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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 [...]

Food Company Daesang Forms Joint Venture in Poland to Expand Kimchi in Europe

Food Company Daesang Forms Joint Venture in Poland to Expand Kimchi in Europe

SEOUL, Nov. 7 (Korea Bizwire) — Food company Daesang Corp. said Monday it has formed a joint venture with a Polish fermented food maker as the South Korean maker tries to expand the traditional fermented vegetable dish globally. Daesang said it has agreed on a 76-24 joint venture called “Daesang ChPN Europe” with Charsznickie Pola [...]

Samsung, SK hynix Take Part in Semiconductor Climate Consortium

Samsung, SK hynix Take Part in Semiconductor Climate Consortium

SEOUL, Nov. 3 (Korea Bizwire) — A global chipmaking industry association has established a climate consortium as part of efforts to reduce emissions of greenhouse gases throughout the global chip supply network. According to Semiconductor Equipment and Materials International (SEMI), more than 60 global chipmakers participated as founding members of its new Semiconductor Climate Consortium [...]

Lotte Shopping Partners with Ocado of Britain to Expand E-grocery Biz

Lotte Shopping Partners with Ocado of Britain to Expand E-grocery Biz

SEOUL, Nov. 1 (Korea Bizwire) — Lotte Shopping Co. said Tuesday it has partnered with Britain’s Ocado Group Plc., a leading online grocery tech platform provider, to strengthen its e-grocery business. Through the partnership, Lotte Shopping, the retail arm of South Korea’s fifth largest conglomerate Lotte Group, plans to invest around 1 trillion won (US$705.2 [...]