SEOUL, Apr. 22 (Korea Bizwire) –Kakao’s impact commerce platform Kakao Makers has partnered with food giant CJ CheilJedang to launch an upcycling initiative that will transform discarded containers from the company’s popular instant rice products into new merchandise. Timed to coincide with Earth Day on April 22, the “Instant Rice Container Reborn Project” seeks to [...]
SEOUL, Apr. 17 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday that it has signed a deal with two Scottish economic development agencies on cooperation in the floating offshore wind sector. The memorandum of understanding calls for HD Hyundai Heavy Industries to share its knowhow on the design and [...]
SEOUL, Apr. 17 (Korea Bizwire) – Samsung Electronics announced on April 16 that its flagship Galaxy S24 smartphone series incorporates an amount of recycled plastic equivalent to approximately 50 million 500-milliliter plastic water bottles. In a post from its official newsroom, the company estimated that the recycled plastic used in the Galaxy S24 series this year [...]
INJE, Apr. 17 (Korea Bizwire) – Inje County in Gangwon Province, South Korea, has unveiled a smart farm greenhouse facility that utilizes renewable energy sources to cultivate subtropical plants. The county announced the completion of the project and its opening to the public on April 16. Covering an area of approximately 4,950 square meters, the smart [...]
SEOUL, Apr. 16 (Korea Bizwire) — SK Group, South Korea’s chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group’s emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix Inc., [...]
SEOUL, Apr. 16 (Korea Bizwire) — South Korea’s import prices rose for a third consecutive month in March due to an increase in oil prices amid a rise in the Korean won against the U.S. dollar, central bank data showed Tuesday. The import price index rose 0.4 percent last month from a month earlier following [...]
SEOUL, Apr. 16 (Korea Bizwire) — Last year, all three major South Korean battery makers – LG Energy Solution, Samsung SDI, and SK On – secured positions within the top five in the global electric vehicle battery market, according to a recent report. According to SNE Research, an energy market research firm, the total electric vehicle [...]
SEOUL, Apr. 15 (Korea Bizwire) – The government will extend the tax cut on fuel consumption by an additional two months amid growing tensions in the Middle East, Finance Minister Choi Sang-mok said Monday. South Korea has applied a 25 percent discount on the consumption of gasoline and a 37 percent discount on the consumption [...]
SEOUL, Apr. 15 (Korea Bizwire) — LG Energy Solution, a major battery manufacturer, announced on April 14 that it is adopting generative artificial intelligence technology across its operations to better analyze customer needs and maximize operational efficiency. One of the first AI-powered tools implemented is the “YouTube Trend Report,” which utilizes AI to analyze battery-related videos [...]
SEOUL, Apr. 4 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Thursday it has begun the construction of its US$5.5 billion battery plant in Arizona, with an aim to start operations in 2026. LGES plans to produce 46-Series cylindrical batteries for electric vehicles (EVs) and lithium iron phosphate (LFP) [...]