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Foreign companies show interest in wind power in South Korea
Thursday, October 21, 2021
A growing number of globally significant names in wind power are entering the South Korean market. In addition, domestic power companies are increasing their cooperation with […]
SK Global Chemical to build South Korea’s largest plastic recycling plant
Thursday, October 14, 2021
SK Group company SK Global Chemical is investing the equivalent of $510 million in Ulsan to build the country’s largest plastics recycling plant. The construction is […]
Successful participation in the virtual Symposium on International Automotive Technology (SIAT) in India
Thursday, October 7, 2021
From September 29 to October 01, 2021, the Symposium on International Automotive Technology (SIAT) took place in India with a variety of informative expert presentations around […]
Imports of luxury vehicles increase 74 percent year-on-year
Thursday, September 30, 2021
As the market share of imported cars continues to expand, demand for luxury vehicles with a price tag equivalent to more than $85,000 increased last year. […]
Korea’s LG Display invests $3 billion to double its OLED manufacturing capacity
Thursday, September 23, 2021
LG Display Co. plans to invest around $3 billion to double its manufacturing capacity for small and mid-sized OLED displays. The manufacturer is now looking to […]
Korea introduces special laws for battery and chip industry
Wednesday, September 15, 2021
The government reiterated its support for the domestic battery industry and related industries to develop them into a global export hit, similar to semiconductors and computer […]
New Regulations for wireless EV charging service approved
Thursday, September 9, 2021
Hyundai Motor has planned a remote charging system for battery-powered electric vehicles and has achieved approval by the Korean government, as announced this week. The government […]
KOGAS begins production of liquid hydrogen using cold energy from its liquefied natural gas plant
Thursday, September 2, 2021
Korea Gas Corp. (KOGAS) will soon begin producing liquid hydrogen using released cooling energy from its liquefied natural gas plant. KOGAS announced on May 30 that […]
SK Gas builds hydrogen production plant in Ulsan, investment amounts to several billion US dollars
Thursday, August 26, 2021
South Korea’s third-largest conglomerate, SK Group, has named its subsidiary SK Gas Co. as the lead company for expanding its hydrogen business. In addition to building […]
Hyundai and Kia report 42 percent increase in sales of their eco-friendly car models
Thursday, August 19, 2021
Hyundai Motor Co. and Kia Corp. report a 42 percent year-on-year increase in sales of environmentally friendly new cars in their home country of South Korea. […]
Korean companies venture into wind energy market
Thursday, August 12, 2021
Several Korean companies are entering wind power generation to take advantage of this global growth trend. POSCO Group plans to collaborate with Denmark’s Orsted, the world’s […]
Memory chip makers expect supercycle until 2023
Thursday, August 5, 2021
A so-called supercycle for global memory chip availability, combining price increases and supply shortages, will continue through 2023. As a result, the world’s largest memory chip […]
Korean new car sales in May: Model Y beats E-Class
Thursday, July 29, 2021
The number of new Tesla vehicles registered in Korea reached 3,461 units in May. Of these, 3,328 were Tesla’s Model Y, which took the top spot […]
Doosan Heavy Industries & Construction pushes ahead with hydrogen gas turbine development
Thursday, July 22, 2021
South Korea’s Doosan Heavy Industries & Construction (DHIC) is accelerating the development of environmentally friendly gas turbines that run on hydrogen. DHIC announced June 3 that […]
Posco lays foundation stone for South Korea’s first lithium plant
Thursday, July 15, 2021
A groundbreaking ceremony was recently held in Gwangyang, Jeonnam Province, for the first lithium production facility in South Korea. For Posco, this step is another milestone […]
South Korea’s Lotte Chemical ventures into green hydrogen business
Thursday, July 8, 2021
Lotte Group has decided to enter hydrogen production as a new business line and growth market. At the same time, this is expected to benefit the […]
Hyundai Motor awards car semiconductor production to Korean manufacturers
Thursday, July 1, 2021
Hyundai Motor Group has disclosed some of its specifications for semiconductors and computer chips and shared them with Korean chipmakers. Analysts believe that Hyundai is taking […]
South Korea’s Hanwa Group considers entry into semiconductor machinery business
Thursday, June 24, 2021
At the beginning of June, the Korea Times had published a corresponding report based on information from the industry. According to the report, Hanwa Group is […]
Manufacturing sector props up South Korean economy
Thursday, June 17, 2021
The Korean Institute of Industrial Trade and Economics announced the related news on May 5, 2021: South Korea ranks third in the CIP index out of […]
New car sales in Korea up 17 percent year-on-year in January
Thursday, June 10, 2021
New car sales in South Korea rose by double digits in January due to extended tax benefits and new models with environmentally friendly engines. The growth […]
South Korea’s shipbuilders remain global leaders
Thursday, June 3, 2021
Consulting firm Clarkson Research reported in early March that orders for 92 new ships were placed globally in the previous month. Of these, South Korean shipbuilders […]
Korea’s display manufacturers anticipate higher demand of OLED displays
Thursday, May 27, 2021
Due to the auto industry’s shift to electric and self-driving vehicles, OLED displays are also increasingly being installed in models. Korea’s two largest display manufacturers, LG […]
Korean retail sales up in spring
Thursday, May 20, 2021
According to multiple sources, Korea’s three largest retailers, Lotte, Shinsegae and Hyundai saw their sales increase an average of 87 percent year-over-year during the first weekend […]
Mercedes-Benz and BMW surpass minor Korean automakers
Thursday, May 13, 2021
For the first time, Mercedes-Benz and BMW outperformed smaller Korean automakers in sales figures. Therefore, the dominance of Hyundai Motor Group and the two German manufacturers […]
Korean steel producers confident: Demand and prices on the rise
Thursday, May 6, 2021
According to industry sources, Korea’s largest steelmaker Posco has now postponed repair work at its 3rd cold-rolled steel production facility in Gwangyang, South Jeolla Province until […]
New KC EMC Standards to become mandatory in May
Thursday, April 29, 2021
The Korean Radio Research Agency (RRA) circulated new standards for KC EMC in their Announcement No. 2021-10 on February 8. The changes take effect three months […]
Hyundai and Kia boost expansion of charging infrastructure for electric vehicles
Thursday, April 22, 2021
South Korean carmaker Hyundai Motor Group is accelerating the expansion of its charging infrastructure in preparation for numerous new electric-drive models scheduled for launch this year. […]
Korean automotive industry on a solid recovery track
Thursday, April 15, 2021
The Ministry of Trade, Industry and Energy released the corresponding figures on February 15. Automobile production increased 24.9 percent, domestic sales increased 18.4 percent and exports […]
South Korean Posco Group invests in the safety of its plants
Thursday, April 8, 2021
During a visit to a pier for unloading ships inside the steel plant in Pohang, North Gyeongsang Province, Posco CEO Choi Jeong-woo made his own assessment […]
Posco Chemical builds 4th production facility for cathode base materials
Thursday, April 1, 2021
Posco Chemical Co, a subsidiary of South Korean steel giant Posco, mainly produces refractory materials and secondary base materials for batteries. To capitalize on the growing […]
SK continues to invest large sums in the development of computer chips
Friday, March 26, 2021
SK hynix is stepping up its commitment to the semiconductor business to meet the current high global demand of computer chips. As the world’s second largest […]
South Korea invests heavily in the development of self-driving cars
Thursday, March 18, 2021
South Korea will invest $999 million in self-driving car technology development projects and related infrastructure over the next few years. This was announced by a government […]
South Korea unveils plans for the world’s largest offshore wind farm
Thursday, March 11, 2021
South Korea announced details in early February 2021 for plans to build the world’s largest offshore wind farm off the coast of Sinan, South Korea. The […]
Exports of electric cars from South Korea increased sharply
Thursday, March 4, 2021
According to a recent report, exports of electric cars from South Korea increased by 66 percent year-on-year. As a result, this sector bucked the general negative […]
Samsung C&T unveils next-generation artificial intelligence in its smart home
Friday, February 26, 2021
Samsung’s construction business unit, Samsung C&T, plans to introduce next-generation smart home technology based on artificial intelligence (AI). The company plans to launch this technology next […]
Korea’s government expands support for foreign companies
Thursday, February 18, 2021
The government announced an expansion of support for foreign companies based or doing business in South Korea in early February. In light of the pandemic, the […]
South Korean Car Market Strong During Last Year
Thursday, February 11, 2021
Despite falling numbers in global automobile sales, which declined by 14 percent last year, the South Korean market proved to remain strong with a growing number […]
SK E&C begins production of environmentally friendly fuel cells
Thursday, February 4, 2021
The new production facility, named Bloom SK Fuel Cell Plant, is a joint venture between SK E&C and U.S.-based Bloom Energy, a global manufacturer of fuel […]
South Korean steel producer POSCO launches first environmentally friendly free-cutting steel
Thursday, January 28, 2021
South Korean steelmaker POSCO announced through a press release in August 2020 that the company successfully started mass production of lead-free free cutting steel in June […]
LG Chem produces new type of battery for Tesla’s electric cars
Thursday, January 21, 2021
The share price of South Korea’s LG Chem rose 3.57 percent on Oct. 22, 2020, the day Tesla announced higher profits than the market expected. Industry […]
Everyday objects with OLED displays move a step closer
Thursday, January 14, 2021
The eye-catcher of the exhibition is the OLED display technology that LG has installed in numerous interior design and everyday objects in the show house. The […]
South Korean telecommunications companies reduce dependence on their core business
Thursday, January 7, 2021
The three largest telecom companies in South Korea, SK Telecom (SKT), KT and LG Uplus, are looking for new business areas and growth industries outside their […]
LG Chem further expands its leading position in the global automotive battery market
Thursday, December 31, 2020
According to market observers from SNE Research, LG Chem was able to secure the top position in the global market for automotive batteries in the months […]
Rising vehicle imports in South Korea despite Covid 19 pandemic
Wednesday, December 23, 2020
The Association of Korean Auto Importers and Distributors announced the latest figures on November 4. In October, 24,157 imported vehicles were newly registered, an increase of […]
Doosan Logistics Solutions markets Geek+ robots for Korean distribution centers
Thursday, December 17, 2020
Doosan Logistics Solutions Co. (DLS), the logistics and automation provider of the South Korean conglomerate Doosan Group, has signed an exclusive agreement with Geek+ to distribute […]
Korean chip maker SK Hynix expects to triple sales by 2025
Thursday, December 10, 2020
South Korean chip maker SK Hynix expects sales of its NAND memory chips to triple in the next five years, following the recent acquisition of the […]
Hyundai Motor exports first fuel cell system to Europe
Thursday, December 3, 2020
South Korea’s largest car manufacturer Hyundai Motor maintains its leading role in the field of hydrogen technology by exporting fuel cells. The delivery to a Swiss […]
Chemical companies work on environmentally friendly “green” plastics
Thursday, November 26, 2020
Under the circumstances of this predicted enormous growth, South Korean chemical companies are increasing their efforts in research and development and in the expansion of production […]
Hyundai Group sold 350,000 “green” vehicles in 2019
Thursday, November 19, 2020
According to a report by the Korean Automobile Manufacturers Association (KAMA), a total of 5.27 million vehicles with alternative drive systems were sold worldwide. Alternative drives […]
KGS Becomes First IECEx Approved Certification Body under Service Facility Scheme in Asia
Thursday, November 12, 2020
The Korea Gas Safety Corporation (KGS) is the first certification body in Asia that has been accredited under the IECEx Service Facility Scheme. This allows KGS […]
South Korean companies leading in hydrogen technology for transportation
Thursday, November 5, 2020
The Hyundai Motor Group announced that it will invest a total of 6.19 billion US dollars in the development of a hydrogen industry by 2030. It […]
South Korea strengthens international cooperation in research for future technologies
Thursday, October 29, 2020
The South Korean government would like to strengthen international cooperation in research on groundbreaking, future technologies. The three designated fields of research are self-driving vehicles, semiconductor […]
LG founds global alliance to research new materials using artificial intelligence
Thursday, October 22, 2020
The global alliance will use artificial intelligence (AI) and robots to research powerful chemical compounds and innovative next-generation materials. The group, called “Alliance for AI-Accelerated Materials […]
LG Uplus plans introduction of autonomous robot next year
Thursday, October 15, 2020
LG Uplus Corporation, a leading South Korean mobile operator, said last Friday it plans to launch a self-operating industrial robot with 5G connectivity next year. The […]
Korean battery manufacturers showed mixed reactions to Tesla’s new product
Thursday, October 8, 2020
The three largest Korean battery manufacturers, which have a global market share of 30 percent in automotive batteries, are uncertain about Tesla’s new product launch, but […]
LG Chem invests in battery joint venture with GM
Thursday, October 1, 2020
The South Korean company LG Chem has started investing in a joint venture with GM for the production of battery cells for vehicles. Around 35 million […]
German company receives license for LG’s vacuum cleaner robot
Thursday, September 24, 2020
On June 1, the South Korean company LG Electronics announced that it had signed a licensing and patent utilization agreement with Miele, a German company leading […]
KT introduces new services for automated warehouses
Thursday, September 17, 2020
South Korean telecommunications company Korea Telecom KT recently introduced its new automated warehouse services using a local 5G network and self-guided forklift trucks. The company uses […]
Rising demand lifts mood among Korea’s semiconductor manufacturers
Thursday, September 10, 2020
South Korea’s semiconductor industry is looking forward to the third quarter of this year despite the coronavirus crisis and difficult economic environment. According to information from […]
Tesla leading in electric vehicle sales in South Korea
Thursday, September 3, 2020
Tesla is boosting sales of electric vehicles in South Korea and making them more attractive to the general public. Previously, the car manufacturer had difficulties entering […]
Electronics industry prepares for growing demand
Thursday, August 27, 2020
The South Korean electronics industry is preparing for increasing demand after an improvement of the coronavirus situation. Managers from the industry expect an increase starting from […]
South Korea’s industry makes headway in electric vehicle batteries
Monday, August 3, 2020
The leading battery manufacturers in South Korea – LG Chem, Samsung SDI and SK Innovation – were able to demonstrate solid success in recent months against […]
Simplified approval process for chemicals to ensure better supply
Wednesday, July 1, 2020
On 20 May 2020, the Korean Ministry of Environment reported that the simplified approval processes such as registration, evaluation and control of chemicals have led to […]
KT acquires stake from Hyundai’s robotics division
Wednesday, June 24, 2020
KT Corp, a leading telecommunications company in South Korea, announced in mid-June that it would acquire a 10 percent stake in the robotics business unit of […]
Hyosung builds world’s largest liquid hydrogen plant in Korea
Wednesday, June 17, 2020
The Hyosung Group, under the leadership of its Chairman Cho Hyun-joon, wanted to support the local industry and economy in the application and processing of hydrogen […]
LG Chem and SK Innovation expand their market shares in automotive batteries
Wednesday, June 10, 2020
Market observers from SNE Research included the two South Korean companies in a list of the ten largest vehicle battery manufacturers in the world. While SK […]
Rising sales figures in Korea for imported vehicles
Wednesday, June 3, 2020
The number of newly registered vehicles in April 2020 was 29,450, an increase of 25.9 percent over the previous year. The 20,000 mark was already exceeded […]
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