With the global trend toward sustainable energy production, so-called ESG (environmental, social, governance) goals have also become standard in the energy sector. Refinery operators around the world are looking for new revenue streams beyond the traditional oil business to continue making profits. South Korean companies are even considering changing their corporate name to move away from the image of the dirty oil business and invest more in renewable energy. Still, operators must continue to invest in their plants to remain competitive, analysts say.
Analysts believe companies have no option but to continue upgrading their facilities, as more than two-thirds of revenues come from refining operations. To boost profits, some refiners are now sourcing cheaper crude from South America. For example, Hyundai Oilbank last year bought Colombia Castilla, an oil grade that is inferior to oil from the Middle East but costs about 10 percent less. As a result, the share of oil imported from countries other than the Middle East rose from 45 to 65.3 percent and 18.2 to 25.3 percent for both Hyundai and GS Caltex, respectively. Meanwhile, SK Innovation, the parent company of SK Energy, has announced plans to become an environmentally friendly company in the long term and to invest about $24 billion in restructuring projects by 2025.
We offer certification services for all product areas, including KGS factory approvals for high-pressure and gas appliances. We are available to answer any questions you may have about Korea certifications.
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Based on the fact that it normally costs about US$57.8 million to expand battery production capacity by 1 GWh, LG Enery Solution’s investments in Ochang and Nanjing could increase production capacity to about 9 and 17 GWh, respectively. The company’s intention to produce more cylindrical batteries is based on the assumption of higher demand in the coming years. Cylindrical batteries are standardized and look like standard household batteries. As a result, they have the advantage of low production costs and high energy density for their size. Therefore, Tesla and other startups are interested in this type of battery.
LG Energy Solution is considered a supplier of cylindrical batteries for the Chinese Tesla Model 3 and Model Y. With increasing sales of Tesla’s EVs, LG Energy Solution also had to expand its capacity. Some time ago, the battery manufacturer corrected its planned production from 100 to 120 GWh, as an additional 20 GWh of cylindrical batteries were added. In addition to Tesla, other EV startups and manufacturers such as Rivian and Lucid are also using cylindrical batteries. According to a forecast by Bloomberg, EV sales will reach about 25.8 million units in 2030, 15 times the number in 2020. Accordingly, cylindrical batteries are also expected to increase in demand.
We provide certification services for all product areas, including KC certification for consumer products and especially electronics, KC-EMV certification for electronic products, and KCs certification for machinery, as well as KCs for explosion-proof products. We are available to answer any questions you may have about Korea certifications.
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In addition, the company is testing CO₂ capture and storage systems at Hyundai Steel Co.’s Incheon steel plant for plastic waste processing technology. Hyundai Engineering’s recent efforts in environmental protection are part of the company’s policy for sustainable growth. The company plans to go public to finance environmentally friendly projects such as plastic recycling and the generation of hydrogen from ammonia. Hyundai Engineering, which has not previously been listed on the stock exchange, expects to raise the equivalent of more than $1 billion. Trading of the shares is expected to begin in March 2022. Active in the construction of factories, housing and infrastructure, Hyundai Engineering reported an operating profit of the equivalent of $207.6 million in 2020. Construction of factories and infrastructure account for 45.5 percent of Hyundai Engineering’s total business.
KGS factory approval for certain gas and pressure equipment was introduced to ensure that only manufacturers that meet certain quality and safety requirements are allowed to export their products to Korea. The main objective of KGS Factory Approval is to prevent accidents caused by equipment that does not meet Korean standards or is imported by unapproved manufacturers. Therefore, the authority requires verification of production processes and quality assurance before products are allowed to enter Korea. We understand that KGS factory approval can be a complex hurdle for you. MPR International GmbH offers you a complete package for KGS Korea certification, where you will receive optimal support. You will be assigned a personal contact person who will be available at all times to answer any questions you may have.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration.
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With the novel technology, the operator of the E35e can view the surroundings and the condition of the construction site during operation while using the front windshield as a large touchscreen with AR functions. It is even possible to remotely control the excavator itself, or other excavators present on the job site, via the touchscreen or other mobile devices. The new excavator model has also been made safer to work in, with a large front screen and no distracting controls such as levers or pedals. If Doosan Bobcat decides to go into volume production of the E35e, it is expected that LG Display will supply the transparent OLED display.
LG Display’s transparent OLED (organic light emitting diode) displays use technology that maximizes the ability of OLEDs to emit light without additional backlighting. Large transparent OLED displays are currently manufactured worldwide only by LG Display. Starting mass production of its transparent displays in 2019, LG Display’s 55-inch screen using OLED technology had a transparency of 40 percent. In comparison, glass has a transparency of 70 percent. Demand for transparent OLED displays is growing steadily, and this type of screen is being used in shopping malls, museums and subways.
According to the Boston Consulting Group (BCG), the global market for transparent OLEDs will grow increasingly. The experts predict a market value of $840 million in 2022, which could reach $2.47 billion in 2025 and as much as $9.9 billion in 2030. In addition to Doosan Bobcat, other companies also introduced products with transparent OLED displays. Avikus, an offshoot of Hyundai Heavy Industries that specializes in navigation systems for autonomous vehicles, showcased a self-driving boat with a transparent OLED display.
KCs certification was established to ensure basic safety in the design and manufacture of hazardous machinery and protective equipment in hazardous workplaces in Korea. The goal is to protect the health and safety of workers by preventing accidents.
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The “Phantom Medical Heart” uses four electrodes on the legs and arms to measure a 6-channel ECG, which is analyzed by an AI and provides early indications of illness. The “Da Vinci” will be launched in the first half of 2022 and can determine the composition of the body. Seven parameters such as muscle mass, body fat percentage, body mass index (BMI) and other data can be determined by the sensors. The information can be stored and viewed on the included tablet PC. The Pharaoh O2 model, which won the CES 2002 Innovation Award, has an oxygen function. Users can inhale oxygen during massage, which comes from a medical oxygen generator. The “Elizabeth Medical” chair measures blood pressure and offers appropriate massages for it.
Another novelty is the “Phantom Rovo,” a robot-like massage chair that allows the massage of the user’s legs to be adjusted independently. With this function, it is possible to receive different massages on the respective leg. Manufacturer Bodyfriend has invested approximately $66 million in research and development over the past five years to become a digital health provider. The company plans to invest a research budget of about $16.5 million annually in the future.
South Korea is considered one of the most important and innovative industrialized nations in the world. In order to gain market access to this highly technological country, products imported into South Korea must be tested and certified. The KC mark or KC certificate is roughly equivalent to the European CE mark and applies to 730 different products.
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The rapid growth of the semiconductor market is boosting demand for noble gases such as neon (Ne), xenon (Xe) and krypton (Kr), which are indispensable for semiconductor production. Industry experts expect the domestic South Korean market to increase from $130 million in 2020 to $228 million in 2023, with a compound annual growth rate of 20 percent. Currently, the Korean semiconductor industry is 100 percent dependent on noble gas imports.
Neon is a noble gas that makes up only 0.00182 percent of ambient air. It is one of the raw materials for gas lasers (excimer lasers) used in the lithography process in semiconductor manufacturing. Attempts have been made in the past to bring the production of neon gas to South Korea, but they failed because of dependence on foreign technology to produce it. POSCO’s just-completed plant can produce about 22,000 cubic meters of high-purity neon gas annually. This could meet about 16 percent of domestic demand. POSCO already conducted a test run of the neon gas plant for quality control at the end of 2021, and commercial operation is scheduled to start in 2022.
We offer certification services for all product areas, including KC certification for consumer products and especially electronics, KC-EMC certification for electronic products and KCs certification for machinery, as well as KCs for explosion-proof products. We are at your disposal for all questions regarding Korea certifications.
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Raw materials for cathodes such as nickel, lithium and cobalt could become scarce in the future. Therefore, global battery manufacturers are trying to bring their cathode production in-house. Currently, LG Chem has an annual capacity of 80,000 tonnes for cathode material. The company produces cathode material at three domestic plants in Cheongju, Gumi and Iksan. Outside South Korea, it operates a joint plant with Huayu Cobalt in Wuxi, China. LG Chem plans to expand its cathode material production by 225 per cent by 2026, including plants in Europe and the US. The subsidiary LG Energy Solutions is estimated to have produced batteries with a capacity of 150 GWh in 2021. These could be used to equip around 2.25 million EVs. By 2025, it plans to expand production capacity to 400 GWh, LG Energy Solutions said.
Approvals in the Ex area have been carried out in Korea since 1992. KCs certification was introduced to ensure basic safety in the design and manufacture of hazardous machinery and protective equipment in hazardous workplaces in Korea. The aim is to protect the health and safety of workers by preventing accidents. We offer certification services for all product areas, including KC certification for consumer products and especially electronics, KC-EMV certification for electronic products and KCs certification for machinery, as well as KCs for explosion-proof products.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications:
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Mixed combustion of natural gas and hydrogen is a step towards CO₂ neutrality for Hyundai Oilbank, CEO Kang Dal-ho told Korea Economic Daily. “Power plants that burn natural gas already emit 56 per cent less climate-damaging emissions. By blending hydrogen, emissions can be reduced by another 11 per cent,” Kang Dal-ho said. The new power plant will supply steam and electricity for Hyundai Oilbank’s own facilities as well as for other companies in the Daesan industrial area such as Hyundai Chemical, Hyundai and Shell Base Oil.
The Daesan Industrial Estate will require more energy in the future due to the expansion and commissioning of new plants such as the “Hyundai Chemical heavy feed petrochemical complex (HPC)”. To ensure power supply, Hyundai Oilbank established Hyundai E&F subsidiary in June 2021 and got permission to generate electricity and steam. Hyundai E&F’s plants are expected to meet more than half of the Daesan Industrial Estate’s energy needs, with Hyundai Oilbank being the largest consumer of electricity, accounting for 70 per cent. Previously, the refinery had produced some of the energy it needed itself in the form of steam and electricity.
The Korea Gas Safety Corporation (KGS) is a government organisation under the Ministry of Trade, Industry and Energy (MOTIE). Gas safety regulations in Korea began in 1974 with the passage of the Compressed Gas Control Act. In 1995, the Institute of High Pressure Gas Safety was established, and after several restructurings, the Korea Gas Safety Corporation (KGS) was established in 2001. One year later, KGS was affiliated to MOTIE. KGS was accredited as a Korean Notified Body in 2006 and also accredited to conduct KCs certification and testing of explosion-proof electrical equipment.
We offer certification services for all product areas, including KC certification for consumer products and especially electronics, KC EMC certification for electronic products and KCs certification for machinery, as well as KCs for explosion-proof products. We are at your disposal for all questions regarding Korea certifications.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications.
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Doosan Robotics describes itself as the leading manufacturer of robots in South Korea. The Korea Economic Daily recently reported on a visit to a Doosan robotics factory. They were received by the factory manager Han Ki-Jong, who explained the differences between cobots and industrial robots. For example, cobots are lighter and safer than conventional robots, Ki-Jong said. The added safety is made possible by a special system that allows the cobot to constantly monitor its surroundings, so it can never get too close to the human worker. Doosan Robotics says its cobots have a margin of error of only 0.1 mm, allowing them to perform fine work comparable to human hands. The latest product, an H-series cobot, can lift or move up to 25 kg and weighs only 75 kg with a working radius of 1.7 metres.
Doosan Robotics was established back in 2015 and started producing robots in October 2017, with a turnover of $16.8 million in 2020, making a small contribution to the Doosan Group’s total revenue. The robotics division is a wholly owned subsidiary of Doosan Corp, the group’s holding company. According to analysts, the market for cobots is still in its early stages with plenty of room for further growth. The Californian market researchers M&M Global Marketing expect the cobot market to grow from last year’s US$ 1.2 billion to US$ 10.5 billion in 2027. M&M sees the annual growth rate at 43 percent.
A major advantage of cobots is their broad range of applications. Unlike fixed industrial robots, cobots can also be used in logistics, medicine and in the service sector such as hotels and restaurants. In the latter case, Doosan Robotics entered into a cooperation with Kyochon F&B. The company is one of the most popular franchisors in South Korea, for which Doosan developed a cobot to prepare fried chicken. Last year, Doosan Robotics passed the 1,000 cobot sales mark. 70 per cent of sales were in North America and Europe, putting Doosan in the global top 5 of cobot manufacturers. Based on 2020 business figures, Doosan is the market leader in cobots in South Korea with 21 per cent. Globally, however, its market share is only 7 per cent. Universal Robots from Denmark dominates the global market with more than 50 per cent.
To gain market access, products imported into South Korea must be tested and certified. The KC mark or certificate is roughly equivalent to the European CE mark and applies to 730 different products. MPR International GmbH has solid experience in Korea certification and competent local partners. We will be pleased to advise you without obligation about the scope and procedure of a Korea certification.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration.
Tel. Europe: +49-69-271 37 69 261
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Nevertheless, some experts doubt the reliability of a virtual prototype and fear an increase in research and development costs. Hyundai, on the other hand, believes that VR technology can shorten the usual four to five years it takes to develop a new vehicle. Specifically, Hyundai is talking about the new vehicle model being ready for the market after 2025. The name of the vehicle is being kept secret by Hyundai so far. Other vehicle manufacturers also use VR technology in the development of new models: Volvo uses computer simulations for its vehicle safety, Volkswagen has been using virtual reality in vehicle production since 2018.
South Korea is considered one of the most important and innovative industrial nations in the world. To gain market access to this highly technological country, products imported into South Korea must be tested and certified. The KC mark or certificate is roughly equivalent to the European CE mark and applies to 730 different products. MPR International GmbH has solid experience in Korea certification and competent local partners. We will be pleased to advise you without obligation about the scope and procedure of a Korea certification.
Feel free to contact us any time if you need assistance or have any questions regarding Korean certifications like KC, KC EMC, KCs, KCs for explosion safety products or KGS factory registration.
Tel. Europe: +49-69-271 37 69 261
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Email: info@korea-certification.com
Urgent questions?
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