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Reporter : Kim Hyun-bin
Sun, December 3, 2023 | 10:01
LS constructs nickel sulfate plant in Asan to bolster EV battery materials output
LS Group completed construction of a nickel sulfate plant, strengthening its next-generation battery core material business. LS said, Monday, that the plant, located in Asan, South Chungcheong Province and operated with affiliate Toricom, is capable of producing 5,000 tons of the key material for electric vehicle (EV) batteries.
KCCI chief stresses communication, expo, and new entrepreneurship marking 3rd year
SK Group Chairman Chey Tae-won entered his third year, Friday, as head of the Korea Chamber of Commerce and Industry (KCCI), one of the leading business lobby groups in the country. Chey plans to broaden communication and focus all of his efforts in helping Busan win its bid to host the World Expo 2030. The keywords for the chairman's third year in office are communication, E...
Genesis launches 2023 G90 sedan
Hyundai Motor's luxury brand said Friday it began sales of the 2023 Genesis G90 sedan, featuring expanded options including a 3.5-liter V6 twin turbo gasoline engine with added power provided by a 48V electric supercharger (e-S/C) as well as improved safety and convenience specifications.
POSCO International fosters CCS business as new growth engine
POSCO International has been speeding up the commercialization of carbon capture and storage (CCS) to be its future growth engine, according to the company, Tuesday. The move comes after carbon neutrality by 2050 was set as a national task and legislation was expanded for carbon dioxide capture, transportation and storage.
Will Samsung Electronics resume large-scale buyouts by acquiring Rainbow Robotics?
Samsung Electronics has been seeking to conduct large-scale buyouts for years and the company's recent purchase of shares in Rainbow Robotics, a robot development company, is drawing attention, according to industry officials, Monday. Samsung Electronics virtually stopped its corporate acquisitions after acquiring Harman, a U.S. automotive electronics maker, in 2017 for 9 tri...
Can FKI regain status as leading business lobby?
The Federation of Korean Industries (FKI) succeeded in bridging Korea-Japan economic ties by hosting a meeting between major business conglomerates in the two countries last week. The heads of four major Korean conglomerates, including Samsung Electronics Chairman Lee Jae-yong, took part in the FKI event, which signaled a resumption in the role of the business lobby group aft...
Number of int'l flights recovers to 70% of pre-COVID-19 level
As the number of international flight passengers is rapidly rising to pre-pandemic levels, domestic airlines are scrambling to expand international routes and add more airplanes to their fleets. According to the Ministry of Land, Infrastructure, and Transport, Sunday, the number of passengers on international flights stood at over 4.5 million in both January and February, con...
KCCI builds solution platform 'WAVE' to help solve global challenges at Expo
The Korea Chamber of Commerce and Industry (KCCI) established a collective intelligence platform “WAVE” to attempt to solve problems of all mankind such as climate change, environmental degradation, and human rights failings.
Korea, Japan to set up 'future partnership funds' to restore ties
Business lobbies of South Korea and Japan announced Thursday that they will establish two “future partnership funds,” one in each country, to bolster bilateral cooperation in a wide array of sectors including joint research on global issues and youth exchange programs. The decision was jointly announced by the Federation of Korean Industries (FKI) and the Japanese Business Fe...
Over 160 companies to participate in Seoul Mobility Show
The 2023 Seoul Mobility Show, the largest car exhibition in Korea, will be held at Kintex in Goyang, Gyeonggi Province, for 10 days from March 31, with more than 160 companies taking part. The Seoul Mobility Show Organizing Committee held a press conference at the Automobile Center in Seoul and disclosed the main events for the exhibition, Thursday.