Business
-
Iljin Materials attracts $19 million to build electric foil plant in Spain
SEOUL -- Iljin Materials, the producer of core materials for lithium batteries in South Korea, has attracted 25 billion won ($19 million) from Spain's state fund that would be used for establishing an electric foil plant with an annual production capacity of 30,000 tons by 2024 in Catalonia. Iljin said it would secure a site for the potential expansion of its production in Spain to meet customer demand. "This investment will be very helpful in building a competitive product
November 14, 2022 -
SK nexilis claims to be 'industry-first' in developing copper foil for 4680 cylindrical batteries
SEOUL -- SK nexilis claimed to be "industry-first" in developing a copper foil product with a high elongation rate that would be used for cylindrical batteries with a diameter of 46mm and a height of 80 mm. Mass production is to begin in 2023. Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-ion transports. High-capacity cylindrical batteries require
November 14, 2022 -
Hyundai Mobis partners with southern province to build integrated logistics center for car parts
SEOUL -- To establish a stable distribution network in South Korea's southeastern region with some 12.7 million population, car parts maker Hyundai Mobis has partnered with local governments to build a mega-sized logistics center. Hyundai Mobis currently operates four logistics centers and 22 car parts distribution centers across the country. The company provides after-service car parts for Hyundai and Kia vehicles. The company recorded sales of some 41.7 trillion won ($30.1 bi
November 10, 2022 -
KT makes strategic investment in vocal biomarker technology company Sonde Health
SEOUL -- South Korea's top telecom company KT will enhance the competitiveness of the artificial intelligence-based health diagnosis business through a strategic investment in Sonde Health, a United States-based digital medicine company specializing in the detection of various diseases such as mental health and respiratory disorders through the analysis of voices. Demands for voice-based health monitoring are steadily increasing as non-face-to-face medical treatments have gaine
November 10, 2022 -
Makeup brand LUNA makes foray into Japanese offline cosmetics market with concealer
SEOUL -- In an effort to attract more Japanese consumers and expand sales channels, Aekyung, a major hygiene and cosmetics maker in South Korea, launched LUNA, a cosmetics brand, at major offline stores in Japan. Aekyung's concealer lineup capable of hiding skin blemishes has already gained popularity in the Japanese e-commerce market. In 2021, LUNA made a foray into major online platforms in the island country including Qoo10 Japan and Amazon Japan. The cosmetics product calle
November 10, 2022 -
CJ Feed & Care rolls out livestock manure-based organic fertilizer in Vietnam
SEOUL -- CJ Feed & Care, a livestock feed corporation affiliated with CJ Cheil Jedang, released an organic fertilizer using pigs' excrement in Vietnam where chemical fertilizers are still mainly used. Through the eco-friendly fertilizer that reduces greenhouse gas emissions, the company aims to gain a competitive advantage in the Southeast Asian fertilizer market. The organic fertilizer called "ECO POWER1" was made by decomposing and maturing the livestock manure.
November 9, 2022 -
Norway's Equinor ties up with Hanwha E&C to build offshore wind power infrastructure in S. Korea
SEOUL -- Equinor, a Norwegian state-owned energy company, will work with Hanwha E&C, a builder affiliated with South Korea's Hanwha Group, to build offshore wind farms. The builder aims to develop a 2-gigawatt wind power generation complex by 2030. Compared to fixed offshore wind farms which are generally installed in shallow waters, floating wind turbines located in deep waters can reduce visual pollution, provide better accommodation for fishing and shipping lanes, and re
November 8, 2022 -
Young Poong opens waste battery recycling pilot plant with first dry melting method
SEOUL -- Young Poong, a non-ferrous metal smelting and refining company in South Korea, opened a waste battery recycling pilot plant that adopted an industrial-sized dry melting method for the first time in the world to recover more than 90 percent of valuable metals such as lithium, nickel, cobalt and copper. It is capable of handling about 2,000 tons of waste batteries per year. In recovering metals from recycled or residual materials, pyrolysis is a process of temperature decompo
November 8, 2022 -
LG Display unveils prototype of world's first 12-inch full-color stretchable display
SEOUL -- LG Display, a major flat panel maker affiliated with South Korea's LG Group, unveiled the prototype of the world's first 12-inch full-color stretchable display that implemented high resolution and can stretch its screen by up to 20 percent. Bendable, foldable and rollable panels have been developed, but the next-generation product is stretchable to all sides without affecting the quality of displays. Stretchable displays, which are seen as the final phase of flex
November 8, 2022 -
GS Caltex works with Aekyung Chemical to localize refrigerating machine oil for home appliances
SEOUL -- GS Caltex, a major refiner in South Korea, partnered with Aekyung Chemical, a domestic manufacturer of basic organic chemicals, to localize the production of refrigerating machine oil for home electronic appliances, which have been heavily dependent on imported products. With Aekyung's base oil, the refiner will produce finished products. Refrigerating machine oils are used in air conditioning systems and compressors that use refrigerants. Compatibility is important b
November 7, 2022
-
Top security officials of South Korea, US, Japan discuss NK troop deployment to Russia
-
Veteran actress Kim Soo-mi dies at 75
-
VISUALS: Extreme sports festival kicks off at Gwanghwamun
-
South Korea, U.S. defense chiefs to hold talks in Washington
-
North Korean troops in Russia are Moscow's 'business,' Putin says
-
LG Electronics heat pump to win innovation award at US expo
-
PHOTOS: Korea observes Dokdo Day
-
Hyundai Mobis posts 31.6% jump in Q3 operating profit
-
Old movies make comeback to theaters with nostalgic appeal
-
Cyclonic storm makes landfall on eastern Indian coast