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Biz & Tech

Energy

Sat, September 19, 2020 | 21:50

LG Chem struggles to soothe investor anger over battery spinoff

LG Chem struggles to soothe investor anger over battery spinoff

LG Chem is struggling to assuage investors' anger over its decision to spin off its battery business, with chief financial officer (CFO) promising the company will still own at least a 70 percent stake in the battery unit even after it goes public.

Nam Hyun-woo | 2020-09-18 17:08

LG Chem spins off battery biz, names it LG Energy Solution

LG Chem spins off battery biz, names it LG Energy Solution

LG Chem said Thursday it will spin off its rechargeable battery business Dec. 1, under the new name LG Energy Solution.

Nam Hyun-woo | 2020-09-17 16:52

Doosan makes strides in normalizing businesses

Doosan makes strides in normalizing businesses

Doosan Group is making strides in reorganizing its portfolio to prioritize future-oriented businesses, casting a rosy outlook on the possibility of the group's fast exit from the state bailout program.

Nam Hyun-woo | 2020-09-16 17:02

SK E&S consortium to invest W2 tril. for Saemangeum power project

SK E&S consortium to invest W2 tril. for Saemangeum power project

A consortium led by SK E&S will invest 2 trillion won ($1.7 billion) to set up an industrial complex in the Saemangeum area in North Jeolla Province, in return for winning a license to build and operate a floating solar farm in the reclaimed area.

Nam Hyun-woo | 2020-09-16 16:32

Hanwha Group Chairman likely to resume management next year

Hanwha Group Chairman likely to resume management next year

Hanwha Group Chairman Kim Seung-youn could return to management of the conglomerate as early as February next year after over seven years of absence. Many expect Kim to manage key Hanwha affiliates including Hanwha Corporation as a registered board member. Now, all eyes are on how the return of the chairman could affect the future managerial succession of his eldest son Kim D...

Kim Hyun-bin | 2020-09-09 17:19

Hanwha Group rises on Moon's Korean New Deal

Hanwha Group rises on Moon's Korean New Deal

Hanwha Group is enjoying a sharp rise in the share prices of its units, as investors are betting high on them over expectations for President Moon Jae-in's Korean New Deal policy package, which invests heavily in renewable energy.

Nam Hyun-woo | 2020-09-08 17:19

Doosan speeds up disposal of affiliates but future still in the dark

Doosan speeds up disposal of affiliates but future still in the dark

Doosan Group is trying to speed up the process of raising 3 trillion won through the selling off affiliates and assets in order to get a state bailout to save its flagship power equipment unit. The move puts Doosan's future at risk as it sells off its few remaining profitable businesses.

Kim Hyun-bin | 2020-09-04 15:58

Hyundai Glovis partners up with Norwegian shipper for eco-friendly biz

Hyundai Glovis partners up with Norwegian shipper for eco-friendly biz

Hyundai Glovis agreed with Norwegian shipping group Wilh. Wilhelmsen Holdings ASA on concerted joint efforts for shipping eco-friendly energy resources such as liquefied natural gas (LNG) and hydrogen, the Korean company said Thursday.

Nam Hyun-woo | 2020-09-03 15:16

Korea to object to British court's interim charging order over failed MA deal

Korea to object to British court's interim charging order over failed MA deal

South Korea said Thursday that it will present its objections to a recent British court ruling in a case over a failed takeover of Daewoo Electronics by Iran's Dayyani family. The move came after the High Court of Justice in Britain granted the Dayyani family an interim charging order against shares of Dana Petroleum, a wholly owned subsidiary of South Korea's state-run Korea...

2020-09-03 15:06

Hyundai Oilbank develops oil leak detection system

Hyundai Oilbank develops oil leak detection system

Hyundai Oilbank has developed an oil leak detection system that can prevent contamination in the ground beneath gas stations, the oil refiner said Sunday.

Baek Byung-yeul | 2020-08-30 16:56

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