State spending on strategic industries to surge 43% next year By Woo Jae-yeon SEOUL, Nov. 18 (Yonhap) -- Samsung Group's de facto leader Lee Jae-yong has met with leaders of Moderna and Verizon in the United States to enhance cooperation with the global partners, Samsung said Thursday, as part of efforts to secure the conglomerate's

State spending on strategic industries to surge 43% next year SEOUL, Nov. 18 (Yonhap) -- SKC Co., a chemical unit of South Korea's No. 3 conglomerate SK Group, said Thursday it will spend 900 billion won (US$760.7 million) to build a battery copper foil factory in Poland, as part of efforts to expand its market

State spending on strategic industries to surge 43% next year By Nam Kwang-sik SEOUL, Nov. 15 (Yonhap) -- Hyundai Electric & Energy Systems Co. (HE) said Monday it will launch a 26.6-billion won (US$22.5 million) project to build an eco-friendly electricity generation and supply system in an industrial complex in South Korea. To that end,

State spending on strategic industries to surge 43% next year SEOUL, Nov. 16 (Yonhap) -- Trade officials from South Korea, China and Japan discussed ways Tuesday to enhance trilateral economic cooperation amid the pandemic and to boost trade and investment in such broader fields as environment and energy, Seoul's trade ministry said. During the one-day

State spending on strategic industries to surge 43% next year A concept image of how Hyundai Oilbank aims to capture carbon, turn it into construction materials and supply them to construction sites. (Hyundai Oilbank) Hyundai Oilbank is capturing carbon emissions and transforming them into raw materials used for cement and concrete at construction sites, as

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Oct. 27 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Wednesday it will build a battery separator production plant in Hungary with Japanese chemical giant Toray Industries Inc. as part of efforts to expand its presence in the

State spending on strategic industries to surge 43% next year SEOUL, Oct. 25 (Yonhap) -- POSCO Chemical Co., a unit of South Korea's steel giant POSCO, said Monday it has signed a deal with a Norwegian electric vehicle (EV) battery maker on development and supply of key EV battery components in a bid to tap

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Oct. 25 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Monday its third-quarter net profit rose 19.2 percent from a year earlier, backed by solid petrochemical sales despite the one-off factor from its electric battery (EV) recall costs.

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Oct. 21 (Yonhap) -- Lotte Chemical Corp., a South Korean petrochemical company, said Thursday it will invest about 100 million euros (US$116 million) in a global hydrogen fund as part of efforts to ramp up its portfolio in clean energy. The

State spending on strategic industries to surge 43% next year By Nam Kwang-sik SEOUL, Oct. 22 (Yonhap) -- South Korean fuel cell maker Doosan Fuel Cell Co. said Friday that it has signed a preliminary deal with two local companies to develop fuel cells using biogas. Under the deal with Korea Western Power Co. and