Hanwha Q CELLS announced on May 23 that it was ranked first place in the U.K. photovoltaic (PV) market for two consecutive years. According to a recent survey on U.K. solar panel installers by EuPD Research, Hanwha Q CELLS’ market share was 13.6 percent last year, up 3.8 percentage points from a yea

The global energy storage system (ESS) market will grow by about 40 percent this year but the Korean ESS market will suffer a contraction, a research report forecasts.In 2019, the global ESS battery market is expected to grow to 16 GWh, up 38 percent from 11.6 GWh in the previous year, market resear

Hyundai Motor is ready to launch the Kona EV in China as the purely electric SUV has been certified in China. The Korean automaker hopes to see a recovery in its sales as competitive new models, including the Kona EV, will be launched in the Chinese market.Hyundai Motor's Kona (Chinese name Enci

Hyundai Heavy Industries announced on May 23 that it has won an order for two large liquefied natural gas (LNG) tankers from European shipping companies. The two ships are worth US$390 million in total, with each measuring 299 meters long, 48 meters wide and 26.6 meters tall.Hyundai Heavy Industries

Companies in a growing number of countries are joining the anti-Huawei campaign launched by the United States, further isolating the Chinese tech giant from the international community.An increasing number of U.S. allies, such as the United Kingdom, Japan and Taiwan, are taking part in the anti-Huaw

The United States Department of Commerce recently fixed its countervailing duty on POSCO’s hot-rolled steel sheets at 41.57 percent after the United States Court of International Trade told the department to recalculate it for lack of reasonable grounds. Earlier, the department imposed a countervail

Global demand for electric vehicle (EV) batteries will far exceed supply starting in 2023, according to market research firm SNE Research.Currently, EV battery manufacturers are not making money, but they will be able to make a huge profit four years later.The global EV battery market is experiencin

Kumho Asiana Group is facing difficulties in selling off its stake in struggling Asiana Airlines Inc. Domestic business groups that were considered potential buyers, such as SK and Hanwha, all announced that they are not considering acquiring Asiana Airlines, raising the possibility that the stake s

Hyundai Engineering and Construction announced on May 22 that it has won a US$2.45 billion order to build a seawater supply facility in Iraq.The order was placed by Basrah Oil Company of the Iraqi Ministry of Petroleum. Hyundai E&C will build a seawater treatment plant capable of producing 5 million

Doosan Heavy Industries & Construction announced on May 22 that the company has signed an MOU with Midland Cogen Venture (MCV), a private power generation company in the United States, for cooperation in the gas turbine business. A signing ceremony was held at Doosan’s head office in Changwon, Korea

The gist of the Bio-Health Industry Innovation Strategy announced by the Korean government on May 22 was to create an ecosystem in the entire cycle of the bio-health sector from R&D to licensing, manufacturing, and marketing.The government is determined to nurture the bio-health sector as three futu

Unionized Renault Samsung Motors workers turned down the tentative wage and collective bargaining agreement that their leaders and the management reached in 11 months. Their unexpected refusal took both sides aback. The workers are planning to go on strike on May 27.Earlier, the workers announced on

Daewoong Pharmaceutical said on May 21 that CEO Jeon Seung-ho held a meeting of the Daewoong research and development (R&D) committee to call for continuous efforts to develop new drugs.The Daewoong R&D committee is a governing body for systematic management of Daewoong Pharmaceutical's new drug

SK Innovation is ramping up investment in electrical vehicle (EV) battery production plants as it is determined to foster EV batteries as a new growth engine.The company set up three overseas subsidiaries for battery production in the first quarter of this year. It established SK High-Tech Battery M

SK Group has introduced a four-day workweek system that allows employees to work four days a week every other week.The SK Supex Promotion Council and the group’s holding company SK Corp. began to fully implement the four-day workweek from this year after running it tentatively at the end of last yea

The Hyundai Motor labor union has decided to give up its position as a sole negotiating body after repeated requests and for the first time in eight years since the introduction of trade union pluralism. This is signaling a sea change in the relationship between the company’s management and the unio

Yello Mobile announced on May 15 that it has ended legal disputes with its major partners and is poised for takeoff.In its first quarter business report, the business group said lawsuits filed by its major partners, including Alpen-Route Asset Management and Coinone, have been brought to a happy end

Korea's next-generation nuclear reactor APR1400 has received favorable reviews from members of the World Association of Nuclear Operators (WANO) for its compliance with the requirements of the U.S. Nuclear Regulatory Commission (NRC)."The U.S. Nuclear Regulatory Commission (NRC) is in the rulema

LG Electronics has proclaimed “Zero Carbon 2030” to become carbon neutral by 2030. Carbon neutrality means reducing carbon dioxide through such activities as planting trees and generating electricity using renewable energy sources by the same amount as one produces it.LG Electronics plans to reduce

Sales of Hyundai Motor’s hydrogen car Nexo this year reached 1,075 units on May 17, exceeding the 949 units sold for the whole of last year. This is the first time Hyundai has sold more than 1,000 hydrogen cars annually since 2013 when it completed its hydrogen car mass-production system.Hyundai'