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19 Aug South Korean Steel Giant POSCO Raises USD1.3bn through Convertible Green Bonds

Posted at 11:42 by Maria Ma

South Korean steelmaker POSCO [005490:KS] raised USD1.3bn by issuing convertible green bonds with a five-year maturity and zero-coupon rate on August 13, according to The Korea Economic Daily reported on August 15. This was the largest convertible bond released by South Korean companies, with JPMorgan...

02 Aug Hyundai, LG Energy Solutions Collaborate in USD1bn EV Battery Investment Plan

Posted at 11:10 by Maria Ma

Hyundai Motor Group (HMG) and LG’s [003550:KS] battery subsidiary LG Energy Solutions (LGES) on July 29 announced to establish a 50-50 joint venture (JV) for an electric vehicle (EV) battery factory in Indonesia with a combined investment of USD1.1bn, as reported by Reuters on the...

30 Jul South Korean Naver Exposed with Over Half of Employees Bullied at Work

Posted at 11:59 by Edward Chen

A recent survey by South Korea’s Ministry of Employment and Labor found that over half of employees at Naver [035420:KS], the country’s leading internet giant, had been bullied at work at least once in the past six months, reported The Korea Herald on July 28....

28 Jul LG Display to Use 100% Renewable Energy for All Offices

Posted at 14:01 by Maria Ma

LG Display [LPL:US], a subsidiary of South Korean conglomerate LG [003550:KS] that focuses on manufacturing display panels, announced on July 26 that its business offices will use all renewable energy, as reported by the Korea Economic Daily later that day. After the announcement, renewable energy...

21 Jul South Korean POSCO’s Australian Coal Pending Final Decision by Local Commission

Posted at 13:48 by Edward Chen

Hume Coal, a subsidiary of South Korean steel manufacturer POSCO’s [005490:KS] Australia affiliate, is awaiting the final words of the New South Wales (NSW) Independent Planning Commission (IPC) on the establishment of its controversial Hume Coal Project, as reported by ABC News on July 14....

16 Jul South Korea Expands Investments in Green Industries and Digital Infrastructure

Posted at 10:31 by Edward Chen

South Korea recently renewed its New Deal initiative to incorporate more investment in digital technology and green energy, as reported by The Korea Herald on July 14. During a televised address earlier that day, President Moon Jae-in said that the government would expand its earlier...

15 Jul Samsung SDI Considers Producing Batteries in the US

Posted at 16:32 by Sophia Lin

South Korean battery producer Samsung SDI [006400:KS] is eyeing building a battery cell plant in the US amid the rising demand for electric vehicles (EVs), according to Reuters on July 8. Although company officials have not disclosed details of the investment, a company source told...

05 Jul South Korea to Push Mega R&D Projects for Batteries

Posted at 17:12 by Edward Chen

South Korea plans to accelerate large-scale R&D projects for rechargeable batteries in the form of public-private partnerships (PPP), as reported by The Korea Herald on July 1. According to South Korea’s Finance Minister Hong Nam-ki in a meeting in Seoul earlier that day, the government...

29 Jun Samsung Teams up with KEPCO on Smart Home Energy IoT

Posted at 15:38 by Edward Chen

Samsung Electronics [005930:KS], a subsidiary of South Korean conglomerate Samsung Group, and Korea Electric Power Corporation (KEPCO) [015760:KS] signed an agreement on June 28 about a partnership to develop smart home energy solutions for customers, according to The Korea Herald on the same day. Samsung...

18 Jun South Korean SK Faces Backlash over So-called CO2-Free LNG Deal

Posted at 14:10 by Edward Chen

SK Group, South Korea’s third-biggest conglomerate and one of Asia’s top producers of chemicals and energy products, is recently accused of greenwashing an LNG project in the Barossa-Caldita gas field off the Australian coast, as reported by Financial Times on June 17. While SK claimed...

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