Tag Archives: South Korea

Lightsource bp Secures 10 Power Purchase Agreements in 2024, Expanding Global Renewable Energy Reach

(IN BRIEF) In 2024, Lightsource bp secured 10 power purchase agreements (PPAs) totaling 1.3GW across Europe, the Americas, and APAC, highlighting its strong presence in the renewable energy market. The company has partnered with major global corporations like H&M Group, … Read the full press release

Evonik Partners with ST Pharm to Accelerate RNA Therapeutic Development

(IN BRIEF) Evonik has partnered with ST Pharm to enhance its RNA and nucleic acid therapeutic services, combining ST Pharm’s expertise in customized nucleic acids with Evonik’s advanced lipid and lipid nanoparticle (LNP) drug product development solutions. This collaboration aims … Read the full press release

GEA’s Cutting-Edge Technology Powers POSCO Group’s Ambitions with New Lithium Hydroxide Plant in Argentina

(IN BRIEF) GEA’s advanced evaporation and crystallization technology is central to POSCO Group’s new $1 billion lithium hydroxide (LHM) plant in Güemes, Argentina, which was inaugurated in October 2024. The plant, capable of producing 25,000 tons of lithium hydroxide annually—enough … Read the full press release

Eni Partners with Japan’s JOGMEC on LNG Collaboration and Joins Emission Abatement Coalition

(IN BRIEF) Eni has signed a Memorandum of Cooperation with Japan’s JOGMEC to collaborate on gas and LNG projects, aiming to diversify energy supply sources and support the energy transition. The agreement emphasizes the role of LNG in achieving carbon … Read the full press release

University of Helsinki Strengthens Research Ties with Yonsei University, Eyes Expanded Collaboration in South Korea

(IN BRIEF) The University of Helsinki has entered into a partnership with South Korea’s Yonsei University through a newly signed Memorandum of Understanding (MoU). This agreement aims to foster research collaboration and is a key step in Helsinki’s broader strategy … Read the full press release

Hanwha Ocean’s Rotor Sail Technology Receives Certification from DNV for Hazardous Zone Installation

(IN BRIEF) DNV has awarded Hanwha Ocean Type Approval Design Certification (TADC) for its innovative rotor sail technology, marking it as the first rotor sail certified for use in hazardous zones in South Korea. The certification confirms that the rotor … Read the full press release

Ingka Group Invests in Advanced Automation at IKEA South Korea to Boost E-Commerce Fulfillment

(IN BRIEF) IKEA South Korea has implemented advanced automation systems at its Giheung store as part of a global initiative by the Ingka Group to enhance customer experience and operational efficiency. The €11 million investment in technology, including wireless-controlled robots … Read the full press release

EQT to Establish Leading Waste Management Platform in South Korea with Acquisition of KJ Environment

(IN BRIEF) EQT Infrastructure VI has acquired KJ Environment and its affiliated companies in South Korea to create a leading waste management platform focused on plastic recycling and waste-to-energy. This acquisition aligns with EQT’s strategy of investing in sustainable infrastructure … Read the full press release

PUMA Collaborates with Lost Management Cities for Retro GV Special Sneaker Revival

(IN BRIEF) PUMA partners with Seoul-based Lost Management Cities to reintroduce the iconic 2024 GV Special sneaker from PUMA’s archives. Inspired by ‘80s tennis culture, Lost Management Cities infuses the silhouette with a playful color scheme, incorporating hand-finished details like … Read the full press release

Korean-German Partnership Accelerates Battery and Semiconductor Innovations

(IN BRIEF) A collaboration program funded by the Korean Ministry of Trade, Industry and Energy (MOTIE) aims to expedite advancements in battery cell and semiconductor technology through international partnerships. Fraunhofer-Gesellschaft, with eight of its institutes, has partnered in Germany to … Read the full press release

Henkel and Samsung Collaborate to Revolutionize Laundry with Energy-Efficient Wash Cycles

(IN BRIEF) Henkel and Samsung have joined forces to introduce a groundbreaking laundry solution tailored for the South Korean market. By combining Henkel’s Persil Deep Clean enzyme technology with Samsung’s advanced AI Bubble™ and AI Auto Dispenser technologies, they have … Read the full press release

RWE Receives Major Milestone: Exclusive Licence for Offshore Wind Project in South Korea

(IN BRIEF) RWE, a global leader in renewable energy, has secured a significant achievement with the award of a 495-megawatt Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea for the development of the Seohae … Read the full press release

Bang & Olufsen and ADER ERROR Unveil “The Blueism” Collection: A Fusion of Fashion and Music

(IN BRIEF) Bang & Olufsen and ADER ERROR have announced a collaborative limited-edition collection titled “The Blueism”, marrying fashion and music through a sleek portable speaker and accessories. ADER ERROR infuses its signature Z-blue color into Bang & Olufsen’s Beosound … Read the full press release

nepes Corporation Advances IC Packaging Capabilities for 3D-IC Era with Siemens Design Solutions

(IN BRIEF) nepes Corporation, a leading global provider of Outsourced Semiconductor Assembly and Test (OSAT) services, has expanded its IC packaging capabilities for the 3D-IC era by adopting advanced design solutions from Siemens EDA. Leveraging Siemens’ industry-leading technologies, including the … Read the full press release

ANDRITZ to Upgrade Evaporation Plant at Moorim P&P’s Ulsan Mill for Enhanced Efficiency

(IN BRIEF) International technology group ANDRITZ has secured an order from Moorim P&P in South Korea to upgrade the evaporation plant at its Ulsan mill, aimed at improving efficiency and resource conservation. The refurbishment project will focus on increasing the … Read the full press release

South Korea’s Daesan Complex to Host LG Chem and Enilive’s Innovative Biorefinery

(IN BRIEF) LG Chem and Enilive have moved closer to making a final investment decision on their joint biorefinery project in South Korea by signing a joint venture agreement. The project, planned for LG Chem’s petrochemical complex in Daesan, South … Read the full press release

GTT Secures Orders for Two Advanced LNG Carriers from South Korean Shipyards

(IN BRIEF) GTT, a leading engineering company specializing in membrane containment systems for the liquefied natural gas (LNG) industry, has announced receiving two orders in 2023 for the tank design of new Liquefied Natural Gas Carriers (LNGC). The first vessel, … Read the full press release

Arkema Expands its Portfolio with 54% Stake Acquisition in PI Advanced Materials

(IN BRIEF) Arkema has completed the acquisition of a 54% stake in PI Advanced Materials (PIAM), a South Korean company specializing in polyimide films for advanced electronics and electric mobility markets. PIAM holds a dominant global market share of over … Read the full press release

BASF and SK On Partner to Explore Lithium-Ion Battery Collaboration in North America and Asia-Pacific

(IN BRIEF) BASF, a leading global producer of battery materials, and SK On, a prominent electric vehicle battery cell manufacturer, have entered into an agreement to explore collaboration opportunities in the global lithium-ion battery market, with a particular focus on … Read the full press release

EQT Partners with Nobel Prize Outreach for Seminar on AI’s Role in Finance and Diversity

(IN BRIEF) EQT, an International Partner of Nobel Prize Outreach, recently hosted a seminar in conjunction with Nobel Prize Outreach’s conference in Seoul, South Korea, focused on “Future Learning: Exploring Science & Technology.” The seminar discussed the impact of generative … Read the full press release