SEOUL, March 22 (Korea Bizwire) — SKC Inc., the chemical unit of South Korean conglomerate SK Group, said Monday it will spend 700 billion won (US$620 million) to build its first overseas manufacturing factory for copper foil, one of key materials for electric vehicle batteries, in Malaysia. SKC and its copper foil making unit, SK [...]
SEOUL, March 22 (Korea Bizwire) — Mando Corp., a South Korean auto parts maker, said Monday it has struck a deal to supply automotive suspension systems to Volkswagen Group. The deal is valued at 1.4 trillion won (US$1.2 billion), the company said in a regulatory filing. Mando said it will build 50 million suspension components [...]
SEOUL, March 18 (Korea Bizwire) — South Korean fuel cell maker Doosan Fuel Cell Co. said Thursday that it will team up with Korea Shipbuilding & Offshore Engineering Co. (KSOE) to develop solid oxide fuel cells (SOFCs), energy conversion devices that generate electricity, to be used for ships. Under a preliminary deal with KSOE, the [...]
ULSAN, March 18 (Korea Bizwire) – South Korea’s largest shipbuilder, Hyundai Heavy Industries Co., said Wednesday that it had introduced quantum cryptography communication technology for the first time among global shipyards, aimed at ensuring stronger security for its defense technologies. Under the initiative of establishing quantum cryptography communication infrastructure, the company successfully set up a [...]
SEOUL, March 18 (Korea Bizwire) — Hanwha Q Cells Co., a South Korean solar cell maker, said Wednesday that it has released two types of new solar modules – a bifacial model that can accept light on both the front and rear surfaces, and a floating model that is optimized for marine environments. The newly-released [...]
SEOUL, March 16 (Korea Bizwire) — Shares in South Korean battery makers plunged Tuesday after Volkswagen announced plans to produce its own batteries and gradually switch the type of battery used in its electric vehicles. The German carmaker said Monday it will build six battery factories in Europe to have a total capacity of 240 [...]
SEOUL, March 16 (Korea Bizwire) — Samsung Display Co., a major display maker in South Korea, said Tuesday it targets to expand its presence in the gaming display market with its OLED panels for smartphones. Samsung Display said its 6.78-inch OLED panel is used in Asus’ Republic of Gamers (ROG) Phone 5 launched last week, [...]
SEOUL, March 14 (Korea Bizwire) – SK global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid [...]
SEOUL, March 13 (Korea Bizwire) — Georgia Gov. Brian Kemp has asked U.S. President Joe Biden to overturn a U.S. trade panel’s decision against SK Innovation Co. in a trade secret case over electric vehicle (EV) batteries. Kemp repeated his request to save thousands of jobs in northeast Georgia directly tied to an SK Innovation’s [...]
SEOUL, March 12 (Korea Bizwire) — POSCO Chairman Choi Jeong-woo won a second term to lead the South Korean steel giant for another three years, POSCO said Friday. The decision at the company’s annual shareholders meeting came as POSCO has been pushing to boost production capacity of key components for electric vehicle batteries as part [...]