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Reporter : Park Jae-hyuk
Wed, October 4, 2023 | 21:36
POSCO Future M, LG Chem, EcoPro BM hit by plunging lithium, nickel prices
Korean producers of cathode materials for electric vehicle (EV) batteries are likely to see a drop in third-quarter operating profits, according to securities analysts, Wednesday.
Korean steelmakers on alert over initiation of EU carbon border tariff
The European Union began forcing POSCO, Hyundai Steel and other Korean steelmakers to report carbon emissions from production every quarter, threatening to impose penalties of up to 50 euros ($52) per ton on companies that do not comply with the new rule.
Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar
Korean shipbuilders are expected to win more bids than Chinese competitors for forthcoming orders from Qatar for the second phase of the Middle Eastern country’s liquefied natural gas (LNG) carrier acquisition project, according to industry officials, Tuesday.
Builders vie for leadership in modular construction
Competition is heating up among major Korean builders to gain the upper hand in the market for modular construction, which involves producing standardized components of a structure in an off-site factory and assemblage on-site.
POSCO International to enter US grain market
POSCO International Vice Chairman Jeong Tak, left, shakes hands with Savage CEO Kirk Aubry in Kansas City, Monday (local time), after the Korean firm signed a joint venture framework agreement with Bartlett and Company, a Savage subsidiary that exports grain to Mexico. POSCO International said Tuesday that the agreement will enable the company to enter the U.S. grain market. ...
Korean gov't faces international criticism for R&D budget cuts
The international scientific community is criticizing a decision by the Korean government to cut next year's budget for state-sponsored scientific research activities. The criticism comes after the decision raised public concerns here for possibly damaging the country’s growth potential.
SK earthon begins crude oil production in South China Sea
SK earthon commenced crude oil production in the South China Sea at the Lufeng 12-3 oilfield for which the company won mining rights in 2015, the subsidiary of SK Innovation said Monday.
Lawmakers want to grill business tycoons over decision to rejoin FKI
The heads of Samsung, SK, Hyundai Motor and LG business groups are once again facing the prospect of appearing as witnesses at a National Assembly audit of the government next month, according to sources familiar with the matter, Friday.
'Songpyeon' for low-income families
S-Oil CEO Anwar A. Al-Hejazi, left, performs the finger heart gesture while making “songpyeon,” traditional Korean half-moon-shaped rice cakes for the Chuseok holidays, at the oil refiner’s headquarters in Seoul, Friday, along with the company employees, children from neighboring daycare centers and students from Saudi Arabia. The CEO also delivered 50 milli...
Foreign employees rewarded for contribution to Korea's shipbuilding industry
Two foreign workers received awards for their contribution to Korea’s shipbuilding industry, during the celebration of the 20th Shipbuilding and Offshore Day hosted on Wednesday by the Ministry of Trade, Industry and Energy and the Korea Shipbuilding & Offshore Association (KOSHIPA).
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