SEOUL, Feb. 14 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it has signed a deal to receive a key battery material from an Australian company. Under the one-year deal with Wesfarmers Chemicals, Energy & Fertilisers (WesCEF), LGES will receive 85,000 tons of lithium spodumene concentrate, which can [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to invest approximately 16.6 billion won this year to facilitate the distribution of 102 hydrogen fuel cell cars and 42 hydrogen buses, enhancing the city’s green mobility initiatives. Starting from February 13, the city will begin accepting applications for hydrogen car purchase support. [...]
SEOUL, Feb. 13 (Korea Bizwire) – The global battery market is currently navigating a ‘chasm’, a concept introduced by business consultant Geoffrey Moore, which represents a temporary stagnation or decline in demand as cutting-edge technology products transition from early adopters to mainstream markets. This situation is exacerbated by high global interest rates, reductions in electric vehicle [...]
SEOUL, Feb. 10 (Korea Bizwire) –In an era where it’s often easier to buy new than repair, a unique service in Seongdong District, Seoul, is proving the old adage wrong. On the morning of February 7, ahead of the Lunar New Year holiday, several seniors arrived at the Geumho 2·3-dong Community Center, each carrying bundles [...]
SEOUL, Feb. 8 (Korea Bizwire) – Samsung Electronics announced on February 7 the launch of a new “Customer Participation Mobile Phone Collection Program,” developed in collaboration with Gyeonggi Province, CJ Logistics, and the non-profit organization E-Cycle Governance, aimed at promoting recycling and environmental sustainability. Under this program, consumers can easily recycle their old mobile phones. After [...]
SEJONG, Feb. 7 (Korea Bizwire) – Over the past three months, large corporate groups in South Korea, each with assets exceeding 5 trillion won, have been active in expanding their presence in advanced industries, acquiring or establishing eight companies in sectors such as semiconductors and secondary batteries. The real estate development and construction sectors also saw [...]
SEOUL, Feb. 7 (Korea Bizwire) – On February 5, a truck hauling a massive 200-inch screen made its way past the LG Twin Towers in Yeouido, Seoul, home to the LG Group’s headquarters. The screen displayed a message urging the disclosure of a performance system that matches the employees’ efforts, stating, “Reveal a performance system that [...]
SEOUL, Feb. 6 (Korea Bizwire) – SK Hynix announced on February 6 that it has established a pioneering long-term plan in the global semiconductor industry to actively incorporate recycled and renewable materials into its product manufacturing process. The company has set ambitious targets to increase the use of recycled and renewable materials in its products to [...]
SEOUL, Feb. 6 (Korea Bizwire) – General Motors CEO Mary Barra will visit Seoul this week to meet with leaders of major South Korean battery makers, industry sources said Tuesday. Barra plans to fly into Seoul on Wednesday to meet with Kim Dong-myung, president of LG Energy Solution Ltd. (LGES), and Choi Yoon-ho, CEO of [...]
SEOUL, Feb. 6 (Korea Bizwire) – A number of employees from LG Energy Solution have launched a protest demanding improvements to the bonus system following the company’s decision to significantly reduce this year’s bonuses due to a slowdown in demand for electric vehicles. From February 5 to 29, approximately 1,700 LG Energy Solution employees, through anonymous [...]