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SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]

POSCO’s Argentine Salt Lake Contains More Lithium Reserves than Expected

POSCO’s Argentine Salt Lake Contains More Lithium Reserves than Expected

SEOUL, Oct. 23 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Wednesday that its salt lake in Argentina contains more lithium reserves than its original calculation, allowing the company to safely secure a key commodity for making electric vehicle batteries. POSCO said its latest exploration of the Salar del Hombre Muerto salt lake in [...]

Hanwha Q Cells to Use AI-based Production System

Hanwha Q Cells to Use AI-based Production System

JINCHEON, Oct. 17 (Korea Bizwire) — South Korea’s leading solar cells and modules manufacturer, Hanwha Q Cells, has said it plans to begin using an artificial intelligence-based production system around 2021 to beef up its competitiveness in the photovoltaic market. Hanwha Q Cells said its plant in Jincheon is set to use self-learning software to [...]

S. Korea Develops Easily Controllable Robot Operating Device

S. Korea Develops Easily Controllable Robot Operating Device

SEOUL, Oct. 15 (Korea Bizwire) — South Korea has developed a machine control device that can make robot operations easily and safely, a state-run institute said Tuesday, a move that could lead to the growth of smart factories. The “robot-teaching” apparatus created by researchers at the Department of Robotics and Mechatronics led by Do Hyun-min [...]

SK Global Chemical to Acquire Arkema’s Functional Polyolefins Business for 335 mln Euros

SK Global Chemical to Acquire Arkema’s Functional Polyolefins Business for 335 mln Euros

SEOUL, Oct. 15 (Korea Bizwire) — SK Global Chemical Co., a chemical affiliate of South Korea’s energy giant SK Innovation Co., said Tuesday it will acquire French chemical firm Arkema S.A.’s functional polyolefins business for 335 million euros (US$369 million) in the latest move to boost its packaging business. SK Global Chemical said the acquisition [...]

Korean Shippers Set to Join Hands to Win Huge LNG Shipping Orders from Qatar

Korean Shippers Set to Join Hands to Win Huge LNG Shipping Orders from Qatar

SEOUL, Oct. 13 (Korea Bizwire) — South Korean shippers are considering joining hands to win massive liquefied natural gas (LNG) transportation orders to be placed by Qatar, industry sources said Sunday. Five bulkers — reportedly Korea Line Corp., Pan Ocean Co., SK Shipping Co., Hyundai LNG Shipping Co. and H-Line Shipping Co. — are set [...]