SEOUL, Dec. 1 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, announced Monday that Right Route, an eco-friendly social enterprise sponsored by the company, has developed a high-end fabric by upcycling old EV battery separators. Lithium-ion battery separators are a core component of EV batteries, smartphones and other [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]
SEOUL, Nov. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday that it has succeeded in a ship-to-ship liquefied natural gas (LNG) loading test for the first time in the global shipbuilding industry. The ship-to-ship LNG loading test was aimed at streamlining procedures to verify the safety of newly built LNG carriers’ [...]
SEOUL, Nov. 24 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an artificial intelligence (AI) welding quality monitoring robot for the first time in the shipbuilding industry. The robot inspects the welded parts of ships and offshore plants with a 3-D modeling program and carries out automated welding quality [...]
SEOUL, Nov. 24 (Korea Bizwire) — Combined order backlogs of South Korea’s top five shipbuilders, led by Hyundai Heavy Industries Co., fell 22 percent in the first nine months of the year from the end of last year due to decreased new orders amid the coronavirus pandemic, industry sources said Tuesday. But their good financial [...]
SEOUL, Nov. 24 (Korea Bizwire) — A recent surge in coronavirus infections at home and abroad is likely to come as a big draw on South Korean oil refiners already battered by the fallout from the pandemic, industry sources said Tuesday. Whipsawed by weak oil prices and sluggish refining margins, industry leader SK Innovation Co. [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean flat panel maker LG Display Co. has signed a deal with Japan’s Panasonic Corp. on supply of its transparent organic light-emitting diode (OLED) panels, an industry official said Sunday. The panels will be used in Panasonic’s 55-inch OLED display modules, which in turn can be used for [...]
SEOUL, Nov. 22 (Korea Bizwire) – Nearly two-thirds of South Korean manufacturing firms believe that the business environment will not change much under the forthcoming Joe Biden administration in the United States, a poll showed Sunday. According to a survey conducted by the Korea Chamber of Commerce and Industry (KCCI), 65.3 percent of local manufacturers [...]
SEOUL, Nov. 20 (Korea Bizwire) — Doosan Solus Co., a South Korean copper foil maker, said Friday that it has commenced the commercial production of battery cooper foil at its Hungary plant. Last August, Doosan Solus completed its battery copper foil plant in Hungary with a capacity of 10,000 tons. The company plans to increase [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korean battery makers are struggling as global automobile manufacturers are choosing to issue recalls for their electric vehicles (EVs). The U.S. automotive giant General Motors Co. reportedly made a decision to recall 68,000 Bolt EVs manufactured between 2017 and 2019. Bolt EV uses batteries made at LG Chem [...]