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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 [...]

POSCO to Develop New Steelmaking Technology to Achieve Carbon Neutrality

POSCO to Develop New Steelmaking Technology to Achieve Carbon Neutrality

SEOUL, March 1 (Korea Bizwire) — Vowing for carbon neutrality by 2050, the steel industry is scrambling to develop hydrogen reduction iron and steel production technology. POSCO, the world’s fifth-largest steelmaker by output, recently joined hands with Hyundai Motor Group to develop steel production technology that uses hydrogen instead of coal to produce iron. The [...]

Hyundai Heavy Develops Ship with Airborne Infection Isolation Rooms

Hyundai Heavy Develops Ship with Airborne Infection Isolation Rooms

ULSAN, Feb. 26 (Korea Bizwire) — South Korean shipbuilder Hyundai Heavy Industries Co. said Thursday that it had developed a ship that prevents the spread of pandemics such as the coronavirus. The new vessel comes with an airborne infection isolation room and a ventilation system that fulfills the guidelines set by the Korea Disease Control [...]

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

S. Korean Battery Makers Face Uncertainty over Safety Issues, Lawsuit

SEOUL, Feb. 25 (Korea Bizwire) — South Korean battery makers are facing uncertainty over their businesses on safety issues and legal disputes amid an intensifying competition for the booming market as automakers rush to go all electric. Three manufacturers — LG Energy Solution Ltd., Samsung SDI Co. and SK Innovation Co. — are well-positioned suppliers [...]

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

POSCO Chemical to Boost Production Capacity of Cathodes for EV Batteries

SEOUL, Feb. 23 (Korea Bizwire) — POSCO Chemical Co., an affiliate of South Korea’s steel giant POSCO Group, said Tuesday it will invest 275.8 billion won (US$248 million) to expand its production capacity of cathodes, a key component for electric vehicle (EV) batteries. POSCO Chemical said the plant in the southern city of Gwangyang will [...]

Korean Shipbuilders Up 2021 Order Target on Eco-friendly Ships, Sector Recovery

Korean Shipbuilders Up 2021 Order Target on Eco-friendly Ships, Sector Recovery

SEOUL, Feb. 12 (Korea Bizwire) — South Korean shipbuilders led by Hyundai Heavy Industries Co. have jacked up their order targets for this year by over 40 percent compared with last year, as the global shipbuilding industry is expected to see a boom on the back of toughened environmental regulations. Korea Shipbuilding & Offshore Engineering [...]