SEOUL, April 12 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda Motor Co. to cooperate in the electric vehicle (EV) battery materials business. Under the initial deal, the two agreed to explore technical exchanges on key battery materials, such as [...]
SEOUL, April 12 (Korea Bizwire) — Optical film manufacturer Sangbo Corp. announced that it has developed a special film that selectively prevents cigarette ads in convenience stores from being viewed from outside. The company completed a patent application and established a mass-production system for the target blocking (TB) film after developing it. The TB film’s [...]
SEOUL, April 10 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, said Sunday that its leadership team had embarked on a trip to the U.S. with the aim of recruiting exceptionally skilled professionals from around the world. The company on Saturday (local time) held its Battery Tech Conference (BTC), a [...]
SEOUL, April 7 (Korea Bizwire) — South Korea will extend 7 trillion won (US$5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States’ Inflation Reduction Act (IRA) and to boost their competitiveness in the sector, the industry ministry said Friday. The government will [...]
SEOUL, April 7 (Korea Bizwire) — LG Energy Solution Ltd. (LGES) said Friday it estimated its operating profit to have grown more than twofold in the first quarter from a year earlier, boosted by the effects of U.S. government subsidies under a new law that promotes electric vehicle (EV) purchases. Operating income reached 633.2 billion [...]
SEOUL, April 7 (Korea Bizwire) — U.S. Vice President Kamala Harris has visited a solar panel factory in Georgia run by South Korea’s Hanwha Solutions Corp., announcing what the Joe Biden administration says will be the largest community solar energy project in the history of the United States. Harris toured the operating solar panel module [...]
POHANG/SEOUL, April 6 (Korea Bizwire) — EcoPro Co., a leading South Korean producer of secondary battery materials, plans to invest 2 trillion won (US$1.52 billion) to expand its battery components complex in the country’s southeastern industrial city, according to the municipal governments on Thursday. EcoPro is in talks with the municipal governments of North Gyeongsang [...]
SEOUL, April 6 (Korea Bizwire) — South Korean nuclear plant operator’s application to build a nuclear power plant in the Czech Republic has been rejected by the U.S. government. Previously, U.S. nuclear energy firm Westinghouse Electric Company LLC filed a suit in the Washington, D.C. federal district court to restrict unilateral exports, saying that its technology [...]
SEOUL, April 6 (Korea Bizwire) — The government has designated the hydrogen sector as a national core technology, while adding two fuel cell technologies to the list of national core technologies. The Ministry of Trade, Industry and Energy said Wednesday it will revise and promulgate the Ordinance on Designation of National Core Technologies. Thus far, [...]
SEOUL, April 5 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), the top South Korean electric vehicle (EV) battery maker, said Wednesday it has clinched a preliminary agreement with a Chinese lithium producer for collaboration in the supply of lithium hydroxide in Morocco, as part of stepped-up efforts to source the key battery material. LGES, [...]