SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipbuilders took the No. 1 ranking in new shipping orders in August for the second consecutive month on the back of orders for liquefied natural gas carriers, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, the Korean shipbuilders’ new [...]
SEOUL, Sept. 7 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, is considering building its third battery plant in Hungary to meet growing demand for EV batteries amid the global race for zero-emissions cars. “We have launched certain processes, such as looking for a candidate site” for the [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s midsized shipbuilders have been stuck in a prolonged slump amid weak orders caused by the coronavirus pandemic, and their turnaround is not plausible in the foreseeable future. Three midsized shipbuilders — Hanjin Heavy Industries & Construction Co., Daesun Shipbuilding Engineering Co. and STX Offshore & Shipbuilding Co. [...]
SEOUL, Sept. 4 (Korea Bizwire) — SK Innovation Co., a South Korean manufacturer of electric vehicle (EV) batteries, denied Friday that it destroyed documents related to an EV battery patent case in the latest tit-for-tat ahead of a crucial verdict in the United States. SK Innovation claimed it developed the 994 patent, while LG Chem [...]
SEOUL, Sept. 2 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, became the largest supplier of electric vehicle (EV) batteries in the first seven months of this year, data showed Tuesday. Based on the global usage of EV batteries, LG Chem’s market share stood at 25.1 percent in the January-July period, compared [...]
SEOUL, Aug. 24 (Korea Bizwire) – Malaysia’s Petronas Chemicals said Monday it has signed a deal with South Korean chemical giant LG Chem to build a latex plant in Malaysia in a move to meet growing demand for nitrile gloves amid the COVID-19 pandemic. The construction of a nitrile butadiene latex (NBL) manufacturing plant will [...]
SEOUL, Aug. 24 (Korea Bizwire) — Global shipbuilding giant Hyundai Heavy Industries (HHI) Group said Monday it has built a very large container ship powered by liquefied natural gas (LNG) for the first time in the world. The group said Hyundai Samho Heavy Industries Co., one of its shipbuilding units, will deliver the vessel with [...]
SEOUL, Aug. 17 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals firm, is seeing its electric vehicle (EV) battery business in full swing on the back of rising orders, industry sources said Monday. The company’s EV battery business posted 5.08 trillion won in sales in the first half of the year, accounting for [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s No. 1 construction equipment maker Doosan Infracore Co. said Thursday that it will cooperate with a video game software development company to develop a virtual construction process simulator. The simulator will help raise the efficiency of construction work management and prevent mistakes in mapping out construction work [...]
GEOJE ISLAND, Aug. 12 (Korea Bizwire) — Hundreds of workers put the final touches on the St. Petersburg, one of the world’s largest container ships, at a shipyard in southern South Korea this week as the Asian country pushes to revive its shipping industry. The workers tested marine and electrical systems of the vessel with [...]