SEOUL, Nov. 4 (Korea Bizwire) — SES, a Singapore-based battery developer with investments from big South Korean companies, like SK Inc. and Hyundai Motor Co., unveiled Thursday its next-generation hybrid lithium-metal battery large enough to power a sedan or SUV with the aim of commercialization by 2025. The 107 amp-hour “Apollo,” showcased at a virtual [...]
SEOUL, Nov. 4 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has developed a virtual experience platform for ship construction for the first time in the local shipbuilding industry. The platform is mixed reality combining technologies of virtual reality and augmented reality, which allows for the experience of all processes [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korean construction equipment makers led by Hyundai Doosan Infracore Co. are seeking to expand their presence in emerging markets, such as South America, as part of efforts to tackle slow sales in their main Chinese market. Hyundai Doosan Infracore and Hyundai Construction Equipment Co., the country’s leading excavator [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korean chemical company SK Chemicals Co. said Tuesday it had launched the mass production of ECOTRIA CR, a polyethylene terephthalate glycol (PETG) copolyester product that is made from chemically recycled material, for the first time in the world. The company started mass-producing ECOTRIA CR at its Ulsan plant [...]
SEOUL, Nov. 2 (Korea Bizwire) — German chemical giant BASF S.E. said Tuesday it opened a new research and development (R&D) center in South Korea for engineering plastics that are widely used in automotive and consumer electronics, as part of an expansion in the Asian market. The Engineering Plastics Innovation Center Korea, or EPIC Korea, [...]
SEOUL, Nov. 2 (Korea Bizwire) – Samsung SDI Co., a South Korean battery maker, said Tuesday its third-quarter net profit jumped 74.7 percent from a year earlier backed by robust sales in electric vehicle (EV) batteries. Net income reached 420.4 billion won (US$357.6 million) in the July-September period, compared with 240.6 billion won from a [...]
SEOUL, Nov. 1 (Korea Bizwire) — SKC Co., a chemical unit of South Korea’s No. 3 conglomerate SK Group, said Monday it will invest US$33 million in a British battery materials maker with two private equity funds and other investors in a bid to tap into the fast-growing sector. SKC will form a consortium with [...]
SEOUL, Oct. 29 (Korea Bizwire) — Shareholders of SK Materials Co., a semiconductor and display materials arm under SK Group, on Friday approved a plan to merge with its parent company, SK Inc., paving the way for the latter to bolster investment in new growth drivers, including battery materials. The merger approval, released in a [...]
SEOUL, Oct. 29 (Korea Bizwire) — SK Innovation Co. said Friday it turned to the black in the third quarter from a year earlier on strong sales in its lubricant oil and battery businesses amid reviving demand after a pandemic-driven slump. The energy and chemical subsidiary of SK Group, South Korea’s No. 3 conglomerate, reported [...]
ATLANTA, Oct. 28 (Korea Bizwire) — The U.S. state of Georgia on Thursday welcomed SKC Co.’s decision to build a glass-based substrate plant there, saying it would help create jobs. Hailing SKC’s decision as an unprecedented big project, Georgia Gov. Brian P. Kemp tweeted that it would help create more jobs and shows the state is [...]