On May 25, POSCO announced the completion of a “giga steel” specialized complex processing plant at its local processing center in China, POSCO-China Suzhou Processing Center (CSPC). The new facility has been established in response to the surging demand for electric vehicles.POSCO operates foreign
LG Chem recently signed an MOU with Wuxi City in Jiangsu Province, China, to establish a technology center.Under this agreement, LG Chem will invest about 30 billion won to build the Huadong Tech Center in Wuxi City. The center is designed to provide technical support to local clients and develop ne
Lotte Shopping will sell off 21 Lotte Mart discount and supermarket stores in Beijing to local distributor Wumei.Lotte Shopping is also accelerating the withdrawal of its operations in other Chinese cities. Talks are underway with local distributors to dispose of Lotte Mart stores in Shanghai, Chong