SEOUL, Aug. 30 (Korea Bizwire) – LG Chem has unveiled its new Customer Solution Center in Ravenna, Ohio, marking a significant expansion of its North American operations. The company announced on August 29 that the facility is now fully operational and ready to provide comprehensive technical support to its clients and partners in the region. The [...]
SEOUL, Aug. 9 (Korea Bizwire) – In a significant advancement for environmental science, researchers in South Korea have identified an enzyme capable of breaking down polyethylene, one of the most prevalent and persistent forms of plastic pollution. The discovery, announced on August 8 by the Korea Institute of Science and Technology (KIST), could pave the way [...]
WASHINGTON, Jun. 27 (Korea Bizwire) — The United States on Thursday welcomed South Korea undertaking the one-year chair of a multinational partnership aimed at developing diverse and sustainable supply chains for critical energy minerals. South Korea is set to start leading the Minerals Security Partnership (MSP) on Monday, the State Department said. Launched in 2022, [...]
SEJONG, May 3 (Korea Bizwire) — The United States has made a preliminary decision to impose up to a 43.5 percent anti-dumping tariff on aluminum extrusion imports from South Korea, officials said Friday. The U.S. Department of Commerce plans to impose 2.42 percent anti-dumping tariffs on aluminum extrusion produced by Shinyang Metal and 43.56 percent [...]
SEOUL, May 1 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Wednesday it will build its first overseas water-desalination device plant in Saudi Arabia by 2026 under a joint project with a local company. LG Chem has partnered with Alkhorayef Group, a leading Saudi Arabian conglomerate specializing in water, energy and [...]
SEOUL, Mar. 21 (Korea Bizwire) – In a pioneering move towards sustainable cosmetics packaging, LG Chem, a leading South Korean chemical company, is set to unveil an innovative eco-friendly plastic material derived from captured carbon dioxide at the world’s largest beauty trade fair, Cosmoprof Bologna 2024, which kicks off on March 21 in Bologna, Italy. The [...]
SEOUL, March 5 (Korea Bizwire) –A South Korean geoscience research institute said Tuesday it found a lithium deposit in Kazakhstan last year and plans to push for its development. The deposit was found in a 1.6 kilometer-square area of pegmatites in eastern Kazakhstan, where tantalum was mined in the past, the Korea Institute of Geoscience [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea is taking a significant step towards environmental sustainability by initiating a project to recycle leftover fabric scraps into sound-absorbing materials. The Ministry of Environment, along with the district offices of Jongno, Seongdong, and Dongdaemun in Seoul, and the Korea Textile Recycling Association, announced that a signing of a memorandum [...]
SEOUL, Dec. 20 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday it has started the construction of a 1.8 trillion-won (US$1.4 billion) cathode plant in the United States to meet the rising demand for electric vehicles (EVs). LG Chem’s 60,000-ton-a-year cathode plant will start production in 2026 with an aim [...]
SEOUL, Dec. 17 (Korea Bizwire) – Lotte Fine Chemical Co. said Saturday it has imported 5,500 tons of urea for vehicles from Vietnam, a move expected to help ease concerns over urea supplies following China’s export suspension. The amount is the largest with regard to an inbound shipment, since China suspended customs procedures for urea [...]