South Korean manufacturer plans $50M Memphis expansion
Hyosung Hico announced the multiyear expansion that would double the manufacturer’s capacity to produce a variety of power transformers and add more than 100 net new employees.
Sophia Surrett
There are 638 articles by Sophia Surrett :
-
September 2025
-
Transportation & Logistics -
Real Estate Central Station Hotel is for sale
The luxury hotel features commercial spaces, an outdoor patio, meeting and event spaces, and standard hotel amenities.
-
Premium
Real EstateA ‘real shame': Latest attempt to revive South Main building falls apart
Many have attempted to redevelop the Downtown site as an art gallery, food hall and more, but only a few have achieved success for a time. Now, the building is seeking new ownership — again.
-
-
August 2025
-
Premium
BusinessThis mom of 5 and artist made a line for Anthropologie and a space for other moms to create
“All the women who work for her are moms with young children who were trying to work part-time and still be at home part-time with the kids. She encourages us to use our gifts and shine in our own ways in her store while also being flexible.”
-
Premium
Food NewsFood Files: Pop-up at Good Fortune features Filipino food served family-style
Karaoke night at Good Fortune hits a new note with a new Filipino snack bar at the helm. Plus, Maciel’s on Summer Avenue is back, and Ryu Sushi owner opens new restaurant .
-
Premium
Transportation & LogisticsAirport expects 50,000 travelers Labor Day weekend
Labor Day weekend travelers are advised to arrive at the airport two hours before their scheduled departure time.
-
Premium
Transportation & LogisticsFedEx lays off hundreds in Shelby County
FedEx Corp. filed a notification with the Tennessee Department of Labor and Workforce Development detailing the layoffs at its facilities.
-
Premium
Food NewsFormer executive chef at Houston’s opening new restaurant
“Approachable fine dining is the way that I would describe it because it’s not stuffy. We want it to be personable.”
-
Premium
Food NewsFood Files: TacoNGanas adding three locations, Frutta Bowls bringing four
A popular taco truck and a place to get smoothie bowls are expanding in the Memphis area.
-
Transportation & Logistics Southwest Airlines adds more flights for three major cities
The additional flights will begin on March 6, 2026.
-
Business IP closing two mills, selling cellulose fibers business for $1.5B
Memphis-based International Paper is laying off 1,100 workers and selling its cellulose fibers business.
-
Premium
Food NewsNew cafe has soul and a signature roll
Owner Derrick Craig opened the soul food restaurant in honor of his mother, Johnnie Mae Craig, and to help revitalize South Memphis.
-
City of Memphis $50.6M in federal grants awarded to Memphis International Airport
“Memphis International Airport isn’t just the busiest cargo airport in North America; it’s a critical gateway for passengers and businesses,” said Congressman Steve Cohen in a release. “These federal resources strengthen our economy, support jobs, and ensure Memphis remains connected as a vital hub to the rest of the world.”
-
Business YMCA Memphis and Mid-South under new leadership
The Memphis nonprofit’s new leader brings almost three decades of YMCA leadership experience, including 11 years in Memphis.
-
Ford Megasite Battery production at the BlueOval City campus delayed
BlueOval SK, battery manufacturer for Ford Motor Co.’s $5.6 billion BlueOval City campus, has delayed production until 2027.
-
Premium
Real EstateHow short-term rentals like Airbnbs are regulated
Short-term rentals like Airbnb and Vrbo have transformed how homeowners rent their properties, but they’ve also sparked debates among neighbors and hoteliers.
-
Premium
BusinessDespite delays, $33M Greyhound redevelopment still going
The project, which also includes the former Schlitz Brewery, will feature both residential and commercial units.
-
Transportation & Logistics Late FedEx founder’s son nominated to company’s board of directors
“Richard possesses extensive FedEx experience and will represent the legacy and values of his father and family on the Board of Directors,” said chairman of the board.
-
Food News Tonica could open second location Downtown
The location would, in some ways, represent a homecoming and a “return to the street” where the journey began.
-
Premium
Real EstateFood Files: Board to Beers delays opening, but Cocozza is ready to party
Board to Beers delays opening by one month; Cocozza American Italian East Memphis is hosting a grand opening party this weekend.
-
Premium
Transportation & LogisticsFedEx finds new executive from outside the company
FedEx Corp. announced a former Accenture Technology executive will replace a recently exited FedEx executive.
-
Premium
Transportation & LogisticsFedEx exec will get multimillion-dollar cash payout
FedEx filings detail a cash payment and more for the former executive vice president.
-
Premium
Real EstateOne Beale developer combines its two Hyatt hotels
The combined 363-room hotel will carry the Hyatt Centric flag.
-
Premium
Spirit of Memphis‘We will keep flying, Fred’: Mourners honor FedEx founder
“He opened doors for generations of entrepreneurs to proudly go through in the Bluff City,” Memphis Mayor Paul Young said. “Fred Smith didn’t just build a company. He built belief.”
-
Business Memphis Made files for bankruptcy, looks at possible sale
“We are still open, and we’re still selling beer,” Memphis Made’s Andy Ashby told The Daily Memphian.
-