Bakken Energy, an innovative developer of affordable clean hydrogen at scale, announces Hyosung, a South Korean leader in hydrogen development, has joined Bakken Energy as a strategic investor, Alison Ritter of Bakken Energy said on Nov. 2.Hyosung has recently become known for advancing technologies

Taihan Cable & Solution is continuing its steps to secure competitiveness in Africa.Taihan Cable & Solution announced on Nov. 2 that the South African Ambassador to Korea visited Hoban Park (located in Umyeon-dong, Seocho-gu) on Nov. 1 and discussed ways to expand its business in South Africa.At thi

By Kevin LeeThe Polish Ministry of State Assets, the Korean Ministry of Trade, Industry and Energy, Polish energy companies ZE PAK and PGE, Korea Hydro & Nuclear Power (KHNP) have announced that a letter of intent regarding the development plan of a nuclear power plant at the Pątnów site and an MOU

Capella Yang Yang, the first entry into South Korea by global luxury resort brand Capella Hotels & Resort, held a groundbreaking ceremony on Oct. 27 and announced the start of the business. A total of 500 people attended the groundbreaking ceremony held at Songjeon Beach in Sonyang-myeon, Yangyang-g

CJ Group has appointed the youngest female CEO at the age of 45.The CJ Group announced that it had appointed Lee Sun-jung, who had served as the head of CJ Olive Young's sales division, as the new CEO of CJ Olive Young after carrying out an executive reshuffle in 2022. Lee Sun-jung, a business leade

In the third quarter of 2022, LG H&H reported 1.9 trillion won in sales (-7.0% yoy), and 190 billion won in operating profit (-44.5% yoy), the company said on Oct. 27.Business environment for 3Q was challenging. In China, consumer sentiment and economic activity declined due to prolonged lockdowns s

Chairman Heo Young-in of SPC Group apologizes to the public for the fatal accident at the bakery factory of SPL, a subsidiary of Pyeongtaek SPC, at the SPC headquarters in Yangjae on Oct. 21The accident occurred eight days after the death of a worker in his 20s at the SPC-affiliated SPL Pyeongtaek b

Chairman Chung Eui-sun of Hyundai Motor Group went on a business trip to the United States to attend a groundbreaking ceremony for a plant dedicated to electric vehicles in Georgia.According to industry sources, Chairman Chung left to the United States on a private plane from Gimpo International Air

POSCO Holdings decided to invest in the second stage of a salt water lithium commercialization factory in Argentina, the company said on Oct. 18.POSCO Holdings reported the second investment business on Oct. 7 to its board and they approved the production of lithium hydroxide with salt water in Arge

Key figures from the Middle East, such as members of the Royal Family of Dubai, Crown Prince of Abu Dhabi, UAE Deputy Prime Minister, and Albanian Ambassador, visited A-NEX Korea's 'DONO' booth in the GITEX venue. GITEX is the largest Information & Communication Fair in the Middle East, held from th

Pernod Ricard Korea announced the release of 3 champagnes of the ‘Maison Mumm RSRV Collection’ that contains the “Only the Best" philosophy of Maison Mumm, a champagne house established in 1827. Since they were first produced in 1838, Maison Mumm’s exceptional champagnes have been reserved for a cir

POSCO-MKPC, POSCO’s automotive steel processing center based in Malaysia, held ‘POSCO AHSS TECHDAY’ in Setia Alam, Malaysia on Sept. 29. This event was held for the first time in three years since 2019 due to COVID-19 pandemic, the POSCO announced on Oct. 12.POSCO-MKPC held this event to expand the

SK held a ceremony at Iváncsa City Hall on Sept. 27 (local time) to deliver a donation to the local public foundations in Iváncsa, Hungary, where its third electric vehicle (EV) battery plant in Europe is currently under construction.The ceremony was attended by Krisztián Molnár – Governor of Fejér,

By Feature Editor Lee Sam-sunSK On, a global leading electric vehicle (EV) battery manufacturer, announced today it has signed a lithium supply deal with Australia’s Lake Resources, a move that will further strengthen its key battery materials supply chain in response to robust business growth and g

POSCO Holdings and LG Energy Solutions will further strengthen cooperation related to the rechargeable battery businessWith global supply chain issues emerging as a pending issue due to the United States-Mexico-Canada Agreement (USMCA) and the Inflation Reduction Act (IRA), the POSCO Group and globa

SK On recently signed a Memorandum of Understanding (MOU) with Australia’s Global Lithium Resources to bolster its key battery materials supply chain.The representatives from SK On and Global Lithium Resources signed the MOU in Perth, Australia on Sept. 28. The two sides agreed to explore future bus

Hyundai Motor and Kia announced a total of $1 million donation to the American Red Cross to help those affected by Hurricane Ian.The donation will support the non-profit as it works to facilitate temporary shelter and provide food and comfort items to those in need, Hyundai Motor said on Oct. 6.Addi

LS Cable is spurring expansion of renewable energy-related businesses with its subsidiaries. LS Materials announced on Oct. 5 that it will supply Ultra Capacitor (UC) to NextEra Energy, the largest renewable energy operator in the United States.UC is an industrial special battery with high speed cha

Hana Securities, led by CEO Lee Eun-hyung, sued an incumbent executive who committed a breach of trust worth 4.8 billion won (some $3.4 million).According to the Financial Supervisory Service's electronic disclosure system on Oct. 4, Hana Financial Group announced on Sept. 30 that it has sued Chung,

Irish Distillers, a subsidiary of the global wine and spirits company Pernod Ricard, disclosed a roadmap for the Ireland-based Midleton Distillery to contribute to carbon neutrality with approximately 67 billion won (50 million euros) in investments over the next four years.The roadmap aims at trans