SK Enmove, a lubricant subsidiary of SK Innovation, has secured a stable supply of iodine by partnering with SQM, the world’s largest iodine producer based in Chile, in efforts to take the lead in the next-generation automotive refrigerants market, the company said Thursday. As iodine is a crucial material for producing high-efficiency automotive refrigerants, SK Enmove plans to develop advanced refrigerants that offer superior cooling and heating performance in comparison to the existing

Companies Oct. 3, 2024

SK On is looking to raise 1 trillion won ($755 million) through a rights offering as the battery maker continues efforts to improve its financial structure amid ongoing losses due to the sluggish growth of the electric vehicle market. Parent company SK Innovation announced in a regulatory filing on Wednesday that it plans to issue about 18 million new shares of SK On at a price of 55,458 won. The rights offering will take place in the form of a price return swap, through which a business guarant

Companies Oct. 3, 2024

Hanwha Solution’s Qcells, the solar energy division under Korean conglomerate Hanwha Group, has sold a 142 megawatt solar photovoltaics project to Washington state’s largest utility company Puget Sound Energy, Hanwha Qcells said Wednesday. Hanwha Qcells highlighted that the sale of the solar power project signifies optimizing the profit structure by selling the developmental assets and securing a turnkey contract for the services of engineering, procurement and construction, or EPC.

Companies Oct. 2, 2024

Hanwha Aerospace is looking to export Chunmoo, the self-developed multiple rocket launch system, to Norway as the Korean defense firm pins hopes on expanding its market presence in Europe. Hanwha Aerospace showcased a life-sized Chunmoo for the first time in Europe at the Eurosatory defense show in Paris in June this year, emphasizing the company’s willingness to secure more clients in the region beyond Poland. Defense industry experts say weapons system manufacturers do not exhibit actual

Companies Oct. 1, 2024

Global leaders in advanced air mobility are heading to Dubai for the fifth edition of the Airtaxi World Congress, slated to take place at the Grand Hyatt Dubai Conference & Exhibition Center from October 7-10. The next-generation clean air mobility event is expected to gather about 1,000 major players in the AAM sector such as airlines, airports, original equipment manufacturers, startups, investors and regulators. This year’s event participants include the US Federal Aviation Administ

Mobility Sept. 30, 2024

진행자: 간형우, Chelsea Proctor Young Koreans more open to Japanese cultural products 기사 요약: 올해로 20주년 맞은 한국의 완전한 일본 문화 수용과 젊은 세대에겐 익숙한 일본 문화 소비 습관 현상 [1] Japanese songs playing on South Korean TV and radio stations and giant posters of Japanese anime hung outside cinemas -- unimaginable just over two decades ago -- are no longer surprising. anime: 일본 만화 unimaginable: 상상할 수 없는 [2] Following liberation from 35 years of Japanese colonial rule in 1945, Korea had banned Japanese cultural products from re

Podcast Sept. 30, 2024

LG Energy Solution continues to put efforts into gathering top battery talents as the company looks for future leaders in the industry by hosting recruitment events. According to the battery maker Sunday, it held a Battery Tech Conference, or BTC, the company’s annual offline recruitment event, at LG Science Park in western Seoul on Friday. The last BTC took place in New York in May this year, gathering some 40 master’s and doctoral candidates from top-ranked schools in the US includ

Companies Sept. 29, 2024

Hyundai Mobis has become the first automotive parts supplier in Asia to receive a cybersecurity certification from ENX Association, bolstering its chances of securing orders worldwide. According to the auto parts manufacturer under Hyundai Motor Group Thursday, it held a cybersecurity certification presentation ceremony at its technology research center in Yongin, Gyeonggi Province with representatives from the European association in attendance. Members of the ENX Association include powerhouse

Mobility Sept. 26, 2024

진행자: 간형우, Chelsea Proctor Over 82,000 Korean young people unemployed, not searching for job long-term 기사 요약: 3년 이상 취업하지 않은 청년 중 구직 활동이나 취업 준비를 하지 않고 집에서 그냥 쉬는 청년이 8만명을 넘어선 한국 [1] Nearly a quarter million South Korean young people have been unemployed for at least three years, recent government data showed Thursday, with over 80,000 saying they were neither looking for work nor receiving education related to their career during the period. quarter: 4분의 1 unemployed: 무직의 [2] According to Statist

Podcast Sept. 26, 2024

Hyundai Motor is one step closer to making a successful debut on the Indian stock market, as the South Korean auto giant’s Indian subsidiary Hyundai Motor India Limited has obtained approval for its highly-anticipated initial public offering from Indian regulators. According to industry sources and local media outlets in India on Wednesday, the Securities and Exchange Board of India recently cleared Hyundai Motor’s paperwork for the IPO. In June this year, Hyundai Motor India submitt

Mobility Sept. 25, 2024

DAEJEON -- “You shouldn’t be looking at your smartphones while you are walking around the (SK) R&D campus,” said Lee Su-hyun, group leader of the management support department at SK IE Technology, a battery materials subsidiary of SK Innovation, as he greeted a group of reporters at the SKIET Research and Development Center on Friday. “We have this rule called SGR meaning Safety Gold Rule on this research site to discourage employees from looking at their smartphones

Companies Sept. 23, 2024

Hyundai Motor Group has officially become the largest shareholder of KT, one of the three main mobile carriers in Korea, the government said Thursday. After months of review, the Ministry of Science and ICT decided to approve the change in KT's largest shareholder, concluding that it does not harm the public interest. In March this year, the National Pension Service, the former biggest shareholder of KT, sold about 2.88 million shares of KT to lower its stake to 7.51 percent from 8.53 perce

Companies Sept. 19, 2024

Korean battery makers Samsung SDI and LG Energy Solution are putting considerable effort into boasting their latest technologies in the commercial electric vehicle sector at the ongoing IAA Transportation 2024 in Hanover, Germany. The IAA, currently being held from Sept. 17-22, is one of the largest auto exhibitions in the world and alternates its focus between passenger and commercial vehicles each year. This year’s theme is commercial vehicles. Samsung SDI has presented a lineup of nex

Mobility Sept. 18, 2024

Hyundai Motor Group and General Motors have joined forces to explore collaboration in vehicle development, supply chain and clean energy technology, officials announced Thursday. According to the announcement, the top leadership from each auto giant -- including Hyundai Motor Group Executive Chair Chung Euisun and GM CEO Mary Barra -- recently met at Genesis House New York and signed a memorandum of understanding to seek future collaboration across key strategic areas. Hyundai Motor and GM -- th

Mobility Sept. 12, 2024

BMW Group opened its newest charging station named BMW Charging Hub Lounge in central Seoul on Thursday, continuing to build upon the German automaker’s commitment to Korea’s electric vehicle transformation. According to BMW Group Korea, Seoul’s new charging facility has six 200 kilowatt-hour chargers and an indoor lounge including a cafe. The chargers will be open for other brands’ EVs as BMW aims to offer all EV drivers comfort and an opportunity to check out its newest

Mobility Sept. 12, 2024