SEOUL, Oct. 11 (Korea Bizwire) — Lotte Chemical Corp. said Tuesday it is acquiring a major stake in a leading South Korean copper foil producer for 2.7 trillion won (US$1.88 billion) as part of efforts to advance into the battery components sector. Lotte Chemical signed a stock purchase agreement to take over a 53.3 percent [...]
CHANGWON, Oct. 10 (Korea Bizwire) — An integrated hydrogen charging station, where all forms of hydrogen mobility platforms can charge, has been built for the first time in South Korea. South Gyeongsang provincial office and the city of Changwon announced that the Daewon Hydrogen Charging Station was built in the in the southeastern city. The [...]
SEOUL, Oct. 9 (Korea Bizwire) — The third unit of the South Korean-built Barakah nuclear power plant in the United Arab Emirates has been successfully connected to the Middle East nation’s power transmission grid, the state-run utility company here said Sunday. The Unit 3 plant began operations last month and delivered the first megawatts of [...]
SEOUL, Oct. 7 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s top battery maker, said Friday it racked up a turnaround in the third-quarter of the year from a year earlier on the back of the weakness of the Korean currency against the U.S. dollar and robust sales. Its operating profit reached 522 billion [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korean steel giant POSCO has participated in an academic-industry research cooperation drive to develop new technology for recycling by-product gases generated during the steel-making process as plastic materials on the basis of existing carbon dioxide capture and utilization technologies. The company on Thursday inaugurated the Center for Low-Carbon [...]
JEONJU, Oct. 7 (Korea Bizwire) — New technology has been developed that can address the shortcomings of perovskite solar cells, including the reduction in lifespan and environmental pollution caused by lead. A research team from Jeonbuk National University said Thursday it had developed a lead-free, eco-friendly perovskite solar cell using a tin-graphene compound material. The [...]
SEOUL, Oct. 7 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, announced on Thursday that it had established a battery recycling joint venture with GS Energy Corp., an energy unit of GS Group. Both entities have engaged in talks since September last year on how to promote cooperation in their core [...]
SEOUL, Oct. 5 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday it has set up two independent in-house companies to accelerate battery swap and energy management services. It has launched KooRoo to take the lead in battery-as-a-service (BaaS), primarily focusing on the development of electric vehicle battery packs fit for replacement instead of charging, [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s state power utility said Wednesday it plans to increase coal-fired electricity generation temporarily this year in an effort to cut costs and boost financial health. Korea Electric Power Corp. (KEPCO) said it will produce 12.8 terawatt hours (TWh) with coal this year instead of using liquefied natural [...]
SEOUL, Oct. 4 (Korea Bizwire) — Fashion products made by a South Korean upcycling brand made appearances at a joint fashion show hosted by Tranoi, the official trade fair of Paris Fashion Week, at the Brongniart Palace in Paris last Saturday. ul:kin introduced a bag made with safety nets and other construction materials used in [...]