Hanwha Chemical is advancing into the eco-friendly plasticizer market with its newly developed plasticizer ECO-DEHCH, the company said Wednesday. Plasticizers are additives that increase plasticity, often used in PCV applications. Hanwha Chemical’s new plasticizer is free of phthalates, unlike conventional plasticizers that include phthalates, which are chemicals harmful to humans, the company ...

LG MMA, South Korea’s biggest methyl methacrylate manufacturing company, said Wednesday it will invest some 130 billion won ($116 million) to expand its facility to meet growing demand for MMA. MMA is a chemical compound used for manufacturing acrylic glass, which is needed in the production of electronics such as mobile phone screens, LCD screens and monitors among others. LG MMA expects its a...

SK Innovation said Tuesday it will focus on battery and chemicals businesses as its future growth engines, expanding investment and continuing to seek merger and acquisition opportunities. “SK Innovation aims to build a more sustainable profit structure through the choice and focus strategy,” SK Innovation CEO Kim Jun said Tuesday, during a press conference held at the company’s headquarters in ...

The state-run Korea Electric Power Corporation, the nation’s sole electricity provider, has maintained its strong presence in the Forbes Global 2000, the business magazine’s annual list of the biggest 2,000 public companies in the world, Kepco said Sunday. In this year’s list, Kepco ranked 138th, while placing second in the electric utilities sector. Kepco has also topped all other Asian electri...

Tech behemoth Samsung Electronics on Thursday opened its Galaxy Studio at Bank Gallery, located in Omotesando, Tokyo, the company said Sunday, ahead of the planned launch of its Galaxy S8 next month. Samsung Electronics will hold a series of promotional events at its newly opened studio through July 3, the company added. At the studio, customers will have hands-on experience of Samsung‘s latest...

General Electric has joined a next-generation power supply development project named Energy Valley Project led by Korea Electric Power Corp. in Naju, South Jeolla Province. The two firms held a launch event Thursday for the GE “Bitgaram” office that will provide GE legal and technical support. Kepco CEO Cho Hwan-eik and GE Energy Connections CEO Russell Stokes participated in the event to discu...

The Korea Herald is publishing a series of articles delving into the economic policies and tasks expected of the new Moon Jae-in administration. This is the eighth installment -- Ed. In a major turn from the past government’s recommendation of using diesel-powered vehicles that were initially touted to be eco-friendly since around 2008, Korea has been moving to slash the number of them as a way ...

LS Cable & System Asia has signed a supply contract worth $10 million with Dong Energy, a Danish state-controlled utility and offshore wind farm developer, the company said Thursday. LS C&S Asia‘s supply contract is part of the $35 million deal made between its parent company LS Cable & System and Dong Energy in April 2016. With the contract, LS C&S Asia is to provide power cables to the Europe...

Demands are rising among apartment residents to set up solar panels in their complexes since the government started to offer more subsidies for the installation costs last year. The Seoul Metropolitan City Government said Friday that 3,793 apartment units finished installing solar panels during the first four months of this year, compared with 846 in the same period last year. “Compared with la...

South Korea’s energy companies are on alert, as President Moon Jae-in appears determined to carry out his pledge to cut fine dust emissions by 30 percent by reducing the number of coal-fired power plants. On Monday, Moon ordered the temporary shutdown of outdated coal-fired plants aged 30 years or over. As such, 10 of the nation’s 59 coal-fired plants, located in the Gangwon, South Jeolla, South...

GS Caltex held its 50th anniversary event Thursday at GS Tower in Gangnam, Seoul, celebrating achievements the company made over the past five decades. GS Caltex Chairman Huh Jin-Soo encouraged employees to prepare for the next 50 years to come in his speech. Korea’s first private-sector oil refiner GS Caltex was founded in 1967 as Honam Oil Refinery. It changed its name to LG Caltex in 1996 an...

Incheon International Airport became the first public corporation to join South Korea’s newly elected President Moon Jae-in in creating quality jobs by launching a task force, the company said Monday. On the back of the president’s visit to the airport last week, the airport’s CEO Chung Il-young held an urgent board meeting Sunday and decided to create a team that would set out to scrap its cont...

SK Networks Chairman Choi Shin-won became the first recipient of the United Way Global Philanthropy Award, the company said Sunday. Choi received the award during the Community Leaders Conference held by United Way Worldwide in Orlando, Florida, Tuesday to Friday. UWW is one of the world‘s largest charities, currently with a network of some 1,800 affiliates globally. “We have great faith in th...

South Korea’s No. 2 automobile manufacturer Kia Motors’ combined sales of its K-series surpassed 5 million units, the company said Sunday. The accumulated overseas sales of the series reached 4.1 million, while domestic sales marked some 920,000 units, as of April this year, it said. Of the total 4.1 million overseas sales, 1.28 million units were manufactured in South Korea. The K-series has ...

South Korea’s leading cable manufacturer LS Cable & System has developed movable overhead power cables for trains, the company said Thursday. Overhead rigid conductor systems, like the new cables developed by LS, hold wires above railways to transmit electricity to electric trains. But conventional cables can get in the way of loading and unloading freight from trains, LS Cable & System spokespe...