electric propulsion ships
Scope
Date
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Batteries
Battery recycling firms aim for 90% lithium recovery rates
A growing number of South Korean companies – from battery materials makers to power facilities builders – are jumping into the waste bat...
Jul 31, 2023 (Gmt+09:00)
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Automobiles
KG Mobility to launch electric SUV Torres EVX in September
South Korea's KG Mobility Corp., formerly Ssangyong Motor, announced on Monday that it has confirmed the release of the electrified version of its s...
Jul 31, 2023 (Gmt+09:00)
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Carbon neutrality
Nearly all HMM ships meet int'l CO2 rules
South Korea’s No. 1 container transportation and shipping service HMM Co., Ltd on Monday said the Carbon Intensity Indicator (CII), which meas...
Jul 25, 2023 (Gmt+09:00)
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Automobiles
EV6, GV60 outperform global peers in Auto Bild’s EV tests
Hyundai Motor Group’s electrification push under the direction of its Chairman Chung Euisun is more than paying off, with a slew of worldwide ...
Jul 24, 2023 (Gmt+09:00)
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Automobiles
End of an era: Hyundai, Kia say goodbye to diesel-powered Porters, Bongos
Hyundai Motor Co. and Kia Corp. will cease manufacturing diesel-powered compact trucks in November and replace them with liquefied petroleum gas (LP...
Jul 24, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis agree to build 2nd US battery plant
South Korea’s Samsung SDI Co. and the Netherlands-based automaker Stellantis N.V. have signed a memorandum of understanding (MOU) to build the...
Jul 24, 2023 (Gmt+09:00)
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Retail
Alibaba launches express ships to S.Korea as orders surge
Alibaba.com, China’s largest online marketplace, launched an express cargo ship service between South Korea and China this week to meet a surg...
Jul 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SM Group to buy HMM but not for over $3.5 bn: SM Chair Woo
SM Group has enough financial ammunition to buy the country’s No. 1 container shipping line HMM Co. but would not join the bid for the latter&...
Jul 19, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy in $3.1 bn methanol-powered ship deal with Evergreen
Samsung Heavy Industries Co., a leading South Korean shipbuilder, has won a 3.96 trillion won ($3.13 billion) deal to build 16 methanol-powered cont...
Jul 17, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor’s UK sales highest in 5 years, driven by IONIQ 5
Just a few years back, vehicles built by Hyundai Motor Co. were dismissed as second-class cars of poor quality in Europe, with one car magazine deri...
Jul 14, 2023 (Gmt+09:00)
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Hydrogen economy
Korea Zinc ties up with SK, Hanwha for Aussie green ammonia
Korea Zinc Inc., the world’s largest lead and zinc smelter, has joined hands with SK Gas Ltd. and Hanwha Impact Corp. for the green ammonia bu...
Jul 14, 2023 (Gmt+09:00)
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Automobiles
EV9 SUV to be Kia’s 1st EV assembled in US
Kia Corp. will spend over $200 million to transform part of its assembly plant in the US state of Georgia to manufacture its second all-electric SUV...
Jul 13, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Secondhand LNG carrier prices hit record high; prospects rosy
Prices of secondhand liquefied natural gas (LNG) carriers are flying high, close to new LNG ship prices, amid tighter environmental regulations and ...
Jul 12, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries captures ship's underwater noise
South Korean shipbuilder Samsung Heavy Industries revealed on Tuesday that it has attained cutting-edge technology enabling the precise analysis of ...
Jul 11, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung Biologics, Celltrion pledge major CO2 cuts
South Korea’s No. 1 biopharmaceutical company Samsung BioLogics Co. and No. 2 Celltrion Inc. produced higher CO2 emissions last year than in 2...
Jul 10, 2023 (Gmt+09:00)
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Steel
POSCO gears up for big stride as green materials firm with Hyper NO
South Korea’s steel pioneer POSCO under POSCO Holdings Inc. is preparing to take another big stride as an eco-friendly materials provider with...
Jul 06, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries succeeds autonomous vessel navigation
South Korean shipbuilder Samsung Heavy Industries said on Thursday it had successfully demonstrated autonomous vessel navigation from South Korea to...
Jul 06, 2023 (Gmt+09:00)
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ESG
Hyundai Glovis to support removal of marine debris
South Korea's leading logistics company Hyundai Glovis Co. announced on Thursday that it has joined forces with The Ocean Cleanup, a global environm...
Jul 06, 2023 (Gmt+09:00)
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Pension funds
NPS buys more Hyosung Heavy Industries, LS Electric shares in Q2
National Pension Service (NPS) of South Korea increased investments in local machinery, shipbuilding and semiconductor stocks in the second quarter ...
Jul 05, 2023 (Gmt+09:00)
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Aerospace & Defense
HD Hyundai Heavy Industries starts building next-gen Aegis-equipped ship
South Korea's HD Hyundai Heavy Industries Co., the shipbuilding affiliate of HD Hyundai Co., has embarked on the full-scale construction of the next...
Jul 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia set fresh H1 sales record in US, beating H1 2021
South Korea’s largest automaker Hyundai Motor Co. and its sister company Kia Corp. posted record first-half-year sales in the US this year, am...
Jul 03, 2023 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins $917 mn Australian electric train project
Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside...
Jun 30, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to invest $230 bn in Korea on speedy govt support
Samsung Electronics Co., the world’s top memory chipmaker, is set to spend 300 trillion won ($230.4 billion) to build semiconductor manufactur...
Jun 27, 2023 (Gmt+09:00)
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Automobiles
Genesis GV70 EV tops German magazine comparison
The Electrified GV70, an electric SUV from Hyundai Motor Group's luxury brand Genesis, has won the top spot in a comparison test run by Germany's ...
Jun 26, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO-led consortium signs 47-yr Oman green hydrogen project
A consortium led by POSCO Holdings Inc. and Samsung Engineering Co. has signed a 47-year contract with Oman worth an estimated $7 billion-$8 billion...
Jun 22, 2023 (Gmt+09:00)
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Economy
Monthly exports set for growth in June for 1st time in 10 months
South Korea’s exports in the first 20 days of June rose from a year earlier, seeing growth in the period for the first time since last August....
Jun 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea's shipyards get OK from shipping companies to delay vessel delivery
South Korean shipbuilders are breathing a sigh of relief despite the postponed delivery of their container ships due to a chronic shortage of domest...
Jun 19, 2023 (Gmt+09:00)
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Automobiles
Kia starts delivering electric SUV EV9 to customers
Kia Corp. announced on Sunday that its first large-scale electrified sport utility vehicle (SUV), the EV9, will be available for delivery to custome...
Jun 18, 2023 (Gmt+09:00)
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Automobiles
Rolls-Royce unveils its first all-electric model, Spectre, in Seoul
Rolls-Royce has unveiled Spectre, the brand's first all-electric model, on Friday in Seoul for the first time in the Asia-Pacific region.The exterio...
Jun 16, 2023 (Gmt+09:00)
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Logistics
CJ Logistics, Evergreen sign agreement for logistics cooperation
South Korea's CJ Logistics has entered into mutual cooperation with the Taiwan-based global shipping company Evergreen Marine Corporation for the ...
Jun 16, 2023 (Gmt+09:00)