ASML, Samsung to build R&D center in Korea for $760 mn

AMSTERDAM, Netherlands -- Samsung Electronics Co. and ASML Holding N.V. have reached a preliminary agreement to build a research and development fac...

Korea Zinc to up sales to $19 billion by 2033 with green energy

Korea Zinc Inc., South Korea’s and the world’s largest lead and zinc smelter, will accelerate its drive to foster its new growth engines...

LG Energy, KAIST develop Li-Metal battery tech for improved EV range

South Korea’s LG Energy Solution Ltd. and the Korea Advanced Institute of Science & Technology (KAIST) have developed a lithium-metal batt...

Seoul to add new aerial lifts to Namsan by 2025

Visitors to Seoul, the capital of South Korea, are expected to enjoy faster and easier exploration of the city’s famous Namsan Mountain in 202...

POSCO starts building industrial gas facilities in Pohang

South Korea’s top steelmaker POSCO started to construct an industrial gas production facility with a capacity of 250,000 tons at its seconda...

KHNP to promote i-SMR in Indonesia, Jordan

Korea Hydro and Nuclear Power Co. (KHNP) is promoting the introduction of innovative small modular reactors (i-SMR) in Indonesia and Jordan.KHNP ann...

IMM PE's value creation leads to $840 mn deal with BlackRock

When BlackRock bought a 30% stake in South Korean gas supplier AirFirst Co. for 1.1 trillion won ($842 million) from Seoul-based IMM Private Equit...

STX acquires 20% stake in lithium iron phosphate battery maker IBT

STX Corp., a South Korean general trading company, announced on Friday that it has signed a stock purchase agreement to acquire a 20% stake in the b...

HD KSOE secures $432 mn order for 4 ammonia carriers

HD Hyundai has successfully secured a contract for building mega-sized ammonia carriers worth 557.4 billion won ($432.4 million). HD Korea Shipbuild...

Orsted wins 1.6 GW offshore wind power license from Korea

Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at...

LG Energy's new CEO aims to focus on qualitative growth

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, is set to focus on qualitative growth by securing leading ...

Doosan unveils hydrogen fuel cell systems for buildings

South Korea's Doosan Corp. on Friday announced the development of hydrogen polymer electrolyte membrane fuel cell (H2-PEMFC) systems for buildings a...

GM asks LG Energy to share huge portion of US EV tax benefits

General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...

KHNP eyes Canada's nuclear energy project with ARC, NB Power

Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...

Lotte Chem develops tech to improve EV battery durability

Lotte Chemical Corp. said on Tuesday it has developed a technology to improve the durability of electric vehicle cell materials by enhancing the sta...

Daewoo E&C seeks energy infrastructure biz in Yemen

South Korea's Daewoo Engineering & Construction Co. announced on Friday that it signed a memorandum of understanding (MOU) with the Yemeni Minis...

LIG Nex1 completes USV test facility

South Korea's LIG Nex1 Co. announced on Friday that it completed a system assembly test facility dedicated to unmanned surface vehicles (USV) in Gum...

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

SK E&S partners with East Timor gov't on CCS project

South Korea's SK E&S announced on Wednesday that it signed a mutual cooperation partnership (MCP) with the East Timor Ministry of Petroleum and ...

ADNOC awards steel pipe order contracts to Korea’s SeAH

South Korea’s SeAH Steel Holdings Corp. said on Tuesday it has signed a five-year contract to provide 200,000 tons of steel pipes to Abu Dhabi...

LG Energy may produce mid-nickel EV batteries from 2024

South Korea’s LG Energy Solution Ltd. plans to mass-produce mid-nickel, high-voltage lithium batteries as early as next year, one year ahead o...

Hanyang, Air Products to co-work for green ammonia

South Korea's Hanyang Corporation announced on Thursday it signed a memorandum of understanding (MOU) with the US industrial gas company Air Product...

SK On, BASF tie up for EV battery materials business

SK On Co., the world’s fifth-largest electric vehicle battery maker, and BASF SE, a major global cell materials producer, joined forces for th...

LG, POSCO team up for unmanned robot’s facility management

LG Electronics Inc. announced on Wednesday it conducted a demonstration project for unmanned facility management using an artificial intelligence (A...

POSCO Int'l to build facility for modular in Ukraine

South Korea's POSCO International Corp. announced on Wednesday it plans to build a facility for modular in Ukraine. The company's Vice Chairman...

Korean battery makers’ broad restructuring hits US

SK On Co., South Korea’s No. 3 battery maker, has decided to furlough employees at one of its US battery factories in the state of Georgia to ...

SK Energy to spin off tank terminal business as new logistics firm

SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., is spinning off its crude oil storage and shipment business t...

LG Energy, Ford’s battery JV in Turkey scrapped as EV uptake slows

A planned battery manufacturing joint venture between South Korea’s top battery maker LG Energy Solution Ltd., US carmaker Ford Motor Co. and ...

Hyundai Mobis raises $940 mn via loan for EV parts plants in US

Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...

LG Energy, SK On to delay battery JVs with Ford as demand slows

South Korea’s leading battery makers are postponing their plans to start operations of their joint ventures with Ford Motor Co. as the growth ...