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Samsung C&T has submitted an application to Australian authorities seeking approval for its “Mangoplah Battery Energy Storage System
LG Chem, a major South Korean chemical company, is ramping up its push into the global solar film
“Squid Game,” the South Korean survival drama where players risk their lives in deadly games for a huge
South Korea’s defense company Hanwha Aerospace is accelerating the delivery of its Homar-K multiple rocket launcher system to
Photo=HD Hyundai Heavy Industries Greek shipping company Tsakos Energy Navigation (TEN) is preparing to order two very large crude carriers (VLCCs), with Korea’s HD Hyundai Heavy Industries and Samsung Heavy Industries emerging as the most likely builders, according to industry sources. The order comes amid increasing demand for long-term tanker charters from major oil firms, rising geopolitical tensions, and a global trend toward replacing aging vessels. TEN
(Photo=Hyundai Motor) Hyundai Motor has taken a major step toward launching its first China-focused electric vehicle, the ‘Elexio,’ by applying for type approval (OTTS) from Chinese authorities. The company is preparing for a third-quarter release with all key specifications now revealed. According to China’s Ministry of Industry and Information Technology (MIIT) on June 23, Beijing Hyundai—Hyundai’s joint venture in China—submitted
(Photo=MotionElements) Lithium-ion battery prices hit a record low last month and are expected to fall below $100 per kilowatt-hour (kWh) this year due to a significant supply-demand imbalance. According to data from KOTRA and the International Energy Agency (IEA) released on June 21, average lithium-ion battery prices dropped to $112 per kWh in May, marking an all-time low. The continued
Photo=NEOM Following LG Electronics, Samsung Electronics has entered into a strategic partnership with Al-Bawani, one of Saudi Arabia’s largest construction firms. This collaboration is expected to pave the way for Samsung’s participation in major infrastructure projects such as NEOM City and the Red Sea Development, both key initiatives under Saudi Arabia’s Vision 2030. Samsung also plans to implement its digital
(Photo=GS Engineering & Construction) GS Engineering & Construction (GS E&C), a major South Korean construction company, has taken over part of an unfinished hotel development previously managed by its bankrupt UK subsidiary, Elements Europe. The project is valued at approximately $51.1 million. Interpath, the administrator overseeing Elements Europe's insolvency, announced on June 19 (local time) that it had sold the
