DAEJEON, Nov. 4 (Korea Bizwire) — The Korea Research Institute of Chemical Technology announced Tuesday that researchers had developed a catalyst processing technology that produces alpha-olefins, a high-end chemical substance, using greenhouse gas. Alpha-olefins are used to make detergents, lubricating oil, cosmetics and plastic. Plastic made with alpha-olefins is stronger than other plastic products. Similarly, [...]
SEOUL, Nov. 12 (Korea Bizwire) — Green bond issues in South Korea more than doubled this year as energy and chemical firms sought to capitalize on low costs and burnish their corporate image, industry sources said Tuesday. The value of green bonds floated by 11 state and private companies totaled 6.04 trillion won (US$5.18 billion) [...]
SEOUL, Oct. 23 (Korea Bizwire) — LG Chem Ltd. said Tuesday that it will invest 2.1 trillion won (US$1.8 billion) by 2023 to build electric vehicle batteries in China in the latest move to meet growing demand for batteries for zero-emissions cars. South Korea’s top chemical company said it has broken ground for a three-story [...]
SEOUL, Sept. 10 (Korea Bizwire) — Vietnam’s VinFast Trading and Production Ltd. said it has a signed an initial agreement with LG Chem Ltd., South Korea’s biggest chemical company by sales, to receive batteries for its electric scooters and electric cars. LG Chem will also supply batteries for electric buses, smartphones and other products in [...]
SEOUL, May 30 (Korea Bizwire) – SK Innovation Co., South Korea’s top oil refiner, plans to put more focus on its battery and petrochemical businesses in order to stay ahead of its rivals and secure stable income, its chief said Tuesday. “We will heavily invest in the battery and petrochemicals sectors, thus helping SK Innovation [...]
SEOUL, May 19 (Korea Bizwire) – If there was one thing that South Koreans took away from the Oxy Reckitt Benckiser crisis, it was the devastating effects of chemical substances found in everyday products. The scandal dates back a decade, when polyhexamethylene guanidine (PHMG), a substance that was used in commercial humidifier sterilizing agents, was discovered to [...]
SEJONG, Feb. 27 (Korea Bizwire) – A state-run institute on chemical safety said Monday it has taken a set of measures to secure state-of-the-art equipment for effectively dealing with chemical accidents and chemical terrorism at the 2018 PyeongChang Winter Olympics and other major sports events. The measures came on the heels of the revelation that [...]
SEOUL, Feb. 8 (Korea Bizwire) – South Korean steel and chemical products, the country’s leading export items, have increasingly become targets of import restrictions in other countries, a trade agency said Wednesday. Reports sent in by overseas offices of the Korea Trade-investment Promotion Agency (KOTRA) showed that of the 19 new investigations launched against products [...]
SEJONG, Nov. 29 (Korea Bizwire) – The government set out a series of countermeasures Tuesday against increasing concerns over goods containing chemical substances, which included an investigation of all everyday use chemical products. “We have had growing public unease with everyday use products that contain chemicals, from incidents like the toxic humidifier sterilizer case,” said [...]
SEOUL, Oct. 6 (Korea Bizwire) – Pregnant women in Korea have grown more anxious than ever with widespread media coverage of toxic chemicals used in daily products, on top of deadly cases such as the Oxy humidifier sterilizer scandal. According to a survey study by obstetricians at Ewha Womans University Medical Center (Mok-dong), 99.2 percent [...]