Korean battery maker SK On won more than half of the capacity awarded in Korea’s second government tender for energy storage systems, officials said Thursday, marking a rebound for the battery maker as EV demand slows.
The government borrowed the second-largest amount of temporary funds on record from the central bank last year through its overdraft facility, data showed Wednesday.
As AI drives up the demand for chips, Korea’s semiconductor factories are running so hard that even high-stakes logistics involving moving ultra delicate, multimillion-dollar equipment have become a booming industry of its own.
Korean chipmaker SK hynix has showcased its strategy for next-generation NAND storage products customized for the art AI industry during a global event this month, the company said Monday.
LS Electric, a Korean electric equipment maker, said Thursday it has partnered with Spanish inverter manufacturer Power Electronics to expand its energy storage system (ESS) business in global markets.
LG Energy Solution has begun mass production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) at its plant in Holland, Michigan, as the first global battery manufacturer to do so in the United States.
Workers dust off the lids of large jangdok earthenware jars, which are used to ferment and store food, at a farm in Anseong, Gyeonggi, on Wednesday amid warm spring weather.
The city government and fire authorities of Pyeongtaek, Gyeonggi, said on Thursday that they took immediate action to isolate chemicals that leaked into a local stream following an industrial fire in a neighboring town.
Arshexa plans to build Asia's largest storage house for artworks and luxury goods at Incheon International Airport in Korea. The facility aims to address the lack of storage options in the country and provide optimal preservation conditions.
The trade balance for Korean batteries, which had been on an upward trend over the past decade, entered negative territory this year as companies increasingly shift towards on-site production at their respective foreign markets.
Korea JoongAng Daily Sitemap
