SEOUL, Jul. 18 (Korea Bizwire) – Samsung Electro-Mechanics announced on July 17 that it has developed a 2,000V multilayer ceramic capacitor (MLCC) for electric vehicle battery management systems (BMS). MLCCs are essential components in electronic circuits, ensuring stable and consistent current flow. They are widely used in various products, from smartphones to personal computers. In automobiles, [...]
SEOUL, July 17 (Korea Bizwire) – The merger of SK Innovation Co. with its affiliate SK E&S Co. is expected to create an energy giant with 106 trillion won (US$75.6 billion) in assets, marking the first step in SK Group’s restructuring as the group seeks to cut the number of its affiliates to focus on [...]
SEOUL, July 17 (Korea Bizwire) – The boards of SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, approved a proposed merger of the two companies Wednesday, creating the largest energy entity in South Korea with combined assets of 106 trillion won (US$76.5 billion). In their separate board meetings earlier [...]
SEOUL, Jul. 17 (Korea Bizwire) — SK Innovation Co. and SK E&S Co., two major energy affiliates of SK Group, are set to hold separate board meetings Wednesday to discuss a proposed merger of the two companies, industry sources said. If the merger is approved, it will create the biggest energy company in South Korea, [...]
SEOUL, Jul. 17 (Korea Bizwire) – Asiana Airlines announced on July 16 that it will launch a line of bags and pouches made from recycled uniforms, embracing the concept of upcycling. The South Korean carrier has partnered with 119REO, a fashion brand known for upcycling firefighters’ protective gear, to create these innovative products. The collaboration aims [...]
SEOUL, Jul. 16 (Korea Bizwire) — The industry ministry said Tuesday it has asked the country’s four major oil refiners to refrain from excessive price increases as part of efforts to combat lingering inflation. Second Vice Industry Minister Choe Nam-ho made the remark during his meeting with representatives from SK Energy Co., GS Caltex Corp., [...]
SEOUL, July 15 (Korea Bizwire) – Kentucky Gov. Andy Beshear met with officials from South Korea’s major electric vehicle (EV) battery and materials companies in a bid to attract additional investment to the U.S. state, industry sources said Monday. The Kentucky governor came to Korea on Sunday for meetings on Monday with executives of car [...]
SEOUL, July 12 (Korea Bizwire) – SK Innovation and SK E&S, two key subsidiaries of the SK Group, are set to hold board meetings next week to discuss a potential merger, industry sources said on July 11. This move is part of SK Group’s ongoing business restructuring efforts and could result in the creation of a [...]
SEOUL, Jul. 9 (Korea Bizwire) — POSCO International Corp. said Tuesday it has completed the construction of a liquefied natural gas (LNG) terminal, marking the first such facility operated by a private business. The trading and energy unit of South Korea’s top steelmaker, POSCO, said the completion of the terminal, which includes six storage tanks, [...]
SEOUL, Jul. 9 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) announced on July 8 that it will provide $150 million in project financing for a major solar power project in the United Arab Emirates (UAE), won by the Korea Western Power Co. This ambitious venture, located in the UAE’s desert region, involves the [...]