SEOUL, Sept. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday that the initial public offering (IPO) of its planned spin-off battery business unit could take about a year as it seeks ways to strengthen its leading position in the market. LG Chem on Thursday decided to spin off its [...]
SEOUL, Sept. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday that it has decided to spin off its battery business in a move to further boost its leading position in the sector amid growing demand for electric vehicle (EV) batteries. The new entity — tentatively called LG Energy Solutions [...]
SEOUL, Sept. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, will hold a board meeting this week to discuss a spinoff of its battery business, people familiar with the matter said Wednesday. LG Chem could finalize its decision on the issue in an emergency board meeting on Thursday, they said. The [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean shipbuilder Hyundai Samho Heavy Industries Co. said Wednesday it has delivered the world’s first container ship powered by liquefied natural gas (LNG) to a Singaporean shipping company. The LNG-powered container ship with a capacity of 14,800 twenty-foot equivalent units (TEUs) is one of six ships to be [...]
SEOUL, Sept. 16 (Korea Bizwire) — Samsung Display Co. said Wednesday it has commercialized a foldable display panel with the smallest radius of curvature in the world. Samsung Display said its latest foldable OLED panel that was applied to Samsung Electronics Co.’s Galaxy Z Fold 2 smartphone has a 1.4R rating for its curvature, which [...]
SEOUL, Sept. 11 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Friday that it will nurture digital technology workforces to improve the management and production procedure of its shipyards. A program to be run by the software education center of Korea Advanced Institute of Science and Technology (KAIST) will train experts of ship-related [...]
SEOUL, Sept. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, announced on Thursday that the unmanned aerial vehicle (UAV) EAV-3, powered by the company’s next-generation lithium-sulfur (Li-S) battery, set a new altitude record for South Korea. The EAV-3 is a solar-powered UAV developed by the Korea Aerospace Research Institute and powered [...]
SEOUL, Sept. 9 (Korea Bizwire) — Construction equipment maker Doosan Bobcat Co. said Wednesday it has launched new mowers in the North American market. Doosan Bobcat aims to increase its sales to 100 billion won (US$84 million) this year and double the sales by 2024 in the landscape equipment market in the region, the company [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday that it has signed a deal to provide pressurizers to the global artificial sun project consortium. Under the deal signed with the International Thermonuclear Experimental Reactor (ITER) consortium launched in late 2006, Doosan Heavy Industries along [...]
SEOUL, Sept. 9 (Korea Bizwire) — HMM Co., South Korea’s biggest shipping company by sales, has teamed up with Samsung Heavy Industries Co., a major shipyard, to conduct research on eco-friendly smart vessels. The company announced on Tuesday that it had signed a memorandum of understanding (MOU) with Samsung Heavy to carry out research on [...]