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1 week ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
Employees of South Korean companies traveling to the United States under the electronic system for travel authorization (ESTA) are increasingly being denied entry by U.S. authorities. It has long been common practice for many Korean employees to use ESTA for business trips but the U.S. under the Trump administration began viewing this as a form of unauthorized work and has been tightening enforcement, effectively blocking ESTA-based entries.
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1 week ago | 
pulse.mk.co.kr | Ahn Doo-won |Chu Dong-hun |Han Yubin
Kim Seung-youn, chairman of South Korea’s Hanwha Group, urged employees of Hanwha Totalenergies Petrochemical Co. to “continuously seek innovation” to cope with the unpredictable business environment.
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3 weeks ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
South Korea’s jet fuel exports to the United States have reached their highest level in about four years, offering a glimmer of hope for the country’s struggling refining industry. According to the Korea Petroleum Association on Wednesday, Korean refiners exported about 4.3 million barrels of jet fuel to the U.S. in May. This is the first time monthly exports to the U.S. have surpassed 4 million barrels since August 2021, marking the highest volume in four years.
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1 month ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
POSCO Future M Co., a South Korean manufacturer of energy materials, announced on Tuesday that it has completed the development of cathode materials for lithium manganese-rich (LMR) batteries, a next-generation battery technology gaining attention for its energy density and cost advantages. LMR batteries feature about 33 percent higher energy density compared to lithium iron phosphate (LFP) batteries, which are currently dominated by China, while maintaining cost competitiveness.
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1 month ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
SK electlink, a private charging business operator under South Korea’s SK Group, announced on Monday that Anchor Equity Partners will become its largest shareholder through a capital increase of over 50 billion won ($36.5 million) and a share transfer. The transaction will proceed from June to the first half of next year.
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1 month ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
SK earthon Co., the energy exploration and production subsidiary of SK innovation Co., said on Thursday that it secured two key oil blocks in Indonesia as part of its strategic expansion of its upstream portfolio in Southeast Asia. The company said on Thursday that it won the rights to the Serpang and Binaiya blocks via a competitive bid conducted by the Indonesian government.
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1 month ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
South Korea’s top business groups unveiled a list of 100 key policy recommendations for the country’s next administration on Sunday, placing artificial intelligence (AI) at the forefront of efforts to overcome stagnant growth. The list, which is spearheaded by five major economic organizations, calls for the adoption of the so-called the AI 3+3 Initiative Policy to foster a virtuous cycle linking energy, data, and talent with infrastructure, AI models, and industry-wide reform.
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1 month ago | 
pulse.mk.co.kr | Woo Jae-yoon |Chu Dong-hun |Han Yubin
South Korea’s steel giant POSCO Holdings Inc. and LG Chem Ltd. announced on Wednesday that they will develop carbon capture and utilization (CCU) technologies with the Korea Research Institute of Chemical Technology (KRICT). The consortium aims to participate in a CCU project led by the Ministry of Science and ICT, which supports innovation to reduce carbon emissions by converting captured carbon dioxide into valuable resources.
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2 months ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Jae-beom |Han Yubin
South Korea’s oil refining, petrochemical, and battery companies are expected to face a huge setback in their businesses due to the political aftermath of the presidential impeachment, which has halted industry support policies. According to industry sources, the government’s planned announcements on energy and industrial restructuring have been pushed back following the impeachment and a snap presidential election set for June 3.
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2 months ago | 
pulse.mk.co.kr | Chu Dong-hun |Han Yubin
South Korea’s Kumho Mitsui Chemicals Inc., said on Thursday that it completed the expansion of its production facility for methylene diphenyl diisocyanate (MDI) in Yeosu, increasing capacity by 200,000 tons annually. With the expansion, the company’s MDI production capacity increased to 610,000 tons a year, making it the world’s second-largest single MDI production site.
