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

By Kim Seung-yeon SEOUL, Jan. 13 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday its joint U.S. electric vehicle (EV) battery venture with Japan's Honda Motor Co. has officially set sail, taking a step further in the advance into the American market. The launch of L-H Battery Co. Inc., the venture's official name, came

By Kim Seung-yeon LAS VEGAS, Jan. 8 (Yonhap) -- SK Geocentric Co., a South Korean chemical company, said Sunday it has signed a contract with a British firm to build a plastic pyrolysis plant in South Korea, taking a step closer to establishing what will be the world's first plastic recycling cluster in two years.

CES 2022 in Las Vegas last January South Korean tech companies are ready to showcase their latest products and innovative technologies at CES 2023, the world's largest consumer electronics show slated to open in Las Vegas next week. CES will be held in a bigger and more fully in-person fashion this time, with global tech

SEOUL, Dec. 23 (Yonhap) -- Samsung Electronics Co. on Friday held an opening ceremony for a research and development center in Vietnam, in what the tech giant said is the largest such facility in the Southeast Asian country set up by a foreign firm. "I expect the R&D center to contribute to Vietnam's industrial competitiveness

State spending on strategic industries to surge 43% next year (ATTN: RECASTS headline, lead; ADDS Yoon's comments, more details throughout, photo) SEOUL, Dec. 14 (Yonhap) -- South Korea on Wednesday held a ceremony to celebrate the operation of its 27th nuclear reactor, as the country has striven to become a nuclear powerhouse and to better

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Dec. 9 (Yonhap) -- Hyundai Motor Group and SK On Co. will build an electric vehicle battery manufacturing facility near Atlanta in the U.S. state of Georgia, the state government has announced, after the two South Korean companies unveiled a plan

State spending on strategic industries to surge 43% next year SEOUL, Dec. 5 (Yonhap) -- POSCO Chemical Co. said Monday it has clinched a long-term deal to supply a key battery material to the U.S.-based joint venture between South Korea's LG Energy Solution Ltd. and General Motors Co. POSCO Chemical will supply US$688.6 million worth