SEOUL, Aug. 26 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Friday its management has met with a group of government officials from the U.S. state of Indiana in Seoul and discussed the ongoing battery joint venture with Stellantis N.V. Choi Yoon-ho, CEO of Samsung SDI, met with Indiana Gov. Eric Holcomb [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea has won a 3 trillion won (US$2.25 billion) deal to build a nuclear power plant in Egypt, delivering a boost to the languishing nuclear power industry at home, a presidential official said Thursday. Under the deal, which was signed in Cairo the same day, South Korea’s state-run [...]
SEOUL, Aug. 25 (Korea Bizwire) — Inflatable cheering sticks and plastic blankets will be banned from use at sports facilities, following the prohibition of cheering equipment made with synthetic resins. The Ministry of Environment posted the new guidelines on its official website, explaining the new enforcement rules of the resource recycling act taking effect on [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean builder SK ecoplant Co. said Wednesday it had signed a stock purchase agreement with DY Polymer and DY Indus, both specialized in the recycling of plastic waste, and completed the acquisition procedures. DY Polymer has been engaged in the production of pellets, the nation’s first recycled material [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korean builder Samsung C&T Corp. said Wednesday it has clinched an 800 billion-won (US$598 million) deal to build a massive solar farm in Qatar. Under the deal with Qatar’s state-run QatarEnergy, the construction unit of Samsung Group will construct a 417-megawatt solar power plant in Mesaieed, some 40 [...]
SEOUL, Aug. 24 (Korea Bizwire) — An annual international exhibition on the hydrogen industry will kick off in South Korea next week, bringing together companies, government officials and other experts from home and abroad to seek ways to boost the emerging sector cited as a future energy source. The H2 MEET exhibition and conference will [...]
SEOUL, Aug. 23 (Korea Bizwire) — SK Geocentric Co., a chemical unit of SK Group, said Tuesday it is making an additional 200 billion won (US$149.3 million) investment jointly with its Saudi Arabian partner to produce a high functional copolymer widely used in automotive components and wire coating. The production facility for polyolefin elastomers (POE) [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Group and LG Energy Solution (LGES) Ltd. have secured US$710 million in loans and guarantees for their joint project to build a battery cell plant in Indonesia, the companies said Monday. Hyundai and LG will receive the funds from five different international financial firms with a 10-year [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea on Thursday launched a committee to help local companies win contracts to build nuclear power plants overseas amid renewed interest in nuclear power in Europe due to energy shortages. The move came as the government is pushing to rebuild the nuclear industry in a reversal of the [...]
SEOUL, Aug. 18 (Korea Bizwire) — SK Group, South Korea’s energy-to-telecom giant, said Thursday it is buying a controlling stake in a U.S. energy solutions company for US$150 million to make further inroads into digital power distribution and electric vehicle charging. SK Inc., the group’s investment holding firm, and SK Energy Co. will jointly acquire [...]