POSCO Chem, OCI to produce previously imported battery material in Korea
POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...
Hyundai Oilbank to make hydrogen fuel cell components from 2023
Hyundai Oilbank Co. will enter the hydrogen fuel cell components market by building separator production plants within this year with commercializat...
POSCO Chemical to expand EV battery materials capacity in China
South Korea’s POSCO Chemical is set to bolster production capacity of electric vehicle battery materials in China, the world’s top batte...
KT makes partial exit from travel platform Yanolja
South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...
Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells
Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...
LG Chem to spend $2.2 billion to build 10 new eco-friendly factories
LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...
Hydrogen tank maker Iljin Hysolus to make Kospi debut Sept. 3
South Korea’s leading hydrogen tank maker Iljin Hysolus Co. will be listed on Kospi on Sept. 3, according to the company’s IPO briefing ...
BlackRock Real Assets makes first Korean solar investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired an unspecified stake in Brite Energy Partners ...
OTT startup Watcha expands into music distribution service
South Korea-based over-the-top (OTT) startup Watcha Inc. is ramping up efforts to transform into a comprehensive content data company as it expands ...
LG Energy signs long-term battery materials deal with Australian Mines
South Korea’s LG Energy Solution Ltd. said on Monday it has signed a long-term contract to receive key battery materials from Australian Mines...
Battery recycling: Carmakers, battery companies in new turf war
With electric vehicles increasingly going mainstream, the world’s major carmakers and battery companies face another type of turf war: battery...
Samsung SDI may build battery plant in Illinois
e Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is considering building its first US battery plant in central Il...
Samsung SDI may build battery plant in Illinois
Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, is considering building its first US battery plant in central Illin...
S.Korean telcos accelerate diversification amid strong Q2
South Korea’s two largest telecom companies, SK Telecom Co. and KT Corp., have both delivered strong second-quarter results driven by rapid gr...
LG Chem to power China battery plants with 100% renewable energy
South Korea’s LG Chem Ltd. says it is powering its two battery component plants in China with 100% renewable energy purchased from Chinese p...
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Rubber gloves make Korean petrochemical firms’ Q2 profit soar
South Korea’s leading petrochemical makers report their second-quarter sales and operating profit soared, boosted by strong sales of rubber gl...
SK's battery unit split-off drives polarized responses
The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...
Hyundai Motor to make equity investment in Germany’s H2 Mobility
Hyundai Motor Co. is investing in H2 Mobility Deutschland GmbH & Co., a German operator of hydrogen fueling stations, as the top South Korean au...
SK Innovation to split battery unit in October, seeks IPO
South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...
Samsung Group joins Kakao in Bank of Korea’s digital currency project
Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...
Korea July exports hit record on strong chip, auto demand
South Korea’s exports hit a record high in July on strong shipments of both main products such as cars and chips, as well as new growth ones i...
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...
Korea’s steel stocks make big rebound with rosy H2 outlook
The share prices of South Korea’s major steelmakers, which observed a period of a downturn over the last two months, is making a rebound amid ...
Surging battery material costs put roadblock to EV growth
Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Metaverse platform Maxst makes strong debut on Kosdaq
South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
PEFs claim one-third of S.Korea's M&A deals in H1
Private equity firms (PEFs) have participated in one in every three buyout deals involving South Korean companies in the first six months of the yea...
