SEOUL, Jul. 25 (Korea Bizwire) — Taihan Cable & Solution Co., South Korea’s second-biggest cable company, said Thursday it has received 190 billion won (US$137 million) worth of power grid orders in the United States. With the latest orders, Taihan Cable has obtained more than 520 billion won worth of power grid contracts in the [...]
SEOUL, July 23 (Korea Bizwire) – LG Energy Solutions Ltd. (LGES) and Samsung SDI Co., South Korea’s two leading battery makers, said Tuesday they will diversify their product lineups to better compete with global rivals, particularly from China. LGES and Samsung SDI have focused on high-end lithium ion battery products, but they also need to [...]
SEOUL, Jul. 23 (Korea Bizwire) — President Yoon Suk Yeol will send special envoys to the Czech Republic to discuss follow-up measures on the European country’s selection of a South Korean consortium as a preferred bidder for a nuclear power plant project, his office said Tuesday. Sung Tae-yoon, the presidential chief of staff for policy, [...]
SEOUL, Jul. 19 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned [...]
SEOUL, Jul. 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun said Thursday that the country’s recent winning of a nuclear power project in the Czech Republic will pave the way for its active advance into the broader European nuclear energy market. On Wednesday, the state-run Korea Hydro & Nuclear Power (KHNP) was selected [...]
SEOUL, Jul. 18 (Korea Bizwire) — The planned merger of SK Innovation Co. with energy affiliate SK E&S Co. is a “structural and fundamental” decision for sustainable growth amid growing uncertainties in the EV battery and petrochemical industries, SK Innovation’s chief executive said Thursday. On Wednesday, the boards of SK Innovation and SK E&S approved [...]
SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electro-Mechanics announced on July 17 that it has developed a 2,000V multilayer ceramic capacitor (MLCC) for electric vehicle battery management systems (BMS). MLCCs are essential components in electronic circuits, ensuring stable and consistent current flow. They are widely used in various products, from smartphones to personal computers. In automobiles, [...]
SEOUL, July 17 (Korea Bizwire) – The merger of SK Innovation Co. with its affiliate SK E&S Co. is expected to create an energy giant with 106 trillion won (US$75.6 billion) in assets, marking the first step in SK Group’s restructuring as the group seeks to cut the number of its affiliates to focus on [...]
SEOUL, July 17 (Korea Bizwire) – The boards of SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, approved a proposed merger of the two companies Wednesday, creating the largest energy entity in South Korea with combined assets of 106 trillion won (US$76.5 billion). In their separate board meetings earlier [...]
SEOUL, Jul. 17 (Korea Bizwire) — SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, are set to hold separate board meetings Wednesday to discuss a proposed merger of the two companies, industry sources said. If the merger is approved, it will create the biggest energy company in South Korea, [...]