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SK Square Forms Partnership to Establish Investment Firm for Foreign Chipmakers

SK Square Forms Partnership to Establish Investment Firm for Foreign Chipmakers

SEOUL, July 4 (Korea Bizwire) — SK Square, a non-telecom spinoff of SK Telecom Co., announced on Tuesday that it would form a partnership with SK hynix Inc., Shinhan Financial Group Co., and LIG Nex1 Co. to establish TGC Square, an investment corporation for foreign chipmakers. The consortium aims to raise 100 billion won (US$76.8 [...]

Samsung Biologics Seals US$1.08 bln Manufacturing Deals with Pfizer

Samsung Biologics Seals US$1.08 bln Manufacturing Deals with Pfizer

SEOUL, July 4 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Monday it has sealed a combined US$1.08 billion partnership contracts with U.S. pharmaceutical giant Pfizer so far this year. The Korean company said it signed a new contract with Pfizer, a follow-up to the bilateral deal set [...]

SK On Expresses Concerns Over Ford’s Independent Raw Material Sourcing in Joint Venture

SK On Expresses Concerns Over Ford’s Independent Raw Material Sourcing in Joint Venture

SEOUL, May 23 (Korea Bizwire) —In a recent development, SK On, the Seoul-based battery manufacturer currently engaged in a joint venture with Ford Motor Company in the United States, has expressed unease regarding Ford’s announcement regarding the procurement of its own raw materials. SK On denies having engaged in any discussions with Ford regarding the [...]

Lotte Chemical Signs MOU with U.S. Ammonia Producer for Clean Ammonia Project

Lotte Chemical Signs MOU with U.S. Ammonia Producer for Clean Ammonia Project

SEOUL, Feb. 28 (Korea Bizwire) — Lotte Chemical Corp., a South Korean chemical company, said Tuesday it has signed a preliminary deal with a U.S. ammonia producer to explore opportunities for clean ammonia production and its offtake into Korea. The memorandum of understanding with CF Industries Holdings Inc. calls for the two to assess the [...]

POSCO International, Daesang Form Partnership in Starch Sweetener Biz

POSCO International, Daesang Form Partnership in Starch Sweetener Biz

SEOUL, Feb. 24 (Korea Bizwire) — POSCO International Corp., a major South Korean commodities trader, has joined hands with food company Daesang Corp. to scale up their starch sweetener business, the two companies said Friday. They signed a memorandum of understanding (MOU) the previous day to cooperate in investing in new businesses and the supply [...]

SK Materials Joins Forces with Exxon Mobil to Launch into Blue Ammonia Market

SK Materials Joins Forces with Exxon Mobil to Launch into Blue Ammonia Market

SEOUL, Feb. 23 (Korea Bizwire) — SK Materials Co., a semiconductor and display material unit under SK Group, has teamed up with U.S. oil major Exxon Mobil Corp. to step into the blue ammonia market. The two parties announced on Wednesday that they had signed an agreement to mass-produce and import blue ammonia using next-generation [...]

Liquefied Hydrogen Charging Infrastructure Coming to Incheon Airport Parking Lot

Liquefied Hydrogen Charging Infrastructure Coming to Incheon Airport Parking Lot

SEOUL, Feb. 23 (Korea Bizwire) — Incheon International Airport will take a leap forward to become an eco-friendly airport through the construction of a large liquefied hydrogen charging station. SK Plug Hyverse on Wednesday signed a business agreement for the establishment of eco-friendly airport infrastructure with the Ministry of Land, Infrastructure and Transport, the Incheon [...]

LG Energy Solution Joins Ford, Koc for Turkey Battery Venture

LG Energy Solution Joins Ford, Koc for Turkey Battery Venture

SEOUL, Feb. 22 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, said Wednesday it has signed a non-binding agreement with Ford Motor Co. and Turkey’s Koc Holding A.S. to push for a joint venture to build an electric vehicle (EV) battery plant in Turkey. The announcement came two weeks after [...]

Samsung, Naver Team Up to Compete Against Apple Pay

Samsung, Naver Team Up to Compete Against Apple Pay

SEOUL, Feb. 22 (Korea Bizwire) — South Korean tech giants have joined hands to expand the simple payment ecosystem with the impending launch of Apple Inc.’s mobile payment service Apple Pay in the domestic market, Samsung Electronics Co., the world’s largest mobile phone maker, and Naver Financial Corp., a financial arm of leading portal operator [...]

Samsung Joins Hands with Qualcomm, Google to Build XR Ecosystem

Samsung Joins Hands with Qualcomm, Google to Build XR Ecosystem

SAN FRANCISCO/SEOUL, Feb. 2 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Thursday it will collaborate with Qualcomm and Google to build an ecosystem for extended reality (XR). Samsung announced the partnership at the Galaxy Unpacked event in San Francisco on Wednesday (local time), where it unveiled new Galaxy S flagship smartphones [...]