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,

State spending on strategic industries to surge 43% next year SK Geo Centric CEO Na Kyung-soo explains the firm’s plans to transform into a total waste plastic recycling company. (SK Geo Centric) SK Global Chemical on Tuesday rebranded as SK Geo Centric to transform into an urban plastic recycling company with plans to invest 5

State spending on strategic industries to surge 43% next year An electric vehicle is connected to Hi-Charger, an exclusive ultrahigh speed charger developed by Hyundai Motor. (Hyundai Motor) South Korea will ramp up spending on the next-generation automobile, chip and bio-health sectors next year in an effort to nurture homegrown companies into leading players in

Hyundai Oil Bank rolls out beer inspired by premium gasoline brand Hyundai Oil Bank's collaboration beer Premium IPA (Hyundai Oil Bank)   Hyundai Oil Bank has rolled out an IPA beer in collaboration with CU, a leading convenience store franchise here, to offer an exciting experience to the MZ generation, the Korean oil company said

Exports soar 41% in first 20 days of August his file photo, taken Aug. 2, 2021, shows stacks of containers at a port in South Korea's southeastern city of Busan. (Yonhap)   South Korea's exports jumped 40.9 percent on-year in the first 20 days of August on the back of robust demand for chips, autos

Refiners make big turnaround in H1 on robust petrochem biz The industrial complex in the southern port city of Ulsan where production bases of Korea's major petrochemical companies are located (Yonhap)   Major Korean refiners posted strong earnings in the first half of the year thanks to solid petrochemical businesses, swinging from the pandemic-driven losses