LG Energy Solution diversifies supply chains to respond to US IRA

LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...

Hyundai Mobis to build $69 mn integrated logistics center in Korea

South Korea’s largest auto parts maker Hyundai Mobis Co. said on Thursday it will spend 94.8 billion won ($69 million) to build an integrated ...

Korea's SK E&S to produce 30,000 tons of liquid hydrogen per year

SK E&S, the energy affiliate of SK Group, from next year will start domestic output and distribution of up to 30,000 tons of liquid hydrogen ann...

Samsung Heavy develops liquefied hydrogen fuel cell system

Samsung Heavy Industries has succeeded in developing a liquefied hydrogen fuel cell system for use in marine propulsion. The electric power is ...

POSCO International to invest $2.6 billion in energy operations

Korea's POSCO International, the trading arm of POSCO Group, on Friday formally merged with POSCO Energy, which handles liquefied natural gas (LNG) ...

Public-private battery alliance launched to source critical minerals

The South Korean government, in tandem with the private sector, launched a battery alliance on Tuesday in a bid to support the companies in sourcing...

Korea should open retail electricity market for renewables

South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...

LG Chem posts strong Q3 earnings, buoyed by battery business

South Korea’s top chemicals company LG Chem Ltd. on Monday posted strong third-quarter sales and profit as gains at its battery affiliate offs...

Energy transition investment needs flexible approach: Ares Management

As energy transition is a new sector in infrastructure compared with other asset types, institutional investors are seeking asset managers highly ex...

Samsung SDI beats CATL in EV battery operating margin

Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...

Korean EV charging startup to launch business in Indonesia

South Korea’s electric vehicle charging platform startup is set to make inroads into Indonesia, a prospective EV market with the world’s...

LG Energy set to ink graphite deal with Australia’s Syrah Resources

South Korea’s LG Energy Solution Ltd. said on Thursday it has signed an initial agreement to explore graphite procurement from Australia&rsquo...

LG Energy, POSCO join forces for EV battery business

LG Energy Solution Ltd. and POSCO Holdings Inc. have joined hands to enhance their competitiveness in the global electric vehicle battery sector and...

POSCO, GS Energy to launch $121 million battery recycling joint venture

POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, and GS Energy Corp., the energy unit of GS Group, have agreed to...

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

Korea Shipbuilding & Offshore Engineering Co. said on Wednesday it has clinched a 1.62 trillion won ($1.15 billion) order to build six methanol-...

LG Energy to launch battery swapping services

LG Energy Solution Ltd., a South Korean rechargeable battery maker, has launched two in-house ventures to enter the battery swapping and energy aggr...

Korea ramen packet maker inks $1 bn battery material deal

A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...

Hanwha agrees to buy Daewoo Shipbuilding for $1.4 billion

South Korea's leading weapons manufacturer Hanwha Group agreed on Monday to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering ...

LG Energy in cobalt, lithium deals with three Canadian suppliers

South Korea’s LG Energy Solution Ltd. said on Friday it has signed battery materials supply deals with three Canadian minerals companies &ndas...

SK's Chey, Zambian president discuss EV battery material deal

South Korea’s SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema to discuss potential mineral deals in core mate...

Only 3 Korean energy companies make it on 2022 Fortune Global 500 list

SK Inc., KEPCO Co. and GS Caltex Corp. are the only South Korean firms among the 77 energy companies listed on the 2022 Fortune Global 500, based on...

Ford CEO heads to Korea to discuss EV tax credit with LG Energy, SK On

Ford Motor Co. Chief Executive Jim Parley will visit South Korea early next week to meet with chief executives of its battery suppliers LG Energy So...

Hyundai faces growing rivalry with China’s BYD in Southeast Asia

Chinese electric vehicle maker BYD’s announcement last week that it will build its first overseas EV plant in Thailand is setting off alarm be...

LG Energy, KT join KED’s top 30 Korean innovator list

KT Corp. and Studio Dragon Corp. have joined the ranks of South Korea’s most innovative companies thanks to their creation of cultural produ...

Hanwha Solutions, GS Energy to produce sheets for solar power

South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...

S.Korea to raise nuclear power to one third of energy supply

South Korea plans to increase its proportion of nuclear power to 33% of the country’s energy generation by 2030, while slashing its proportion...

LG Energy, Honda to form JV for EV battery production in the US

LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...

Samsung SDI to hasten US battery plant groundbreaking

Samsung SDI Co., the world's sixth-largest battery maker, is set to push forward the start of its plant construction in the US by two months in resp...

POSCO builds EV battery recycling plant in Poland

South Korea’s POSCO Holdings has built a rechargeable battery recycling plant in Poland, in line with Europe’s tougher regulations on ba...

Hyundai Motor, LG Energy secure $710 mn for battery JV in Indonesia

South Korea’s Hyundai Motor Group and battery maker LG Energy Solution Ltd. have secured $710 million from financial institutions overseas to ...