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SK Energy, Doosan Fuel Cell to Establish On-site Hybrid Energy Stations

SK Energy, Doosan Fuel Cell to Establish On-site Hybrid Energy Stations

SEOUL, Nov. 23 (Korea Bizwire) — SK Energy Co., South Korea’s leading gas station operator, has teamed up with fuel cell maker Doosan Fuel Cell Co. to establish on-site hybrid energy stations that use fuel cells to generate hydrogen, electricity and heat simultaneously. The two parties jointly announced on Tuesday that they had formed a [...]

SK Geocentric to Build a Plastic Pyrolysis Plant with British Firm

SK Geocentric to Build a Plastic Pyrolysis Plant with British Firm

SEOUL, Nov. 16 (Korea Bizwire) – SK Geocentric Co., a South Korean chemical company, said Wednesday it has signed an initial agreement with a British firm to build a plastic pyrolysis plant here, as it accelerates the push for advanced plastic waste recycling. The head of agreement, signed with the London-based Plastic Energy Ltd., commits [...]

Hyundai Signs MOU for Mobility Partnership in Indonesia’s Capital Relocation Project

Hyundai Signs MOU for Mobility Partnership in Indonesia’s Capital Relocation Project

SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, [...]

Hyundai Motor Signs Supply Deal with Indonesian Aluminum Producer

Hyundai Motor Signs Supply Deal with Indonesian Aluminum Producer

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Sunday it has signed a deal with an Indonesian aluminum company to secure a stable supply of the key material required in electric vehicle manufacturing. Hyundai Motor signed a memorandum of understanding with PT Adaro Minerals Indonesia Tbk for the partnership during the [...]

LG Energy Solution Secures Long-term Lithium Carbonate Supply from U.S. Producer

LG Energy Solution Secures Long-term Lithium Carbonate Supply from U.S. Producer

SEOUL, Nov. 11 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a binding agreement with a U.S. minerals provider for a long-term supply of a key lithium product used in electric vehicle (EV) lithium-ion batteries. The offtake agreement with Compass Minerals Inc. is for 40 percent of [...]

SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday its third-quarter net profit dropped 66.7 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 245.6 billion won (US$180.4 million) on a consolidated basis in the [...]

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

SEOUL, Nov. 8 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Tuesday its third-quarter net profit fell 3.4 percent from a year earlier due to an increase in operating expenses. KT’s net income amounted to 326.2 billion won (US$235.5 million) on a consolidated basis in the July-September period, compared with 337.7 [...]