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

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,