SEOUL, Oct. 23 (Korea Bizwire) – Gov. Bill Lee of the U.S. state of Tennessee on Thursday met with the head of SK On Co. to discuss ways to enhance cooperation and strengthen ties, industry sources said. Lee visited SK On’s headquarters in central Seoul earlier in the day and had talks with Lee Seok-hee, [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s battery sector has roared back to life this month, rebounding sharply from months of stagnation tied to electric vehicle (EV) demand concerns. The rally has sent related exchange-traded funds (ETFs) soaring, though analysts caution that the upswing may be short-lived. According to data from the Korea Exchange as [...]
SEOUL, Oct. 9 (Korea Bizwire) — As investigators probe the cause of the recent fire at South Korea’s National Information Resources Service (NIRS) data center, attention is turning to the safety of the lithium-ion batteries used in its uninterruptible power supply (UPS) system—reviving debate over pouch-type battery risks and accelerating the industry’s shift toward prismatic [...]
SEOUL, Sept. 30 (Korea Bizwire) — The fire that crippled South Korea’s National Information Resources Service last week is being traced to an aging lithium-ion battery, sharpening scrutiny of the country’s battery sector at a time when the industry is already grappling with slowing electric vehicle demand, expiring U.S. subsidies and intensifying competition from China. Authorities [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s corporate sector is bracing for a slowdown in U.S. investment following the detention of more than 300 Korean nationals in an immigration raid, a crisis that has already disrupted battery factory construction and cast doubt over high-profile bilateral projects. The most immediate impact has fallen on HL-GA, [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s battery makers, long buoyed by global demand for electric vehicles, are bracing for a sharp downturn after the United States abruptly ended tax credits for EV purchases, a move analysts warn could choke demand for Korean cells. In a report released Sunday, the Korea Institute for Industrial [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korea’s three major battery manufacturers — LG Energy Solution, Samsung SDI, and SK On — are grappling with declining factory utilization rates, reflecting the broader global slowdown in electric vehicle (EV) demand known as the “EV chasm.” According to semiannual filings released on August 15, LG Energy Solution [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]