BUSAN, South Korea, March 13 (Korea Bizwire) – As aviation authorities strengthen in-flight safety measures for power banks and electronic cigarettes, South Korean fire officials have highlighted the dangers of lithium-ion battery thermal runaway through a recent experiment. On March 12, the Busan Fire & Disaster Headquarters conducted a public demonstration to assess the risks associated [...]
SEOUL, March 10 (Korea Bizwire) — In the race to solve overheating challenges in electric vehicle batteries, immersion cooling technology—already gaining traction in data centers and energy storage systems—is emerging as a promising solution. Immersion cooling uses non-conductive cooling fluids to disperse heat from EV batteries, data centers, and energy storage systems. The technology offers superior [...]
SEOUL, March 5 (Korea Bizwire) — The government announced Wednesday its plan to create a 50 trillion-won (US$34.4 billion) fund to support the semiconductor, rechargeable battery, bio, artificial intelligence (AI) and other advanced industries as part of efforts to bolster South Korea’s industrial competitiveness. The plan was endorsed at a weekly meeting of economy-related ministers, [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s three major battery manufacturers are broadening their product lines with new mid-nickel batteries that promise an optimal balance of cost and performance, responding to growing demand for affordable electric vehicles amid efforts to overcome the electric vehicle market’s “chasm” – a temporary stagnation in demand. SK On will [...]
SEOUL, Feb. 25 (Korea Bizwire) — In a significant shift within the global battery industry, Chinese manufacturers substantially increased their market dominance in 2024, while South Korean competitors saw their share shrink in both electric vehicle and energy storage markets. According to data released by SNE Research on February 24, global battery shipments reached 1,460 gigawatt-hours [...]
SEOUL, Feb. 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Tuesday it has signed an initial pact with Hyundai Motor Co. and its affiliate Kia Corp. to jointly develop robot-specific batteries. Samsung SDI has signed a memorandum of understanding (MOU) with the two carmakers to develop high-performance batteries specifically for [...]
SEOUL, Feb. 21 (Korea Bizwire) — A fatal house fire in Changwon, suspected to have been caused by an electric bicycle battery charger, has reignited concerns over the safety of personal mobility (PM) device batteries, authorities said on February 20. The fire, which broke out on February 14 in Uichang-gu, Changwon, claimed the life of [...]
SEOUL, Jan. 30 (Korea Bizwire) - Authorities held a meeting Thursday on how to conduct a probe into an Air Busan passenger plane that caught fire at a South Korean airport earlier this week amid safety concerns, the land ministry said. On Tuesday, the Airbus plane operated by budget carrier Air Busan and bound for [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s three major battery makers likely made all-time-high investments in research and development (R&D) activities last year despite a slowdown in electric vehicle sales, industry sources said Wednesday. LG Energy Solution Ltd. (LGES), Samsung SDI Co. and SK On are estimated to have invested more than 2.5 trillion [...]
POHANG, Jan. 16 (Korea Bizwire) — The Ministry of SMEs and Startups has extended the designation of Pohang’s small business special support zones in response to economic challenges faced by the city’s steel and secondary battery industries. According to Representative Lee Sang-hwi of the People Power Party on January 15, the ministry has renewed the special [...]