SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won (US$6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry [...]
SEOUL, Jan. 14 (Korea Bizwire) — Top construction equipment maker Doosan Infracore Co. on Thursday gained the upper hand in a lawsuit brought against it by investors in its Chinese unit Doosan Infracore China Co. (DICC) as the Supreme Court sent the case back to a lower court for retrial. The highest court ordered the [...]
SEOUL, Jan. 14 (Korea Bizwire) – Samsung Display Co. on Thursday signed a collective agreement with its labor union, becoming the first electronics affiliate of Samsung Group to ink such a deal. The agreement was reached about seven months after the management and the labor union started to negotiate on welfare programs and working condition improvements. Samsung [...]
SEOUL, Jan. 12 (Korea Bizwire) — Kolon Industries, a South Korean industrial materials company, said Tuesday it will expand its tire cord plant in Vietnam to increase exports of the product from the Southeast Asian country. Kolon Industries will invest 68 billion won (US$62 million) in its wholly owned Kolon Industries Binh Duong Company Ltd. [...]
SEOUL, Jan. 11 (Korea Bizwire) — LG Display Co. on Monday introduced its upgraded OLED TV panel that boasts better picture quality at the world’s largest tech expo, as the South Korean display maker aims to cement its leading status in the market. LG Display, the world’s top large OLED panel maker, unveiled a 77-inch [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s top construction equipment maker Doosan Infracore Co. said Monday that its excavator sales in China rose 22 percent last year from a year earlier on the back of infrastructure investment expansion by the Chinese government. Doosan Infracore sold 18,686 excavators in the country last year, compared with [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s small-sized construction equipment maker Doosan Bobcat Co. said Friday that it has bought a stake in U.S. radar maker Ainstein. Doosan Bobcat did not reveal the vale of the deal, or how much stake it bought in the U.S. company, citing a confidentiality agreement with the U.S. [...]
SEOUL, Jan. 7 (Korea Bizwire) — Samsung Display Co., the world’s largest mobile display maker, on Thursday unveiled its new brand and logo for its organic light-emitting diode (OLED) display products as the company vowed to bolster its OLED business this year. The company said its OLED panels will be produced under the brand of [...]
SEOUL, Jan. 7 (Korea Bizwire) — South Korean steelmakers are expected to see their earnings bounce back in the first quarter of the year on a recovery in demand and rising prices, analysts said Thursday. The rosy outlook represents a stark turnaround from their dismal performances last year in the wake of the coronavirus pandemic [...]
SEOUL, Jan. 6 (Korea Bizwire) – SK Innovation Co., a South Korean refinery-to-battery company, plans to issue a green bond worth 1.09 trillion won (US$1 billion) to expand its electric vehicle (EV) battery manufacturing capacity in the United States, officials said Wednesday. SK battery America Inc., the Korean firm’s U.S. subsidiary, will issue the green bond, [...]