SEOUL, Sept. 29 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers accounted for about a third of the global market in the first eight months of the year, but they are facing toughening competition with Chinese rivals, a market research firm said Thursday. The trio — LG Energy Solution Ltd., Samsung SDI [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean shipping lines are expected to chalk up record earnings for the third quarter of the year thanks to surging freight rates, a market tracker said Tuesday. HMM Co., South Korea’s largest container shipper, is projected to post a consolidated operating income of 1.82 trillion won (US$1.54 billion) [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung Electronics Co. and Hyundai Steel Co. said Monday they have developed a new technology that can reuse wastewater sludge created during the chip manufacturing process as a supplementary material in steelmaking. The two firms joined hands to develop a recycling technology utilizing calcium fluoride in semiconductor wastewater sludge [...]
SEOUL, Sept. 24 (Korea Bizwire) — SKC Co., a chemical unit of South Korean conglomerate SK Group, said Friday it will expand its manufacturing capacity for major battery materials to capture a bigger share of the growing segment. SKC said it aims to generate over 80 percent of its earnings from electric vehicle (EV) material [...]
SEOUL, Sept. 17 (Korea Bizwire) — SKC Inc., a chemical manufacturing arm of SK Group, is stepping up to develop and commercialize biodegradable LIMEX, which will dramatically cut down the use of plastic. The company said Thursday that it has joined hands with Japanese eco-friendly materials developer TBM Co. to produce SK TBM Geostone. The [...]
SEOUL, Sept. 17 (Korea Bizwire) – South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a 350 billion won (US$297.5 million) deal to acquire a 4.8 percent stake in China’s Greatpower Nickel & Cobalt Materials Co. for a stable supply of battery materials. The wholly owned subsidiary of LG Chem Ltd. [...]
SEOUL, Sept. 16 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier, HI AIR Korea Co., will help ships in operation reduce their carbon dioxide emissions to [...]
SEOUL, Sept. 16 (Korea Bizwire) — SK Innovation Co. said Thursday it has received shareholders’ approval to split off its battery unit to focus on new growth drivers. With the approval, the refinery-to-battery subsidiary under South Korea’s No. 3 conglomerate, SK Group, will be split into two entities that are respectively in charge of its [...]
SEOUL, Sept. 16 (Korea Bizwire) — Samsung Display Co. said Thursday it has begun mass-production of laptop OLED screens boasting 90Hz refresh rate as the South Korean display maker eyes to beef up presence in the OLED panel market. Samsung Display, an affiliate of Samsung Electronics Co., said its 90Hz refresh rate OLED panels are [...]