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

State spending on strategic industries to surge 43% next year Logos of Stellantis and LG Energy Solution (LG Energy Solution) LG Energy Solution and global automaker Stellantis said Monday they will form a joint venture in the United States to target the fast-growing North American electric vehicle market. The partnership will break ground on a

State spending on strategic industries to surge 43% next year GS Energy CEO Huh Yong-soo (GS Caltex) GS Energy said Monday it will bring blue hydrogen produced by Abu Dhabi National Oil Co., the United Arab Emirates’ biggest energy producer, to South Korea as part of its environmental, social and governance efforts towards creating a

State spending on strategic industries to surge 43% next year (ATTN: ADDS photo) SEOUL, Oct. 14 (Yonhap) -- South Korea and the United Arab Emirates (UAE) announced Thursday that they will launch official talks toward a bilateral free trade agreement, Seoul's trade ministry said. Trade Minister Yeo Han-koo met his UAE counterpart, Thani Ahmed Al

State spending on strategic industries to surge 43% next year By Nam Kwang-sik SEOUL, Oct. 15 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Friday that it has signed a 640.8 billion won (US$542 million) deal to build four container carriers. Under the deal with a European country, DSME will deliver the vessels

State spending on strategic industries to surge 43% next year S-Oil CEO Hussain A. Al-Qahtani (S-Oil) S-Oil said Tuesday it will import blue hydrogen produced by Saudi Aramco to South Korea and establish a hydrogen ecosystem with consortium partners. According to the South Korean refinery, it will convert the blue hydrogen into ammonia and transport

State spending on strategic industries to surge 43% next year SEOUL, Oct. 11 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Monday it will establish technical support facilities in the United States and Europe to improve customer care services in its main markets. LG Chem will invest around 120 billion won (US$103

State spending on strategic industries to surge 43% next year South Korean President Moon Jae-in speaks at a briefing session on hydrogen economy at the Industrial Complex in Cheongna International City, Incheon. (Yonhap) South Korean President Moon Jae-in reiterated the country’s commitment to the hydrogen economy, while meeting government and industry officials Thursday. Attending a

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