SEJONG, Jan. 11 (Korea Bizwire) – South Korea’s trade commission said Thursday it will launch a probe into alleged patent infringement involving a China-made smartphone battery and battery material. The Korea Trade Commission (KTC) said it plans to look into whether the patent by LG Chem Ltd.’s cathode material utilized in battery production, known as [...]
SEOUL, Jan. 5 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have partnered with a U.S. materials science company to cooperate in developing a key material used in hydrogen fuel cells, the companies said Friday. The South Korean companies signed an agreement with the Newark, Delaware-based W.L. Gore & Associates [...]
SEOUL, Jan. 3 (Korea Bizwire) – Following the Korean government’s announcement that it would ease the capital gains tax on stocks, a significant shift in investment has been observed towards sectors like secondary batteries. According to the Korea Exchange, since the government’s announcement that it would relax the threshold for imposing transfer taxes from the existing [...]
SEOUL, Dec. 27 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it has joined hands with a Chinese firm to build a plant for rare gases used mainly in chipmaking in a bid to meet growing domestic demand. South Korea’s top steelmaker said it will break ground in 2024 on the factory, which will be [...]
SEOUL, Dec. 26 (Korea Bizwire) — The state-run Korea National Oil Corp. (KNOC) said Tuesday it will explore potential sites for undersea carbon capture and storage (CCS) facilities in the seas surrounding the Korean Peninsula. The move is part of the government’s plan to reduce greenhouse gas emissions through CCS facilities by 4.8 million tons [...]
SEOUL, Dec. 22 (Korea Bizwire) – The National Federation of Fisheries Cooperatives in South Korea has urged the government to address the rampant overdevelopment of offshore wind farms. In a joint meeting held by the National Federation of Fisheries Cooperatives and the Ministry of Oceans and Fisheries on December 21, the fisheries industry raised concerns about [...]
SEOUL, Dec. 20 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it has started the construction of a 1.8 trillion-won (US$1.4 billion) cathode plant in the United States to meet the rising demand for electric vehicles (EVs). LG Chem’s 60,000-ton-a-year cathode plant will start production in 2026 with an aim [...]
SEOUL, Dec. 20 (Korea Bizwire) – With the relaxation of coronavirus (COVID-19) distancing measures, previously obsolete plastic screens have found a new purpose as emergency kit bags for children. The Korea Occupational Safety and Health Agency, a division of the Ministry of Employment, Labor, and Welfare, revealed on Tuesday that it repurposed plastic screens originally used [...]
JEJU, Dec. 19 (Korea Bizwire) – Known as the ‘Island of Electric Vehicles,’ South Korea’s Jeju Island is set to pilot a new project aimed at recycling used electric vehicle (EV) batteries. The Ministry of Environment, Jeju Special Self-Governing Province, and SF ECO Co., Ltd. announced that they would be signing a memorandum of understanding on [...]
SEOUL, Dec. 17 (Korea Bizwire) – Lotte Fine Chemical Co. said Saturday it has imported 5,500 tons of urea for vehicles from Vietnam, a move expected to help ease concerns over urea supplies following China’s export suspension. The amount is the largest with regard to an inbound shipment, since China suspended customs procedures for urea [...]