Korea Joongang Daily
Korea JoongAng Daily

Posco Future M wins EV battery materials supply contract from Japan

Posco Future M, the battery materials unit of steel giant Posco Holdings, said Friday it has secured an electric vehicle (EV) battery materials supply contract from a major Japanese battery manufacturer.

2025-07-11

SK On receives global safety and cybersecurity verification for battery management system

SK On became the first battery maker in Korea to earn an international Cyber Security Assessment (CSA) certification for its battery management system, the company announced Thursday.

2025-07-10

LG Energy Solution Q2 operating profits jump on strong U.S. demand

LG Energy Solution, Korea's leading battery maker, on Monday estimated that its first-quarter operating profits more than doubled from a year earlier, driven by strong sales of battery products in the United States.

2025-07-07

Believe in our ability to innovate amid tough times, Samsung SDI CEO tells employees

Samsung SDI CEO Choi Joo-sun asked employees to believe in the firm's potential to innovate and rebuild amid a difficult time for the company's EV battery business, at a ceremony celebrating the firm's 55th anniversary since its founding on Tuesday.

2025-07-01

How Trump reshaped Korea's market landscape: Shipbuilding and defense coast as EVs lose power

The Korean stock market is in the midst of a dramatic reshuffle brought on by the policies of U.S. President Donald Trump, with longstanding heavyweights bracing for a knockout blow while defense and shipbuilding firms get wind in their sails.

2025-06-25

Lithium-ion battery in fan explodes in Daegu apartment

According to Daegu Fire Department, a battery inside a cordless fan that war charging exploded at 1:06 a.m. on Monday in an apartment on the 18th floor in Namsan-dong in the city's Jung District.

2025-06-16

LG Energy bags huge battery supply deal with Chinese EV maker Chery Automobile

LG Energy Solution signed a major battery supply deal with Chinese state-owned EV brand Chery Automobile, breaking new ground as the first Korean battery company to secure a contract of this scale with a Chinese automaker.

2025-06-16

LG Energy Solution wins major EV battery deal from China's Chery Automobile

LG Energy Solution, Korea's leading battery manufacturer, said Monday it has secured a deal with China's Chery Automobile to supply cylindrical EV batteries.

2025-06-16

'Korean version of IRA' for battery makers gets a jolt from Lee Jae-myung's win

Lee Jae-myung’s victory will likely bring Korea closer to revising tax laws favorable to battery companies, dubbed the Korean version of the Inflation Reduction Act (IRA), ending months of uncertainties for domestic battery manufacturers.

2025-06-04

Korean battery makers on high alert as U.S. moves to spike EV subsidies

Korea’s battery industry is on edge after the U.S. House of Representatives passed a tax bill that would end EV subsidies as early as next year, forcing the sector to pivot in its growth strategies.

2025-05-26