Korea battery makers at risk from reliance on China materials
South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Korea’s 2021 current account surplus misses BOK forecast
South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...
LG Energy, LG Chem deliver record results in 2021
South Korea's LG Energy Solution Ltd. and its parent company LG Chem Ltd. on Tuesday delivered their largest-ever results in 2021, as the increased ...
Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea
South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...
Hyundai, Daewoo race for ship orders after merger fails
The world’s two largest shipbuilders Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering Co. are battling it out t...
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
LG overtakes Whirlpool as top appliance maker with record 2021 sales
LG Electronics Inc. has overtaken Whirlpool Corp. as the world’s top manufacturer of home, kitchen and laundry appliances after posting record...
SKC co-invests $80 mn in battery materials maker Nexeon
Chemical materials producer SKC Co. said on Jan. 26 its consortium has completed an $80 million investment in UK battery materials startup Nexeon ...
Samsung, Lotte, POSCO to build hydrogen plant in Malaysia
Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...
SK Group to establish $835 mn green biz R&D complex
SK Group, South Korea’s third-largest conglomerate, plans to invest more than 1 trillion won ($835.3 million) in a research and development co...
Materials, parts makers drive Korea's 2021 M&A boom
Materials, components and equipment makers drove South Korea's mergers and acquisitions market to a record high last year, with smaller deals involv...
Hyundai Engineering’s new business keywords: Hydrogen, mini reactors
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...
Hanwha Solutions shares rebound to near 40,000 won mark
Hanwha Solutions Corp. shares are rebounding after a two months-long slide. The bounce back comes on the back of expectations that its operating pro...
Hyundai to sell half of cars in US with eco-friendly models by 2030
Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...
Samsung Electronics to open its eco-friendly tech to competitors
LAS VEGAS – Samsung Electronics Co. has announced that it will make its eco-friendly technologies openly available to its competitors as part ...
LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea
South Korea’s top chemical maker LG Chem Ltd. will partner with China’s Zhejiang Huayou Cobalt Co. to launch a battery material joint ve...
Hyundai’s Chung charts vision as top-tier eco-friendly auto brand
South Korea’s top automaker Hyundai Motor Group on Monday set out its vision to be a top-tier eco-friendly auto brand with its focus on electr...
Hyundai Motor unveils world’s first hydrogen garbage truck
Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...
POSCO mothballs Korea’s oldest blast furnace for carbon neutrality
Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...
Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn
South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...
Hyundai Engineering to make hydrogen from plastic waste
Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...
Rechargeable battery shares slump to lowest level in a year
Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...
GS E&C secures €70 mn green loan from BNP Paribas for warehouses
South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...
POSCO approves holding company plan for eco-friendly business
South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...
Korea's EcoPro BM to build first overseas plant in Hungary
EcoPro BM Co., South Korea’s top cathode materials producer, has decided to set up its first overseas plant in Hungary.EcoPro BM on Dec. 9 ann...
Korea textiles reborn as eco-friendly, high-tech
South Korea’s textile sector is reviving as a high value-added growth business with advanced technology. The business, once a leading industry...
Hyundai Oilbank to make building, paper materials with carbon
South Korean refiner Hyundai Oilbank Co. is set to produce eco-friendly materials for construction and paper with by-products of refining as it seek...
POSCO Chemical, GM to launch new battery material JV in US
South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...
SK’s holding firm completes merger with materials arm
SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...
