SEOUL, Nov. 6 (Korea Bizwire) — SK On, a South Korean car battery maker, said Sunday it has signed a deal to purchase lithium from Chilean firm SQM in its import diversification strategy. Under the deal, SQM will supply a total of 57,000 tons of lithium to SK On for five years starting 2023. The [...]
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 [...]
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 [...]
SEOUL, Nov. 1 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system. The agreement with Hardt Hyperloop commits the South Korean company to providing rolled steel to the European Hyperloop Center, an industrial complex under construction in the Netherlands [...]
SEOUL, Oct. 27 (Korea Bizwire) — SK Geocentric Co., a chemical unit of South Korea’s SK Group, said Thursday it has signed a binding joint venture agreement with a U.S. partner to build a plastic recycling plant here as it pushes to pivot to green chemicals business. The 50:50 joint venture with Purecycle Technologies Inc. [...]
SEOUL, Oct. 18 (Korea Bizwire) — LG Electronics Inc. is speeding up efforts to gain a stronger foothold in the logistics robot market on the back of its next-generation self-driving logistics robot, CLOi CarryBot. The tech giant recently announced that it had signed a memorandum of understanding with artificial intelligence (AI) startup FASSTO to promote [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has signed a business tie-up agreement with a U.S. energy company on the development of technologies for a large liquid hydrogen carrier. The deal with CB&I, a unit of U.S. energy engineering and construction solutions provider [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s leading auto parts maker, said Monday it will promote an advanced in-vehicle infotainment (IVI) system jointly developed with a Swiss company for next-generation vehicles. Hyundai Mobis and Luxoft are “at the final stage” of developing the IVI platform for future vehicles and will introduce [...]
SEOUL, Oct. 7 (Korea Bizwire) — Motional, a joint venture set up between Hyundai Motor Co. and U.S. mobility startup Aptiv, said Friday it has signed a 10-year deal to supply Hyundai’s IONIQ 5-based autonomous vehicles to Uber Technologies Inc. Under the deal, Motional will supply the all-electric IONIQ 5 driverless robo taxis to the [...]
SEOUL, Oct. 7 (Korea Bizwire) — POSCO Holdings Co., the largest steelmaker in South Korea, announced on Thursday that it had established a battery recycling joint venture with GS Energy Corp., an energy unit of GS Group. Both entities have engaged in talks since September last year on how to promote cooperation in their core [...]