Business
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LG Chem to build pilot facility for dry reforming of methane
SEOUL -- LG Chem, a chemical unit of South Korea's LG Group, will build a pilot facility for the dry reforming of methane that makes plastic using carbon dioxide and a by-product gas collected in factories. The method is a groundbreaking carbon reduction facility, but commercialization has been limited due to the problem of rapidly lowering catalyst performances. The dry reforming of methane (DRM) method produces synthetic gas (syngas), a mixture of hydrogen and carbon monoxid
November 17, 2022 -
SK signet to produce ultra-fast EV chargers in Texas in response to U.S. EV infrastructure project
SEOUL -- SK signet, an electric vehicle charger manufacturer affiliated with South Korea's conglomerate SK Group, will produce ultra-fast electric vehicle (EV) chargers with a capacity of more than 350 kilowatts (kW) in Texas. The production will help the EV charger maker to receive subsidies from the United States government pushing for the national electric vehicle infrastructure (NEVI) project. The U.S. government has set a subsidy budget of about $5 billion by 2030 for the N
November 16, 2022 -
LG Chem to build aerogel plant at plastic waste recycling base for operation in 2024
SEOUL -- LG Chem, the chemical unit of South Korea's LG Group, will build an aerogel plant at its plastic waste recycling base for commercial operation in 2024, along with a "supercritical" pyrolysis plant, as part of efforts to expand its environment-related business. About 310 billion won ($234 million) will be spent on building the two plants in Dangjin some 80 kilometers (49.7 miles) southwest of Seoul. Aerogels are a class of synthetic porous ultralight mate
November 16, 2022 -
Hyundai Glovis establishes strategic partnership with Malaysia's Lion Group for logistics upgrading
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, established a strategic partnership with Lion Group and agreed to realize logistics upgrading for the Malaysian steel group by implementing a new computer operating system for integrated transportation management. Under a memorandum of understanding, Hyundai Glovis said it would start providing logistics consulting in early 2023 to diagnose the status of Lion Group's steel logistics and find i
November 16, 2022 -
SK geo centric partners with Britain's Plastic Energy to build Asia's biggest pyrolysis plant
SEOUL -- SK geo centric, a chemical company affiliated with South Korea's SK Group, joined forces with Plastic Energy, a chemical recycling company in Britain, to build Asia's biggest pyrolysis plant capable of recycling 66,000 tons of plastic waste per year. Pyrolysis is a chemical recycling process that can convert plastic waste into high-quality oil. SK geo centric (SKGC) will build a pyrolysis plant in a recycling cluster in the southeastern industrial city of Ulsan by
November 16, 2022 -
ASML breaks ground for lithography cluster in S. Korea
SEOUL -- The construction of ASML Holding N.V.'s lithography cluster began after the Dutch manufacturer of crucial chip-making equipment pledged close cooperation with South Korean semiconductor companies which have expanded their investment to cement their top position in memory chip production and enhance their competitive power in the global foundry market. ASML CEO Peter Wennink hosted a groundbreaking ceremony on November 16 in Hwaseong, about 30 kilometers (18 miles) south
November 16, 2022 -
LX Pantos works with Air France KLM to join sustainable aviation fuel program
SEOUL -- LX Pantos, a total logistics company in South Korea, tied up with Air France KLM Martinair Cargo, a key player in the air cargo industry, to cooperate in revitalizing air cargo transportation using sustainable aviation fuel that is produced from sustainable feedstocks and can reduce carbon emissions. Air France KLM's program was launched in 2020 to expand the use of sustainable aviation fuel for shippers and carriers. Aviation biofuels, or sustainable aviation fuels (SA
November 15, 2022 -
POSCO's high manganese steel recognized by U.N. agency as cryogenic material
SEOUL -- High manganese steel developed by South Korea's steel group POSCO has been recognized by a U.N. maritime safety agency as a cryogenic cargo and fuel tank material for ships. POSCO's high manganese steel is cost-effective and showed superiority over existing cryogenic materials in terms of elongation and ultimate tensile strength. The International Maritime Organization (IMO) stipulates that cargo windows and fuel tanks of ships that transport cryogenic cargo such as
November 15, 2022 -
Hyundai auto group to introduce advanced air mobility in Indonesia's future capital
SEOUL -- The urban air mobility team of South Korea's Hyundai auto group will help build an advanced air mobility ecosystem in Nusantara, the future capital of Indonesia. Urban air mobility (UAM) is an ecosystem involving flying passenger vehicles in urban areas. Advanced air mobility (AAM) builds upon the UAM concept by incorporating use cases not specific to operations in urban environments. Under a memorandum of understanding signed during the B20 summit in Bali on November
November 15, 2022 -
Pulmuone to increase production of heat-and-eat pasta products in Beijing plant
SEOUL -- Pulmuone, a food company based in Seoul, will increase the production of its heat-and-eat pasta products in the company's Beijing plant to meet growing demands in China. By establishing the automated pasta production system, the company aims to increase its annual pasta production capacity to about 100 million from the current 45 million. Pasta accounted for 43 percent of sales of Pulmuone's Chinese subsidiary Pumeiduo Foods in 2021. The total sales of Pumeido Fo
November 14, 2022
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Top security officials of South Korea, US, Japan discuss NK troop deployment to Russia
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Veteran actress Kim Soo-mi dies at 75
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VISUALS: Extreme sports festival kicks off at Gwanghwamun
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South Korea, U.S. defense chiefs to hold talks in Washington
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North Korean troops in Russia are Moscow's 'business,' Putin says
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LG Electronics heat pump to win innovation award at US expo
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PHOTOS: Korea observes Dokdo Day
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Hyundai Mobis posts 31.6% jump in Q3 operating profit
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Old movies make comeback to theaters with nostalgic appeal
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Cyclonic storm makes landfall on eastern Indian coast