In 2019 SK Innovation set up its first EV battery plant in China in Changzhou, alongside the Beijing Automative Group. South Korea-based SK Innovation Co. has entered into a joint venture with Chinese battery maker EVE Energy Co. to set up a third battery plant in China, according to a local me
Electric car batteries are often dubbed as "another semiconductor" in South Korea, a reference to the importance of semiconductor chips, key drivers in the country’s economic growth for decades.With competition heating up in the global race for eco-friendly vehicles, Korea’s thre
SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part of its shift toward environmental, social, and governance (ESG) management.On Dec. 1, SK Holdings announced that it recently created a task force
South Korea’s leading chipmakers Samsung Electronics Co. and SK Hynix Inc. are being challenged by smaller rival Micron Technology Inc.’s latest 176-layer NAND flash memory, the world’s highest-density chip.Micron, which ranks sixth in the global NAND market with 10.2% share, surpr
SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the South Korean chipmaker to second in the sector’s global rankings.The acquisition, if completed, will be the largest ever by a Korean company, far hi