ThyssenKrupp to invest $500 mio in Korea
German based steel producer ThyssenKrupp reportedly plans to invest $500 million in
Korea, including establishment of North Asian research and development center, as a part of its expansion plan in Asia.
In line with the plan, 20 ThyssenKrupp executives will visit Seoul, to find local partners for investment.
With the projects to be materialized in Asia, ThyssenKrupp's sales share in the region will increase from the current 5% to 15% in the next five years.
As previously reported by SteelOrbis, ThyssenKrupp had made
investments in
China as a part of its expansion plan in Asia.