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POSCO Chemical, OCI Begin Construction of Joint Factory for Battery Coating Material

SEOUL, Sept. 21 (Korea Bizwire) — POSCO Chemical Co., a South Korean producer of advanced materials, said Wednesday the construction began for a domestic plant to produce a key coating material used in secondary batteries under a joint venture with chemical company OCI Co. The factory, to be located in the central region of South [...]

Loan Guarantees Among Conglomerate Affiliates Shrink in 2017

SEJONG, Dec. 28 (Korea Bizwire) – Loan guarantees among affiliates of South Korea’s large business groups sank in 2017 from a year earlier, the country’s corporate watchdog said Thursday. The total corporate debt payment guarantees made among units of 31 conglomerates reached 257 billion won (US$239 million) as of May 1, down 20 percent, or [...]