Posco Chemical said on Wednesday that it has built a new ‘smart factory’ that will produce refractories.The company spent 49.2 billion won to build the factory that spans 4,759 square meters. Construction started in 2020.It has a capacity produce 21,700 metric tonnes of fluorine refractories a year.

Samsung Electro-Mechanics said on Tuesday it has developed a new 3225 multi layer ceramic capacitor (MLCC) for 5G base stations.The MLCC (3.2mm horizontally, 2.5mm vertically) can be installed on the power terminal of base stations. It has a 10uF capacity and can withstand 100V.The company said it w

PI Advanced Materials said on Monday that it will pay 50% of its annual net profit this year as dividends for shareholders on December 31.The polyimide film maker has been paying over 50% of its net profit as dividends every year since 2016.As of the third quarter, PI Advanced Materials had accumula

Cosmo Chemical said on Monday that it recorded 130.7 billion won in revenue and 10.2 billion won in operating income during the third quarter this year.Revenue increased 56% year-on-year and operating income jumped 877% from a year ago.Its net income during the quarter was 3.6 billion won, a return

Hyundai Motor Group said on Thursday that it plans to launch a mobility app store dedicated to mobility services such as car sharing, parking, charging and payment.The group has formed a market place and also formed an alliance with partners, Song Chang-hyeon, president of Transportation-as-a-Servic

Cowin Tech said on Tuesday that it has clinched a new automation equipment supply deal worth 5.6 billion won.With the latest contract, it had remaining orders of 103 billion won at the current time, a company spokesperson said.It won a total of 22.2 billion won worth of new orders since October.The

Edison Motors was considering buying Chinese battery maker eTrust Power, also known as Lixin Jinagu Energy Technology, TheElec has learned.The company wants to secure a battery supply line as it is planning to mass-produce electric vehicles after it acquires SsangYong Motor, people familiar with the

The global anode market for batteries was worth US$3.2 billion in 2020 but will grow to US$14.1 billion in 2027, according to analyst firm QY Research.Silicon anode’s growth will stand out at 76.6% on average per year, accounting for 10.1% of all battery anodes in 2027, beating natural graphite’s 10

BASF has opened a center in South Korea to test polymer materials and offer support for local customers.The company said on Tuesday that it has opened Engineering Plastics Innovation Center Korea, or EPIC Korea, at Ansan.BASF recently acquired Solvay’s polyamide business, strengthening its R&D capac

Samsung SDI said on Tuesday that it recorded 3.43 trillion won in revenue and 370 billion won in operating income during the third quarter this year, an increase of 11.42% and 39.7%, respectively.The global chip shortage had caused demand for large batteries to drop, the company said.But this was of

Samsung Display is expected to manufacture 18 million units of foldable OLED panels next year, according to analyst firm UBI Research’s forecast on Sunday.The South Korean display panel maker is expected to build more foldable OLED modules line next year, the firm said.Its subsidiary Dowooinsys, whi

SKC said on Monday that it will invest US$33 million in UK’s silicon anode firm Nexeon.Together with private equity funds SJL Partners and BNW Investment, a total of US$80 million will be invested in Nexeon, SKC said.Nexeon was founded in 2006 and has technology that allows for fast and affordable p

The new CEO of LG Energy Solution has told employees that the company has the capacity to turn its recent crisis into an opportunity.Kwon Young-soo was newly named CEO and vice chairman of LG Energy Solution on Monday.He was previously the vice chairman of LG Corporation, the holding company of the

LG Electronics said on Thursday that it has recorded 18.78 trillion won in revenue and 540.7 billion won in operating profit during the third quarter.Sales is its highest for a quarter ever and an increase of 22% from the same time period in 2020.Operating profit dropped 49.6% year-on-year from its

SK Materials will be merged with its holding company SK Corporation.At the same time, its special gas business unit, which manufactures gas used in wafer fabrication, will be split off as a new company, SK Materials said on Friday.The process will be completed by December 1. SK Materials’ shares wil

SK Innovation said on Friday that it has marked 12.3 trillion won revenue and 618.5 billion won in operating income during the third quarter.Revenue increased 48% year-on-year while it returned to profitability compared to the same time period a year ago.SK Innovation credited the growth to improved

LG Chem said on Wednesday that it plans to form a joint venture with Japan’s Toray to build a battery separator factory in Hungary.The pair have agreed to form LG Toray Hungary Battery Separator Kft, with each owning half of the stakes of the new company.LG Chem will acquire 20% more stake from Tora

Kia said on Wednesday that it posted 17.75 trillion won in sales and 1.32 trillion won in operating income during the third quarter this year.It is a rise of 8.8% and 579.7%, respectively, from a year ago.The figures beat South Korean analysts’ consensus slightly.Wholesales have decreased due to pro

Woory Industrial and Hyundai Wia will collaborate to develop an e-compressor and other auto parts used in the heating system of electric vehicles, TheElec has learned.This is from Hyundai Motor and Kia reviewing potentially applying a new heating system for their future electric vehicles to increase

Hyundai Motor on Tuesday said it posted 28.86 trillion won in sales and 1.6 trillion won in operating income during the third quarter.Sales increased 4.7% from a year ago while the automobile giant returned to profitability from its loss a year ago.Hyundai recorded 1.48 trillion won in net income du