South Korea

Deals/Contracts/Partnerships

• 1

  South Korea's Hyundai Shipbuilding group, together with Siemens, plans to develop a new CAD software adapted specifically for ship design that is based on NX CAD and will help shipyards accelerate digital transformation. Teamcenter will play a crucial role in this setup, as well.

  Q2(Apr-May-Jun), 2022

• 2

  Ricardo wins contract with STX Engine to develop a new heavy duty engine for the defence sector. Ricardo will apply its high efficiency and low smoke combustion system experience to ensure that the new engine can meet the desired high power density, with desired fuel consumption and durability targets.

  Q4(Oct-Nov-Dec), 2021

• 3

  A good 360-degree partnership between HCL and HANCOM. HCL will help in product R&D for HANCOM in its India center and HANCOM will help HCL in the South Korea market.

  Q3(Jul-Aug-Sep), 2021

EIIR Provider Solutions/Capabalities

• 1

  Accenture is returning back to South Korea, six years after its exit from the country, through a joint venture with Korean IT service leader LG CNS fro synergy in digital transformation.

  Q3(Jul-Aug-Sep), 2022

• 2

  dSPACE Moves Closer to its Customers in South Korea. The new company with headquarters in Seoul will bring expertise as a partner for simulation and validation directly to Korean automotive customers.

  Q2(Apr-May-Jun), 2021

EIIR Buyer GIC/R&D Best Practices/Solutions

• 1

  South Korean startup Rebellions releases ATOM chip to challenge Nvidia?s AI chip

  Q1(Jan-Feb-Mar), 2023

• 2

  Korea Aerospace Industries KAI to set up advanced air mobility research centre in South Korea. The centre will be used for both ground tests as well as flight tests. It will also work on developing an eVTOL.

  Q1(Jan-Feb-Mar), 2023

• 3

  Korea Aerospace Industries KAI to set up advanced air mobility research centre in South Korea. The centre will be used for both ground tests as well as flight tests. It will also work on developing an eVTOL.

  Q1(Jan-Feb-Mar), 2023

• 4

  ASML decided to invest US$10 million to build a production factory and a research and development center in South Korea.

  Q4(Oct-Nov-Dec), 2022

• 5

  ASML is building a US$181 million chip cluster in Hwaseong, some 40 kilometers south of Seoul, which will include a local repair center, training center, R&D center for parts, and education and experience center.

  Q4(Oct-Nov-Dec), 2022

• 6

  Airbus Defense & Space is Expected to Build R&D Center in South Korea.

  Q4(Oct-Nov-Dec), 2022

• 7

  BorgWarner will open a R&D center in Daegu, South Korea ffor EV motors.

  Q4(Oct-Nov-Dec), 2022

• 8

  Hanwha Aerospace, a major defense company in South Korea, is revamping its business model to maximize synergy among defense units to emulate Lockheed Martin?s success.

  Q3(Jul-Aug-Sep), 2022

• 9

  Samsung Electronics broke ground at a new semiconductor R&D complex in South Korea, where it plans to invest about $15 billion by 2028 to drive leadership in chip technology.

  Q3(Jul-Aug-Sep), 2022

• 10

  HANMI Semiconductor has opened a 'micro SAW' R&D center at its headquarters in Incheon, South Korea for the development of micro SAW products.

  Q3(Jul-Aug-Sep), 2022

• 11

  Lam Research opens $100m R&D center in Korea

  Q2(Apr-May-Jun), 2022

• 12

  LG Household & Health Care (H&H), a major South Korean producer of cosmetic and health care products, has opened a new research and development (R&D) center in Hokkaido, Japan, focusing on microbiome beauty products.

  Q2(Apr-May-Jun), 2022

• 13

  Umicore inaugurated its new global R&D center for cathode materials in Cheonan, Korea. in order to meet the constantly evolving cathode requirements for automotive, energy storage system (ESS) and portable electronics applications. Product research will continue to focus on next-generation battery materials, including very high-nickel NMC, low cobalt NMC, manganese-rich chemistries as well as solid-state battery materials technology.

  Q2(Apr-May-Jun), 2022

• 14

  Hankook Tire opens Asia's largest tire test track in Taean South Korea.

  Q2(Apr-May-Jun), 2022

• 15

  Applied Materials has decided to build the R&D center in South Korea because it felt the need to cooperate with large Korean semiconductor manufacturers Samsung Electronics and SK Hynix.

  Q2(Apr-May-Jun), 2022

• 16

  Posco has opened a new research and development center, called Posco N.EX.T Hub, to work on AI, secondary battery materials and hydrogen and low-carbon energy. Posco N.EX.T Hub, located in Samseong-dong. Its AI research unit willl explore technology strategies and expedite the group’s transformation of manufacturing process through AI models. The secondary battery material research division will lead pilot studies to produce new products in the field of anode, cathode and lithium materials. The hydrogen and low-carbon energy research body will promote the development of hydrogen and carbon capture and storage technology to make the current steelmaking process more eco-friendly and ultimately complete a hydrogen mass production system.

  Q1(Jan-Feb-Mar), 2022

• 17

  Shipbuilding conglomerate Hyundai Heavy Industries Group is building a global R&D center with 19 above-ground floors in Pangyo. The R&D center is scheduled to be completed in the latter half of this year. About 5,000 R&D employees from the group’s seven affiliates are expected to work at the new center.

  Q1(Jan-Feb-Mar), 2022

• 18

  SK Telecom, SK hynix and SK Square will invest 1 trillion won ($833 million) this year in technologies such as advanced semiconductors, artificial intelligence, blockchain and the metaverse. The three affiliates of SK Group will form a tech alliance and will create and 1 trillion won investment fund.

  Q1(Jan-Feb-Mar), 2022

• 19

  South Korean energy and chemicals conglomerate SK Group announced it would build a new centralised research and development (R&D) centre to strengthen the development of ‘green energy’ technology. The US$834m facility, to be located in Bucheon, near Seoul, would employ 3,000 people from key subsidiary companies including SK Innovation and its EV battery manufacturing spin-off SK On, SK Energy Company and SK Inc.

  Q1(Jan-Feb-Mar), 2022

• 20

  Doosan to build R&D center in Yongin, South Korea to ramp up hydrogen biz.

  Q4(Oct-Nov-Dec), 2021

• 21

  SK Group’s energy unit SK E&S Co. and Plug Power will set up a 51:49 joint venture to build a Giga Factory & R&D Center in a key metropolitan area in Korea by 2024. The facilities that will mass produce key facilities for hydrogen projects will be used to their advance into hydrogen markets in Asia.

  Q4(Oct-Nov-Dec), 2021

• 22

  ASML to Build Repair Center and Training Center for Engineers in Hwaseong

  Q4(Oct-Nov-Dec), 2021

• 23

  German chemical giant BASF opened a new R&D center in South Korea for engineering plastics that are widely used in automotive and consumer electronics, as part of an expansion in the Asian market.

  Q4(Oct-Nov-Dec), 2021

• 24

  BMW Group Korea s has signed an initial pact with a provincial government to build a R&D center to provide advanced mobility services to local customers.

  Q4(Oct-Nov-Dec), 2021

• 25

  The Hyundai Motor Group has shutdown its engine development division at its Namyang R&D Center in South Korea and the entire team that worked on conventional powertrain systems will now develop electric vehicle (EV) drivetrains.

  Q4(Oct-Nov-Dec), 2021

• 26

  Hyundai launches ‘Factory Safety Service Robot’, to go into pilot operation at Kia’s plant in South Korea in support of site safety.

  Q3(Jul-Aug-Sep), 2021

• 27

  Hyundai Motor to Pilot Autonomous Demand-Responsive ‘RoboShuttle’ Service

  Q3(Jul-Aug-Sep), 2021

• 28

  Apple has announced that it is opening a new Developer Academy and Manufacturing and R&D Centre in South Korea.

  Q3(Jul-Aug-Sep), 2021

• 29

  Samsung Heavy Industries, one of three Korean shipyard majors, has become the first company to operate an LNG production, storage and delivery technology pilot test plant for shipbuilding and offshore business. It has also openeed R&D center which will lead do research on natural gas liquefaction and re-liquefaction process; gas engine and fueling system; cryogenic insulation storage container; regasification and cold power generation; and localization of LNG –related equipment.

  Q2(Apr-May-Jun), 2021

• 30

  Intellian opens R&D centre in South Korea. antennas using emerging phased array technology will benefit from a new compact test range to assist with development and testing.

  Q2(Apr-May-Jun), 2021

• 31

  Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), is partnering with South Korean operator KT SAT, subsidiary of the world’s first 5G commercial service provider Korea Telecom, to lead 5G demonstration using the geostationary Koreasat 5A telecommunication satellite to provide 5G network to remote areas. KT SAT will use 5G backhauling as the first stone of satellite integration in the 5G world.

  Q1(Jan-feb-Mar), 2021

Other News

• 1

  Volvo Construction Equipment has announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling once again its ambition to drive industry transformation with sustainable solutions.

  Q1(Jan-Feb-Mar), 2023

• 2

  Volvo Construction Equipment has announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling once again its ambition to drive industry transformation with sustainable solutions.

  Q1(Jan-Feb-Mar), 2023

• 3

  Samsung Electronics will build five new domestic semiconductor plants in what the government said was a 300 trillion won ($230 billion) investment over the next approximately 20 years, part of the global race to secure supply chains in the chip industry.

  Q1(Jan-Feb-Mar), 2023

• 4

  Hyundai Heavy Industries renames itself HD Hyundai.

  Q4(Oct-Nov-Dec), 2022

• 5

  Nokia and Contela collaborate on private wireless 5G network solutions for Korean public sector

  Q2(Apr-May-Jun), 2022

• 6

  The successful launch of South Korea?s homegrown space rocket Nuri added the country as the seventh nation in the world to have developed a space launch vehicle that can carry a satellite of more than 1 ton. The list begins with Russia, the US and France. China, Japan and India later joined the exclusive club of spacefaring nations.

  Q2(Apr-May-Jun), 2022

• 7

  Ericsson partners on 5G Core with SK Telecom to facilitate new mobile services

  Q4(Oct-Nov-Dec), 2021

• 8

  LG Chem and Coupang Join Hands To Recycle The Plastic Waste From Deliveries. Eco-friendly project created through partnership between Korea’s largest chemical and e-commerce companies.

  Q3(Jul-Aug-Sep), 2021

• 9

  Nokia to deploy indoor 5G small cells solutions with LG Uplus in South Korea

  Q2(Apr-May-Jun), 2021

• 10

  Magnachip, spun off from South Korea’s SK hynix has been sold to a Chinese private equity fund for $1.4 billion. Magnachip designs and produces display driver ICs for organic light-emitting diode panels and some automotive chips, including power management ICs. The company raised $570 million in sales.

  Q1(Jan-feb-Mar), 2021

• 11

  South Korea unveils $43 billion plan for world’s largest offshore wind farm

  Q1(Jan-feb-Mar), 2021

Previous Data

• 1

  Hyundai Mobis to setup EV Module Production Center in Pyeongtaek. Company’s first such plant in Seoul metropolitan area will supply automotive parts, to be supplied for the production of 150,000 EV units.

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• 2

  Hyundai Motor to Accelerate Urban Air Mobility Test Flights in Partnership with Incheon Airport, Hyundai Construction, KT

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• 3

  LG Chem has succeeded in flight testing of an unmanned vehicle at the highest altitude using the next generation battery for the first time in Korea.

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• 4

  Umicore SA, a global major in the cathode materials sector that is based in Belgium, will invest $30 million to build its largest research and development center in Asia in South Korea’s Cheonan, South Chuncheong Province. It will be the largest in size ever built by the Belgian company in Asia.

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• 5

  Samsung becomes the first private firm in South Korea to have a private COVID-19 testing facility in its campus.

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• 6

  SEOJIN Industrial, which manufactures for Hyundai and Kia, among others, has placed a major order with KUKA: 185 KUKA robots, to be used in Korea for welding and handling tasks.

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• 7

  Apple Korea to pay US$84 million to compensate iPhone users and set up R&D center.

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