Electric Energy Show 2023
Scope
Date
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Korean chipmakers
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
Jul 20, 2022 (Gmt+09:00)
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Entertainment
Seoul to lure visitors with themed tours, video featuring BTS
Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...
Jul 19, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Supernal showcases flying electric car at UK air show
Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...
Jul 19, 2022 (Gmt+09:00)
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ESG
LG Uplus aims to recycle 100% of industrial waste in 3 years
LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...
Jul 18, 2022 (Gmt+09:00)
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Future mobility
SK Telecom to take lead in UAM biz with telco know-how
BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...
Jul 17, 2022 (Gmt+09:00)
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Future mobility
Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023
South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...
Jul 15, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai’s IONIQ 6 travels faster, farther than Tesla Model Y, Mercedes EQS
BUSAN – Hyundai Motor Co. has launched the IONIQ 6, its first fully electric sedan, which it claims runs faster and boasts a longer range than...
Jul 14, 2022 (Gmt+09:00)
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Batteries
SK On, Ford launch battery JV for N.America EV market
South Korea’s battery maker SK On Co. and US automaker Ford Motor Co. on Wednesday officially launched a joint venture for the North American ...
Jul 14, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
Jul 12, 2022 (Gmt+09:00)
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Advertising & Marketing
Adtech unicorn Moloco eyes global expansion with former Disney exec
Moloco Inc., an AI-powered advertising solutions startup, is set to accelerate its global business with a new executive hire from The Walt Disney Co...
Jul 12, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver executives’ treasury share sale may signal business slowdown
Executives at South Korea’s platform giant Naver Corp. are selling their shares in the company, an indication that the company’s busines...
Jul 08, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec's Q2 earnings signal end of upward run
Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months before, reversing its ...
Jul 07, 2022 (Gmt+09:00)
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Batteries
LG Energy to supply $765 million batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
Jul 05, 2022 (Gmt+09:00)
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ESG
Korean firms with high ESG scores show great P/E ratios
South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...
Jul 05, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to launch London office in view of growth opportunities in Europe
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is preparing to open a business office in London as it sees growth op...
Jul 04, 2022 (Gmt+09:00)
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Batteries
LG Energy surrenders No. 2 EV battery position to BYD
LG Energy Solution Ltd., South Korea’s leading battery maker, gave up its second-largest position in the global electric vehicle cell market...
Jul 04, 2022 (Gmt+09:00)
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Energy
Hyundai Motor scraps LNG plant construction plan
Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...
Jul 01, 2022 (Gmt+09:00)
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Energy
Doosan Enerbility, Siemens' affiliate sign MOU for wind power business
Doosan Enerbility Co. announced Sunday it has signed an initial memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy S.A. (SGRE) i...
Jun 27, 2022 (Gmt+09:00)
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Energy
SK Ecoplant to inject $100 mn in Korean solar energy firm Topsun
South Korea's top waste management company SK Ecoplant Co., a unit of conglomerate SK Inc., is slated to complete talks to invest 130 billion won ($...
Jun 23, 2022 (Gmt+09:00)
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Energy
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
Jun 23, 2022 (Gmt+09:00)
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Batteries
Falling nickel prices: A boon for Korean battery makers over Chinese rivals
South Korea’s three battery players – LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. – are getting a tailwind from the fal...
Jun 21, 2022 (Gmt+09:00)
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Aerospace & Defense
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Jun 20, 2022 (Gmt+09:00)
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Energy
POSCO to treble natural gas production in Australia by 2025
South Korea’s POSCO International Co. plans to more than treble the natural gas production from the two gas fields of its newly-acquired Austr...
Jun 17, 2022 (Gmt+09:00)
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Economy
Korea Inc. hit by rising commodity prices, weak won, supply crisis
South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...
Jun 15, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Jun 15, 2022 (Gmt+09:00)
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Energy
Danfoss installs energy-saving heating systems in Korea's tallest building
SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...
Jun 14, 2022 (Gmt+09:00)
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Energy
SK to invest $30 mn in ammonia-based power solutions developer Amogy
SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...
Jun 14, 2022 (Gmt+09:00)
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Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers