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Search resuls for: "Heekyong Yang Ju-Min Park"


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SEOUL, Nov 8 (Reuters) - Operations at Kia Corp's (000270.KS) assembly plant in South Korea have been suspended due to disruptions in parts supplies, the carmaker said on Wednesday. Poongki Industrial Co Ltd, a Kia supplier that makes chassis parts, suffered a fatal accident that resulted in the death of one worker on Tuesday and halted its own operations, causing supply disruptions at Kia's plant, a Kia spokesperson said. Labour authorities are investigating the accident, putting a halt to forklift truck operations at the Kia supplier's factory, a labour ministry spokesperson said. Kia is checking on alternative sources for Poongki's components, according to the Kia spokesperson. The plant located in the southwestern city of Gwangju produces about 2,000 vehicles a day, according to media reports.
Persons: Kia Corp's, Poongki, Kia, Lee Jae, Heekyong Yang, Ed Davies Organizations: Kia, Poongki Industrial Co Ltd, Labour, Eugene Investment, Securities, Thomson Locations: SEOUL, South Korea, Gwangju
[1/2] A Hyundai Kona vehicle is unveiled at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. PERFORMANCEHyundai said vehicle sales rose 8.5% to 1.06 million units in the second quarter, with EV sales soaring 47% to nearly 78,000 units. In the United States, Hyundai's biggest market, sales of green energy cars that include EVs and plug-in hybrids more than doubled to 46,000 units. Overall vehicle sales in the U.S. grew 14% to 225,000 units, led by sedans, while in South Korea, its second-biggest market, sales rose 13% to 206,000 units. Hyundai said last month it planned to boost EV production in the United States to three-quarters of its total production there by 2030 from just 0.7% now.
Persons: Andrew Kelly, Elon Musk, Kim Jinwoo, Zayong Koo, Refinitiv SmartEstimate, 1,279.1700, Heekyong Yang, Miyoung Kim, Jacqueline Wong Organizations: Hyundai, New York, REUTERS, Kia Corp, Korea Investment & Securities, EV, Thomson Locations: Manhattan , New York City, U.S, SEOUL, KS, United States, North America, South Korea
SUWON, South Korea, July 12 (Reuters) - The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics (005930.KS) began on Wednesday in a case that underscores South Korea's crackdown on industrial espionage. Prosecutors have alleged that Choi Jinseog, a former Samsung Elec executive and a South Korean chip expert, stole sensitive information developed by the world's top memory chipmaker to help his client set up a chip factory in China. The high-profile criminal case against Choi, an award-winning engineer once seen as a star in South Korea's chip industry, highlights Seoul's efforts to crack down on industrial espionage and slow China's progress in chip manufacturing. Prosecutors have also charged five former employees at Choi's chip consultancy firm, Jin Semiconductor, and a former employee at a Samsung contractor. In a letter to Reuters from prison last month, Choi rejected allegations he had sought to build a copycat chip factory in China with information illegally obtained via Samsung's supplier network.
Persons: Choi Jinseog, Choi, Kim Pilsung, Stephen Coates Organizations: Samsung Electronics, Prosecutors, Samsung, Jin Semiconductor, Thomson Locations: SUWON, South Korea, Korean, KS, China, South, Suwon, Seoul
SEOUL, June 30 (Reuters) - A South Korean chip executive imprisoned over industrial espionage charges rejected allegations he had sought to build a copycat chip factory in China with sensitive information developed by Samsung Electronics. Choi is in custody at a detention centre in Suwon, a city south of Seoul where Samsung has its headquarters. Neither Foxconn or companies contracted build the Samsung plant were accused of any wrongdoing. A NAND flash chip is a storage chip that retains data even when a device is turned off, unlike a DRAM chip which loses data when the power is off. "What we were planning to build was a R&D fab and there is no R&D fab at (Samsung's) Xian plant.
Persons: Choi Jinseog, Choi, Taiwan's Foxconn, aren't, Foxconn, Kim Pilsung, XIAN Choi, Roh Hwa, Kim, Heekyong Yang, Josh Ye, Ben Blanchard, Miyoung Kim, Lincoln Organizations: Samsung Electronics, Reuters, Prosecutors, Samsung, Hai Precision Industry Co, Thomson Locations: SEOUL, Korean, China, KS, Xian , China, Suwon, Seoul, Xian, Qingdao, South, Hong Kong, Taipei
Yonhap via REUTERSSEOUL, Dec 8 (Reuters) - South Korea ordered striking truckers in the steel and petrochemical industries to return to work on Thursday, widening a back-to-work decree beyond the cement industry amid a prolonged nationwide strike that has disrupted supply chains. During opening remarks at a televised meeting of the country's cabinet, Prime Minister Han Duck-soo told the members to issue the "start work" order. Tens of thousands striking truckers are demanding a minimum wage programme be permanent and broader. Last week, the government issued a "start work" order to force 2,500 striking drivers in the cement industry back on the road. The "start work" order last month was the first time the government had forced striking workers back on the job.
Land Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport. The Korea Oil Station Association is asking gas station owners to secure enough inventory ahead of the strike, an association official said on Wednesday. "We learned some lessons from the last strike," said the official, who declined to be named because of the sensitivity of the issue. The transport ministry had said some 7,000 people participated in the June strike, while the union said more than 22,000 took part. The Korea International Trade Association, a shippers' body, said on Wednesday that it has created a task force to handle any disruptions and minimise trade damage.
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