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Reporter : Park Jae-hyuk
Fri, July 1, 2022 | 01:53
POSCO Chemical breaks ground for EV battery materials plant in Pohang
POSCO Chemical started construction on a high-nickel cathode material factory in Pohang, North Gyeongsang Province, Thursday, two weeks after POSCO Group broke ground for its lithium plant in Argentina.
Samsung Electronics posts record quarterly sales with rosy outlook
Samsung Electronics announced Thursday that its first-quarter sales are estimated to have hit a record high with a better-than-expected operating profit, despite multiple difficulties from unfavorable factors here and overseas. In its earnings guidance, the tech firm estimated that its sales, based on International Financial Reporting Standards (IFRS), rose 17.76 percent year...
US probe into LG batteries an 'ordinary follow-up procedure': LGES
LG Energy Solution (LGES) said Wednesday that there will be no additional issues regarding the U.S. National Highway Traffic Safety Administration's (NHTSA) recent decision to open a review process to ensure that all defective batteries produced by the company have been recalled by automakers.
Korean companies in dilemma over doing business in Sri Lanka
Samsung Electronics, Hyundai E&C and other companies doing business in Sri Lanka are increasingly concerned about the potential negative impact of the island country's political turmoil and economic crisis, according to industry officials, Wednesday.
KOTRA reopening offices in US, Europe
The Korea Trade-Investment Promotion Agency (KOTRA) has been making preparations for the reopening of its office in the Portuguese capital of Lisbon, more than a decade after its closure, according to the agency, Tuesday.
Hanwha Defense goes all out to sell armored vehicles to Australia
Hanwha Defense appears to be going all out to win a 22-trillion-won ($18 billion) contract to supply infantry fighting vehicles to Australia, where it is set to build its factory to produce the K9 Thunder self-propelled howitzer, according to industry officials, Tuesday.
Yoon's plan for Korean version of NASA seen as half-baked
President-elect Yoon Suk-yeol and his incoming administration should be more specific in their pledges to establish a control tower directing the nation's space policies, while conducting a fundamental review of its necessity and roles, according to aerospace experts. This advice has come amid intensifying conflict among local governments over the location of the Korean versi...
Google irks Korean users again over belated response to Chrome bug
Google faced criticism from Korea's internet users once again for not fixing an error in Chrome promptly, despite their continuous complaints over the past few days.
Fears grow over China's retaliation to Korea's planned fines for shipping firms
China has warned of potential retaliation against the Korea Fair Trade Commission's (FTC) attempt to fine shipping companies, including dozens of Chinese firms, for their alleged collusion to fix the freight rates for sea routes between the two countries over more than a decade.
Businesses wary of following POSCO's return-to-office plan
POSCO Group became the first Korean conglomerate to scrap its work-from-home system amid the pandemic, prompting big businesses here to consider bringing their employees back to their offices.
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