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Biz & Tech

Manufacturing

Thu, March 4, 2021 | 09:16

KGC promotes red ginseng with Kim Soo-hyun, Lee Min-ho

KGC promotes red ginseng with Kim Soo-hyun, Lee Min-ho

Korea Ginseng Corporation (KGC) is promoting its red ginseng products to overseas markets with star actors Kim Soo-hyun and Lee Min-ho.

2020-12-21 16:29

Korea may begin COVID-19 vaccination in late January

Korea may begin COVID-19 vaccination in late January

With a third wave of COVID-19 raising serious concerns over the shortage of hospital beds in the country, the government is planning to advance its first vaccination for front liners to late January, at the earliest possible date, according to local health authorities, Sunday. Government officials contacted by The Korea Times said inoculations with a vaccine developed by Oxfo...

Kim Yoo-chul | 2020-12-20 15:42

Iljin Materials to build battery plant in Hungary

Iljin Materials to build battery plant in Hungary

Iljin Materials, an electronic and chemical materials subsidiary of Iljin Group, is planning to build a copper foil plant in Hungary. According to the chemical industry and the Hungarian Ministry of Foreign Affairs, Thursday, Iljin Materials' Hungarian office head Kim Byung-chan and the local foreign minister met to discuss the construction of the factory.

Kim Jae-heun | 2020-12-18 17:48

LG Energy Solution signs MOU for Indonesian investment

LG Energy Solution signs MOU for Indonesian investment

LG Energy Solution, the battery spinoff from LG Chem, signed a memorandum of understanding (MOU) with the Indonesian government investment authority Friday for investments into the Southeast Asian country.

Nam Hyun-woo | 2020-12-18 16:33

Korea, Indonesia sign deal to boost trade, investment

Daewoong Pharm BTX set to face import ban in US

Daewoong Pharm BTX set to face import ban in US

The U.S. International Trade Commission (ITC), Thursday, ruled in favor of Medytox over Daewoong Pharmaceutical in its final decision to ban the latter from exporting its botulinum products to the U.S. for almost two years. “Daewoong Pharmaceutical's botulinum toxic strain Nabota is believed to be in violation of Article 337 of the Customs Act and we order it to be banned fro...

Kim Jae-heun | 2020-12-17 17:12

ITC favors Medytox over Daewoong in botulinum toxin strain dispute in final ruling

ITC favors Medytox over Daewoong in botulinum toxin strain dispute in final ruling

A U.S. trade panel has upheld its preliminary ruling by siding with South Korean drugmaker Medytox Inc. in a trade dispute, saying its local rival Daewoong Pharmaceutical Co. copied the manufacturing process of a botulinum toxin strain, industry officials here said Thursday.

2020-12-17 11:13

US Congress members urge LG, SK to settle EV battery dispute

US Congress members urge LG, SK to settle EV battery dispute

Three U.S. House of Representatives members have called on LG Energy Solution and SK Innovation to come to a settlement in their ongoing legal feud over an industrial a trade secret case. Reps. Earl Carter and Sanford Bishop from Georgia, and Rep. Chuck Fleischmann from Tennessee urged LG Energy Solution and SK Innovation to reach a “workable, amicable and accountable resolut...

Kim Hyun-bin | 2020-12-14 17:06

LG Chem to purchase renewable energy from China for carbon neutrality

LG Chem to purchase renewable energy from China for carbon neutrality

LG Chem is making strides to transition swiftly into an eco-friendly company and fulfill its goal to become carbon-free by 2050. Adding to hype, the company has inked a deal with Jiangsu Runfeng New Energy, a Chinese solar and wind electric power company, Sunday, to receive energy from renewable sources to power its Leyou New Energy Materials cathodes plant in Wuxi, a city in...

Kim Hyun-bin | 2020-12-13 16:08

POSCO seeks W30 tril. sales in hydrogen business by 2050

POSCO seeks W30 tril. sales in hydrogen business by 2050

POSCO will achieve 30 trillion won in sales from its hydrogen business by 2050, as part of the steelmaker's carbon neutrality strategy, the company said Sunday

Nam Hyun-woo | 2020-12-13 16:03

LG Chem to purchase renewable energy from China for carbon neutrality

$Hyundai Heavy picked as preferred bidder for Doosan Infracore$

Hyundai Heavy picked as preferred bidder for Doosan Infracore

South Korea's power plant builder Doosan Heavy Industries Construction Co. said Thursday that it has tapped a consortium led by Hyundai Heavy Industries Holdings Co. (HHIH) as the preferred bidder for the sale of its 35.4 percent stake in Doosan Infracore Co.

2020-12-11 11:40

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