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 [...]
SEOUL, April 17 (Korea Bizwire) — LG CNS Co., an information technology affiliate of South Korea’s LG Electronics Inc., said Thursday it has signed agreements to develop electric vehicle (EV) charging infrastructure and smart city solutions in the United States. Under a deal with the New York City Economic Development Corporation, LG CNS will install [...]
SEOUL, April 16 (Korea Bizwire) — LS Electric Co., a South Korean electric equipment maker, said Wednesday it will invest US$240 million to expand its U.S. production facility by 2030 in response to U.S. President Donald Trump’s import tariffs. LS Electric has recently upgraded its existing production facility in Bastrop, Texas, to add research and [...]
SEOUL, April 14 (Korea Bizwire) — LG Chem has suffered a legal blow in China, where its key battery patent has been invalidated amid a widening intellectual property battle with Chinese rival Longbai, escalating tensions in the global electric vehicle (EV) supply chain. According to industry sources, China’s National Intellectual Property Administration (CNIPA) recently ruled to [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Mobis Co. said Monday it has developed a new electric vehicle (EV) battery safety technology that automatically discharges fire suppressant in the event of a battery cell ignition to prevent fires from spreading to adjacent cells. The battery technology uses heat-resistant materials and includes a fire suppression device [...]
DAEJEON, South Korea, April 14 (Korea Bizwire) — At SK Innovation’s Environmental Science & Technology Institute in Daejeon, a powerful scent of used cooking oil hangs in the air, signaling an ambitious transformation: converting waste oil into sustainable aviation fuel (SAF). Within the facility’s pilot plant, dark brown waste oil is refined through high-temperature, high-pressure reactors [...]
SEOUL, April 12 (Korea Bizwire) — As South Korea’s petrochemical sector grapples with a historic downturn, the government is expected to unveil new support measures in the coming months, following the completion of a strategic industry consulting project commissioned to address deep structural challenges. The Korea Petrochemical Industry Association recently submitted a final report to [...]
JEJU, South Korea, April 9 (Korea Bizwire) — Jeju Special Self-Governing Province has become the first region in South Korea to commercialize products made from repurposed electric vehicle (EV) batteries, marking a significant step toward a circular energy economy. In partnership with the Ministry of Environment and Jeju Technopark (Jeju TP), the province officially launched a [...]