Korean battery materials producer Posco Future M has partnered with Japanese automaker Honda Motor to create a joint venture focused on producing cathode materials for electric vehicle batteries in the Canadian province of Ontario to bolster the supply chain for electric vehicles in North America. Under the agreement signed Thursday, the joint venture will supply cathode materials directly to Honda for use in the production of electric vehicle batteries across the continent. They plan to finaliz

Industry April 26, 2024

Since mid-March, Korea's leading shipbuilders have seen a significant uptick in their stock prices. Despite a sluggish start to the year due to a saturated order book and limited production capacity, renewed optimism has emerged among investors, possibly due to the anticipated benefits from escalating trade tensions between the US and China, along with the depreciation of the Korean won. Whether the trade war is the exact cause is unclear, particularly due to limited American purchasing pow

Mobility April 25, 2024

SK Leaveo, a subsidiary of South Korean chemical giant SKC specializing in biodegradable materials, has formed a partnership with paper product manufacturer KleanNara to create a new line of biodegradable hygiene products, starting with eco-friendly wet wipes. Under a newly signed agreement on Wednesday, SK Leaveo and KleanNara will focus on producing hygiene products that are not only sustainable but also practical for everyday use. The collaboration aims to harness new materials such as poly

Industry April 24, 2024

LG Energy Solution announced new stringent policies Wednesday to address rampant patent infringements by what it describes as "patent free-riders." The nation's top battery maker plans to enforce its intellectual property through legal actions and promote equitable competition by contributing to a legitimate battery patent licensing market. This decision comes in response to an increasing number of companies -- both new entrants and established manufacturers -- exploiting LG Energ

Industry April 24, 2024

Hyundai Motor Company launched its new ST1 series of electrified, purpose-built vehicles for commercial use on Tuesday, aiming to diversify and enhance the efficiency of commercial vehicles for both logistics applications and beyond. An open API-based software platform -- a first for Hyundai vehicles -- is a standout component of the series, which expands the possibilities of today's commercial vehicles by providing the exact telematics data that each business user needs. The unveiling too

Mobility April 24, 2024

Samsung SDI is exhibiting its next-generation "super-gap" battery technologies, including all-solid-state batteries and ultra-fast charging solutions, at the 37th Electric Vehicle Symposium & Exposition in Seoul from Tuesday, where it plans to show its ongoing progress in achieving future commercial availability. The event, known colloquially as the "World EV Olympics," has been a key international platform for electric mobility since its inception in 1969. This year mark

Mobility April 23, 2024

BMW Group officially opened the doors to its expanded research and development center in Korea in Cheongna International City on Monday. This transformed facility, originally launched in 2015 within the BMW Driving Center premise on the nearby island of Yeongjongdo, has now moved and evolved into a comprehensive, standalone R&D center dedicated to advancing BMW's innovations outside of Europe, alongside its centers in the US, China, Japan, and Brazil. The BMW Group R&D Center Korea

Mobility April 22, 2024

LG Innotek has clinched a silver Edison Award for its ultra-thin optical telephoto zoom camera module for smartphones, marking its second consecutive Edison win, the company said Sunday. The module, which allows for 3x to 5x magnification, brings what the company describes as near-DSLR-quality optical zoom in a single compact unit. First commercialized in 2022, this innovation enhances image quality and spares internal device space for other components. The core of this technology is the Zoom Ac

Technology April 21, 2024

SK On, one of Korea’s leading electric vehicle battery manufacturers, has been awarded a Bronze at the 2024 Edison Awards for its innovative cobalt-free battery. The award, presented last Thursday, represents SK On's ongoing efforts to combine advanced technology with sustainable practices in the EV industry. The development of the cobalt-free battery by SK On is a notable breakthrough, addressing the critical challenges traditionally associated with cobalt use in batteries. Cobalt, w

Industry April 21, 2024

HD Korea Shipbuilding & Offshore Engineering said Sunday it has partnered with Korea East-West Power and the Korea SMEs and Startups Agency to launch a joint initiative to reduce greenhouse gas emissions in the shipbuilding industry. The collaboration, inked at the HD Hyundai Global R&D Center, supports small to medium-sized shipyard suppliers. The program will swap outdated air compressors for high-efficiency units, potentially reducing annual emissions by 30 to 60 metric tons per devic

Industry April 21, 2024

Traditionally dominated by Japanese manufacturers like Toyota and Honda, the hybrid vehicle sector is now seeing renewed interest from global automakers looking to improve profitability amid delayed growth of pure electric vehicle sales. Among them, Hyundai Motor Group stands out as one of the few key competitors with robust full hybrid electric vehicle technology. This positions Hyundai uniquely as one of the few automakers to profit from increasing hybrid sales as it navigates the transitional

Mobility April 18, 2024

Renault Korea on Tuesday outlined a brief history of its iconic “lozenge” emblem, revisiting its evolution following the company's rebranding earlier this month. The rebranding replaced the "storm’s eye" logo used exclusively by its Korean branch since 2000 with Renault's original diamond-shaped lozenge emblem. The diamond-shaped logo is prominently featured at the company's new flagship store in Seongsu-dong, Seoul, where the rebranding announcement to

Mobility April 16, 2024

Doosan Robotics has teamed up with LG Electronics to test an automated electric vehicle charging system that uses its advanced collaborative robots to streamline the EV charging process. This system combines LG’s 100-kilowatt fast chargers with Doosan’s high-dexterity collaborative robotics tech to replace the manual process of handling bulky charging cables that drivers often find cumbersome. The companies started a pilot operation for their new automated EV charging station last Th

Mobility April 16, 2024

BMW Group Korea said on Monday that in 2023, BMW Group’s global spending on parts sourced from Korean suppliers totaled approximately 6.53 trillion won ($4.72 billion), surpassing its own sales figures within the country for that year. The global group’s procurement from Korean suppliers increased by 25 percent compared to 2022, and even exceeded the Korean branch’s sales revenue, which was around 6.10 trillion won last year. Major contributors to this supply chain include dome

Mobility April 15, 2024

Korea, home of the world’s third-largest automaker, Hyundai Motor Group, finds itself at a critical juncture as the rise of Chinese-made electric vehicles in the domestic market poses a complex challenge: how to protect national interests while embracing the inevitable shift toward electrification. Unlike the United States and the European Union, which perceive Chinese EVs as a grave security threat, experts argue Korea should adopt a more nuanced regulatory strategy. This involves refinin

Mobility April 15, 2024