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1 week ago | 
kedglobal.com | Sang-Hoon Sung |Woo-Sub Kim |Jin-Won Kim
LG Energy Solution Ltd. has secured a string of billion-dollar energy storage system (ESS) deals in Japan and Europe, outmaneuvering Chinese rivals in a rare breakthrough for a South Korean battery maker in traditionally China-dominated markets. LG Energy has signed a contract to supply more than 2 gigawatt-hours (GWh) of lithium iron phosphate (LFP) batteries to Japan’s Omron Corp. over five years, starting at the end of this year, people familiar with the matter said on Tuesday.
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1 week ago | 
kedglobal.com | Woo-Sub Kim |Jin-Won Kim |Hyung-kyu Kim
POSCO, the world’s seventh-largest steelmaker, is seeking to invest in smaller rival Hyundai Steel Co.'s first overseas plant in the US, in exchange for local production of its own steel products in the country to mitigate hefty 25% US tariffs on steel imports. If the two strike a deal, it would mark Korea’s top two steelmakers’ first joint investment and production project abroad.
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3 weeks ago | 
kedglobal.com | Woo-Sub Kim |Jin-Won Kim |Hyung-kyu Kim
South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate’s de facto holding firm Hanwha Corp. to his three sons, effectively ushering in a third-generation leadership era at one of the country’s largest chaebols. The group announced on Monday that Chairman Kim will transfer 11.32% of his 22.65% stake in Hanwha Corp.
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4 weeks ago | 
kedglobal.com | Woo-Sub Kim |Hyung-kyu Kim
South Korea’s Hyundai Steel Co. has chosen Donaldsonville, a city in Louisiana, as the location for its $5.8 billion US steel mill, marking a major strategic investment in the US steel industry. Hyundai Steel is also in discussions with multiple investors, including US automakers and steel producers, to secure equity investments to help finance the multibillion project, people familiar with the matter said on Friday.
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1 month ago | 
kedglobal.com | Hyung-kyu Kim |Woo-Sub Kim
Samsung Heavy Industries Co., a major Korean shipbuilder, has made a breakthrough in its liquefaction technology for floating liquefied natural gas (FLNG) production facilities, challenging long-standing dominance by US rivals. The technology, known as SENSE IV, is often referred to as the “heart” of the FLNG unit, a massive offshore structure that extracts, liquefies and transfers natural gas from undersea fields.
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1 month ago | 
kedglobal.com | Hyung-kyu Kim |Woo-Sub Kim
GEOJE, South Gyeongsang – At a huge shipyard operated by Samsung Heavy Industries Co. on Geoje, an island in South Gyeongsang province, some 390 km south of Seoul, several hundred workers, or maybe more, were assembling a new offshore structure for Malaysia’s Petronas, one of the world’s top gas and oil firms. The mammoth structure, known in the industry as a floating liquefied natural gas (FLNG) production facility, weighs 50,000 tons and span 2.5 football fields.
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1 month ago | 
kedglobal.com | Woo-Sub Kim |Hyung-kyu Kim |Jin-Won Kim
WOODFORD, Oklahoma – A shale gas field in Woodford, Carter County, in Oklahoma was bustling with activity on Feb. 25. A team of engineers oversaw the drilling of the site’s 209th gas well, deploying steel tubing through a 30-meter-high derrick to tap into the underground reserves. With each drill descending 100 to 200 meters per day, a single well could provide natural gas for decades. “We started investing in shale gas fields a decade ago.
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2 months ago | 
kedglobal.com | Jin-Won Kim |Hyung-kyu Kim |Woo-Sub Kim
South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2024, powered by a steady growth of weaponry exports. The milestone comes more than 50 years after the country first exported M1 rifle ammunition worth 600 million won to the Philippines in 1975.
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Jan 24, 2025 | 
kedglobal.com | Woo-Sub Kim |Sang-Hoon Sung |Hyung-kyu Kim
South Korea’s four major oil refining companies will jointly build a sustainable aviation fuel (SAF) plant in the country and the government is considering offering subsidies and tax cuts on the construction, according to industry sources on Friday. SK Innovation Co., GS Caltex Corp., S-Oil Corp.
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Jan 14, 2025 | 
kedglobal.com | Hyung-kyu Kim |Woo-Sub Kim
HD Hyundai Heavy Industries Co., the world’s largest shipbuilder, is seeking to launch maintenance, repair and overhaul (MRO) services for the US Navy in June, which would pave the way for its foray into the US warship building market, said its Chief Executive Park Seung-yong. It aims to win MRO orders for two to three warships out of four to five vessels the US Navy will likely award this year, Park told analysts and institutional investors in a meeting on Monday.
