Chu Dong-hun

4 days 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.

1 week 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.

1 week 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.

2 weeks 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.

4 weeks 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.