SEOUL, June 19 (Korea Bizwire) — The chairman of Daewoo Engineering & Construction (E&C) Co. has paid a courtesy call on Mozambican President Daniel Chapo to seek support for potential liquefied natural gas (LNG) construction projects in the African nation, the company said Thursday. During his visit to the presidential office in Maputo on Wednesday [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) said Thursday it plans to apply for standard design approval of its innovative small modular reactor (SMR) model later this year to expand the country’s foothold in the next-generation global nuclear power market. KHNP plans to draw up the [...]
SEOUL, June 19 (Korea Bizwire) – LG Energy Solution, South Korea’s leading battery manufacturer, said Thursday it has signed a deal with Toyota Tsusho Corp., a trading company under Japan’s Toyota Group, to set up a battery recycling joint venture (JV) in the United States. The new company, Green Metals Battery Innovations LLC, will be [...]
SEOUL, June 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Monday it has jointly developed a high-performance adhesive for automotive power semiconductors with Japan’s Noritake Co. The two companies have developed an advanced silver paste used to bond silicon carbide (SiC) chips and substrates used in automotive power semiconductors, LG [...]
SEOUL, June 16 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s leading battery manufacturer, said Monday it has secured a deal with China’s Chery Automobile Co. to supply cylindrical electric vehicle (EV) batteries. Under the deal, LG Energy Solution will supply a combined 8 gigawatt-hours of its next-generation 46-series cylindrical batteries to Chery Automobile [...]
SEOUL, June 15 (Korea Bizwire) — A sharp spike in global oil prices, triggered by Israel’s recent airstrike on Iranian nuclear facilities, is injecting fresh uncertainty into South Korea’s refining sector just as it showed signs of recovery. Industry analysts say the attack—amid already fragile geopolitical conditions—has heightened concerns over global supply disruptions and intensified [...]
SEOUL, June 13 (Korea Bizwire) — The government conducted an emergency review of the country’s oil and gas supplies Friday amid escalating tensions in the Middle East following Israel’s strike on Iran, the industry ministry said, adding the country faces no immediate problem. The Ministry of Trade, Industry and Energy held the meeting with officials [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s petrochemical sector is ramping up restructuring talks, including potential consolidation of naphtha cracking center (NCC) facilities, as companies grapple with sustained oversupply from China and a prolonged global economic slowdown. The shift comes as the administration of President Lee Jae-myung prepares to roll out policy support for [...]
SEOUL, June 11 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-largest battery maker, said Wednesday it has signed a battery supply deal with German energy storage system (ESS) provider Tesvolt AG. Under the agreement, Samsung SDI will deliver its Samsung Battery Box (SBB) products to Tesvolt by the end of this month. Tesvolt will [...]
SEOUL, June 10 (Korea Bizwire) — POSCO Future M Co., the battery materials unit of POSCO Holdings Inc., said Tuesday it has completed a key production facility as part of efforts to establish a fully integrated domestic supply chain for battery materials. The precursor plant, built within the existing cathode materials complex in Gwangyang, about [...]