Automotive
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[FOCUS] Premature concerns grow over low-cost offensive by Chinese electric vehicles
SEOUL -- There has been no change in the public perception of cheap Chinese products that have largely failed to satisfy picky South Korean consumers so far. However, premature concerns are growing in the domestic car industry that Chinese electric vehicles may make quick inroads by pouring out various models and with their low-cost offensive based on the economy of scale achieved on their home turf. Experts recommend a major overhaul of subsidies to prevent Chinese and other import
August 4, 2022 -
SK nexilis acquires technology to produce ultra-high strength copper foil
SEOUL -- SK nexilis, a subsidiary of SKC, a chemical material unit of South Korea's SK Group, has acquired technology to produce an ultra-high strength copper foil product for electric vehicle batteries. The new product can withstand more than twice the pulling force compared to existing standard products. Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-
August 2, 2022 -
POSCO Chemical secure new contract from GM to supply cathode materials for high-nickel batteries
SEOUL -- POSCO Chemical secured a new three-year contract worth 13.7 trillion ($10.5 billion) from General Motors to supply cathode materials for high-nickel batteries to GM's joint venture with LG Energy Solution, a major battery maker in South Korea. Cathode materials produced at POSCO Chemical's domestic plant in the southern industrial port city of Gwangyang will be shipped from 2023 to the GM-LG joint venture, Ultium Cells. POSCO Chemical and GM have agreed to buil
July 28, 2022 -
LG Electronics ties up with SoundHound to develop advanced voice AI technology for in-vehicle infotainment systems
SEOUL -- LG Electronics tied up with SoundHound, a U.S. audio and speech recognition company, to jointly develop advanced voice AI technology for new in-vehicle infotainment systems, which are seen as the heart of connected cars that provide various features such as navigation, self-diagnostics, entertainment and vehicle controls. LG Electronics has signed a memorandum of understanding with SoundHound. The partnership will leverage LG’s innovative in-vehicle infotainment (IV
July 28, 2022 -
Hyundai joins hands with state research bodies to develop lunar exploration mobility
SEOUL -- South Korea's Hyundai auto group formed a consultative group with six prominent state research bodies to carry out a joint study on the development of lunar surface exploration mobility. The move came ahead of the planned launch of South Korea's first lunar orbiter on SpaceX's Falcon-9 at Cape Canaveral Air Force Station in Florida. While developing technologies required for lunar exploration mobility, the consultative body will consider specific strategies a
July 27, 2022 -
LG Uplus consortium selected by Busan to carry out UAM demonstration
SEOUL -- A consortium involving LG Uplus, a mobile carrier in South Korea, will carry out demonstration projects in the southern city of Busan using its marine infrastructure with the aim of commercializing urban air mobility, an ecosystem covering personal air vehicles and infrastructure, in 2026. LG Uplus (LGU+) said that the consortium has signed a business agreement with the Busan city government, two military units including a naval fleet command and other organizations to comm
July 27, 2022 -
Research body develops train-to-train communication technology for autonomous driving
SEOUL -- South Korea's state-run railway research body has developed a train-to-train communication technology, opening the way for the commercialization of an autonomous driving system that allows trains to judge operation conditions by themselves. A train autonomous driving system is an intelligent train control technology that directly communicates between trains to recognize the operation situation in real-time for safety. The Korea Railroad Research Institute (KRRI) claimed
July 26, 2022 -
LGES agrees with Huayou Cobalt to establish battery recycling joint venture in China
SEOUL -- LG Energy Solution, the battery-making wing of South Korea's LG Group, will establish a joint venture with its Chinese partner, Zhejiang Huayou Cobalt to extract and recycle core materials from waste batteries. The deal comes on the heels of soaring prices in battery-grade minerals such as nickel, cobalt, manganese and lithium. LG Energy Solution (LGES) said it has signed a memorandum of understanding with Huayou on the establishment of a battery recycling joint
July 26, 2022 -
SK On and Ford to build cathode plant in North America to bolster battery cooperation
SEOUL -- Through joint investment, SK On, a major battery maker in South Korea, and its American partner, Ford, will build a cathode plant in an undecided location in North America to secure a stable supply of core materials for electric vehicle batteries. SK On said it has signed a letter of intent with Ford and EcoPro BM, a leading producer of core materials for batteries in South Korea, for joint investment in the production of a cathode plant. Construction is to begin in the se
July 22, 2022 -
Hanhwa Group reveals aggressive strategy to preempt air mobility technologies
SEOUL -- South Korea's Hanhwa Group revealed an aggressive strategy to preoccupy a future air mobility market by forging a series of partnerships with foreign companies with superior technologies in the manufacturing of various flying vehicles that could be used for air taxis and personal air vehicles. The Farnborough International Airshow, a trade exhibition in England, provided a crucial opportunity for Hanwha Group units to forge partnerships with foreign companies such as
July 21, 2022
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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Seoul's bus labor union launches strike for first time in 12 years
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Turkish automotive association seeks partnership with S. Korean companies
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US political turmoil reflects our wider society – in 2024 and earlier elections
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S. Korean mobility solution company targets historical city as gateway to Viet Nam
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks