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IT Industry Giants Launch Major Hiring Drives for AI and Tech Experts

IT Industry Giants Launch Major Hiring Drives for AI and Tech Experts

SEOUL, Feb. 26 (Korea Bizwire) – In an era where technological advancements are rapidly reshaping industries, companies are intensifying their efforts to secure top talent, particularly in artificial intelligence and other cutting-edge fields. The recruitment of experienced professionals has become more dynamic, with firms expanding their hiring scope and, in some cases, forgoing traditional recruitment cycles [...]

SK On Introduces Virtual Stock Incentive to Boost Employee Morale and Retention Amid Financial Challenges

SK On Introduces Virtual Stock Incentive to Boost Employee Morale and Retention Amid Financial Challenges

SEOUL, Feb. 22 (Korea Bizwire) –SK On, a relative newcomer in the battery industry, has announced a novel approach to employee compensation by offering virtual stocks to employees equivalent to 30% of their annual salaries. This move comes in the wake of the company facing a challenging financial year with zero performance bonuses allocated, stirring [...]

SK On, U.S. Startup to Jointly Develop Solid-state Batteries

SK On, U.S. Startup to Jointly Develop Solid-state Batteries

SEOUL, Jan. 17 (Korea Bizwire) — SK On, the battery unit of chip-to-construction conglomerate SK Group, said Wednesday it has partnered with U.S. battery startup Solid Power to jointly develop solid-state batteries. SK On signed an agreement with Solid Power for solid-state battery technology transfers from the U.S. company during this year’s Consumer Electronics Show [...]

SK On Partners with BASF to Explore Joint Lithium-ion Battery Business

SK On Partners with BASF to Explore Joint Lithium-ion Battery Business

SEOUL, Nov. 15 (Korea Bizwire) – South Korean battery maker SK On Co. said Wednesday it has partnered with German battery materials firm BASF SE to explore possible business opportunities in the global lithium-ion battery markets. SK On and BASF reached an agreement to collaborate in exploring business opportunities in cathode active materials (CAM) production, [...]

SK On Inks Deal to Provide Battery to Swedish EV Polestar 5

SK On Inks Deal to Provide Battery to Swedish EV Polestar 5

SEOUL, Nov. 6 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday that it has signed a battery cell supply agreement with Swedish electric vehicle (EV) maker Polestar for the latter’s upcoming EV model. Under the deal, SK On will supply battery cell modules to Polestar for its flagship four-door grand tourer EV model, Polestar 5, beginning 2025, [...]

SK On Sets Record in Solid-state Battery Tech with High-conductivity Electrolyte

SK On Sets Record in Solid-state Battery Tech with High-conductivity Electrolyte

SEOUL, Sept. 1 (Korea Bizwire) — South Korean battery maker SK On Co. has achieved a significant milestone by collaboratively developing an advanced oxide-based solid-state electrolyte (SSE) boasting the world’s highest level of lithium-ion conductivity. Lithium-ion conductivity directly impacts the speed of lithium-ion movement within the electrolyte, correlating to battery output and rapid charging capability. [...]

S. Korean Battery Makers Expected to Report Upbeat Q2 Earnings on Solid Demand, IRA

S. Korean Battery Makers Expected to Report Upbeat Q2 Earnings on Solid Demand, IRA

SEOUL, June 25 (Korea Bizwire) — Major South Korean battery makers are tipped to post strong quarterly profits in the second quarter, continuing the robust growth on the back of solid demand in North America and tax benefits from a new U.S. law on green energy, industry data showed Sunday. Top player LG Energy Solution [...]