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S. Korean battery makers posts all-time performance despite economic downturn
Despite the global economicslowdown, LG Energy Solution and Samsung SDI, Korea’s largest battery makers, posted all-time profit last year. There are some concerns over falling demand for electric vehicle (EVs) due to the recession, but domestic battery makers are expected to continue to grow this year. In addition, it is also analyzed that South Korean battery makers are gaining the upper hand in negotiations with global automakers as battery demand exceeds the supply. According to industry sources on the 30th, Samsung SDI posted record sales and operating profit last year.Annual sales increa
01월 31일 09시 01분
KT&G to expand partnership with Philip Morris International
S. Korea identifies the principle of ‘hydrovoltaics’ that makes electricity with water
S. Korean government to expand K-culture in the Middle East
Editor's Choice
India's forex reserves dip by $9.64 billion, the biggest drop in 2 years
India's foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavily sold dollars to prevent the slide in the value of rupee.According to the RBI's weekly statistical supplement, the foreign currency assets, which is the biggest component of the forex reserves, slumped by $11.108 billion to $554.359 billion during the week under review. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar curre
03월 21일 09시 03분
India-Russia oil trade: what is at stake?
In order to shield the economy from the negative impact of the recent surge in crude oil prices, India is exploring the possibility of importing additional oil at discounted rates from Russia, which is facing sanctions and global backlash due to the Ukraine conflict.According to commodities data and analytics firm Kpler, India's import of crude oil from Russia in March this year so far is nearly four times higher when compared with the corresponding period of last year. India's import of crude oil from Russia stood at around an average of nearly 360,000 barrels a day in the first half of this
03월 21일 09시 03분
SZ’s exports still rank first in China
SHENZHEN’S exports of goods reached 1.92 trillion yuan (US$302 billion) in 2021, up 13.5 percent year on year, ranking first among major Chinese cities for the 29th consecutive year, statistics released by Shenzhen Customs showed yesterday. Total foreign trade including imports reached 3.54 trillion yuan, up 16.2 percent year on year. Data showed that imports climbed up 19.5 percent to 1.62 trillion yuan. In December, the city’s foreign trade reached 385.6 billion yuan, up 25.8 percent, a single month record since April 2013 and showed positive growth for 14 months straight. New records have
01월 21일 10시 01분
LG Chem to build world’s largest cathode material production plant
In order to target the rapidly growing battery material market, LG Chem and Gumi local government agreed to build the world's largest cathode material production plant in Gumi. LG Chem announced on the 11th that it held a groundbreaking ceremony for the Gumi cathode material production plant, which will be applied with Gumi city’s job model, at the Gumi Convention Center located in Gumi, Gyeongsangbuk-do.At the event, President Moon Jae-in, Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki, Minister of Trade, Industry and Energy Moon Seung-wook, Minister of Employment and
01월 12일 09시 01분
NATIONAL
Union Budget 2023 Wishlist for the Real Estate Sector in India
South Korea urges Japan’s responsibility for Fukushima water release
COMPANIES
Bajaj Finserv profit grows 42 pc in third quarter
Kia post all-time high operating profit of 7.2 trillion won, up 42% year-on-year
TECH
SZ progresses in building innovation hub for satellite industry
Shipyards introduce collaborative robots due to labor shortage
MONEY
India's forex reserves hit about six-month high of USD 573.7 billion
Need to promote energy security to 'oil-proof' Indian economy from adverse geopolitical events: RBI paper
LIFE
S. Korea to extend short-term visa restrictions for Chinese to late February
PM Modi's Mann Ki Baat finds mention of growing interest of millets in India
ENTERTAINMENT
New Jeans’ ‘OMG’ ranks on Spotify’s Weekly Top Song chart
New Jeans’ Danielle named global ambassador of luxury brand
OPINION
"Politicians' favorability" Oh Se-hoon 41%, Hong Joon Pyo 40% and Lee Jae-myung 34%
Lee Jae-myung’s approval rating records 27%, Han dong-hun 9% and Oh Se-hoon 4%
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LG Energy Solution may suppky batteries produced at US plant to Tesla