SEOUL, Jul. 4 (Korea Bizwire) — South Korea’s two leading battery manufacturers are racing to develop a new type of smartphone power source that can significantly improve safety, industry sources said Tuesday. According to industry watchers, Samsung SDI Co. and LG Chem Ltd. are currently seeking to commercialize solid-state batteries, which use solid-type electrolytes. The [...]
SEOUL, June 8 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Wednesday that it has received a US$12.6 million grant from the Bill & Melinda Gates Foundation to develop a new polio vaccine. The grant will be used to expand LG Chem’s facility in South Korea and conduct medical trials of its new polio vaccine in overseas countries, LG Chem said in a statement. Since 2014, LG Chem has been developing an inactivated vaccine forpolio, with a second-phase [...]
SEOUL, Mar. 30 (Korea Bizwire) — South Korea’s Samsung SDI Co. will supply its electric-vehicle batteries to Volkswagen’s new 2017 e-Golf, an industry source said Wednesday. “The new e-Golf equipped with a Samsung battery will go on sale in global markets this spring,” the source told Yonhap News Agency. Samsung SDI and LG Chem Ltd. [...]
SEOUL, March 29 (Korea Bizwire) – South Korean petrochemicals firms, led by LG Chem Ltd., are seeking to diversify their export destinations and establish more overseas production facilities, in a bid to reduce their dependence on China, industry sources said Wednesday. According to the sources, LG Chem, the country’s No. 1 player in the chemicals [...]
SEOUL, Jan. 2 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, will focus on the energy and bio sectors this year as part of an effort to diversify its business portfolio and secure new growth engines, its head said Monday. In a New Year message to its employees, Park Jin-soo, vice chairman [...]
SEOUL, Oct. 6 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Thursday it has broken ground for a plant in Poland for electric vehicle batteries, hoping to become a leading EV battery supplier to European carmakers. The EV battery plant in Wroclaw, southwestern Poland, will cost 400 billion won (US$359 million), [...]
SEOUL, Oct. 4 (Korea Bizwire) – Faraday Future, a Silicon Valley-based electric vehicle (EV) maker, said Tuesday that it has picked LG Chem Ltd, a South Korean electric vehicle (EV) battery maker, as its official business partner. In a press release posted on its website, Faraday Future said it collaborated with LG Chem on the [...]
SEOUL, Sept. 26 (Korea Bizwire) – LG Chem Ltd., a South Korean chemicals company, aims to post annual sales of 7 trillion won (US$6.3 billion) in electric car batteries in 2020, according to the company Sunday. Helped by a growing demand for electric car batteries, LG Chem expects to post 3.7 trillion won in annual [...]
SEOUL, Sept. 12 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, said Monday that it has decided to merge with its biotech unit, LG Life Sciences Ltd., in a bid to diversify its business portfolio. “The merger aims to upgrade its future-oriented business portfolio by venturing into the red biotech sector,” LG [...]
SEOUL, Aug 4. (Korea Bizwire) – Korea’s largest chemical company, LG Chem, is pushing forward with ambitious plans to target the rapidly growing market for disposable gloves. At the forefront of its endeavor are new self-developed nitrile gloves, a disposable set of gloves made from the synthetic rubber material NBL (Nitrile Butadiene Latex) which is [...]