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Umicore Sets Up Rechargeable Battery Research Lab in S. Korea

Umicore Sets Up Rechargeable Battery Research Lab in S. Korea

SEOUL, May 10 (Korea Bizwire) — Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday. Umicore’s central technology center is based in Cheonan, about 90 kilometers south of Seoul, and serves as the company’s Asian hub [...]

LG Chem to Convert Carbon Dioxide to Carbon Monoxide for Plastic Production

LG Chem to Convert Carbon Dioxide to Carbon Monoxide for Plastic Production

SEOUL, May 10 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical maker, has developed a new process to convert carbon dioxide in the air into a high value-added material needed for plastic production. The company said Monday it had developed an electrochemical reactor in collaboration with the Korea Institute of Science and Technology [...]

Samsung SDI Q1 Net More than Doubles on Strong Battery Sales

Samsung SDI Q1 Net More than Doubles on Strong Battery Sales

SEOUL, April 28 (Korea Bizwire) — Samsung SDI Co. said Thursday its first-quarter net profit more than doubled from a year earlier on the back of strong sales in mid-to-large battery and premium electric vehicle battery products. Net income came to 362.7 billion won (US$286.6 million) in the January-March period, compared with a net profit [...]