State spending on strategic industries to surge 43% next year SK Group Chairman Chey Tae-won (right) poses with Plug Power CEO Andrew J. Marsh during a meeting to discuss hydrogen ecosystems held at its headquarters in central Seoul, on Wednesday. (SK Group) SK Group Chairman Chey Tae-won held consecutive meetings with the heads of US-based

State spending on strategic industries to surge 43% next year A hydrogen fuel cell of Doosan Fuel Cell (Doosan Group) Doosan Group said Thursday it has established “Doosan H2 Innovation” to consolidate the group’s hydrogen research and development efforts currently dispersed across different affiliates. According to South Korea’s No. 15 conglomerate, the newly established company

State spending on strategic industries to surge 43% next year By Joo Kyung-don SEOUL, Sept. 29 (Yonhap) -- LG Electronics Inc. is likely to report solid third-quarter earnings, analysts said Wednesday, as its mainstay home appliance business is expected to offset a slump from vehicle components and B2B units. The South Korean tech giant was

State spending on strategic industries to surge 43% next year DL Chemical headquarters in Jongno, central Seoul (DL Chemical) DL Chemical, the world’s largest producer of polybutene, said Tuesday it will acquire Texas-based specialty chemical manufacturer Kraton for $1.6 billion to bolster its presence in the US and European markets. According to the subsidiary of

State spending on strategic industries to surge 43% next year By Kang Yoon-seung SEOUL, Sept. 28 (Yonhap) -- South Korea's trade ministry said Tuesday it is seeking to forge a deeper partnership with Italy in the biotechnology and eco-friendly energy segments to brace for the post-pandemic recovery and seek sustainable economic growth. South Korea and

State spending on strategic industries to surge 43% next year By Kim Eun-jung SEOUL, Sept. 28 (Yonhap) -- South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture

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