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S. Korean Battery Makers’ Global Market Share Drops amid Intensifying Competition

S. Korean Battery Makers’ Global Market Share Drops amid Intensifying Competition

SEOUL, Dec. 9 (Korea Bizwire) — Three South Korean electric vehicle battery makers saw their combined global market share fall from a year earlier in the first 10 months of 2024 amid robust growth of Chinese rivals, industry data showed Monday. The trio — LG Energy Solution, SK On Co. and Samsung SDI Co. — [...]

Samsung C&T Partners with Sweden’s Karnfull Next for European SMR Business

Samsung C&T Partners with Sweden’s Karnfull Next for European SMR Business

SEOUL, Dec. 6 (Korea Bizwire) — Samsung C&T Corp. said Friday it has partnered with Swedish energy company Karnfull Next AB to pursue joint projects in the European small modular reactor (SMR) market. The South Korean engineering and construction company said it signed a memorandum of understanding for future joint projects with Karnfull Next at [...]

Economic Turmoil Grips Pohang as Battery and Steel Industries Face Challenges

Economic Turmoil Grips Pohang as Battery and Steel Industries Face Challenges

POHANG, South Korea, Dec. 5 (Korea Bizwire) — The industrial heart of Pohang, once buoyed by its thriving secondary battery and steel industries, is grappling with a severe economic downturn, underscoring the fragility of the region’s core sectors. The city, home to major players like EcoPro, POSCO Future M, and GS Energy Materials, has been [...]

South Korea Tightens Regulations on Saline Wastewater from Battery Production

South Korea Tightens Regulations on Saline Wastewater from Battery Production

SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s Ministry of Environment announced plans to revise regulations governing saline wastewater discharge from secondary battery production, aiming to better assess its ecological impact on marine environments. The proposed amendments to the Water Environment Conservation Act and the Sewerage Act will be open for public comment starting December [...]

South Korean Battery Makers Navigate Market Uncertainties Amid Global EV Slowdown

South Korean Battery Makers Navigate Market Uncertainties Amid Global EV Slowdown

SEOUL, Dec. 4 (Korea Bizwire) – As concerns mount over a prolonged drop in electric vehicle demand and potential impacts of Donald Trump’s potential return to the White House, South Korea’s battery manufacturers are adapting their strategies amid growing industry turbulence marked by EV plant closures and bankruptcies worldwide.  The country’s three major battery makers are [...]

Study Finds Misleading Claims in South Korea’s Biodegradable Plastics Market

Study Finds Misleading Claims in South Korea’s Biodegradable Plastics Market

SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s consumer protection agency revealed on December 3 that many biodegradable plastic products are being marketed with misleading claims that don’t match their actual certifications, potentially confusing consumers about their environmental impact.  The Korea Consumer Agency (KCA) examined online advertisements for 80 biodegradable plastic products currently available in the [...]

LG Energy Mulls Buying GM’s Stake in Michigan Battery Plant

LG Energy Mulls Buying GM’s Stake in Michigan Battery Plant

SEOUL, Dec. 3 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it is considering buying General Motors Co.’s stake in their joint venture battery plant in Michigan. “The company is considering acquiring the Ultium Cells JV 3 plant in Lansing, Michigan, to effectively operate its U.S. plants and [...]

LG Energy Solution, GM to Jointly Develop Prismatic Battery Cells

LG Energy Solution, GM to Jointly Develop Prismatic Battery Cells

SEOUL, Dec. 3 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it has signed a deal with General Motors Co. to develop prismatic battery cells. Under the agreement, the companies will jointly develop prismatic battery cell technology and affiliated battery materials or “chemistries.” Once developed, the prismatic battery cells [...]

U.N. Plastics Treaty Talks End without Agreement

U.N. Plastics Treaty Talks End without Agreement

SEOUL, Dec. 2 (Korea Bizwire) — A fifth round of international negotiations for a binding plastic regulation agreement has ended without a deal, with delegates agreeing to resume talks at a later date. The Intergovernmental Negotiating Committee (INC) on Plastic Pollution met in the southeastern city of Busan from last Monday until Sunday to try [...]

S. Korea’s Financial Support ‘Not on Agenda’ for Czech Nuclear Plant Projects: Czech Official

S. Korea’s Financial Support ‘Not on Agenda’ for Czech Nuclear Plant Projects: Czech Official

SEOUL, Nov. 29 (Korea Bizwire) – A senior Czech official in charge of nuclear energy affairs has said that financial support from South Korea is “not on agenda” for his country’s nuclear plant construction projects, dismissing speculations that the Seoul government may have offered such assistance in a bid to win the country’s multibillion-dollar nuclear [...]