large-scale battery business unit
Scope
Date
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Batteries
SKIET to build additional battery separator plants in Poland
SK Innovation Co.’s material business arm SK IE Technology Co. (SKIET) is set to construct two additional electric vehicle battery separator p...
Mar 28, 2021 (Gmt+09:00)
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Batteries
SK reiterates rejection of LG’s hefty demand for battery dispute settlement
SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...
Mar 26, 2021 (Gmt+09:00)
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Batteries
LG Chem CEO vows stern action against SK in battery legal dispute
The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...
Mar 25, 2021 (Gmt+09:00)
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Consulting boom
Consulting firms enjoy boom as pandemic drives new business strategies
Slightly more than a year since the COVID-19 pandemic upended the business world, the role of management consultants has become important more than ...
Mar 24, 2021 (Gmt+09:00)
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Bio business
Lotte advances into bio business, to acquire stake in Enzychem
South Korea’s Lotte Group is entering the bio business for the first time in its history by acquiring a significant stake in Enzychem Lifescie...
Mar 23, 2021 (Gmt+09:00)
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Batteries
Market jitters grow over Korean battery shares after VW’s decision
Market jitters over South Korea’s battery makers are growing after Volkswagen AG’s announcement on Monday that it will make batteries in...
Mar 18, 2021 (Gmt+09:00)
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Energy
Hyosung inks first large-scale ESS deal in Europe
Hyosung Heavy Industries, the construction and infrastructure arm of South Korea’s textile and chemicals conglomerate Hyosung, on Mar. 17 said...
Mar 17, 2021 (Gmt+09:00)
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Batteries
Korean battery shares tumble as VW gears up for in-house production
Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...
Mar 16, 2021 (Gmt+09:00)
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Batteries
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
Mar 12, 2021 (Gmt+09:00)
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Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
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Hanwha Group
Hanwha launches group-wide task force to bolster space business
Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...
Mar 08, 2021 (Gmt+09:00)
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Batteries
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Mar 05, 2021 (Gmt+09:00)
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Batteries
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
Mar 04, 2021 (Gmt+09:00)
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Korean chipmakers
Signs of upcoming DRAM boom cycle loom large amid price uptrend
Signs that the global DRAM market is entering a boom cycle are looming large with chip prices on an ascending trendline and major chipmakers spendin...
Feb 25, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor hires US aerospace expert as UAM business CTO
Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...
Feb 24, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience eyes $900 mn annual sales from vaccine business
South Korea’s SK Bioscience Co. is looking to post 1 trillion won ($900 million) in annual revenue from its vaccine business as the biopharmac...
Feb 23, 2021 (Gmt+09:00)
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Corporate restructuring
Doosan to spin off No. 1 forklift business to Bobcat
South Korea-based power plant builder Doosan Group is planning to spin off its profitable forklift business into construction equipment affiliate Do...
Feb 22, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, LG Energy team up on EV battery leasing, recycling
The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...
Feb 18, 2021 (Gmt+09:00)
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Batteries
Korea’s EV battery trio controls half of global market ex-China
South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...
Feb 17, 2021 (Gmt+09:00)
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Automobiles
Renault vows action if Korean unit fails to improve productivity, cut costs
French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...
Feb 09, 2021 (Gmt+09:00)
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Short selling
Korea to lift short-selling ban on large stocks; retail investors resist
South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...
Feb 04, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $900 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $895 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 02, 2021 (Gmt+09:00)
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Batteries
SK Innovation’s Q4 EV battery business revenue hits record high
South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...
Jan 29, 2021 (Gmt+09:00)
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Batteries
SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn
SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...
Jan 29, 2021 (Gmt+09:00)
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Investment Fund
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...
Jan 27, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Vingroup eyes LG’s smartphone business: Reports
Vietnam’s largest conglomerate Vingroup is interested in acquiring part of LG Electronics Inc.’s smartphone operation to bolster its hig...
Jan 22, 2021 (Gmt+09:00)
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Batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...
Jan 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem ready to bid for JSR’s synthetic rubber business
South Korea’s Lotte Chemical Corp. has completed due diligence on the synthetic rubber operation of JSR Corp., put up for sale by the Japanese...
Jan 20, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...
Jan 20, 2021 (Gmt+09:00)
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