SEOUL, April 28 (Korea Bizwire) — LS Cable & System Ltd., South Korea’s biggest cable company, said Monday its unit has received a 22.7 billion-won (US$15.8 million) submarine power cable deal in Taiwan. LS Marine Solution Co. will install submarine power cables for Taiwan Power Company’s (TPC) offshore wind power plant by May 2026, the [...]
SEOUL, April 28 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-largest battery maker, said Monday it will promote its latest energy storage system (ESS) battery products at a major European battery exhibition next month. Samsung SDI will take part in InterBattery Europe 2025, one of the key exhibitions under The Smarter E Europe — [...]
SEOUL, April 28 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle maker, said Monday it has opened its first overseas “experience space” for its instant noodle, or ramyeon, products in Peru. Nongshim launched the new venue, named “Shin Ramyun Bunsik,” near Machu Picchu on April 21 (local time), aiming to promote its ramyeon [...]
SEOUL, April 27 (Korea Bizwire) — Coupang announced on April 27 that it has established a new recycling system to repurpose expired “Rocket Fresh Bags,” using their plastic components to manufacture cargo pallets. Introduced in March 2020, Rocket Fresh Bags are reusable insulated bags designed to deliver fresh food while minimizing environmental impact. Made from high-strength [...]
CHANGWON, South Korea, April 27 (Korea Bizwire) – Hanwha Aerospace Co. is seeking to join a U.S. Department of Defense initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea’s strategic role in allied security [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s biohealth industry is projected to grow at an annual rate of nearly 9 percent, reaching $370.3 billion by 2030 and ranking eighth globally, according to a new market outlook released by the Korea Health Industry Development Institute (KHIDI) on April 25. The report, titled 2025 Global Biohealth [...]
PYEONGTAEK, April 25, (Korea Bizwire) — The city of Pyeongtaek in Gyeonggi Province is emerging as a national leader in South Korea’s hydrogen economy, expanding its infrastructure, attracting global investment, and advancing research to position itself at the forefront of clean energy innovation. On April 25, city officials detailed an ambitious roadmap that includes scaling [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will “prudently” decide whether to join the Alaska liquefied natural gas (LNG) project after conducting an on-site field inspection of the project, Seoul’s industry minister said Friday. Industry Minister Ahn Duk-geun said the government will approach the matter “prudently” as it is tied to the country’s energy [...]
SEOUL, April 25 (Korea Bizwire) — SK On Co., the battery affiliate of South Korea’s SK Group, said Friday it has been selected as a battery supplier for U.S.-based electric vehicle (EV) startup Slate. Under the deal, SK On will supply 20 gigawatt-hours (GWh) of batteries to Slate from 2026-2031, with an option to increase [...]
SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Friday it swung to a net loss in the first quarter from a year earlier due to a prolonged slump in the electric vehicle (EV) market. In the three months ended March, the company posted a net loss of 216 [...]