SEOUL, May 10 (Korea Bizwire) — Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday. Umicore’s central technology center is based in Cheonan, about 90 kilometers south of Seoul, and serves as the company’s Asian hub [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea said Wednesday it will allocate 23 billion won (US$20.6 million) to build testing infrastructure for local producers of materials and parts for rechargeable batteries in line with its efforts to foster the sector as a new growth engine. The test center will allow small and midsized businesses [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s exports of rechargeable batteries rose for the fifth consecutive year in 2020 despite the coronavirus impact, data showed Monday. Overseas shipments of rechargeable batteries came to 7.2 trillion won (US$6.6 billion) last year, up 2.9 percent from the previous year, according to the data from the industry [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s big-three rechargeable battery makers have agreed to create a fund to jointly develop next-generation battery technologies and foster related industries, the industry ministry said Monday. The companies — LG Chem Inc., Samsung SDI Co. and SK Innovation Co. — signed a memorandum of understanding for joint R&D [...]