SEOUL, March 3 (Korea Bizwire) — South Korea’s three major battery manufacturers are broadening their product lines with new mid-nickel batteries that promise an optimal balance of cost and performance, responding to growing demand for affordable electric vehicles amid efforts to overcome the electric vehicle market’s “chasm” – a temporary stagnation in demand. SK On will [...]
INCHEON, South Korea, Feb. 26 (Korea Bizwire) — South Korea will stress the importance of bilateral cooperation in various industries, such as energy and shipbuilding, in negotiations with the United States on its new tariff plans, Seoul’s industry minister said Wednesday. Industry Minister Ahn Duk-geun made the remarks as he departed for Washington to meet [...]
SEOUL, Feb. 25 (Korea Bizwire) — In a significant shift within the global battery industry, Chinese manufacturers substantially increased their market dominance in 2024, while South Korean competitors saw their share shrink in both electric vehicle and energy storage markets. According to data released by SNE Research on February 24, global battery shipments reached 1,460 gigawatt-hours [...]
SEOUL, Feb. 25 (Korea Bizwire) — The operations of LG Chem and Lotte Chemical plants at an industrial complex in the central city of Seosan were halted Tuesday due to a power outage, company officials said. The incident occurred around 9:30 a.m. at the two plants located in the Daesan Petrochemical Complex, about 100 kilometers [...]
SEOUL, Feb. 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Tuesday it has signed an initial pact with Hyundai Motor Co. and its affiliate Kia Corp. to jointly develop robot-specific batteries. Samsung SDI has signed a memorandum of understanding (MOU) with the two carmakers to develop high-performance batteries specifically for [...]
SEOUL, Feb. 21 (Korea Bizwire) — A fatal house fire in Changwon, suspected to have been caused by an electric bicycle battery charger, has reignited concerns over the safety of personal mobility (PM) device batteries, authorities said on February 20. The fire, which broke out on February 14 in Uichang-gu, Changwon, claimed the life of [...]
SEOUL, Feb. 20 (Korea Bizwire) — In a move to curb China’s aggressive low-cost steel exports, the South Korean government has announced plans to impose anti-dumping tariffs of up to 38% on Chinese heavy steel plates. The decision, made on February 20, comes amid concerns over persistent oversupply from China and the looming impact of U.S. [...]
SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]
SEOUL, Feb. 12 (Korea Bizwire) – A conference on electric energy kicked off in Seoul on Wednesday to showcase cutting-edge electric power technologies of local and foreign companies, the industry ministry said. Elecs Korea 2025, hosted by the Ministry of Trade, Industry and Energy, will run for three days through Friday at the COEX convention [...]
SEOUL, Feb. 10 (Korea Bizwire) – LG Energy Solution Ltd., South Korea’s leading battery maker, said Monday it has been named the renewable energy bidding service operator for the country’s largest wind farm on the southern island of Jeju. With this appointment, the company will now manage all offshore wind farms in the country that [...]