SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s exports of cathode materials have experienced significant growth, primarily driven by the rapid expansion of the secondary battery industry, especially in the electric vehicle sector. However, a substantial portion of the earnings from South Korea’s cathode material exports are flowing back to China, which supplies crucial ingredient [...]
SEOUL, Sept. 5 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-biggest refiner by sales, said Tuesday it has supplied Finnish refiner Neste’s renewable aviation fuel to Korean Air Co.’s cargo plane bound for Los Angeles. It is the first time for a Korean refiner to bring sustainable aviation fuel (SAF) from overseas for the [...]
SEOUL, Sept. 5 (Korea Bizwire) — SK Enmove Co., the lubricant-making unit under South Korea’s SK Group, said Tuesday it will focus on the development and manufacturing of energy-efficient fluids for use in electric vehicles (EVs) and data centers as part of its next growth drivers. SK Enmove unveiled its new brand for all e-fluid [...]
SEOUL, Sept. 5 (Korea Bizwire) — SK On Co. is seeking to build close partnerships with various automakers for the electric vehicle (EV) battery sector, including the ones in Europe where the market competition is increasingly getting fierce, its co-chief has said. Chey Jae-won, executive vice chairman of SK Group and a co-head of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — POSCO International Corp. said Monday it has signed two initial agreements with a Canadian and an Australian mining company for the sourcing of a key secondary battery material from Africa. Under the memorandum of understanding (MOU) with Canada’s NextSource Materials Inc., POSCO International will co-invest in Molo graphite mining [...]
SEOUL, Sept. 4 (Korea Bizwire) – South Korean builder SK ecoplant Co. said Sunday that the Canadian green hydrogen project Nujio’qonik, in which it holds a stake, has received approval from the Canadian provincial government of Newfoundland and Labrador to utilize state-owned land for wind power generation. Canadian firm World Energy GH2 Inc., a leading [...]
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. [...]
SUWON, Sept. 1 (Korea Bizwire) — The Gyeonggi provincial government said Thursday it will establish a compact hydrogen city, aiming to achieve carbon neutrality while boosting the local economy. The provincial government intends to issue a public invitation to cities and counties, urging their participation in the hydrogen energy self-sufficiency city project. This call for [...]
SEOUL, Aug. 28 (Korea Bizwire) — LG Chem Ltd. said Monday it is spending 124.6 billion won (US$94.1 million) over the next two years to expand its manufacturing facility for its key filter membrane product used in water desalination. The facility, located in the central provincial city of Cheongju, will have an annual production capacity [...]
SEOUL, Aug. 28 (Korea Bizwire) — POSCO Future M Co. said Monday it aims to achieve 3.4 trillion won (US$2.57 billion) in annual operating profit by 2030 as it accelerates the expansion into the manufacturing of secondary battery materials amid the robust electric vehicle (EV) demand. The chemical unit of South Korean steel giant POSCO [...]