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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 d...
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...
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 Def...
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 Gro...
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...
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...
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 headquarter...
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 Decem...
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...
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 per...
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 v...
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 unce...
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...
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. A...
A group of independent experts has criticized the World Health Organization for its stance on new technology in the tobacco and vaping industry, calling the organization backward-looking and saying it lacks innovation. The experts, who claim no conflicting links to the tobacco or vaping industry, ...
LG denies decision to pull out of 4th battery plant with GM
Lotte Duty Free wins rights to run Melbourne Airport shops
Hyundai-Kia EVs post double-digit market share in Europe
Korean biotech lobby expresses concerns over Biden executive order
Import car sales hit record high in 2022
Key takeaways of eased rules for foreign investors
Popeyes makes strong Korean comeback
Hyundai surpasses 1 million EV sales
January 27, 2023
