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Biz & Tech

Energy

Fri, May 29, 2020 | 17:42

GS Group's heavy reliance on refining hinders operations

GS Group's heavy reliance on refining hinders operations

Concerns have been raised about Korea's eighth-largest conglomerate, GS Group, due to its heavy reliance on refining, which has put the entire group at risk as crude oil prices and demand for petroleum products have plummeted in recent months.

2020-05-25 16:53

Rising LNG demand sheds light on KOGAS' overseas projects

Rising LNG demand sheds light on KOGAS' overseas projects

The Korea Gas Corp. (KOGAS) is expanding its overseas natural gas projects related to exploration, liquefaction and distribution, in a bid to provide a stable energy resource for Korea, and stand out as a leading LNG provider in the global market.

2020-05-21 16:49

Doosan Heavy to place hundreds of employees on paid leave

Doosan Heavy to place hundreds of employees on paid leave

Doosan Heavy Industries & Construction, which has been struggling to stay afloat is planning to further slim down its workforce to cut costs amid a mounting deficit. In addition to a second round of voluntary retirements, Friday, the company is seeking to further cut personnel expenses by placing hundreds of employees on paid leave.

2020-05-15 16:46

Donating COVID-19 test kits to Myanmar

Donating COVID-19 test kits to Myanmar

Kim Tae-jin, left, professional leader at SK Trading International, poses with BOC Chairman Aung Shwe, second from left, Korean Ambassador to Myanmar Lee Sang-hwa, third from left, and an official from Myanmar's Ministry of Health and Sports, after donating 4,000 COVID-19 test kits worth $50,000 in Yangon, Myanmar, May 9. SK Energy and SK Trading International donated the kit...

2020-05-10 17:04

'No second gas leak at LG plant in India'

'No second gas leak at LG plant in India'

LG Chem, the world's top electric vehicle (EV) battery supplier, said Friday it's been cooperating with Indian authorities and the Korean Embassy in India to take “all possible and available measures” to protect everyone affected by the latest gas leak.

2020-05-08 17:44

SK Innovation lowers battery sales target

SK Innovation lowers battery sales target

SK Innovation, the SK Group's petrochemical and battery unit, has lowered its earlier sales target for rechargeable batteries this year by 10 percent because of slow demand for batteries to be used in electric vehicles.

2020-05-06 17:26

Despite poor Q1, SDI expecting solid 2020

Despite poor Q1, SDI expecting solid 2020

Despite Samsung SDI's “not-that-impressive” first-quarter results, senior fund managers said Sunday they will further strengthen their positions in the company given its expected positive business outlook.

2020-05-03 17:15

Questions arise over unclear phase-out policy

Questions arise over unclear phase-out policy

Questions are rising over the President Moon Jae-in administration's policy to phase out nuclear power plants in Korea, which has estimated to have cost over 7 trillion won in lost sales over the last two years, according to a recent government sponsored report.

2020-05-01 17:25

Key industries to suffer bigger losses in Q2

Key industries to suffer bigger losses in Q2

Key export industries, including petrochemicals, steel, electronics and automobiles, have been shaken badly as the COVID-19 pandemic has dealt a severe blow to their export destinations. Given that first-quarter results have yet to reflect the aftereffects of lockdown measures overseas, companies in these sectors are likely to suffer bigger shocks in the second quarter.

2020-04-30 14:49

SK Innovation increases investment in U.S. EV Battery business

SK Innovation increases investment in U.S. EV Battery business

SK Innovation is planning an additional investment in the U.S. to construct a second electric vehicle (EV) battery plant in the state of Georgia. The company plans to invest $2.5 billion in its U.S. battery business to build two plants at its site in Commerce, Ga., with a combined annual capacity of 21.5 GWh. It initially announced a $1.67 billion investment at the Georgia si...

2020-04-29 16:49

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