Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
SK hynix announced on April 1 that it has developed the semiconductor industry’s first neon gas recycling technology in collaboration with the domestic specialty gas company TEMC. This achievement comes just over a year after starting the development of recycling technology with a domestic material,
Hyundai Motor Group announced on March 27 that it will hire 80,000 people and invest 68 trillion won in Korea over the next three years from this year to 2026. The plan is expected to create about 198,000 decent new jobs.The announced investment in Korea is a significant increase from the 56.2 trill
SG is a leading domestic asphalt concrete maker. We expect to see: 1) significant improvement in public procurement orders following the end of regulations on SMEs; 2) market share expansion for the firm’s ecosteel asphalt concrete; and 3) benefits for the newly established Ukrainian subsidiary afte
The Korean Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on March 10 that they held the Korea-UAE Future Technology Partnership Plaza in Dubai of the United Arab Emirates (UAE) for two days from March 6 to 8.The event was held to sho
Ecopro announced plans to invest approximately 1.2 trillion won in domestic ventures this year, focusing on its Pohang Campus. The company is allocating 690 billion won for the expansion of its precursor factory, 320 billion won each for the expansion of cathode material and lithium hydroxide factor
The Ministry of Trade, Industry and Energy announced this year it will invest a total of 1.141 trillion won in research and development (R&D) for materials and components technology, focusing on creating a significant lead in advanced industries, stabilizing supply chains, and achieving carbon neutr
The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on Feb. 23 that they held an online briefing on the 2024 Secondary Battery U.S. Investment Strategy to help Korean companies break into the U.S. secondary battery market.The event was
SK hynix Inc. announced today that it has established a roadmap to actively utilize recycled1 and renewable2 materials in production, marking the first case that a semiconductor company lays out such mid- to long-term plan.“In order to achieve Net Zero, or Carbon Neutrality, establishing a circular
SK ecoplant is strengthening cooperation with the US state of Nevada, which is rising fast as a hub for the U.S. electric vehicle and battery industry.SK ecoplant announced on Jan. 14 that it had a business meeting with Nevada Governor Joe Lombardo at a Las Vegas plant of its recycling subsidiary TE
The Korea International Trade Association (KITA) on Dec. 25 released a report on how to secure raw materials to foster Korea’s electric vehicle battery recycling industry. The report was written based on forecasts from SNE Research, a market research firm specializing in energy.The size of the globa
POSCO International is rapidly transforming into an eco-friendly comprehensive business company and a business platform provider.POSCO International announced on Dec. 19 that, in its first year since the merger with POSCO Energy, it has successfully established three major business value chains -- e
Lotte Chemical announced on Dec. 18 that its packaging made of “PET CLEAR” material has been certified for its excellent recyclability by RecyClass, a European institution that verifies recyclability.To obtain this certification, the plastic’s material, design, type, labeling, and other factors are
Coway Co., Ltd., the “Best Life Solution Company,” announced that it is on the ‘2023 Dow Jones Sustainability Asia Pacific Index (“DJSI Asia Pacific”)’ for the 11th consecutive year. Of the 609 evaluated companies worldwide, only 156, the top 25.6%, were selected, and only 36 companies from South Ko
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
The Korean government will provide 38 trillion won (US$29 billion) in financial support, including expanding loan limits and debt guarantees for the Korean secondary battery industry over five years. A separate bill will also be prepared to support the growth of a used battery industry ecosystem.The
An increase in the use of electric vehicles (EVs) is increasing the number of waste batteries. Under these circumstances, Korean researchers have developed a new technology to recycle them in an eco-friendly way.On Dec. 7, the Korea Institute of Geoscience and Mineral Resources (KIGAM) announced tha
The U.S. government has clarified a regulation denying subsidies for electric vehicles with parts made by Chinese state-affiliated companies by stating that it includes joint ventures with foreign entities outside of China if the ownership stake of the Chinese company in the venture exceeds 25%. It
POSCO Group has commenced operations of South Korea’s first lithium plant. The group is accelerating the establishment of a supply chain and the domestic production of core materials for its secondary battery business, a key driver of its new growth.On Nov. 29, POSCO Group announced the completion o
SK ecoplant, in collaboration with EcoPro and TES, is set to establish a battery recycling plant in Hungary. This strategic move will capitalize on Hungary's status as a European Battery Production Hub, where a number of global battery and electric vehicle companies are present, ensuring a steady su