State spending on strategic industries to surge 43% next year Celltrion's COVID-19 test kit DiaTrust (Celltrion) Celltrion announced Thursday that it had won a contract to supply its rapid COVID-19 test DiaTrust to the US government. Starting Oct. 1, Celltrion USA, Celltrion’s US-based unit, will begin supplying COVID-19 tests to 25,000 sites, including military facilities,

State spending on strategic industries to surge 43% next year By Kang Yoon-seung SEOUL, Sept. 23 (Yonhap) -- South Korea said Thursday it plans to invest 42.4 billion won (US$35.8 million) through 2023 to develop core technologies for hydrogen-powered trams. The budget will also be spent to find ways to modify hydrogen fuel cells used

State spending on strategic industries to surge 43% next year By Kim Eun-jung SEOUL, Sept. 17 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. said Friday it has signed a 350 billion won (US$297.5 million) deal to acquire a 4.8 percent stake in China's Greatpower Nickel & Cobalt Materials Co. for a stable

State spending on strategic industries to surge 43% next year SKC President Lee Wan-jae (right), SKC picglobal CEO Won Ki-don (center) and PIC CEO Mutlaq al-Azmi pose during a signing ceremony for their memorandum of understanding in Los Angeles, Thursday. (SKC) SKC, the chemical affiliate of SK Group, will cooperate with Kuwait’s state-operated petrochemical giant

State spending on strategic industries to surge 43% next year SEOUL, Sept. 14 (Yonhap) -- South Korea's LG Chem Inc. said Tuesday it will collaborate with the American agricultural processor Archer Daniels Midland Co. (ADM) to build a bio-based plastic plant in the United States. LG Chem and AMD have agreed to establish a joint

State spending on strategic industries to surge 43% next year By Kim Kwang-tae SEOUL, Sept. 9 (Yonhap) -- POSCO Chemical Co. said Thursday that it has acquired a 13 percent stake in Qingdao Zhongshuo New Energy Technology Co. for 4.9 billion won (US$4.2 million) in the latest move to secure a key material required to

State spending on strategic industries to surge 43% next year Coupang’s fulfillment center (Coupang) South Korea’s leading chemical firm LG Chem has joined hands with the nation’s e-commerce giant Coupang to recycle 3,000 metric tons of plastic packaging waste and to offer a door-to-door plastic-waste retrieval system. At Coupang’s headquarters in Jamsil, southeastern Seoul, LG

State spending on strategic industries to surge 43% next year Hyundai Mobis Co.'s fuel cell power pack is shown in this photo provided by the organizing committee of H2 Mobility+Energy Show on Sunday. (Organizing Committee of H2 Mobility+Energy Show) South Korea will host a hydrogen mobility show this week to showcase the latest technologies in

State spending on strategic industries to surge 43% next year Noh Kug-lae, president of LG Chem’s petrochemical operations (right) and Han Seung-uk, chairman of Dansuk Industrial, pose after signing a head of agreement at Dansuk Industrial headquarters in Siheung, Gyeonggi Province, Thursday. The two agreed to form a joint venture and build South Korea’s first

State spending on strategic industries to surge 43% next year SEOUL, Sept. 2 (Yonhap) -- HMM Co., South Korea's biggest container shipper, and its labor union struck a wage deal Thursday, ending their 77-day labor dispute. They agreed to a 7.9 percent pay increase and incentives of up to 650 percent of workers' monthly wages,