State spending on strategic industries to surge 43% next year A concept image of how Hyundai Oilbank aims to capture carbon, turn it into construction materials and supply them to construction sites. (Hyundai Oilbank) Hyundai Oilbank is capturing carbon emissions and transforming them into raw materials used for cement and concrete at construction sites, as

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Oct. 27 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Wednesday it will build a battery separator production plant in Hungary with Japanese chemical giant Toray Industries Inc. as part of efforts to expand its presence in the

State spending on strategic industries to surge 43% next year SEOUL, Oct. 25 (Yonhap) -- POSCO Chemical Co., a unit of South Korea's steel giant POSCO, said Monday it has signed a deal with a Norwegian electric vehicle (EV) battery maker on development and supply of key EV battery components in a bid to tap

State spending on strategic industries to surge 43% next year By Kim Seung-yeon SEOUL, Oct. 25 (Yonhap) -- LG Chem Ltd., South Korea's leading chemical company, said Monday its third-quarter net profit rose 19.2 percent from a year earlier, backed by solid petrochemical sales despite the one-off factor from its electric battery (EV) recall costs.

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