SEOUL, June 10 (Korea Bizwire) — Kolon Industries Inc., a textile and chemical materials maker, announced on Wednesday that it had applied for a patent for an eco-friendly adhesive resin developed using wood byproducts, a first in South Korea. The company developed the eco-friendly lignin resin using a high molecular chemical compound lignin that is [...]
SEOUL, June 9 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday that it has teamed up with a local nuclear research institute to develop nuclear-powered ships. Under the cooperation with the Korea Atomic Energy Research Institute (KAERI), Samsung Heavy plans to develop molten salt reactors, a kind of small module reactor using molten fluoride [...]
SEOUL, June 8 (Korea Bizwire) — Three Korean battery makers are set to showcase their next-generation battery products and technologies at a major industry fair to get ahead in the toughening competition in the fast growing electric vehicle battery market, the companies said Tuesday. LG Energy Solution Ltd., Samsung SDI Co., and SK Innovation Co. [...]
SEOUL, June 8 (Korea Bizwire) — Samsung Display Co., a major display panel maker in South Korea, is on track to produce its next-generation displays in the second half of the year, industry insiders said Tuesday. Samsung Display is set to release pilot products of the quantum-dot (QD) display for TVs and monitors this month [...]
SEOUL, June 8 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Tuesday it has struck a deal to buy a 7.5 percent stake in an Australian chemical company for 12 billion won (US$10.8 million) for a stable supply of critical metals used in electric vehicle batteries. LG Energy Solution, the wholly [...]
SEOUL, June 3 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has joined forces with local firms and a local government to develop a hydrogen-fueled gas turbine for electricity generation. Doosan Heavy will develop technologies and related parts for the hydrogen-fueled gas turbine, and its [...]
SEOUL, June 2 (Korea Bizwire) — Global monitor panel shipments declined in the first quarter of the year, a report showed Wednesday, mainly due to Samsung Display Co.’s exit from the monitor LCD display manufacturing business and a shortage of semiconductors. The worldwide monitor panel shipments fell 8.6 percent on-quarter to 39.9 million units in [...]
SEOUL, June 1 (Korea Bizwire) — Ahead of the enforcement of the so-called severe disaster law, which is slated to take effect next January, South Korea’s major construction companies are beefing up investment in safety. Under the new legislation, business owners or CEOs are subject to at least one year in prison or up to [...]
SEOUL, May 31 (Korea Bizwire) — South Korean steelmakers have raised automotive steel prices for the first time in four years, people familiar with the matter said Monday, a move that could boost their bottomlines. POSCO, the country’s largest steelmaker, reached a deal with Hyundai Motor Co. and Kia Corp., the country’s two biggest carmakers, [...]
SEOUL, May 31 (Korea Bizwire) — POSCO has teamed up with a Chinese company to roll out an eco-friendly secondary cell recycling business. The world’s fifth-largest steelmaker by output recently signed an investment contract with the South Jeolla provincial government for the development of the new entity. Prior to this, POSCO established a joint venture [...]