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South Korea Launches Pilot Project to Recycle Fabric Waste into Soundproofing Materials

South Korea Launches Pilot Project to Recycle Fabric Waste into Soundproofing Materials

SEOUL, Jan. 16 (Korea Bizwire) — South Korea is taking a significant step towards environmental sustainability by initiating a project to recycle leftover fabric scraps into sound-absorbing materials. The Ministry of Environment, along with the district offices of Jongno, Seongdong, and Dongdaemun in Seoul, and the Korea Textile Recycling Association, announced that a signing of a memorandum [...]

LG Chem Begins Construction of Cathode Plant in U.S.

LG Chem Begins Construction of Cathode Plant in U.S.

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 [...]

LG Chem to Initially Inject 938.5 bln Won for U.S. Cathode Plant

LG Chem to Initially Inject 938.5 bln Won for U.S. Cathode Plant

SEOUL, Dec. 15 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Friday it will initially inject 938.5 billion won (US$725 million) in its U.S. subsidiary in charge of building a local cathode plant. LG Chem plans to hold a groundbreaking ceremony next week for a 1.8 trillion-won cathode plant in Clarksville [...]

SK Geo Centric Begins Construction of Plastics Recycling Plant

SK Geo Centric Begins Construction of Plastics Recycling Plant

SEOUL, Nov. 15 (Korea Bizwire) – SK Geo Centric Co. (SKGC), the chemical unit of chip-to-construction conglomerate SK Group, on Wednesday began construction of a plastics recycling plant as it seeks to develop the business into a new growth driver. SKGC and its three global partner companies — Loop Industries, Inc. from Canada, PureCycle Technologies, [...]

LG Chem Churns Out Eco-Friendly Plasticizer Using Wasted PET Bottles

LG Chem Churns Out Eco-Friendly Plasticizer Using Wasted PET Bottles

SEOUL, Oct. 27 (Korea Bizwire) – LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life. A plasticizer is a vital additive that enhances the flexibility and elasticity of PVC, primarily used in the production of [...]

LG Chem Opens Research Center in U.S.

LG Chem Opens Research Center in U.S.

SEOUL, Oct. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has opened a research and development center in the United States to develop new growth engines under a partnership with a local university. LG Chem’s North America Innovation Center, located in Georgia, will focus on developing technologies involving [...]

LG Chem, SK Chemicals Partner with Cosmetics Firms to Speed Up Supply of Eco-Friendly Containers

LG Chem, SK Chemicals Partner with Cosmetics Firms to Speed Up Supply of Eco-Friendly Containers

SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s major chemical companies are collaborating with cosmetics companies to accelerate the development and supply of eco-friendly cosmetics packaging. This transition is crucial for the cosmetics industry due to its short product replacement cycle, extensive use of plastics, and considerable waste production. LG Chem announced on Tuesday that it [...]

LG Chem, GS Caltex to Produce Prototype of Material for Biodegradable Plastics

LG Chem, GS Caltex to Produce Prototype of Material for Biodegradable Plastics

SEOUL, Oct. 13 (Korea Bizwire) — LG Chem Ltd. and GS Caltex Corp. plan to produce a prototype of a material for biodegradable plastics next year, as they step up cooperation for the development of the eco-friendly raw material, the companies said Friday. LG Chem and GS Caltex signed an agreement in 2021 to develop [...]

‘Junghujangdae’ Industries Embrace Online Content to Connect with Younger Generations

‘Junghujangdae’ Industries Embrace Online Content to Connect with Younger Generations

POSCO is connecting with younger audiences by creating unique content, “Fantasteel – The Beginning of the New Iron Age,” in partnership with Nexon’s online game “Wars of Pracia”. SEOUL, Oct. 9 (Korea Bizwire) – Businesses in the so-called ‘junghujangdae’ industries, unfamiliar to the general public, are striving to craft a friendly image by creating compelling [...]