South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Once a videotape maker, Cosmo reborn as battery materials firm
Cosmo Advanced Materials & Technology Co., once the world’s largest video and cassette tape maker, has transformed into a money-making man...
Samsung SDI to showcase solid-state battery tech at InterBattery 2023
South Korea's leading secondary battery maker Samsung SDI Co. has announced its participation in Korea's largest battery exhibition, InterBattery 20...
S.Korea's hy to export eco-friendly refrigerated carts to Cambodia
hy Co., a South Korean distribution company, said on Tuesday that it will export its ride-on refrigerated electric carts “Cold & Cool&rdqu...
Apple Pay to launch in South Korea on March 21
Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.With th...
SK Ecoplant targets European waste battery recycling market
SK Ecoplant Co., its Singaporean subsidiary TES-AMM, and domestic eco-friendly business and secondary battery materials leader Ecopro Co. are poised...
LG Energy, SK On to showcase LFP battery prototypes at InterBattery 2023
LG Energy Solution Ltd. and SK On Co. will showcase their lithium iron phosphate (LFP) battery prototypes next week, as the two South Korean battery...
Yoon’s US visit to test Biden’s trust as ally over chip, battery issues
South Korean President Yoon Suk Yeol’s summit meeting with his US counterpart Joe Biden next month will celebrate 70 years of the Korea-US sec...
S.Korea's builders diversify biz portfolios to waste battery, other sectors
South Korea's construction companies are exploring other sectors to find new growth engines amid deteriorating profitability in the housing industry...
Korean lawmakers mull higher chip tax credits, battery subsidies
South Korea’s main opposition party will propose higher tax credits and subsidies for domestic chipmakers and battery manufacturers as early a...
LG Electronics makes 100 millionth unit of core motor for washing machines
LG Electronics Inc. on Sunday said it produced late last month its 112 millionth unit of the inverter direct drive (DD) motor for its washing machin...
Samsung SDI, GM to build $3.8 bn EV battery plant in US
Samsung SDI Co., the world’s No. 6 electric vehicle battery maker, is set to build a plant in the US with General Motors Co., spending about 5...
Samsung SDI wins $95 mn EU aid for Hungary battery plant
Samsung SDI Co. has secured €89.6 million ($95 million) in subsidies from the European Union for its first electric vehicle battery plant in Hu...
SK Materials makes equity investment in ION for CO2 capture partnership
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...
SK Ecoplant launches 4th plant in US
South Korea's environment-focused energy company SK Ecoplant Co. on Thursday said it added a base for recycling electrical and electronic waste and ...
S.Korea’s exports drop for 5th straight month in Feb on plunging chip sales
South Korea’s exports shrank 7.5% year over year in February on a plunge in shipments of its mainstay export item semiconductors amid the glob...
Inflation casts shadow over S.Korea NPS' hedging strategies
South Korea’s National Pension Service (NPS), with 920.4 trillion won ($694.6 billion) in assets as of November 2022, faces growing concerns o...
Battery material maker EcoPro Materials eyes $2.3 billion IPO
EcoPro Materials Co., a unit of South Korea’s battery materials group EcoPro Group, is looking to list its shares on the country’s main ...
Kolon Plastics to make eco-friendly products from marine waste
Kolon Plastics Inc. said on Tuesday that it has signed an agreement with Netspa, a South Korean recycling social venture, to jointly develop enginee...
Korea’s L&F in $2.9 billion deal to supply battery material to Tesla
South Korea’s leading battery materials maker L&F Co. said on Tuesday it has signed a $2.91 billion deal to supply cathode, a key electric...
Samsung leader eyes solid-state batteries as future growth engine
Samsung Group appears set to up its investment in solid-state batteries, a game changer in the electric vehicle sector, as South Korea’s top c...
AmCham pledges to make S.Korea Asia's top biz hub
The American Chamber of Commerce (AmCham) in South Korea on Thursday said it seeks to make the nation Asia's top business hub on the 70th anniversar...
Samyang to develop biomaterials for battery heat management
South Korea’s Samyang Corp. signed a partnership agreement with local tech venture Nano Tim on Feb. 20 to jointly develop thermal interface ma...
Ford, LG Energy to build Turkey EV battery plant for Europe
US automaker Ford Motor Co. and South Korean battery manufacturer LG Energy Solution Ltd. are targeting the electric commercial vehicle sector in Eu...
SK On resumes Ford F-150 Lightning battery production line
SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...
Will CATL’s bargain sales hurt Korean EV battery makers?
China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...
Chip designers in high demand despite industry slowdown
The semiconductor industry is reeling from a chip supply glut amid a broader global economic slowdown. However, as the saying goes, every cloud has ...
LG Chem invests $75 million in Piedmont Lithium, signs supply deal
LG Chem Ltd., South Korea’s largest chemicals maker, said on Friday it is acquiring a 6% stake in Piedmont Lithium Inc., a US mining company, ...
S.Korea's battery industry looks for staff fluent in European languages
South Korea's battery companies are seeking human resources fluent in the languages and familiar with the cultures of countries where plants are loc...
SK Enmove stresses pursuit of energy efficiency: CEO
"This year is the first year of SK Enmove's process of becoming an energy-efficiency company," said Park Sang-kyu, CEO of SK Enmove, a lubricant sub...
