SK On has signed a contract with EcoProInnovation to supply domestically produced lithium hydroxide, raising expectations by expanding its battery business in North America and preemptively responding to the US Inflation Reduction Act(IRA).

OCI Holdings has officially broken ground on a new joint venture plant with a Japanese company, Tokuyama, in the Samalaju Industrial Park in Malaysia.

LG Electronics is launching ‘LG StandbyME 2’ in the global market, continuing its strong domestic sales overseas.

KyungDong Navien is actively participating in local exhibitions and engaging in collaboration between companies to expand into the UK market.

LG Electronics Strengthens Leadership in Ultra-Premium Laundry Appliance Market in the U.S.

Import prices in South Korea recorded their sharpest drop in 18 months, largely due to a nearly 6% fall in international oil prices.

As of the end of May, South Korea’s foreign exchange reserves stood at 404.6 billion dollars (approximately 548.678 trillion KRW), marking a decrease of 70 million dollars (around 94.955 billion KRW) from the previous month.

Five days before the early presidential election, the Bank of Korea’s Monetary Policy Committee(MPC) cut the base rate by 0.25%p.

On the 28th, Hanwha Construction Division, together with LH (Korea Land & Housing Corporation), showcased the ceiling-mounted electric vehicle charging system ‘EV air station’ at the 21st Fire Safety Expo held at Daegu EXCO.

AX specialist LG CNS maximizes productivity throughout the entire system development process with its AI coding platform, DevOn AI-Driven Development.