Business
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LG Chem breaks ground on largest cathode material plant in US
SEOUL -- South Korea's major chemical company LG Chem has started the construction of the largest cathode plant in the United States. By 2026, the factory in Tennessee will have an annual production capacity of 60,000 tons of cathodes for high-performance batteries that can power about 600,000 electric vehicles with a range of 500 kilometers (310 miles). Along with anodes, cathodes are used to help the conduction of electricity through electrolyte materials. Demands for cathodes
December 20, 2023 -
Chinese shopping app Aliexpress garners largest number of new users in S. Korea in 2023
SEOUL -- The smartphone application of Aliexpress, the business-to-consumer ecommerce platform operated by China's online shopping giant Alibaba Group, has become the ecommerce app service that garnered the largest number of users in South Korea in 2023. The culture of "Jikgoo," direct buying in the Korean language, became popular among smart consumers about a decade ago. Some South Korean shoppers mainly used online shopping platforms such as Amazon and eBay to gain a
December 20, 2023 -
LS Cable develops copper flake-based foil material for high-performance batteries
SEOUL -- South Korea's major electrical cable manufacturer LS Cable has developed a new copper foil material for high-performance batteries used in electric vehicles. Unlike conventional foil material made using copper wires, the new material can be made using copper flakes, including leftover scrap copper pieces created during the process of electrical cable and wire production. Copper foils are used in high-performance batteries as current collectors and coatings for electrode
December 20, 2023 -
S. Korean exports of electric vehicles increase by 40% on-year in first three quarters of 2023
SEOUL -- South Korea's exports of electric vehicles and hydrogen fuel cell electric vehicles in the first three quarters of 2023 showed a growth rate of 40.9 percent on-year, according to data released by a private vehicle technology institute. Data released by Volkswagen, the world's second-largest carmaker, showed that during the first three quarters of 2023, the German automobile company saw a 45 percent increase in its EV sales compared to the same period in 2022. Howeve
December 19, 2023 -
Exports of S. Korea's commercial drone hardware and software surpass $11 million in 2023
SEOUL -- Exports of commercial drones, including both hardware and software and related services developed by 17 South Korean companies, reached $11.1 million in 2023, state data showed. The amount is higher by 4.8 times than South Korea's initial annual export plan set at the beginning of this year, which was $2.3 million. In the early days of commercial introduction, drones equipped with optical equipment were mostly used to carry out dangerous tasks. However, their role has b
December 19, 2023 -
SM BEXEL starts mass production of micro lithium ampoule military batteries
SEOUL -- SM BEXEL, the battery-making wing of South Korea's No. 2 bulk carrier operator SM Group, has started the mass production of micro lithium ampoule military batteries. The South Korean battery maker well known for its long-lasting AA and AAA batteries as well as lithium-ion cells injected some seven billion won ($5.4 million) in March 2023 to establish a military battery-making facility with an annual capacity of 2.5 million cells. The battery maker said that the mass
December 15, 2023 -
POSCO's digital transformation wing to develop robots for steel production
SEOUL -- POSCO DX, the digital transformation wing of South Korea's steel group POSCO has partnered with Chosun Refractories, a domestic refractory product maker, to create robots for steel production. The robots will be used for dangerous tasks such as handling high-temperature molten iron generated in a blast furnace. POSCO DX said on December 13 that it partnered with Chosun Refractories to develop new robots. The robots will be deployed to steel mills to assist the casting p
December 14, 2023 -
LG Unicharm builds solar power facility to produce sanitary pads and diapers
SEOUL -- Through a joint venture with Japan’s hygiene product maker Unicharm, South Korea's consumer goods company LG Household & Health Care has built a solar power generation facility with an annual capacity of 348-megawatt electricity. The joint venture "LG Unicharm" uses solar energy to produce sanitary pads and diapers. LG Household & Health Care said on December 13 that the joint venture completed the construction of the solar facility on the roofto
December 13, 2023 -
S. Korea to provide autonomous vehicle safety training for driver's license test
SEOUL -- South Korea will incorporate autonomous vehicle safety training for the national driver's license test in 2024. The country aims to set up various rules and policies to prepare for the operation of fully autonomous vehicles that don't require a human driver. South Korea unveiled its plan to commercialize level-4 self-driving in 2027. Unlike autonomous levels 1, 2, and 3 which assist human drivers to conveniently reach their destinations, a level 4 self-driving veh
December 13, 2023 -
Hyundai develops snow chain-integrated tire technology
SEOUL -- Hyundai auto group has developed an innovative snow chain-integrated tire technology using shape memory alloy. The car tire can be used as an ordinary car tire and deploy a snow chain by pressing a button. According to Transparent Market Research, a global market research firm, the global market for winter tires is estimated to grow at an annual average growth rate of 5.9 percent to reach $35.65 billion by 2029. Some states and provinces in the United States and Canada requ
December 12, 2023
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Yoon condemns North Korean troop deployment to Russia
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VISUALS: Farmers stack harvested rice in price protest
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Rosé of BLACKPINK racks up 100 million views on YouTube with latest single
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Samsung expands Galaxy AI language support to 20 languages
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Korean builders test robot delivery services at apartment complexes
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Activities spotted at North Korea's demolished inter-Korean road site
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Hyundai Motor reports drop in quarterly operating profit on warranty costs
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US expresses concern over North Korean troops in Russia
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LG Electronics Q3 profit falls despite record sales
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Myanmar rebels seize key rare earth mining hub, disrupting military junta's revenue