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GM, LC Chem announce $2.3 billion EV battery venture in Ohio

General Motors Co .and South Korea's LG Chem said on Thursday they will invest $2.3 billion to set up an electric vehicle battery cell joint venture plant in Ohio, creating one of the world's largest battery facilities......»»

Category: topSource: reutersDec 5th, 2019

Hyundai Motor to invest $1.55 billion in first Indonesia car plant

South Korea's Hyundai Motor said on Tuesday it has signed a preliminary deal to build a new factory in Indonesia, which would be its first car plant in Southeast Asia and a crack at Japanese rivals that dominate the market......»»

Category: topSource: reutersNov 26th, 2019

Whirlpool drops plan to shut plant in southern Italy

U.S.-listed white goods maker Whirlpool Corp has dropped plans to shut down a production site in the southern Italian city of Naples after two weeks of workers' protests, the company said on Wednesday......»»

Category: topSource: reutersOct 30th, 2019

Samsung finally ready to launch its beleaguered Galaxy Fold

The world’s biggest smartphone maker announced early Thursday that the Galaxy Fold will go on sale in South Korea on Friday, and in select countries such as the U.S., the U.K., France and Germany “in the coming weeks.”.....»»

Category: topSource: marketwatchSep 4th, 2019

Factbox: South Korea"s top court ruling on Samsung heir and ex-president

Samsung Group will discover the fate of its de facto leader on Thursday as South Korea's Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchables......»»

Category: topSource: reutersAug 28th, 2019

Samsung heir braces for top court ruling in ex-president bribery case

Samsung Group will discover the fate of its de facto leader on Thursday as South Korea's Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchables......»»

Category: topSource: reutersAug 28th, 2019

Tesla in advanced talks with LG Chem on battery supply in China: source

U.S. electric vehicle maker Tesla Inc is in advanced talks with South Korea's LG Chem Ltd to source batteries for vehicles to be made in its Shanghai plant, a person familiar with the matter said......»»

Category: topSource: reutersAug 23rd, 2019

LG Display to invest $2.6 billion in OLED panel plant in South Korea

LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea......»»

Category: topSource: reutersJul 22nd, 2019

Samsung Electronics to cut China phone output as market share sinks

South Korea's Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic rivals squeezes its share of the world's biggest smartphone market to less than a paltry 1%......»»

Category: topSource: reutersJun 5th, 2019

Samsung Electronics says undecided on further investment in its China NAND plant

South Korea's Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying a report by China's official Xinhua news agency......»»

Category: topSource: reutersMay 17th, 2019

S. Korea allows businesspeople to visit North factory park

South Korea says it will allow its businesspeople to visit their factories at an industrial park in North Korea that was shut down by Seoul's previous conservative government in 2016 following a North Korean nuclear test......»»

Category: topSource: foxnewsMay 17th, 2019

GM to Trump: The company and UAW will decide fate of Lordstown plant

GM responded late Sunday to a series of angry tweets from President Donald Trump demanding that the automaker reopen or sell the plant in Lordstown, Ohio, that it recently closed because of shifting customer demand......»»

Category: topSource: moneycentralMar 18th, 2019

Malaysia to decide fate of Malaysia Airlines "soon", PM says

The Malaysian government is considering whether to shut, sell or refinance national carrier.....»»

Category: videoSource: reutersMar 12th, 2019

Malaysia to decide fate of Malaysia Airlines "soon", PM says

The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines (MAB), Prime Minister Mahathir Mohamad said on Tuesday......»»

Category: topSource: reutersMar 12th, 2019

Brazil"s Sao Paulo state to offer tax incentives to automakers

Brazil's Sao Paulo state said on Friday it would offer fresh tax incentives to automakers, weeks after Ford Motor Co said it would shut down a plant there with 3,000 employees and General Motors Co hinted it might do the same before backtracking......»»

Category: topSource: reutersMar 8th, 2019

Annual "Key Resolve" Military Drills Involving US, South Korea Will Begin Later This Week

Three weeks after the US and South Korea started their annual Foal Eagle joint military exercises - which had been delayed as a gesture of openness to North Korea during the Olympics and .....»»

Category: blogSource: zerohedgeApr 23rd, 2018

GlobalWafers to expand 12-inch wafer production at Korea plant, report says

Silicon wafer company GlobalWafers has struck a deal with a provincial government in South Korea for expansion of its local plant in Cheonan, South Chungcheong, according to a report from Yonhap News Agency......»»

Category: topSource: digitimesApr 19th, 2018

Market Extra: Investors should pay more attention to Iran than Korea

An apparent breakthrough in relations between North and South Korea is a big deal, but the fate of the Iran nuclear deal holds more sway over the markets......»»

Category: topSource: marketwatchApr 27th, 2018

Kim Jong-un pledges to shut main nuke site in May, invites media to witness

Kim told President Moon Jae-in that Trump will learn at their meeting that North Korea has no intention of using its nuclear arsenal toward South or the Pacific or to target US.....»»

Category: topSource: business-standardApr 29th, 2018

The Wall Street Journal: North Korea offers to give up nukes if U.S. promises not to attack, South Korea says

North Korea said it would shut down.....»»

Category: topSource: marketwatchApr 29th, 2018