company OCI Holdings Co. said on Thursday it will build a solar cell manufacturing plant in Texas through its US subsidiary ...

Energy Doosan Enerbility wins $1.5 bn in orders from Saudi Arabia

Doosan Enerbility Co., South Korea’s leading gas turbine maunfacturer for power plants, said on Thursday that it has secured a combined $1.5 b...

Energy HD Hyundai, TerraPower to commercialize next-gen SMR

South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the US nuclear venture f...

Hydrogen economy Samsung E&A buys Norwegian Nel stake for hydrogen business push

South Korea’s Samsung E&A Co. has purchased a stake in Norway’s hydrogen technology company Nel ASA at 47.6 billion won ($32.8 milli...

Hydrogen economy Hyundai Motor to build fuel cell plant in South Korea

Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...

Energy Doosan Enerbility bags $200 mn Qatar power plant EPC deal

Doosan Enerbility Co. has clinched an engineering, procurement and construction (EPC) contract for a gas-fired power plant from Qatar in a consortiu...

Bio & Pharma Chong Kun Dang to build new plant for foray into biologics market

Chong Kun Dang Pharmaceutical Corp. is discussing building a research center and a plant in Siheung, about 30 kilometers southwest of Seoul, with th...

Energy Korea’s OCI, Israel’s Arava Power to jointly build solar cell plant in Texas

OCI Energy Co., a US subsidiary of South Korea’s OCI Holdings Co., and Israel’s Arava Power will jointly build a solar cell power plant ...

Corporate restructuring POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors

South Korea’s POSCO Holdings Inc. said on Monday it plans to sell 61 unprofitable and non-core assets to raise 1.5 trillion won ($1 billion) a...

Food & Beverage Korean bakery giant SPC to build $160 mn US plant as tariff war escalates

SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...

Energy South Korean oil refiners to jointly build SAF plant

South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country, for which the gover...