Business
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Hyundai Glovis jumps into renewable energy business using pent electric vehicle batteries
SEOUL -- Hyundai Glovis, the logistics wing of South Korea's Hyundai auto group, jumped into a renewable energy business using pent electric vehicle batteries for residents in remote islands, which have relied on internal combustion engines to generate electricity. Hyundai Glovis said it has signed a business agreement LS Electric, a. manufacturer of electrical power equipment, and Korea Hydro & Nuclear Power (KHNP), the state-run operator of nuclear power plants, for
November 7, 2022 -
SK on signs five-year contract to receive key lithium battery material from Chile's SQM
SEOUL -- SK on, a battery maker affiliated with South Korea's SK Group, has signed a five-year contract to receive about 57,000 tons of lithium hydroxide, a key material for electric vehicle batteries, from SQM, a Chilean supplier of plant nutrients, iodine, lithium and industrial chemicals, as part of efforts to reduce its reliance on Chinese raw materials regulated by a U.S. inflation reduction act. Shipment is to begin in 2023. SK on said that the two sides would discuss futu
November 7, 2022 -
Researchers discover method to quickly cultivate microalgal strain for biofuel production
SEOUL -- A state-run research body in South Korea has discovered a method to quickly cultivate a microalgal strain from cyanobacteria, known as blue-green algae, that can produce twice as much biofuel as other microorganisms due to rapid proliferation. The study opened the way for researchers to commercialize cyanobacteria-based carbon-neutral fuels. Biofuel can be produced from plants or from agricultural and industrial biowaste. The two most common types of biofuel are bioethano
November 3, 2022 -
Doosan Enerbility's subsidiary in Vietnam to supply substructure for Orsted's offshore windfarms
SEOUL -- Doosan Vina, the Vietnamese subsidiary of Doosan Enerbility, a power plant equipment manufacturer in South Korea, will supply a substructure for offshore windfarms to Orsted, a Danish power company involved in major offshore wind power projects in the world. Monopiles will be supplied for Orsted's offshore wind power projects in Southeast Asia and Europe. Doosan Enerbility said that a business agreement was signed between Doosan Vina and Orsted on the sidelines of a sus
November 3, 2022 -
Lotte Shopping introduces Ocado's integrated online business solution
SEOUL -- Lotte Shopping, a retail company affiliated with Lotte Group, partnered with Ocado, a British dedicated online grocery retailer, to strengthen its competitive edge in South Korea's online grocery market with an integrated solution that would be used to improve the inconvenience of consumers in online shopping such as product deterioration and misdelivery and establish a customized online shopping environment. Ocado's smart platform is an "end-to-end" sol
November 2, 2022 -
Hyundai shipyard's lashing-free container ship secures design approval from international societies
SEOUL -- The world's first lashing-free container ship, designed by South Korea's Hyundai shipbuilding group, has secured design approval from international societies. The ship does not require extra fixing work and uses a new concept device called "Portable Bench" that receives the load of containers stacked on the top of the deck and delivers it to the hull. Container lashing is the process of securing containers together on board a ship to prevent containers fro
November 1, 2022 -
Doosan Enerbility jumps into battery recycling market with eco-friendly method
SEOUL -- Doosan Enerbility, a power plant equipment manufacturer in South Korea, jumped into the waste battery recycling market through cooperation with L & F, a domestic cathode active material producer, to extract lithium from waste powder generated during the production of cathode materials. With L & F's waste power, Doosan Enerbility will extracts lithium with its patented technology that selectively separates lithium using distilled water and extracts lithium carbon
November 1, 2022 -
High manganese steel LNG fuel tank installed on container carrier at Daewoo shipyard
SEOUL -- A liquefied natural gas fuel tank made of high manganese steel has been installed on a giant container carrier under construction at South Korea's Daewoo shipyard. This is the world's first dual fuel-powered container carrier carrying an LNG fuel tank using high manganese steel, which is an alternative material for cryogenic services. Daewoo Shipbuilding & Marine Engineering (DSME) said that a square-shaped high-manganese steel LNG fuel tank has been mounted i
October 31, 2022 -
Ceremony held to break ground for first research institute on dismantling nuclear power plants
SEOUL -- The construction of South Korea's first research institute on the dismantlement of nuclear power plants began amid concerns over radioactive waste in decommissioning old reactors. South Korea has 24 reactors in operation, which meet one-third of the country's power needs. An aging reactor in the Gori nuclear power complex near the southeastern port of Busan is to be permanently shut down in 2017. For decades, South Korea, which has almost no reserves of fossil f
October 31, 2022 -
Hyundai Motor's hexagonal-shaped future city concept inspired by honeycomb pattern
SEOUL -- A smart city reference model designed by South Korea's Hyundai auto group minimizes environmental damage by limiting development areas and preventing indiscriminate expansion. Inspired by a honeycomb pattern, the concept is a hexagonal-shaped urban development with a human-centered surface layer and a functional underground layer. The auto group unveiled a virtual public exhibition of the concept that envisions a sustainable green city where large natural areas are p
October 31, 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