Posco International and LX International said Wednesday that they have teamed up to complete a new massive LNG terminal in Dangjin, South Chungcheong Province, by 2027. The two companies signed an agreement the same day with the city and provincial governments to expedite the project. The Dangjin LNG Terminal will be located on a 193,000-square-meter site at a port in the city of Dangjin. The s...

SK Networks' US investment subsidiary, Hico Capital, announced Wednesday that it will pursue a partnership with global venture capital firm Bow Capital as part of efforts to nurture promising startups and bet on their growth potential. The latest partnership comes after their top executives, including SK Networks President and Chief Operating Officer Choi Sung-hwan and Bow Capital Chairman Vivek...

The American Chamber of Commerce in Korea hosted the AmCham ESG Seminar 2023 on Wednesday to provided a platform for attendees to discuss the latest trends and best practices related to environmental, social and governance issues. "In light of AmCham's mission to establish Korea as a regional headquarters in the Asia Pacific, we recognize the immense potential of ESG in driving innovation and va...

Merck said Wednesday it introduced new barrier materials that offer superior flexibility, higher reliability and longer lifespan in flexible OLED devices, when compared to existing solutions. Fully flexible OLED displays utilized in foldable, rollable and stretchable devices require a reduction of about 60 percent of the display module’s thickness when compared to standard displays. But because ...

The mobile webpage of Naver, South Korea’s largest online portal, suffered a brief service disruption early Wednesday after North Korea launched what it called a military reconnaissance satellite. According to Naver, its the server went down for about five minutes, from 6:43 a.m. to 6:48 a.m. due to high traffic, soon after the Seoul Metropolitan Government issued an emergency alert text message...

Finding a right local partner, enhancing brand awareness in overseas markets remain as crucial tasks

SEJONG -- South Korea's customs agency said Wednesday it has apprehended a group of five people who had exported an industrial product suspected of infringing a patent owned by the leading steelmaker Posco. The Korea Customs Service said it has forwarded the suspects to prosecutors for shipping four units of "air knife," which were produced by allegedly stealing Posco's patented technology, to a...

South Korea's semiconductor industry, which has been experiencing repeated downturns since August last year, is expected to revive in the latter half of the year, a Korean trade lobby group said on Tuesday. “I anticipate that our semiconductor industry will recover, reaching the level of the second quarter of last year by the fourth quarter. I expect that production cutbacks will be reversed and...

Chinese propaganda media urges Korean chipmakers to fill up gap of US chipmaker

Battery materials plant in Quebec planned under joint venture project between Posco Future M and GM

South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices. Under the plan passed at the Cabinet meeting, South Korea will lift tariffs on 45,000 tons of pork and 10,000 tons of mackerel starting in early June, according to the Ministry of Economy and Finance. "This year, the over...

The proportion of female executives at South Korea's major companies came to 7 percent in the first quarter of 2023 following last year's implementation of a related law, a corporate tracker said Tuesday. The number of female executives at 349 out of the country's top 500 firms by sales reached 997 at end-March, accounting for 6.8 percent of the total 14,718, according to the Leaders Index. The...

After decades of English names, retailers put spotlight on Hangeul as key marketing strategy

Posco International said Monday it has signed a contract with Faru Graphite Corporation, a Tanzanian subsidiary of Australian mining company Black Rock Mining, to be supplied with natural graphite, a key material for rechargeable batteries. This comes as part of the trading and energy company’s full-fledged efforts to secure a global value chain for battery materials for electric vehicles. Unde...

As the economic value of apartments equipped with fancier community facilities is expected to gradually increase here, Monoplexes are also gaining popularity. This is especially true of hotels, where the use of existing spaces can lead to additional revenue, and office spaces, which can be renovated with screens for employees to give presentations or watch movies. On evenings or weekends, they ca...