POSCO Energy
Scope
Date
~
-
Leadership & Management
POSCO carries out drastic top management reshuffle
POSCO Group on Monday replaced chief executives of key seven units in a drastic overhaul of the South Korean steel-to-battery materials group to shi...
Dec 24, 2024 (Gmt+09:00)
-
Corporate strategy
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...
Dec 23, 2024 (Gmt+09:00)
-
Batteries
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
Dec 23, 2024 (Gmt+09:00)
-
Energy
LG Energy wins 7.5GWh ESS project from Excelsior Energy in US
LG Energy Solution Ltd. has landed a deal with US renewable energy infrastructure fund Excelsior Energy Capital (Excelsior) to supply a 7.5-gigawatt...
Dec 20, 2024 (Gmt+09:00)
-
Debt financing
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...
Dec 19, 2024 (Gmt+09:00)
-
Batteries
Lotte to supply advanced copper foil to Doosan for Nvidia’s Blackwell
Lotte Energy Materials Corp., a leading South Korean battery materials maker, said on Tuesday it will supply advanced copper foil to Doosan Corp.'s&...
Dec 17, 2024 (Gmt+09:00)
-
Steel
POSCO Future M develops technology to make electrode rods
POSCO Future M Co., a battery material and steel manufacturing equipment supplier, said on Thursday it has developed electrode rod manufacturing tec...
Dec 12, 2024 (Gmt+09:00)
-
Construction & Planning
Samsung E&A enters SAF EPC market with $955 mn Malaysian bioplant deal
Samsung E&A Co., the construction and engineering unit of South Korea’s top conglomerate Samsung Group, said on Wednesday it has clinched ...
Dec 11, 2024 (Gmt+09:00)
-
Energy
Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal
South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...
Dec 10, 2024 (Gmt+09:00)
-
Batteries
POSCO, Hancock seek to jointly build lithium plant
POSCO Holdings Inc. on Tuesday signed a memorandum of understanding with Hancock Prospecting, an Australian mining company, to build a plant to annu...
Dec 10, 2024 (Gmt+09:00)
-
Energy
Samsung C&T, Hitachi Energy to team up for HVDC projects
South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...
Dec 09, 2024 (Gmt+09:00)
-
Korean stock market
Korean stocks diverge: Winners, losers of Yoon’s martial law debacle
South Korean stocks showed clear divergences on Wednesday amid a mixed market outlook as President Yoon Suk Yeol’s martial law declaration, re...
Dec 04, 2024 (Gmt+09:00)
-
Batteries
LG Energy set to acquire GM’s $1 bn stake in Ultium JV plant in Michigan
South Korea’s LG Energy Solution Ltd. plans to acquire General Motors Co.’s stake in their battery joint venture plant in Lansing, Michi...
Dec 03, 2024 (Gmt+09:00)
-
Batteries
POSCO Pilbara completes Gwangyang lithium hydroxide plant
South Korea's POSCO Pilbara Lithium Solution Co., a subsidiary of POSCO Group, said on Friday the completion of its second rock-based lithium hydrox...
Dec 02, 2024 (Gmt+09:00)
-
Robotics
POSCO to buy Korean robotics firm stake for steel business
South Korea’s steel-to-battery materials conglomerate POSCO Group will invest in the leading domestic robotics company to boost its ailing ste...
Dec 01, 2024 (Gmt+09:00)
-
Business & Politics
Latvian President Rinkēvičs seeks closer ties with S.Korea in bio, defense
Latvian President Edgars Rinkēvičs, who is on a four-day working trip to South Korea, said on Friday he hopes for deeper cooperation between the two...
Nov 29, 2024 (Gmt+09:00)
-
Batteries
Korea Zinc, Hanwha to co-work on Austrailian BESS project
Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...
Nov 26, 2024 (Gmt+09:00)
-
Energy
POSCO Int'l starts commissioning of Senex Energy gas facility
South Korea's POSCO International Corp. said on Monday it has begun commissioning its first gas processing facility at Senex Energy’s Atlas ...
Nov 25, 2024 (Gmt+09:00)
-
Energy
LS Electric shares jump on $358mn HVDC transformer order news
LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...
Nov 25, 2024 (Gmt+09:00)
-
Corporate governance
LG Group affiliates unveil value-up plans
LG Group affiliates— LG Display Co., LG Innotek, LG Chem Ltd., and LG Energy Solution Ltd. —unveiled their ambitious growth strategies o...
Nov 22, 2024 (Gmt+09:00)
-
Energy
S.Korean firms bet big on US LNG market under new Trump gov't
South Korean energy and shipbuilding companies are gearing up for a swift advance into the US liquefied natural gas (LNG) market, which is expected ...
Nov 20, 2024 (Gmt+09:00)
-
Energy
LS Cable, Denmark's CIP sign LOI for floating offshore wind
South Korea's LS Cable & System Ltd. said on Wednesday that it signed a letter of intent (LOI) for offshore wind cooperation with Copenhagen Inf...
Nov 20, 2024 (Gmt+09:00)
-
Steel
POSCO shutters wire rod mill in Korea on supply glut
POSCO, the world’s seventh-largest steelmaker, said on Tuesday it has shut down a wire rod mill in South Korea as rising exports from China ha...
Nov 20, 2024 (Gmt+09:00)
-
Batteries
LG Energy to supply 2170-type cells to Bear Robotics
South Korea’s LG Energy Solution Ltd. said on Monday it has signed an initial agreement to supply cylindrical battery cells to Bear Robotics I...
Nov 18, 2024 (Gmt+09:00)
-
Electric vehicles
Korean EV, battery makers to suffer from Trump’s plan to end incentives
WASHINGTON/SEOUL — US President-elect Donald Trump’s transition team is seeking to eliminate federal incentives for electric vehicles, d...
Nov 15, 2024 (Gmt+09:00)
-
Batteries
LG Energy bags 8-GWh ESS deal from Terra-Gen in US
LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...
Nov 14, 2024 (Gmt+09:00)
-
Tech, Media & Telecom
LG Uplus tests energy efficiency tech for 6G network
South Korea’s LG Uplus Corp. said on Tuesday it tested the All-Photonic Transport Network, a key technology designed to reduce power consumpti...
Nov 12, 2024 (Gmt+09:00)
-
Batteries
SpaceX to use LG Energy batteries for Starship rocket
Spacecraft manufacturer SpaceX, led by Elon Musk, will use LG Energy Solution Ltd.'s batteries for its next-generation Starship rocket, marking its ...
Nov 11, 2024 (Gmt+09:00)
-
Corporate restructuring
Korean steel giant POSCO to sell Chinese JV PZSS amid US-China trade war
South Korean steel giant POSCO Holdings Inc. is seeking to sell its entire stake in a Chinese stainless steel joint venture as it faces growing comp...
Nov 08, 2024 (Gmt+09:00)
-
Batteries
LG Energy to supply EV batteries to Rivian in $6.7 bn deal
LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manu...
Nov 08, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand