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The Korea Herald

Industrials

December 08, 2020
Posco International invests in local laser cutting application firm

Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclo...
December 01, 2020
SK sets up hydrogen business group

SK Group is poised to make a big bet on the rising hydrogen market, seeing the fuel as a next-generation eco-friendly energy source. SK Holdings said on Dec. 1 that it established a hydrogen business promotion group, an organization dedicated to the hydrogen project consisting of about 20 experts...
November 27, 2020
Hanwha Systems wins $40m space radar development deal

Hanwha Systems said on Nov. 27 that it has won a deal worth 45 billion won ($40.7 million) to develop a next-generation space radar that can detect and track space objects with precision. According to the defense and information technology service unit of Hanwha Group, it has won the Defense Indu...
November 27, 2020
News of potential deal with Tesla boosts Doosan Solus stocks

Doosan Solus stocks rose to 49,400 won ($44.70) on Friday, a 6.7 percent increase from a day prior, following a local news report that the company is in talks with Tesla to supply electric copper foil for vehicles in Europe. According to the news report, the material solutions unit of Doosan Grou...
October 19, 2020
S-Oil invests in startup developing safe water solution

S-Oil announced on Oct. 19 that the company would secure certified emission reductions by helping a local startup specializing in developing solutions designed to improve access to safe water in developing countries. S-Oil will purchase certified emission reductions of around 13,000 metric tons o...
October 08, 2020
Hyundai Oilbank to operate 200 EV charging stations by 2023

Hyundai Oilbank announced on Oct. 8 it plans to grow the number of its electric vehicle charging stations to 200 by 2023. The petroleum and refinery company currently operates 20 charging stations for electric cars, but a partnership agreement signed with Charzin, a company specializing in electr...
September 22, 2020
SK hynix invests in group’s first AI entity Gauss Labs

SK hynix on Sept. 22 announced its investment in an artificial intelligence solutions company Gauss Labs that will lead SK Group’s future value creation. The chipmaker will invest $55 million in Gauss Labs as the sole investor through 2022. Last month, Gauss Labs opened its headquarters in Cal...
September 21, 2020
LG Chem to decide acquisition of Nissan factory in Spain within this month

LG Chem is expected to notify the Spanish government within this month as to whether it will take over Nissan’s factory in the country to turn it into a battery plant, according to local media reports Monday. To salvage the Nissan plant in Barcelona that is scheduled for closure in December 202...
September 18, 2020
Hanwha Q Cells makes first solar modules in Korea to acquire grade 1 carbon certification

Hanwha Q Cells said Friday that it has become the first company to receive the highest grade under the government’s carbon certification program for solar modules. According to the South Korean solar cell and module manufacturer, seven of its solar modules earned grade 1 certification from the I...
August 10, 2020
HMM sells stake in Algeciras terminal

HMM said on August 10 it has secured stable business for Spain’s container terminal Total Terminal International Algeciras through strategic partnership with French shipping company CMA CGM. The South Korean shipping firm said it has signed a contract to sell a 50 percent stake in Algeciras cont...
August 10, 2020
SK makes world’s 1st NCM battery with 90% nickel

SK Innovation will commercialize the world’s first nickel cobalt manganese (NCM) batteries that contain 90 percent nickel, according to industry sources on August 10. The South Korean battery maker will supply lithium-ion batteries that contain 90 percent nickel, 5 percent cobalt and 5 percent m...
June 30, 2020
Hyundai Steel to ramp up ultrahigh products for carmakers

Hyundai Steel said on June 30 it will speed up the development of high-strength steel materials to gain an upper hand in the global automobile market. This year, the steelmaking arm of Hyundai Motor Group aims to supply 1 million tons of steel plates to leading car makers across the globe through ...
June 29, 2020
Eastar Jet founder vows to return all family shares to revive Jeju Air’s acquisition

Korean budget carrier Eastar Jet founder Lee Sang-jik, who is also a member of the ruling Democratic Party of Korea, said Monday that the ownership family will contribute all their shares, worth around 41 billion won ($34.2 million), to Eastar Jet to “save the company,” amid growing uncertainty i...
June 15, 2020
Asiana to expand capital with additional shares, bonds

Asiana Airlines held an extraordinary shareholders meeting on June 15, and voted to raise capital by increasing shares and issuing convertible bonds. The South Korean flag carrier put to a vote its decision to revise its articles of association, calling for an increase in the total number of issu...
June 09, 2020
SK Innovation’s EV battery material subsidiary seeks IPO

SK Innovation’s wholly owned subsidiary SK IE Technology, which makes separators for electric vehicle batteries, said on June 9 it will seek an initial public offering. Separator is one of the four key components of a lithium-ion battery, along with the cathode, anode and electrolyte. Accordin...

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