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S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

SEOUL, July 9 (Korea Bizwire) — New orders won by South Korea’s shipbuilders tumbled 67 percent in the first half of the year from a year ago as the coronavirus pandemic ravaged demand, industry data showed Thursday. In the first half of this year, South Korean shipbuilders’ new orders came to 1.18 million compensated gross [...]

Samsung Display Accelerates its Transition to QD Displays

Samsung Display Accelerates its Transition to QD Displays

SEOUL, July 1 (Korea Bizwire) — Samsung Display Co., a major display panel maker in South Korea, said Wednesday it has brought in manufacturing equipment for its next-generation display as the company speeds up its migration from the liquid crystal display (LCD) business. Samsung Display said its production equipment for quantum-dot (QD) displays has been [...]

Korean Shipbuilders Rush to Develop Eco-friendly Ships amid Regulations

Korean Shipbuilders Rush to Develop Eco-friendly Ships amid Regulations

SEOUL, June 30 (Korea Bizwire) — Hyundai Heavy Industries Co. and other major shipbuilders are scurrying to develop eco-friendly power systems for ships in order to clinch more deals amid toughened emission regulations. The International Maritime Organization (IMO) has adopted mandatory steps under which carriers are required to operate a fleet of vessels designed to [...]

SK Innovation to Invest Another US$940 mln in Georgia

SK Innovation to Invest Another US$940 mln in Georgia

SEOUL, June 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, will invest another US$940 million in expanding its electric vehicle (EV) battery plant in the United States, a U.S. official has said. Georgia Gov. Brian P. Kemp said the new project is in addition to SK Innovation’s $1.67 billion [...]

Cement Industry Steps Up Efforts to Replace Japanese Coal Ash

Cement Industry Steps Up Efforts to Replace Japanese Coal Ash

SEOUL, June 29 (Korea Bizwire) — South Korea’s cement industry has launched a drive to reduce the use of Japanese coal ash, while accelerating efforts to develop technology that can promote the use of domestically-made alternatives. The Korea Cement Association announced on Thursday that it will launch a project to develop process technology and facilities [...]