Raw Laboratory

Bio & Pharma GC Biopharma acquires ABO Holding for $96 mn

South Korea’s GC Biopharma Corp. said on Thursday it acquired the US-based medical-grade source blood plasma company ABO Holding Inc. The...

Bio & Pharma Hanmi breaks ground pharmaceuticals complex in Beijing

South Korea's Hanmi Pharmaceutical Co. said on Friday that Beijing Hanmi Pharm, its subsidiary in China, held the groundbreaking ceremony for a proj...

Chemical Industry LG Chem targets functional cosmetics market with bio-materials

LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, is targeting the functional cosmetics market with bio-materials derived from ...

Artificial intelligence LG Innotek develops AI for raw material inspection

LG Innotek, a leading South Korean electronics parts maker, said on Wednesday it developed an artificial intelligence (AI) system that can filter ou...

Batteries EcoPro BM, GEM cement partnership for nickel, precursors

EcoPro BM Co., a South Korean cathode materials producer, said on Tuesday it has signed a memorandum of understanding (MOU) with GEM, a Chinese batt...

Chemical Industry LG Chem, KCC partner to develop eco-friendly paint

South Korea's LG Chem Ltd. announced on Monday that it signed a memorandum of understanding (MOU) with KCC Corp. on May 23 to research and develop e...

Earnings Overseas projects boost Korean builders’ earnings; GS profit cut in half

Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...

ESG HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste

South Korea's HD Hyundai Oil Bank Co. and Hyundai Department Store Co. have partnered to create a closed-loop plastic film recycling system, a first...

Batteries POSCO-Pilbara JV delivers 1st order of lithium hydroxide

South Korea’s top steel group POSCO has shipped lithium hydroxide, a rechargeable battery’s key raw material produced jointly with Austr...

Chemical Industry LG Chem, Ansan City to team up for waste vinyl recycling

South Korea's LG Chem Ltd. has decided to recycle waste vinyl generated in Ansan, Gyeonggi Province, into plastic raw materials. The company announc...

Chemical Industry HD Hyundai Chemical to produce eco-friendly bio-naphtha

South Korea's HD Hyundai Chemical Co. announced on Thursday that it will collaborate with CJ CheilJedang Corp. to produce eco-friendly bio-naphtha...

Batteries S.Korea, Indonesia to strengthen battery materials supply chain

South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...

Steel Korean steelmakers mull anti-dumping suit vs Chinese, Japanese firms

Under growing pressure from increased imports of cheap Chinese and Japanese steel products, South Korean steelmakers are considering filing an anti-...

Batteries S.Korea to probe Chinese batteries' alleged patent violations

South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...

Supply chain China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

Batteries LG Chem, SNU to jointly develop next-generation material

South Korea's LG Chem Ltd. partnered with Seoul National University (SNU) to develop next-generation material technologies, including pivotal materi...

Batteries POSCO Holdings to secure lithium from oil-field brine in Canada

South Korea's POSCO Holdings Inc. announced on Wednesday it signed a memorandum of understanding (MOU) with Invest Alberta Corporation (IAC) in Seou...

Electronics LG Elec to open heat pump research laboratory in Alaska

LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...

Batteries POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

Food & Beverage Korea steps up pressure on private sector to ease inflation

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

Chemical Industry S.Korea's SKC to sell polyurethane raw material unit for $304 mn

South Korean chemical material company SKC Ltd. is selling its unit for raw materials of polyurethane (PU), a chemical substance.The company’s...

Bio & Pharma Prestige Biologics partners with Indian company for CDMO

Prestige Biologics Co., a South Korean biopharmaceutical contract development and manufacturing organization (CDMO) company, is expanding its CDMO b...

Shipping & Shipbuilding Woori, HMM, KOBC to buy bulk carrier operator Polaris

South Korean bulk carrier operator Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Priva...

Automobiles Hankook Tire cuts more jobs as it struggles to recover from fire

South Korea’s largest tire maker Hankook Tire & Technology Co. plans to cut more jobs through a voluntary retirement scheme as the company...

Batteries Young Poong, AJ Networks to form battery recycling chain in Europe

South Korea’s non-ferrous metal company Young Poong Co. has teamed up with AJ Networks to establish a secondary batteries resource circulation...

Supply chain Korea’s heavy dependence on China for raw materials deepens

While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...

Batteries S.Korea's Posco International secures graphite in Africa

South Korea's POSCO International Corp. is broadening its footprint in Africa's secondary battery raw material sector, with plans to secure an annua...

Electronics LG Electronics cuts H1 costs by $1.6 billion on stable supply chain

LG Electronics Inc. has slashed raw material and transportation costs by 2.12 trillion won ($1.6 billion) in the first half thanks to a stable sup...

Batteries Doosan secures $392 mn in cumulative PFC orders

South Korea's Doosan Corp. announced on Monday that it has accumulated 500 billion won ($392 million) in orders for its patterned flat cable (PFC), ...

Batteries OCI makes foray into battery materials market

South Korea's chemical and green energy company OCI has entered the battery materials market by landing a supply contract for key raw materials for ...