SK Innovation announced on May 27 that it would ramp up its battery production 20-fold from the current level by 2025. Kim Joon, president of SK Innovation, declared his company's determination to pursue innovation to achieve the new goal at a press conference at the Four Seasons Hotel in Seoul.
Competition is heating up among Korea’s top four business groups -- Samsung, Hyundai Motor, SK, and LG -- to preempt the "e-mobility" market.SK Innovation, a major affiliate of SK Group, said on July 27 that it was discussing cooperation with various business partners to expand its electric vehicle
The price of Bitcoin has recovered to the 10 million won (US$8,435) range.The rebound is attributed to an increasing number of investors injecting money into cryptocurrencies amid increased variability in the global economy and global companies' moves to bring the virtual coin into the financial
KEB Hana Bank said on May 27 that its subsidiary incorporated in Mexico was inaugurated on May 24.Mexico is a strategically important market to South Korean companies because the country serves as a gateway to North America thanks to the North America Free Trade Agreement (NAFTA) and the United Stat
As Google Inc. has suspended Huawei Technologies Co.’s access to its Android operating system (OS) services, Samsung Electronics Co. is moving to benefit from it. The South Korean electronics giant has recently launched promotional activities in Singapore to absorb Huawei smartphone users.If Google
The Korean Agency for Technology and Standards (KATS) announced on May 26 that the micro fuel cell power system it has proposed to the International Electrotechnical Commission (IEC) has been registered as an IEC international standard (IEC 62282-6-400).This is the first big achievement since the go
Daewoong Pharmaceutical is conducting stem cell research. The company announced on May 26 that it presented the results of its stem cell therapy research for the first time at the third Spring forum for future medicine held at Seoul National University Hospital Biomedical Research Institute on May 1
Work to establish an investment fund to help Korean battery companies solidify their lead in the global market has virtually come to a deadlock. LG Chem and SK Innovation, which should take the initiative in establishing the fund, are currently at loggerheads over trade secrets.In November last year