SEOUL, April 25 (Korea Bizwire) — South Korea will “prudently” decide whether to join the Alaska liquefied natural gas (LNG) project after conducting an on-site field inspection of the project, Seoul’s industry minister said Friday. Industry Minister Ahn Duk-geun said the government will approach the matter “prudently” as it is tied to the country’s energy [...]
SEOUL, April 25 (Korea Bizwire) — SK On Co., the battery affiliate of South Korea’s SK Group, said Friday it has been selected as a battery supplier for U.S.-based electric vehicle (EV) startup Slate. Under the deal, SK On will supply 20 gigawatt-hours (GWh) of batteries to Slate from 2026-2031, with an option to increase [...]
SEOUL, April 24 (Korea Bizwire) — South Korea’s trade watchdog decided Thursday to impose anti-dumping tariffs on cold-rolled stainless steel products from two Vietnamese companies, according to Seoul’s industry ministry. The Korea Trade Commission (KTC) made a final decision to recommend the finance ministry levy 18.81 percent duties on stainless steel products imported from Vietnam’s [...]
TEAAN, South Korea, April 23 (Korea Bizwire) — As South Korea embarks on the phase-out of coal-fired power generation, a major blue hydrogen production facility is set to be built in Taean, South Chungcheong Province, signaling a pivotal shift toward clean energy and carbon neutrality. On April 23, 2025, South Chungcheong Province, Taean County, Korea [...]
SEOUL, April 23 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have agreed to pursue joint nuclear power projects abroad as part of broader bilateral cooperation on nuclear energy, Seoul’s foreign ministry said Wednesday. The agreement was reached during a high-level consultation on nuclear cooperation between the two countries, held Tuesday in [...]
SEOUL, April 22, (Korea Bizwire) — LG Electronics is pulling out of the electric vehicle (EV) charging solutions market just three years after entering the sector, citing prolonged demand stagnation and intensified price competition. The move comes as part of a broader strategic restructuring aimed at concentrating on more resilient and scalable businesses. In a [...]
SEOUL, April 21 (Korea Bizwire) — South Korea will launch a pilot project this week to automatically detect and report potential electric vehicle (EV) battery fires to emergency services, aiming to accelerate response times and minimize damage from fire incidents. The Ministry of Land, Infrastructure and Transport announced Sunday that the initiative, developed in collaboration with [...]
SEOUL, April 18 (Korea Bizwire) – A senior U.S. energy official on Friday underscored South Korea’s growing significance in the Donald Trump administration’s push to expand American energy exports and diversify global supply chains. Speaking via video remarks at an energy forum hosted by the American Chamber of Commerce in Korea (AMCHAM) held in Seoul, [...]
SEOUL, April 18 (Korea Bizwire) — A South Korean consortium led by LG has decided to withdraw a project worth around 11 trillion won (US$7.7 billion) to establish an electric vehicle (EV) battery supply chain in Indonesia, industry sources said Friday. The consortium, which includes LG Energy Solution, LG Chem, LX International Corp. and other [...]
SEOUL, April 18, (Korea Bizwire) — South Korea’s major battery manufacturers are delaying or scrapping joint ventures with Chinese companies as geopolitical risks, regulatory uncertainty, and market stagnation force a strategic rethink in the electric vehicle (EV) supply chain. According to industry sources on April 17, LG Energy Solution has postponed construction of two planned [...]