Sharp rise in tungsten prices stokes concerns over chip material supply disruptions

A sharp rise in tungsten prices is stoking fresh concerns over supply disruptions in the global semiconductor industry, coming on the heels of a rec...

Hyundai Steel targets 30% global auto customers by 2030 with new steel

Hyundai Steel Co., South Korea’s second-largest steelmaker, plans to mass-produce a newer, upgraded automotive steel in the first quarter at t...

SK On to build fully ‘Made In Korea’ LFP batteries for ESS to cut reliance on Chinese materials

SK On Co., a major South Korean battery maker, plans to launch lithium iron phosphate (LFP) batteries built almost entirely from domestic components...

Korean steelmakers raise prices, widening gap with Chinese steel

South Korea’s steelmakers are raising prices across major products as surging import prices of raw materials, compounded by a weaker won, push...

Tribunal procedural flaws led to Korea’s annulment win vs Lone Star: Arnold & Porter

South Korea’s rare victory against Lone Star in annulling an investor-state arbitration award turned on procedural flaws that lawyers argued d...

LG Chem wins $2.6 billion cathode deal with US client

LG Chem Ltd. has secured a 3.8 trillion won ($2.6 billion) contract to supply cathodes, a key material in lithium-ion batteries, to a US customer, S...

Tesla courts Korean battery materials suppliers as it ramps up in-house cell production

Tesla Inc., one of the world’s top electric vehicle makers, is strengthening ties with South Korean suppliers of key battery materials such as...

CATL chief to meet Hyundai Motor head, CEOs of Korean rivals, battery materials firms

Robin Zeng, founder and chairman of Chinese battery manufacturer Contemporary Amperex Technology Co. (CATL), is expected to discuss partnership with...

Korea’s battery materials maker Enchem scraps $143 mn US plant plan

Enchem Co., a South Korean battery materials maker, has scrapped its plan to invest $143 million to build a plant in the US due to the protracted do...

S.Korea’s battery materials sector shows 1st signs of recovery

South Korea’s exports of rechargeable-battery materials rose for the first time in more than two years, buoyed by brisk demand for energy stor...

POSCO, ReElement look to build integrated rare earth, magnet production plant in US

POSCO International Corp. has signed a memorandum of understanding (MOU) with ReElement Technologies LLC to cooperate on building an integrated rare...

LG Chem to raise up to $2.2 bn in Korea’s largest PRS deal, backed by LG Energy stake

South Korea’s leading chemicals maker, LG Chem Ltd., has set out to raise as much as 3 trillion won ($2.2 billion) through a stock-linked fina...

Posco Future M ships 1st cathodes made with domestic precursors to Ultium Cells

POSCO Future M Co., South Korea’s leading battery materials maker, has begun shipping cathode materials entirely produced with domestically so...

LG Chem sells dermal filler business to VIG Partners for $144 mn

South Korea’s leading chemical company LG Chem Ltd. has agreed to sell its dermal filler business to the country’s major buyout fund VIG...

Bain Capital set to acquire HS Hyosung Advanced Materials' tire cord business

US private investment firm Bain Capital is poised to acquire HS Hyosung Advanced Materials Corp.'s tire steel cord business in a deal estimated...

POSCO Future M breaks with China in cathode supply chain

GWANGYANG, SOUTH JEOLLA – POSCO Future M Co., South Korea’s leading battery materials maker, has secured itself a China-free cathode mat...

POSCO Future M to raise $771 million to bolster battery materials business

POSCO Future M Co., South Korea’s leading battery materials maker, is set to raise 1.1 trillion won ($771 million) through a rights offering a...

LG Chem unveils precursor-free cathode material for batteries

LG Chem Ltd. is set to become the first South Korean company to mass-produce precursor-free cathode materials, designed for high- and mid-nickel bat...

POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors

South Korea’s POSCO Holdings Inc. said on Monday it plans to sell 61 unprofitable and non-core assets to raise 1.5 trillion won ($1 billion) a...

HS Hyosung Advanced Materials seeks to sell tire steel cord business

South Korea’s HS Hyosung Advanced Materials Corp. is seeking to sell its tire steel cord business to secure funds for its new growth ventures ...

POSCO Holdings unveils aggressive value-up plan, hike in cash dividends

South Korea’s steel-to-battery materials conglomerate POSCO Group on Monday unveiled a spate of corporate value-up measures, including a highe...

POSCO to raise up to $691 million as next year’s 1st corporate bond issuer

South Korea’s steel-to-battery materials conglomerate POSCO Group plans to raise up to 1 trillion won ($691 million) in the country’s fi...

GC Biopharma acquires ABO Holding for $96 mn

South Korea’s GC Biopharma Corp. said on Thursday it acquired the US-based medical-grade source blood plasma company ABO Holding Inc. The...

LIG Nex1, Electroninks to team up for component materials

South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...

Hyundai Mobis develops leaf spring with advanced materials

South Korea's Hyundai Mobis, the world’s fifth-largest auto parts supplier, said on Monday that it developed a leaf spring using lightweight p...

MSCI Korea Index adds Hyundai Rotem

MSCI announced on Wednesday that South Korea's Hyundai Rotem Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index. ...

HD Hyundai OCI supplies recycled tire materials to Hankook Tire

HD Hyundai OCI, the petrochemical affiliate of HD Hyundai Oilbank, said on Tuesday it started to supply Hankook Tire & Technology with recycled ...

DS Dansuk wins $750 mn SAF material order from Phillips 66

South Korea's DS Dansuk Co., which operates bioenergy, battery, and plastic recycling businesses, said on Monday it signed a 1 trillion won ($750 mi...

LG Chem opens Europe Innovation Center in Germany

South Korea's LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, said on Sunday the opening of its Europe Innovation Center in F...

LG Chem targets functional cosmetics market with bio-materials

LG Chem Ltd., the world’s fourth-largest chemicals manufacturer, is targeting the functional cosmetics market with bio-materials derived from ...