SEOUL, Jan. 15 (Korea Bizwire) — Foreign investors picked up financial and chemicals shares on the KOSPI, South Korea’s main bourse, last year while selling off electronics and construction stocks, data from the Korea Exchange showed Monday. Offshore investors bought 6.58 trillion won (US$6.17 billion) worth of local stocks in 2017, of which financial stocks [...]
BEIJING, Nov. 3 (Korea Bizwire) – The Chinese government has once again omitted all electric car models equipped with South Korean-manufactured batteries from its list of vehicles eligible for subsidies. Last June, applications by Samsung SDI and LG Chemical for their products to be quality-tested were rejected by Chinese authorities. Both companies have continued to [...]
SEOUL, Jul. 25 (Korea Bizwire) — Labor negotiations must not be going well for LG Chemical if it has to resort to illegal wiretaps to get an edge over its employees. On July 24, news spread that discussions between the company’s principal labor union and the firm over various mundane issues relating to wages and [...]
JEJU, April 7 (Korea Bizwire) – A new system that allows windmills to provide a stable source of electricity and store the energy efficiently will be developed for the first time by Korean research teams. Jeju Island, LG Chemical, POSCO ICT, and Wind Synergy signed an agreement to cooperate on Energy Storage System (ESS) initiatives linked to [...]
SEOUL, Nov. 24 (Korea Bizwire) - LG Chem Co., South Korea’s top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system (ESS) for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s LG Chem Inc. said it will supply energy storage systems (ESS) for four solar plants under construction in Japan in a deal worth over 300 billion won (US$272.7 million). The nation’s largest battery maker said it won a contract to supply the storage systems with a daily [...]