Korea Joongang Daily
Korea JoongAng Daily

LS Eco Energy aims to double revenue with new undersea cable business

LS Eco Energy aims to increase its revenue by a factor of 2.5 by 2030 with a new focus on undersea cables and rare earth materials. It plans to build undersea cable plants in Europe and Vietnam.

2024-05-30

LS Materials to build $56 million battery parts plant in Gumi

LS Materials will invest 75 billion won ($56 million) to build a battery parts factory in Gumi, North Gyeongsang.

2024-01-30

LS Materials prepares for $62 million IPO

LS Materials plans to raise up to 80.4 billion won with its upcoming listing on the Kosdaq. The company will issue new and old shares to fund expansion into the growing market for EVs.

2023-11-28

Applied Materials probed for sending chip equipment to China through Korea

Applied Materials, a U.S. chip equipment manufacturer, is under criminal investigation in the United States for allegedly sourcing its machines to China’s SMIC through an entity based in Korea, according to Reuters.

2023-11-19

At least 180 investors to file class-action suit over startup's bloated IPO

Investors are questioning the eligibility of some corporate listings over allegations that certain companies, including FADU and EcoPro Materials, did not disclose important information prior to their IPOs.

2023-11-17

The price is right, EcoPro Materials CEO says ahead of IPO

EcoPro Materials CEO justifies IPO pricing despite challenging market conditions for EV batteries and materials stocks. The firm has a goal of going public on Kospi on Nov. 17

2023-11-02

Posco Int'l to supply $4.42B battery materials to Lotte Energy

Posco International will supply battery materials worth $4.42 billion to Lotte Energy Materials, including 600,000 tons of copper foil raw materials until 2033. The global copper foil market is expected to triple by 2025 due to a rise in EV adoption.

2023-11-01

Securing supply chains for rare earths and metals

It was a good decision for Korea to participate in the early warning system for a trilateral supply chain, and Seoul should establish a Korean-style global supply chains partnership.

2023-08-29

Lotte signs MOU for Spanish copper foil facility

Lotte Energy Materials signed an MOU with the Spanish city of Mont-roig del Camp and Catalonia Trade & Investment, or Accio, for its 560-billion-won ($424 million) project to build a battery component plant in the European country.

2023-08-24

Posco Future M to co-build nickel plant in the Philippines

Battery material supplier Posco Future M will produce nickel in the Philippines in cooperation with a local mining company.

2023-08-18