SEOUL, Oct. 22 (Korea Bizwire) — South Korea’s small-sized construction equipment maker Doosan Bobcat Co. said Thursday that its European unit Doosan Bobcat EMEA Ltd. has held a virtual event to launch its new product line as part of efforts to expand sales in Europe. The line of 12 new products includes a compact wheel [...]
SEOUL, Oct. 22 (Korea Bizwire) — South Korean steelmaker POSCO has joined hands with KT Corp., a major telecommunications firm, to promote smart green cities. The two companies, together with Mystech Co., a local company that specializes in the production of street facilities such as street lamps, signed a business cooperation agreement on Wednesday. Under [...]
SEOUL, Oct. 21 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday its third-quarter net profit more than quadrupled from a year earlier, helped by robust sales of petrochemical and battery products. For the three months ending in September, its net profit soared to 570.39 billion won (US$503 million) from 137.19 [...]
SEOUL, Oct. 21 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Wednesday it has won approval for its design for its upgraded floating liquefied natural gas (LNG) facility from ABS, a U.S. ship quality assurance and risk management company. The approval in principle for Daewoo Shipbuilder’s design for the LNG offshore facility by [...]
SEOUL, Oct. 21 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, said Wednesday it has signed a partnership deal with an affiliate of U.S. entertainment conglomerate Walt Disney Co. to better promote its OLED technology. Under the deal with Disney’s StudioLAB, a technology hub focused on studying advanced filming [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, has succeeded in developing a new single-source biodegradable material for the first time in the world. The company announced on Monday that it succeeded in in-house development of the new material by using corn-based glucose and waste glycerol that features a [...]
SEOUL, Oct. 20 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an AI robot for metalworking in the construction of ships for the first time in the world. The AI hot working robot, called Goknuri, is now used to shape steel plates into curved ones at the front and [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korean fuel cell maker Doosan Fuel Cell Co. said Monday that it will invest 72.4 billion won (US$63.4 million) to build a cutting-edge fuel cell plant. Doosan Fuel Cell, a unit of cash-strapped Doosan Group, aims to churn out solid oxide fuel cells (SOFCs), energy conversion devices generating [...]
SEOUL, Oct. 19 (Korea Bizwire) — LG Chem Ltd. and SK Innovation Co. — South Korea’s top two electric vehicle battery makers — appear unlikely to produce a breakthrough in their high-stakes trade secret case over EV batteries ahead of next week’s final ruling in the United States, industry officials said Monday. A key issue [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday it has successfully navigated its 300-ton remote autonomous ship. The 38-meter-long ship was operated in seas off Geoje Island, 398 kilometers south of Seoul, via a remote control system at a research center located in Daejeon, 250 kilometers away from [...]