LS Group’s carbon free electricity (CFE) business is gaining momentum. The sub-subsidiary of LS Group, a company specializing in environmentally friendly core materials and components, has seen a sharp increase in its corporate value.According to the Korea Exchange on Dec. 13, LS Materials’ stock cl
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
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
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
Lotte Chemical has pioneered the domestic development of manufacturing technology for separator coating materials to address the instability of lithium metal anodes.Lotte Chemical announced on Nov. 28 that it has completed the development and domestic patent application for manufacturing technology
BASF, a globally leading battery materials producer, and SK On, a globally leading electric vehicle battery cell manufacturer, have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collab
Researchers in South Korea have confirmed the mechanism of deterioration occurring inside the anodes of solid-state batteries and have demonstrated the possibility of stable operation of these batteries in a low-pressure environment.The Korea Institute of Science and Technology (KIST) announced on N
LS Materials, a subsidiary of LS Cable & System, has announced on Nov. 8 that it will supply ultracapacitors (UC), also known as “next-generation secondary batteries,” to a Japanese manufacturer of Automated Guided Vehicles (AGVs).The UC is an industrial special battery known for its rapid charging
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.3Q23 OP decent at KRW7.8bn (positive swing YoY, +754% QoQ)SK IE Technology posted operating profit of KRW7.8bn (positive swing YoY, +754% QoQ) on sales of KRW182.2bn (+35% YoY, +20% QoQ) for 3Q23, beatin
SK Innovation has successfully achieved a turnaround to profitability within just one quarter, driven by the growth in its overall business profits. The battery division has improved its chances of turning a profit in the fourth quarter, recording its historically lowest operating losses. Meanwhile,
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
Hyundai Motor Group will apply all-solid-state batteries considered a next-generation innovative battery to its major electric vehicle models in 2030 at the latest. All-solid-state batteries have higher energy density than lithium-ion batteries currently in use, allowing for longer driving distances
Hanwha Ocean unveiled its latest combat vessel, a domestically produced medium-sized 3,000-ton submarine, and a future unmanned command and control ship at Seoul International Aerospace & Defense Exhibition (ADEX) 2023, which runs until Oct. 20, as announced on Oct. 19.The showcased KSS-III Batch-II
Korea’s battery industry is rapidly advancing its technological development towards the commercialization of solid-state batteries, the next generation of cells. By replacing the liquid electrolytes traditionally used between the cathode and anode with solid materials, these batteries promise unpara
As of April this year, South Korea has emerged as one of the top three external importers of the European Union (EU). Excluding European countries, South Korea has secured the third position in this ranking, following China and the United States. This marks the first time that South Korea has surpas
The large-scale imports of Chinese-made vehicles and batteries is expected to have a significant impact on the domestic car market and parts industry in Korea. The increase in Chinese imports can be attributed to competitive pricing, driven in part by rising raw material costs.Experts argue that whi
Hanwha Aerospace is set to showcase its extensive range of defence technologies at DSEI 2023 to be held from 12nd-15th September at ExCel, London.Hanwha Aerospace will unveil its K9A2 Self-Propelled Howitzer (SPH) platform fitted with the Composite Rubber Track (CRT) developed by Soucy Defense, a ke
Three defense affiliates of Hanwha Group are set to showcase “next-generation weapon systems” in Poland to actively address Europe’s security needs.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean will present advanced weapon systems in the unmanned and ground, maritime, air, and space sectors at
According to a recent survey, South Korean companies, which have secured the top position in major industry products and service sectors worldwide, have now risen to the third spot along with Japanese companies in terms of global market share.In its 2022 self-conducted survey of market share in 63 m
SK on, a subsidiary of SK innovation battery, has successfully co-developed an oxide-based solid electrolyte with the world’s highest lithium-ion conductivity.On Aug. 31, SK on announced that the research results on the oxide-based solid electrolyte, co-developed with Professor Park Hee-Jung’s resea