Latest News for: Seoul investment

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Leading Korean firms declare 'new entrepreneurial spirit'

Korea Times 24 May 2022
Korea Chamber of Commerce and Industry (KCCI) Chairman Chey Tae-won, fourth from left in front row, and Korea Enterprises Federation (KEF) Chairman Sohn Kyung-shik, fifth from left in front row, and CEOs of leading Korean firms raise their fists at a ceremony at the KCCI building in Seoul, Tuesday.
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Samsung to invest $356 billion over five years in strategic sectors

Metro USA 24 May 2022
SEOUL (Reuters) – Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said.
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Samsung to invest $356 bln over five years in strategic sectors

Reuters 24 May 2022
SEOUL, May 24 (Reuters) - Samsung Group will invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics (005930.KS) said ... investment pledge made in August 2021.
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Hyundai Motor Group to invest $50 billion in S.Korea through 2025

Metro USA 24 May 2022
SEOUL (Reuters) – Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through ...
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Hyundai Motor Group to invest $50 bln in S.Korea through 2025

Reuters 24 May 2022
SEOUL, May 24 (Reuters) - Hyundai Motor Group said on Tuesday it plans to invest 63 trillion won ($49.86 billion) in South Korea through 2025 to strengthen its ...
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Samsung commits $356 billion in investments with 80,000 new jobs

The Times of India 24 May 2022
SEOUL. Samsung Group on Tuesday unveiled a massive $356 billion investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics ... It will also invest heavily in biopharmaceuticals with its affiliates Samsung Biologics and Samsung Bioepis in the field.
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U.S.-China divide creates fast lane for Hyundai

Reuters 23 May 2022
Last week, President Joe Biden kicked off his inaugural trip to Asia in Seoul, signaling deeper economic and military cooperation between the allies ... - Biden also met with Hyundai Motor Group Chair Euisun Chung on May 22 in Seoul to thank him for a major investment in the state of Georgia.
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Hanmi Fine Chemical Launches 'High-Tech CDMO' Business'

MENA FN 23 May 2022
(MENAFN - PR Newswire) CDMO business initiated such as mRNA vaccine raw materials–peptides 10 billion KRW invested in Hanmi Fine Chemical facility expansion SEOUL, South Korea, May 22, 2022 ... .
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Biden admits the US economy has ‘problems,’ warns of ‘haul’ before relief

New York Post 23 May 2022
More On. economy ... poll. Letters to the Editor — May 21, 2022 ... poll ... AP Photo/Evan Vucci ... “You know, because of Putin’s war, we’ve been sort of knocked off slightly, a little bit, because of the impact of the — impact of Russian oil on Europe,” Biden said Sunday during his remarks on Hyundai’s investments in Georgia while in Seoul, South Korea ... ....
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Hyundai Motor Group to invest more than $10 billion in US by 2025

Gulf News 22 May 2022
Seoul ... The investments, announced during a visit to Seoul by US President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial intelligence, the group said ... The new investment brings its planned US total through 2025 to about $10 billion, above the $7.4 billion it announced last year.
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Hyundai Motor Group to invest more than $10 billion in US up to 2025

Gulf Daily News 22 May 2022
SEOUL ... The investments, announced during a visit to Seoul by President Joe Biden, are for robotics, urban air mobility, autonomous driving and artificial intelligence, the group said ... The new investment brings its planned US total through 2025 to about $10 billion, above the $7.4 billion it announced last year.
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Biden does more 'ribbon cutting' in South Korea as he touts Hyundai's new $5.5 billion ...

The Daily Mail 22 May 2022
President Joe Biden will kick off his final day in Seoul by touting Korean automaker Hyundai's announcement that it will invest $5.5 billion to construct an electric vehicle and battery plant in Georgia ... President Joe Biden will kick off his final day in Seoul by touting Korean ...
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Hyundai to invest $5 bil. in US for robotics, autonomous driving development

Korea Times 22 May 2022
President Joe Biden and Hyundai Motor Group Chairman Chung Eui-sun greet each other after addressing the press on the automaker's decision to build a new electric vehicle and battery manufacturing facility in Savannah, Georgia, as Biden ends his visit to Seoul, May 22 ... President Joe Biden, who was in Seoul for his three-day visit.
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Hyundai Motor pledges to invest $10.5 billion in US

Korea Times 22 May 2022
The announcement was made at the Grand Hyatt hotel in Seoul, Sunday ... Biden thanks Korean automaker for massive investment in EV plant, robotics ... "Yesterday, we announced an investment of $5.5 billion in the state of Georgia to establish our first dedicated electric vehicle and battery cell manufacturing plant ... investment to be over $10 billion.
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Biden says US prepared for any acts by Pyongyang

La Prensa Latina 22 May 2022
“I am not concerned, if that is the question,” Biden said during his media appearance at Seoul’s Hotel Grand Hyatt, where he met Hyundai Motor group chairman Ching Eui-sun to discuss the South Korean carmaker’s fresh investment plans in the US.

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FILE - This 2003 electron microscope image made available by the Centers for Disease Control and Prevention shows mature, oval-shaped monkeypox virions, left, and spherical immature virions, right, obtained from a sample of human skin associated with the 2003 prairie dog outbreak.
AP / Cynthia S. Goldsmith, Russell Regner/CDC, File
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