LG Chem announced on Dec. 13 that it will hold a groundbreaking ceremony for the largest anode material factory in North America on Dec. 19 in Clarksville, Tennessee. This comes 13 months after signing a memorandum of understanding (MOU) with the state of Tennessee for the construction of the anode
Kia announced it will procure 250 Gigawatt-hours (GWh) of renewable energy from solar power generation.On Dec. 13, Kia signed a Solar Power Purchase Agreement (PPA) with Hyundai Construction at its headquarters in the Yangjae neighborhood of Seoul. The signing ceremony saw the attendance of signific
The top three domestic battery companies in South Korea are focusing on nurturing the energy storage system (ESS) sector to secure mid-to-long-term growth drivers. This move comes as global electric vehicle demand begins to slow, prompting these companies to shift their focus from quantitative to qu
Samsung C&T is joining hands with multinational corporations to participate in Oman’s large-scale green ammonia project.On Dec. 13, the construction division of Samsung C&T announced that it has formed a consortium with Japan’s Marubeni, Oman’s state-owned energy company OQ, and UAE’s Dutco, among o
Samsung Electronics and Dutch semiconductor equipment company ASML are set to invest a total of 700 million euros to build a future semiconductor technology research and development (R&D) center in South Korea. The center’s primary goal is to develop ultra-fine manufacturing processes and necessary
Medytox announced on Dec. 13 that its subsidiary, NEWMECO, has launched a next-generation botulinum toxin product named NEWLUX. NEWMECO received product approval from the Ministry of Food and Drug Safety in August for NEWLUX, a botulinum toxin formulation that eliminates the use of animal-derived co
DL Engineering & Construction (DL E&C) has announced a feasibility study contract with Kellogg Brown & Root (KBR), a U.S. petrochemical and energy technology specialist, for the production of sustainable aviation fuel using the “Alcohol to Jet” (ATJ) technology that converts plant-derived ethanol in
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
LG Display is revving up its efforts to solidify its position as the global leader in the automotive display business, a custom-order venture that’s also a key driver of its future growth. This move is backed by its unique technological capabilities.According to the global market research firm Omdia
Samsung Electronics is rapidly advancing the development and mass production of its next-generation memory technology, Compute Express Link (CXL), to establish market dominance following its High Bandwidth Memory (HBM). According to the patent search system KIPRIS on Dec. 12, Samsung filed four trad
Amid heightened concerns over China’s military threats to Taiwan and major companies like Apple, Nvidia, AMD, and Qualcomm seeking to diversify their supply chains, industry analysts suggest that Samsung Electronics’ advancements in 2-nm technology could present a significant opportunity for the com
WASHINGTON—In advanced industries such as computers and electronics, motor vehicles, and machinery and equipment, South Korea’s economy is 77 percent stronger than the relative global average, ranking second behind only Taiwan, according to a new report from the Information Technology and Innovation
Samjong KPMG (KPMG Korea) predicts that the semiconductor and smartphone markets will rebound in 2024 thanks to the full-scale commercialization of artificial intelligence (AI) technology. On the other hand, the automobile, shipping, construction, and distribution industries are likely to show slugg
SK Group Chairman Chey Tae-won has not stopped his overseas business travels, going to the United States and Europe towards the end of the year in December.The SK chairman visited SK hynix America in San Jose and three affiliates and investors, including Gauss Labs and Lunar Energy, in the United St
Korean battery manufacturers are focusing on silicon anode materials as a key strategy to reduce dependence on Chinese graphite, a major weakness of K-batteries. This next-generation material is estimated to have an energy density about 10 times higher than the graphite-based anode materials current
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
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.Gaining a solid fan base among NAVER Webtoon subscribersYLAB, listed on the KOSDAQ in July this year, is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Sc
HD Hyundai Heavy Industries (HHI) is considering importing blocks for merchant ships from China for the first time since its establishment. Until now, all of the blocks for merchant ships have been manufactured by HD HHI’s Korean partners and delivered to HD HHI.According to industry sources on Dec.
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
Huawei’s launch of a 5G smartphone equipped with a 7-nanometer chip in August sparked immediate calls in the United States for stronger sanctions against China, highlighting the global significance of the U.S.-China tech competition.However, upon closer examination, this U.S.-China tech rivalry also