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U.S. Trade Panel Says SK Stole LG Trade Secrets for EV Batteries

U.S. Trade Panel Says SK Stole LG Trade Secrets for EV Batteries

SEOUL, March 5 (Korea Bizwire) — A U.S. trade panel has said SK Innovation Co. misappropriated trade secrets of its South Korean rival LG Energy Solution Ltd. for its development of electric vehicle (EV) batteries, in a decision that could jeopardize SK Innovation’s battery businesses in the United States. The U.S. International Trade Commission (ITC) [...]

Kakao Mobility to Subsidize Cost of Electric Taxis

Kakao Mobility to Subsidize Cost of Electric Taxis

SEOUL, March 5 (Korea Bizwire) — Kakao Mobility, the mobility business unit of Kakao Corp. is spurring efforts to promote the introduction of electric taxis. The company recently launched an ‘Electric Taxi Support Program’ for privately owned taxi drivers who want to join the company’s affiliated taxi service, Kakao T Blue. The existing members of [...]

S. Korea’s First Anti-COVID-19 Coated Steel Sheet Nears Commercialization

S. Korea’s First Anti-COVID-19 Coated Steel Sheet Nears Commercialization

SEOUL, March 4 (Korea Bizwire) — A South Korean steelmaker has developed a coated steel sheet that blocks the coronavirus. Dongkuk Steel Mill Co. announced Wednesday that it had made improvements to Luxteel Bio, South Korea’s first anti-bacteria coated steel sheet, to develop a product that can kill 99.9 percent of coronavirus agents within 30 [...]

Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

Department Store Cosmetics Sales Rebound After Restrictions on Sample Use Lifted

SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]