Korea Joongang Daily
Korea JoongAng Daily

Korea to offer over $28.8B of financial support for battery industry

The government will give more than 38 trillion won ($28.8 billion) of financial support to the rechargeable battery industry over the next five years to help boost the competitiveness of the sector, the Finance Ministry said Wednesday.

2023-12-13

Government vows to fix urea crisis amid public doubts

The Korean government has vowed to double its stockpile of urea in response to China's recent export curbs. Critics remain unconvinced, citing its previous failures to secure a sufficient supply of the chemical compound.

2023-12-06

Korea's reliance on China for minerals grows despite U.S. warnings

Korea's reliance on China for key minerals has increased, with 25 out of 33 imported strategic minerals having China as one of the main sources.

2023-10-15

Yoon, Trudeau agree to deepen partnership in critical minerals, youth exchanges

President Yoon Suk Yeol and Canadian Prime Minister Justin Trudeau called to strengthen cooperation on critical mineral supply chains, regional security issues and youth exchanges Wednesday.

2023-05-17

[Column] Key minerals acquisition holds the key

The future industry and the country’s future depend on the capability to secure key minerals.

2023-04-05

Korea looks to boost cooperation with African nations on key minerals

Korea on Tuesday attended a meeting of the United States-led Minerals Security Partnership (MSP) and discussed ways to boost cooperation on supply chains of major minerals with resource-rich African nations, the Industry Ministry said.

2023-02-08

LG Energy Solution, Compass Minerals sign lithium carbonate deal for EVs

LG Energy Solution signed a supply deal with Kansas-based Compass Minerals to source lithium carbonate, a key raw material in electric vehicle (EV) batteries.

2022-11-11

Korea starts feeling vulnerability over minerals

Demand for critical minerals such as lithium, cobalt and rare earth elements is expected to rise six-fold in the next few years, and Korea is being warned to be more proactive about sourcing them.

2022-07-17

LG Energy Solution signs MOU with Compass Minerals

LG Energy Solution signed a memorandum of understanding with Kansas-based Compass Minerals for supplies of lithium carbonate and lithium hydroxide, key raw materials in electric vehicle (EV) batteries.

2022-06-30

Moon wraps up Australia trip after signing deals on defense, supply chains

President Moon Jae-in wrapped up a four-day state visit to Australia Wednesday, sealing deals on defense, space and carbon neutral technology cooperation and securing stable critical minerals supply chains.

2021-12-15