SEOUL, Jan. 9 (Korea Bizwire) — South Korean battery maker SK On said Monday it is considering withdrawing an initial pact with Ford Motor Co. and their local partner Koc Holding A.S. to build a car battery plant in Turkey. In March last year, the three companies signed a memorandum of understanding (MOU) to produce [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — SK Geocentric Co., a South Korean chemical company, said Sunday it has signed a contract with a British firm to build a plastic pyrolysis plant in South Korea, taking a step closer to establishing what will be the world’s first plastic recycling cluster in two years. Under the agreement, [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – SK Signet Inc., the producer of electric vehicle (EV) chargers under South Korea’s SK Group, said Friday it aims to double the annual sales this year from last year on the back of robust overseas demand and market expansion in the United States. Shin Jung-ho, CEO of SK Signet, [...]
SEOUL, Jan. 6 (Korea Bizwire) — The government plans to slap a 150.9 billion-won (US$118.9 million) fine on the country’s leading refinery, Hyundai Oil Bank Corp., for discharging wastewater with unsafe levels of toxic materials, officials said Friday. The fine is around 1 percent of the company’s annual sales and is the largest amount ever [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — The U.S.-based battery plant run by South Korea’s SK On Co. is a possible site that can be considered for the mass production of all-solid-state batteries once they are ready for vehicle use, a U.S. battery developer said Thursday. “There is no gigafactory work happening currently, right now, we’re [...]
LAS VEGAS, Jan. 5 (Korea Bizwire) — SK On Co. is continuing to make best efforts for a turnaround in its battery business despite volatile market conditions, its co-chief said Thursday. Chey Jae-won, senior vice chairman of SK Group and a co-chief of its battery-making arm, made the remarks at CES 2023 taking place in Las [...]
LAS VEGAS, Jan. 3 (Korea Bizwire) — South Korea’s SK group said Tuesday it is sharing a glimpse into the present and future of low carbon emission technologies in what will be its largest-ever exhibition at the upcoming CES 2023 this week. SK companies, including SK Inc. and SK Innovation Co., and its global partners will [...]
SEOUL, Jan. 4 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share sink in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. [...]
SEOUL, Dec. 30 (Korea Bizwire) — GS Caltex Corp., a major South Korean refiner, said Thursday it will make and donate “braille first-aid kits” for visually impaired people during the year-end season. The braille first-aid kit is made by inserting various medical items such as ointment, disinfectant and antipyretic analgesic into a flat first-aid kit [...]
SEOUL, Dec. 29 (Korea Bizwire) — The Korea Institute of Science and Technology said Wednesday it has developed a new technology that can replace high-temperature, high-pressure energy used for the production of hydrogen peroxide with photovoltaic energy, thus improving overall productivity. Hydrogen peroxide is a core material used in chip production. However, a stable supply of hydrogen peroxide is uncertain due to [...]