green steel
Scope
Date
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Chemical Industry
S.Korea develops carbon composite materials as its 2nd steel industry
The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...
Dec 07, 2022 (Gmt+09:00)
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Steel
POSCO’s Pohang workers to leave umbrella steel union group
One of two labor unions at Korea’s largest steelmaker POSCO will leave its umbrella group, the Korean Metal Workers’ Union (KMWU), follo...
Dec 01, 2022 (Gmt+09:00)
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ESG
SK Inc. bulks up green investments to achieve net zero by 2035
SK Inc., the investment arm of South Korea’s second-largest conglomerate SK Group, is taking preemptive steps to expand its eco-friendly busin...
Dec 01, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korea, US to work on Busan-Seattle green cargo shipping corridor
South Korea and the US are looking to create a green cargo shipping corridor linking the port of Busan with the ports of Seattle and Tacoma as part ...
Nov 16, 2022 (Gmt+09:00)
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Perspectives
Korea should open retail electricity market for renewables
South Korea on Oct. 26 officially launched the carbon neutrality commission based on laws for green growth, which took effect last March, amid the g...
Nov 01, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings' Q3 profit tumbles on steel mill shutdown
POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker, missed market estimates for its quarterly profit as last mo...
Oct 19, 2022 (Gmt+09:00)
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Batteries
POSCO Holdings to invest extra $1.1 billion in Argentine lithium plant
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest an additional $1.09 billion, or 5 trillion won, in its lithium produ...
Oct 11, 2022 (Gmt+09:00)
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Steel
POSCO says normalization of typhoon-hit steel mill unlikely until Q1 2023
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, expects its steel mill in the southern port city of Pohang flood...
Sep 29, 2022 (Gmt+09:00)
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Batteries
SK's Chey, Zambian president discuss EV battery material deal
South Korea’s SK Group Chairman Chey Tae-won has met with Zambian President Hakainde Hichilema to discuss potential mineral deals in core mate...
Sep 23, 2022 (Gmt+09:00)
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IPOs
Internet lender K Bank gets green light for IPO
South Korea’s first internet-only lender K Bank on Tuesday received preliminary approval from the Korea Exchange to go public on the country&r...
Sep 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband develops green, efficient network technology
South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...
Sep 20, 2022 (Gmt+09:00)
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Steel
POSCO expects typhoon to reduce sales by $1.5 billion
POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kor...
Sep 16, 2022 (Gmt+09:00)
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ESG
Samsung goes green as it eyes clean tech supremacy across supply chain
Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...
Sep 15, 2022 (Gmt+09:00)
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Steel
POSCO may need months to normalize typhoon-hit steel mill
POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...
Sep 14, 2022 (Gmt+09:00)
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Steel
Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions
South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric ...
Sep 14, 2022 (Gmt+09:00)
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Construction & Planning
Korea's Hyundai E&C to build smart green city in Vietnam
Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...
Aug 31, 2022 (Gmt+09:00)
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Electronics
Samsung, LG boost use of recycled materials for electronics
South Korean tech giants Samsung and LG are increasing their amount of electronic products made from recycled materials. The companies will showcase...
Aug 29, 2022 (Gmt+09:00)
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Steel
POSCO gains huge dividend from Roy Hill mine in H1
When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trillion won ($1.2 billio...
Aug 18, 2022 (Gmt+09:00)
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Corporate investment
Korea Zinc to invest $7.5 billion in green hydrogen, battery materials
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...
Aug 09, 2022 (Gmt+09:00)
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Steel
Korea's SeAH joins hands with Saudi Aramco on special steel
South Korea’s steel conglomerate SeAH Group has tied up with Saudi Aramco, Saudi Arabia's energy giant, to accelerate its expansion in the Mid...
Aug 08, 2022 (Gmt+09:00)
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Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Jul 28, 2022 (Gmt+09:00)
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Corporate investment
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
Jul 27, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Corporate investment
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
Jun 30, 2022 (Gmt+09:00)
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Energy
SK to invest $30 mn in ammonia-based power solutions developer Amogy
SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...
Jun 14, 2022 (Gmt+09:00)
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Bio & Pharma
Hugel accelerates European botox sales with Poland's approval
Hugel Inc., South Korea’s largest maker of botulinum toxin products used to treat overactive muscles and facial wrinkles, has won sales approv...
Jun 03, 2022 (Gmt+09:00)
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Corporate investment
POSCO Group looks to treble corporate value by 2030
South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...
May 26, 2022 (Gmt+09:00)
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Steel
POSCO closer to supplying steel for LNG tanks to ExxonMobil
POSCO, the world’s sixth-largest steelmaker, took a step forward to supply global energy major ExxonMobil with steel for liquefied natural gas...
May 26, 2022 (Gmt+09:00)
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Batteries
POSCO to invest $20 billion in battery materials to rival Chinese firms
POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...
May 11, 2022 (Gmt+09:00)