SEOUL, May 19 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical mineral used in electric vehicle (EV) batteries. Under the agreement signed with Green Technology Metals Ltd., LGES will acquire an approximately 7.89

SEOUL, May 11 (Yonhap) -- South Korea and Zimbabwe have agreed to push for talks on signing a trade and investment agreement to strengthen bilateral economic and industry ties, Seoul's industry ministry said Thursday. Trade Minister Ahn Duk-geun made the proposal to clinch the Trade and Investment Framework (TIPF) during a meeting with Zimbabwe's President

From left: Trade Minister Lee Chang-yang, Matthias Heinzel, a member of Merck's executive board and CEO of its Life Science business, and Daejeon Mayor Lee Jang-woo pose for a picture at a signing ceremony held in Daejeon. (Merck) Merck, a leading science and technology company based in Germany, said Wednesday it plans to build a

(Yonhap) South Korean battery maker SK On Co. said Wednesday it has signed an agreement with a US graphite company to develop battery-grade anode materials in an effort to bolster the sourcing of raw materials. The joint development agreement, inked with Westwater Resources Inc., calls for the two companies to work together to develop high-performance

By Kang Yoon-seung SEOUL, April 27 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to give the nod to Hanwha Group's plan to acquire Daewoo Shipbuilding & Marine Engineering Co. (DSME) under the condition the conglomerate does not discriminate against other rivals in the market. The decision came about four months after

By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- LG Chem Ltd. said Thursday it may consider adjusting its stake in a planned joint venture with Huayou Cobalt Co., a Chinese mining company, if the new U.S. law on green energy designates Chinese firms as concerned foreign entities. The comment came as the U.S. Inflation Reduction

SEOUL, Feb. 14 (Yonhap) -- South Korea and a group of Arab countries will hold a new round of negotiations for their free trade deal in Saudi Arabia this week, Seoul's trade ministry said Tuesday. The seventh round of talks for a bilateral free trade agreement (FTA) between South Korea and the Gulf Cooperation Council

CEO of Doosan Enerbility’s Power Services Business Group Park Hongook (left) and CEO of Siemens Gamesa’s offshore business Marc Becker sign a framework agreement for strategic cooperation in the Korean offshore wind power market. (Doosan Enerbility) Doosan Enerbility, a leading manufacturer of energy solutions in Korea, announced Tuesday that it has signed a framework agreement

By Kim Seung-yeon SEOUL, Jan. 30 (Yonhap) -- POSCO Chemical Co. said Monday it has signed a largest-ever long-term contract to supply a key component used in electric vehicle (EV) battery cells to Samsung SDI Co. POSCO Chemical will supply high-nickel cathodes, consisting of lithium, nickel, cobalt and aluminum, to Samsung SDI, for a 10-year

Posco CEO Choi Jeong-woo (ninth from left, back row) stands with Posco employees upon his visit to Pohang mills, Tuesday. (Posco) South Korea's top steelmaker Posco said Thursday it completed the restoration of its typhoon-hit steel manufacturing plants in Pohang, North Gyeongsang Province. According to Posco, all of its 17 steel manufacturing plants, which are