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Hyundai Electric, GE Launch Offshore Wind Power Venture

Hyundai Electric, GE Launch Offshore Wind Power Venture

SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., an energy solution unit of shipbuilding giant Hyundai Heavy Industries Group, has teamed up with GE Renewable Energy, a subsidiary of U.S. industrial giant General Electric Co., to launch an offshore wind power venture. The two parties signed a strategic partnership to make [...]

DSME Partners with POSCO on New Shipbuilding Materials

DSME Partners with POSCO on New Shipbuilding Materials

SEOUL, Dec. 14 (Korea Bizwire) – South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has signed a business partnership agreement with top local steelmaker POSCO on the development of new shipbuilding materials. The deal calls for joint efforts to develop new shipbuilding materials and welding technologies that will be applied [...]

CJ Cheiljedang Partners with Startup Emmyon to Develop Health Supplements that Prevent Muscle Loss

CJ Cheiljedang Partners with Startup Emmyon to Develop Health Supplements that Prevent Muscle Loss

SEOUL, Dec. 6 (Korea Bizwire) — South Korean food giant CJ Cheiljedang Corp. said Tuesday it has joined hands with a U.S. startup to develop ingredients used to make health supplements that prevent skeletal muscle loss. CJ Cheiljedang inked a license agreement with Emmyon earlier in the day to utilize the U.S. startup’s various patents [...]

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 [...]