Latest news
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KOGAS and French partner Total forge strategic long-term partnership in LNG trading
SEOUL -- South Korea's state gas company forged a strategic long-term partnership with TotalEnergies, an energy and petroleum company in France, to strengthen natural gas trading and energy security in the face of a volatile situation in the global energy market. Korea Gas Corporation (KOGAS) said it has signed a business agreement on liquefied natural gas (LNG) trading with Total at a ceremony in Singapore. The two companies have maintained close cooperation with long-term L
June 16, 2022 -
SK Geo Centric ties up with Canadian and French companies to produce chemically recycled plastic
SEOUL -- In response to tightened regulations on waste plastics in Europe, SK Geo Centric, a chemical company affiliated with South Korea's SK Group, will set up a joint venture plant in France to produce about 70,000 tons of chemically recycled plastics annually in cooperation with Canadian and French companies. The accumulation of plastic waste has become a serious global problem. Chemical recycling breaks down and returns plastic to its pure, raw material form. It is an attr
June 16, 2022 -
Taihan Cable and Saudi partner agree to invest $80 million in joint venture plant in Riyadh
SEOUL -- Taihan Cable & Solution, a power cable and grid infrastructure company in South Korea, agreed with its Saudi partner to invest $80 million in a joint venture plant at an industrial park in Riyadh that will produce high voltage power cables targeting clients in the Middleast, Europe and Africa. Under a deal signed in Seoul, Taihan will own 51 percent of the joint venture named "Saudi Taihan Cable & Solution," and the remainder controlled by Mohammed Al-Ojai
June 16, 2022 -
SK pharmteco earmarks $35 million to boost production capacity in Ireland
SEOUL -- SK pharmteco, a U.S.-based portfolio company of South Korea's SK Group, will invest $35 million to expand the production capacity of its manufacturing plant in Ireland. The investment underlines a group-wide campaign to create a global pharmaceutical company that can produce synthetic drugs and bio-medicine for cell and gene therapy. Unlike Samsung Biologics, a major contract development and manufacturing organization (CDMO) that established a domestic production bas
June 16, 2022 -
KOGAS subsidiary clinches first ship-to-ship LNG bunkering order from domestic shipping company
SEOUL -- The sole provider of LNG bunkering services in South Korea clinched its first ship-to-ship bunkering order from a domestic shipping company that imports iron ore from Australia. The deal comes as South Korea is trying to activate its bunkering market for liquefied natural gas (LNG), a proven commercial solution to meet ever-tightening emissions requirements. Korea LNG Bunkering (KOLB) has signed a ship-to-ship (STS) bunkering contract to supply about 1,000 tons of LNG per s
June 15, 2022 -
LG Display raises $1.0 billion new funds to expand OLED production in Vietnam
SEOUL -- LG Display, a major flat panel maker affiliated with South Korea's LG Group, will raise about $1.0 billion worth of investment funds from domestic and foreign banks to expand organic light-emitting diode module lines and build infrastructure at its plant in Vietnam. Despite unstable economic conditions such as interest rate hikes and the war in Ukraine, LG Display said it was able to attract funds from global financial institutions, demonstrating its excellent technolog
June 15, 2022 -
Homegrown technology developed for real-time inspection of rail supporting facilities
SEOUL -- A homegrown technology for inspecting the condition of rail supporting facilities for electric trains has been developed to replace imports. It was designated as a new transportation technology that can receive various benefits such as development funds to strengthen technology competitiveness. Applied with the new technology, a high-speed and high-resolution camera can photograph tram track support facilities and provide related information in real time through deep learni
June 15, 2022 -
Doosan Group makes new investment to nurture semiconductor unit as global player
SEOUL -- South Korea's Doosan Group will inject some one trillion won ($774 million) into its newly acquired semiconductor test service company to nurture it as one of the world's top five players within five years. The investment was disclosed during Doosan Group chairman Park Jeong-won's trip to the factory of Doosan Tesna in Anseong, 45 kilometers (28 miles) south of Seoul. Doosan Tesna will build a new plant for completion in late 2024 as part of efforts to expand it
June 15, 2022 -
LG Electronics jumps into logistics robot market in cooperation with CJ Logistics
SEOUL -- Based on its service robot solution know-how and autonomous driving technology accumulated in hotels, hospitals, and restaurants, LG Electronics jumped into the logistics robot market in cooperation with CJ Logistics, a major logistics company that has used artificial intelligence, big data and robots for digital transformation. The two companies would push for the joint development of an order picking system based on autonomous driving robots, establish optimized robot o
June 15, 2022 -
Kolon's new golf ball records world's longest distance in WRC certification test
SEOUL -- A new golf ball made by applying the powder of attometal, a new material developed by a subsidiary of South Korea's Kolon Group, has recorded the world's longest distance. In a ceremony in Seoul on August 14, the golf ball brand-named "Attomax" has officially received the world's longest distance title from the World Record Committee (WRC), a world record certification body based in the United States. In a certification test using a WRC-certified
June 14, 2022
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Commemorative event explores Tagore's legacy in Korea
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VISUALS: Indian philosopher Tagore's 163rd birth anniversary celebrated on Nami Island
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John Y. Lee, Korean War hero who interpreted for MacArthur, dies at 95
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'We support BTS, not HYBE'
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Hanwha Robotics, B-Robotics join hands on restaurant automation project
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BTS agency launches global audition for new boy band
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Spike in juvenile gambling raises concerns in Korea
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Harmful substances found in toys sold on Chinese e-commerce platforms
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Hyundai Rotem selected as preferred bidder for armored vehicle contract with Peru
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Korea to launch international webtoon festival in September