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South Korea plans to ease regulations to promote investment in the battery and energy industry

The South Korean government plans to ease rules and regulations in the battery, EV and energy industries. This is expected to attract the equivalent of US$2.1 […]

SK On takes aim at Chinese monopoly for developing low-cost LFP batteries

The South Korean battery industry is taking further steps in the development of lithium iron phosphate (LFP) batteries. SK On presented a corresponding prototype at the […]

Doosan Enerbility focuses on new materials for small reactors and liquid hydrogen business

Doosan Enerbility, the energy arm of South Korea’s Doosan Group, is focusing on new materials for small-scale nuclear reactors (SMRs) and boosting its liquid hydrogen business, […]

Kumho Tire supplies Volkswagen with new tyre for the ID.4

South Korean company Kumho Tire is supplying the Crugen EV HP71 for the initial fitting of Volkswagen’s ID.4 e-SUV. The Volkswagen ID.4 is in the top […]

LG Electronics expands into growing 5G local area network market

South Korea’s LG Electronics is planning to expand its business into the growing market of so-called private or local 5G networks. This move is intended to […]

Exchange of Experience of the Explosion Protection Experts of KOSHA at MPR International GmbH in Frankfurt

On April 26, 2023 a meeting took place at the Frankfurt office of MPR International GmbH with the experts on explosion protection from the Korean Occupational […]

South Korean SK Telecom develops AI patrol robot with other partners

Together with other partner companies, SK Telecom Co. is developing artificial intelligence robots to take over surveillance tasks of security guards patrolling schools and factories. According […]

Incheon airport car park gets infrastructure for liquid hydrogen

South Korea’s largest airport in the capital Seoul, Incheon International Airport, is taking a big step towards environmental friendliness: a large filling station for liquid hydrogen […]

New Certification System planned for H2 Hydrogen in South Korea

In order to promote the country’s hydrogen economy, the South Korean government plans to introduce a hydrogen certification system in 2024 that takes into account hydrogen […]

Samsung Electronics unveils new soundbar as flagship product

South Korean electronics giant Samsung Electronics Co. unveiled its latest soundbar in the premium audio space in mid-March 2023. The technology it contains is designed to […]

Registration figures of imported cars exceed the 3 million mark in South Korea

By the end of 2022, a total of more than three million imported vehicles were registered in South Korea, according to government data. This shows that […]

Pledges for foreign direct investment in South Korea hit new high in 2022

Direct investment from abroad in South Korea, known as “foreign direct investment” or “FDI” for short, reached a new high last year in 2022. As per […]

Beginning of petrochemical project by Hyundai E&C

Hyundai Engineering & Construction and Hyundai Engineering have formally launched a project to construct the most extensive petrochemical facilities to date in Ulsan, South Korea, known […]

Luxury brands expand their range of products for children in South Korea

Products aimed at children from international luxury brands such as Burberry, Moncler and Dior are growing in popularity in South Korea. This is reported by the […]

Hankook tyre service collaborates with charging station provider

Back in December 2022, South Korean tyre manufacturer Hankook Tire signed a memorandum of understanding with Daeyoung Chaevi (referred to as “Chaevi” in the following text). […]

SF Battery with 18-minute quick charge presented as global novelty

Back in 2018, the South Korean company SK On received an order from a global car manufacturer to develop an EV battery with fast charging within […]

SK E&S presents hydrogen-powered drone at CES

SK Group’s natural gas division, SK E&S presented sustainable energy solutions at CES, which took place in January. At the US tech show in Las Vegas, […]

SKC presented semiconductor and battery materials at CES

SK Group’s chemicals and materials business, SKC Co, unveiled a range of new products at CES. At the tech show, which took place in Las Vegas […]

Lotte Chemical joins hands with RWE and Mitsubishi to embark on an ammonia venture

Lotte Chemical has joined forces with RWE, a German energy giant, and Japan’s Mitsubishi Corp. to form a world-wide partnership focused on clean ammonia. This partnership […]

LG and Magna strengthen cooperation for autonomous driving solutions

LG Electronics and automotive supplier Magna announced in early January that they will strengthen their cooperation in the field of autonomous driving. The two companies are […]

SK Innovation showcases battery and plastics recycling technologies at CES

SK Innovation showcased various products and technologies in the field of “green innovation” at the US technology show. Visitors were able to see recycled batteries, plastic […]

Rising car sales figures in December 2022

Despite the ongoing semiconductor scarcity, import vehicle sales in South Korea increased last month by 24 percent compared to the same month last year. According to […]

Hydrolux develops new storage method for hydrogen

The South Korean company Hydrolux recently unveiled the development of a new storage method for hydrogen with high safety and efficiency. The so-called Hydrolux alloy is […]

Samsung Electronics plans factories without workers due to labour shortage

Samsung Electronics Co, the world’s largest memory chip maker, is planning factories with no or only a few workers in the future. Other South Korean manufacturers […]

South Korea tests hydrogen as domestic fuel for heating and cooking

The Ministry of Trade, Industry and Energy (MOTIE) released plans to test blending hydrogen into the gas supply for residential buildings. This step comes as part […]

Korean Authorities Closed During New Year

Several Korean authorities and certification institutions will be closed for Christmas and New Year Holidays. The holidays will be on December 25, 2022 and on January 01, 2023 respectively. This […]

Lotte and Hyundai Motor Group to work together to expand EV charging infrastructure in the future

The two South Korean corporations Hyundai Motor Group and Lotte Group will work together in the future to expand and develop the charging infrastructure for EVs. […]

Hyundai Motor expands power supply with solar cells at Ulsan plant

Leading South Korean automaker Hyundai Motor Co. is building more solar cell power supply facilities at its main Ulsan plant. With this, the company plans to […]

South Korea plans to surpass China’s EV battery industry

The relevant Ministry of Trade, Industry and Energy on Nov. 1 released a plan to increase South Korea’s share of the global rechargeable battery market to […]

LG Electronics accelerates expansion of its logistics robotics division

South Korea’s LG Electronics, the world’s leading home appliance maker, is accelerating the expansion of its robotics applications in the so-called “smart logistics” sector with the […]

New hydrogen extractor delivered by Hyundai Rotem

Hyundai Rotem has supplied a hydrogen extractor to a fusion charging station that produces and pumps hydrogen, using biogases from food. The station can produce over […]

MPR at the Expert Forum Future Battery 2022 on November 3rd and 4th in Berlin

For the third year in a row, experts in battery solutions from industry and academia came together at Future Battery to talk about the latest issues […]

Bottlenecks in South Korea show importance of foreign machine component imports

South Korean display machinery manufacturers are suffering from disruptions in the global supply chain, reports The Korea Economic Daily in its online site KED Global. The […]

South Korea reduces import tariffs on certain products to fight inflation

The South Korean government reduced import tariffs on 26 key industrial products this year, including liquefied natural gas (LNG). The Ministry of Economy and Finance justified […]

Samsung and LG expand TV features to include cloud-based games

South Korea’s Samsung Electronics and LG Electronics will soon offer customers access to full-fledged computer games via a cloud-based streaming solution with their TVs. Spokespeople for […]

LG Chem invests about 400 million US dollars in ABS plastics production

South Korea’s LG Chem, the chemicals business unit within the LG Group, is investing the equivalent of around US$400 million in the modernization and expansion of […]

Northvolt develops cylindrical cell type 2170

Battery manufacturer Northvolt recently announced the successful development of a Type 2170 round cell and plans to mass produce it soon. The specification 2170 means a […]

Samsung works on the next generation of storage media

In July 2022, Samsung Electronics Co. unveiled an improved storage medium that significantly reduces computing time and power consumption. The storage medium is called the second […]

Popularity of imported luxury vehicles on the rise in both South Korea and Japan

In South Korea in 2021, the number of imported new cars each priced above 100 million won (about $81,000) was more than 59,000 units. This represents […]

Team Event 2022 for MPR International in Frankfurt

This year’s team event of MPR International took place on September 14, 2022. After a long time of planning, a date was found where all members […]

Machinery manufacturer SFA plans to expand business beyond screens

South Korean machinery maker SFA, previously active in manufacturing machinery for the display screen industry, plans to expand its business to include semiconductors, batteries and logistics. […]

Coway introduces new Icon Water Purifier 2 water filter

South Korean company Coway, a specialist in water and air filters, recently unveiled the second generation of its Icon Water Purifier water filter. Consumers in South […]

Two “green” business units of South Korea’s SK begin collaboration with overseas firms

Specifically, the two divisions are the chemicals and recycling divisions of SK, South Korea’s second-largest conglomerate. As reported by Pulsenews, the collaboration with new global partners […]

International Hydrogen Consortium under Korean leadership begins work

South Korea, the United States and 16 other countries established a working alliance in May to accelerate cooperation in the development of the hydrogen industry, an […]

Hyundai Engineering announces strategic roadmap for SMR reactors and hydrogen generation

South Korean company Hyundai Engineering is stepping up its activities in micro-reactors (SMR) and hydrogen generation. As a result, Hyundai hopes to lead the way in […]

Well-known South Korean companies present innovative technologies at World IT Show

Samsung Electronics, LG Electronics, SK Telecom, KT, Kia and other well-known companies from South Korea were among the exhibitors at the World IT Show in April […]

Lotte Chemical to invest around US$7.68 billion in hydrogen and battery materials by 2030

The South Korean company Lotte Chemical is investing the equivalent of 7.68 billion US dollars in the hydrogen and battery materials business areas by 2030. In […]

More than 20 million OLED TVs shipped – Technology becomes standard for premium sets

TVs with OLED displays will account for about 40 percent of all premium sets sold this year, Pulsenews Korea reports. This makes the technology a standard […]

Samsung and LG expand home appliances with features for pet owners

Korean companies Samsung Electronics and LG Electronics are looking to launch more home appliances with functions for pet owners. This is in response to the growing […]

Update of the “Special Law on the Safety of Children’s Products” in Korea

The “Special Act on the Safety of Children’s Products”, in short “Children’s Products Act”, is one of the most important South Korean regulations on the requirements […]

Samsung SDI begins construction of the world’s first pilot plant to produce solid-state batteries

Samsung SDI could soon be one of the few vehicle battery manufacturers to operate a pilot plant for the production of solid-state batteries. To this end, […]

Germany’s Merck plans to manufacture semiconductor materials in South Korea

German company Merck plans to manufacture chemical mechanical polishing paste (CMP) in South Korea. Quality tests are currently underway with the CMP for customers in South […]

Hyosung expands production of carbon fibers for hydrogen tanks

The Advanced Materials division of the South Korean Hyosung Group is expanding the production of carbon fibers. To this end, a third production line is being […]

POSCO to build largest plant for production of battery electrolyte

POSCO Group, the world’s sixth-largest steelmaker, announced March 14 the start of construction of a solid electrolyte plant in Yangsan, about 420 km southeast of Seoul. […]

Kia plans to build new plant in South Korea for purpose-built vehicles

After 25 years, South Korea’s second-largest automaker Kia plans to build a new plant to produce purpose-built vehicles, or PBVs. In doing so, the company aims […]

US-Korean renewable energy and digital infrastructure joint venture established

South Korea’s leading energy sector consulting firm, Energy Innovation Partners (EIP), recently formed a joint venture with an energy company and digital infrastructure developer. The joint […]

Hyundai Motor introduces first garbage truck with hydrogen engine

Back in December 2021, South Korea’s Hyundai Motor Group unveiled the world’s first hydrogen-powered garbage truck in a YouTube video. The truck’s body is no different […]

Introduction to “Technical Certifications in China, India, Korea”

In June and July 2022, the Hanover Chamber of Commerce and Industry (IHK) will offer a series of online seminars created and conducted by us, MPR […]

The company Korea Zinc plans to double the production of raw materials for batteries

South Korea’s Korea Zinc Co. is considered the country’s leading lead and zinc smelter and plans to double its production capacity of nickel sulfate. The raw […]

Sustainable fossil fuel production becomes necessary for South Korean oil refinery operators

For decades, South Korea’s four major oil refinery operators set an example for the entire industry in terms of upgrading their facilities. These multi-billion dollar investments […]

LG Energy Solution expands battery production in Korea and China

Korean battery maker LG Energy Solution is expanding its production of cylindrical cells in Korea and China. That’s according to a securities report LG Energy Solution […]

Hyundai Engineering plans to produce hydrogen from plastic waste

Hyundai Engineering Co, the construction unit of South Korea’s Hyundai Motor Group, is investing the equivalent of $336 million to build a plant to produce hydrogen […]

Small excavator from Doosan Bobcat unveiled with transparent OLED display from LG

Construction equipment manufacturer Doosan Bobcat Inc, a subsidiary of South Korean conglomerate Doosan Group, recently unveiled the future of excavators at CES 2022 in the form […]

Massage chair manufacturer Bodyfriend was in the spotlight at CES 2022

South Korean company Bodyfriend Co, the world’s largest massage chair manufacturer, was in the spotlight at this year’s Consumer Electronics Show (CES) in Las Vegas due […]

POSCO brings neon gas production and related technology to South Korea

POSCO, a conglomerate, has established the first neon gas production facility in South Korea. Neon is a noble gas and is required for the production of […]

Groundbreaking ceremony for new LG Chem cathode material plant in Gumi, South Korea

LG Chem broke ground on the world’s largest cathode material production facility on 11 January 2022 in Gumi, North Gyeongsang Province. The company is investing the […]

Hyundai Oilbank plans to build new power plant powered by natural gas and hydrogen

South Korean refiner Hyundai Oilbank Co. is planning to build an environmentally friendly power plant that will run on liquefied natural gas (LNG) and hydrogen. This […]

Doosan Robotics sets sights on US$10 billion “cobot” market

South Korea’s Doosan Group is aiming to become a major player in the market for so-called “cobots” – robots that work directly with or assist humans […]

Hyundai Motor works on new car developed exclusively in virtual space

South Korea’s largest carmaker Hyundai Motor Co. is using virtual reality (VR) to design and test its new car model before the start of mass production […]

South Korea still heavily dependent on wind turbine imports

Back in February 2021, South Korea declared that it would become one of the world’s top five players in offshore wind turbines. However, it was recently […]

Gas supplier KOGAS plans transformation into hydrogen technology provider

The Korea Gas Corp. (KOGAS) plans to transform itself from a natural gas supplier into a hydrogen technology provider. The state-owned company made the announcement at […]

LG and Samsung develop EV batteries without cobalt

South Korean battery manufacturers LG Energy Solution and Samsung SDI are working on EV batteries without cobalt, according to Business Korea. Competitor SK On, on the […]

Hyundai Mobis invests 1.09 billion US dollars in further fuel cell factories

Hyundai Mobis is investing the sum of 1.09 billion US dollars in further production facilities in Incheon and Ulsan for the manufacture of fuel cells. On […]

South Korean autonomous driving startup 42dot valued at 434 million US dollars

South Korean autonomous driving start-up 42dot attracted investors’ attention with its advanced AI technology. Strategic and financial investors value the start-up at $434 million. In a […]

SK E&S promote logistics business based on hydrogen-powered drones

The SK E&S subsidiary of conglomerate SK Group is entering the logistics business with drones powered by hydrogen. To do so, the company will first promote […]

GM South Korea to play a more important role within the group

The president of GM, Mark Reuss, recently said that his company wants to continue producing combustion engines or improve them. Nevertheless, he said, the company will […]

Hyundai Mobis develops wheels that can turn 90 degrees

Hyundai Mobis Co, the auto parts manufacturer of Hyundai Motor Group, is working on a technology that allows vehicle wheels to rotate 90 degrees. This allows […]

Doosan announces fuel cell collaboration with SK Energy

Doosan Fuel Cell Co. will be working together with SK Energy Co. in the hydrogen business. To this end, the US managing director of Doosan Fuel […]

Korean Authorities Closed During New Year

Several Korean authorities and certification institutions will be closed for Christmas and New Year Holidays. The holidays will be on December 25, 2021 and on January […]

Successful Conclusion of 2021

The MPR Group looks back on an extremely successful 2021, even with the ongoing Covid-19 challenges. Many of our clients had to deal with delivery bottlenecks, […]

SK Group to invest around 12 billion US dollars in “green” industries by 2025

South Korea’s third-largest conglomerate SK Group plans to invest around 12 billion US dollars in so-called green industries over the next five years. This is the […]

Sales of eco-cars in South Korea pass 200,000 mark

The number of eco-friendly vehicles sold in South Korea passed the important 200,000-unit mark for the first time in September, Pulsenews reports. Thanks to generous government […]

South Korea still depends heavily on imported robot components

Business Korea reports new statistics showing that the country remains heavily dependent on imports of robot components. Many components for the robotics industry are provided with […]

Hyosung Group and Linde Korea to build hydrogen plant in Ulsan

The groundbreaking ceremony for the hydrogen liquefaction plant took place on 21 June in Ulsan with the participation of the two partners, Hyosung Heavy Industries and […]

Coupang’s revenue up by more than 50 per cent

US-listed e-commerce giant Coupang Inc recently reported its highest-ever quarterly revenue. On 12 August, the company, which is also known as the “Amazon of South Korea”, […]

LG Chem invests US$8.7 billion in batteries as well as renewable and biological materials

South Korea’s leading chemical manufacturer, LG Chem Ltd, announced in mid-July that it would invest around 8.7 billion US dollars in battery materials as well as […]

Government approves trial of hydrogen-powered tram in South Korean city

A hydrogen-electric-powered tram developed by Hyundai Rotem will be trialled in the southeastern industrial and port city of Ulsan from 2023 as part of a government […]

Foreign companies show interest in wind power in South Korea

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 […]