SEOUL, April 20 (Korea Bizwire) — The South Korean government will earmark 28 billion won (US$21.09 million) over the next four years to support corporate development of fine chemicals for the semiconductor, display and secondary battery fields, the industry ministry said Thursday. The government will choose companies this year that will take part in the [...]
SEJONG, April 17 (Korea Bizwire) —POSCO FutureM, a company developing secondary battery materials as a core business for the future, has provided its core workforce with shares worth 800 million won (US$609,000). The shares were given to key employees as restricted stock units (RSUs), and the employees can dispose of them only if they fulfill [...]
SEOUL, April 14 (Korea Bizwire) —LG Chem, a South Korean chemical company, and China’s Huayu Cobalt have announced plans to build a joint battery precursor plant in Saemangeum, South Korea. The goal of the partnership is to bolster the domestic supply chain for battery materials in Korea in anticipation of the implementation of the U.S. [...]
SEOUL, April 13 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemical company, said Thursday it has entered an agreement with a U.S. renewable chemical firm to develop and commercialize a raw material for bioplastics. LG Chem signed the joint development agreement (JDA) with Gevo Inc., a Colorado-headquartered developer of renewable chemicals and biofuels, [...]
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, March 30 (Korea Bizwire) – LG Chem Ltd., a leading chemical producer in South Korea, said Thursday that it began the 310 billion-won (US$238 million) project to build facilities for plastic recycling and producing a next-generation thermal insulator component. The envisioned plastic pyrolysis plant in the city of Dangjin, some 78 kilometers southwest of Seoul, will [...]
SEOUL, March 24 (Korea Bizwire) — South Korean chemical firm SK Geocentric Co. said Friday it is spending an additional 400 billion won (US$310 million) to build a second factory for advanced packaging materials in China. SK Geocentric signed the initial agreement earlier this week with Weixing Chemical on expanding the ethylene acrylic acid (EAA) [...]
SEOUL, Feb. 28 (Korea Bizwire) — Lotte Chemical Corp., a South Korean chemical company, said Tuesday it has signed a preliminary deal with a U.S. ammonia producer to explore opportunities for clean ammonia production and its offtake into Korea. The memorandum of understanding with CF Industries Holdings Inc. calls for the two to assess the [...]
SEOUL, Feb. 20 (Korea Bizwire) — SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, has announced plans to set up a plastic recycling plant in the Saint-Avold region in northeastern France. The company completed the selection of a site in collaboration with French water management company Suez S.A. and Quebec-based [...]
SEOUL, Feb. 1 (Korea Bizwire) — POSCO Chemical Co., a South Korean manufacturer of industrial materials, said Wednesday it has begun construction of its second factory for synthetic graphite anode materials in the country’s southeast. POSCO Chemical broke ground on the plant at its key manufacturing complex in Pohang, 272 kilometers southeast of Seoul, on [...]