SEOUL, Dec. 15 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Friday it will initially inject 938.5 billion won (US$725 million) in its U.S. subsidiary in charge of building a local cathode plant. LG Chem plans to hold a groundbreaking ceremony next week for a 1.8 trillion-won cathode plant in Clarksville [...]
SEOUL, Nov. 15 (Korea Bizwire) – SK Geo Centric Co. (SKGC), the chemical unit of chip-to-construction conglomerate SK Group, on Wednesday began construction of a plastics recycling plant as it seeks to develop the business into a new growth driver. SKGC and its three global partner companies — Loop Industries, Inc. from Canada, PureCycle Technologies, [...]
SEOUL, Oct. 27 (Korea Bizwire) – LG Chem announced on Thursday its intention to establish a plastic circulation system by producing eco-friendly plasticizer, a key ingredient in flooring materials, using discarded PET bottles from everyday life. A plasticizer is a vital additive that enhances the flexibility and elasticity of PVC, primarily used in the production of [...]
SEOUL, Oct. 25 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it has opened a research and development center in the United States to develop new growth engines under a partnership with a local university. LG Chem’s North America Innovation Center, located in Georgia, will focus on developing technologies involving [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s major chemical companies are collaborating with cosmetics companies to accelerate the development and supply of eco-friendly cosmetics packaging. This transition is crucial for the cosmetics industry due to its short product replacement cycle, extensive use of plastics, and considerable waste production. LG Chem announced on Tuesday that it [...]
SEOUL, Oct. 13 (Korea Bizwire) — LG Chem Ltd. and GS Caltex Corp. plan to produce a prototype of a material for biodegradable plastics next year, as they step up cooperation for the development of the eco-friendly raw material, the companies said Friday. LG Chem and GS Caltex signed an agreement in 2021 to develop [...]
POSCO is connecting with younger audiences by creating unique content, “Fantasteel – The Beginning of the New Iron Age,” in partnership with Nexon’s online game “Wars of Pracia”. SEOUL, Oct. 9 (Korea Bizwire) – Businesses in the so-called ‘junghujangdae’ industries, unfamiliar to the general public, are striving to craft a friendly image by creating compelling [...]
SEOUL, Sept. 24 (Korea Bizwire) –LG Chem Ltd., South Korea’s leading chemical company, said Sunday it has partnered with China’s Huayou Group to build four electric vehicle (EV) battery material plants in Morocco and Indonesia amid an acceleration in electrification. On Friday, LG Chem signed four separate initial pacts with Huayou Group to build [...]
SEOUL, Sept. 21 (Korea Bizwire) —SK Chemicals is contemplating the potential sale of its pharmaceutical business to Glenwood Private Equity (PE), a private equity fund manager. In response to a disclosure request from the Korea Exchange regarding Glenwood PE’s proposed acquisition of SK Chemicals’ pharmaceutical business unit, SK Chemicals stated, “We are in the process [...]
SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]