Batteries

LG Energy supplies batteries to world’s largest ESS project

South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US power company Vistra Corp. LG Energy Solution, the secondary battery affiliate of LG Chem Ltd., said on Thursday it has completed th

E-commerce

Coupang shifts leadership to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. Sources also report that the e-commerce company is making plans to enter Malaysia and Taiwan. According to Coupang on June 17, the c

EV partnership

Kia, Uber form electric mobility partnership in Europe

South Korea’s second-largest automaker Kia Corp. has forged a partnership with Uber Technologies Inc. to supply electric vehicles in Europe for the US-based ride-hailing company. Under the partnership, Kia will offer Uber drivers in 20 European markets deals on buying, lea

ESG

GS is Korea’s 1st firm to buy carbon-neutral crude oil

GS Group has become South Korea’s first business group to purchase carbon-neutral crude oil, in a move to strengthen its ESG efforts. South Korea’s major oil company GS Caltex, a 50:50 JV set up by America’s Chevron and GS Energy, a GS Holdings subsidiary, said on June 17 that it bought 2 million barrels of carbon-neutral crude oil from Sweden’s Lundin Energy.   Lundin’s crude oil that GS Caltex is purchasing