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Gov't vows to cut red tape to expedite 46 tln-won corporate investment projects

The South Korean government vowed Wednesday to ease regulations and reduce administrative procedures to promote the swift and smooth implementation of major corporate investment projects, including S-Oil Co.'s petrochemical plant project and the US Sphere Entertainment Co.'s K-pop arena construction plan. The government presented a set of tailored deregulatory measures for a total of 18 projects led by priv...
Pusan Gwangyoksi South Korea Cholla Namdo Soult Ukpyolsi South Korean Us Sphere Entertainment Co

LG Energy Solution Q3 net soars on US demand

LG Energy Solution Ltd., South Korea's leading battery maker, said Wednesday its third-quarter net profit more than doubled from a year earlier helped by strong demand in the United States. Net profit for the three months ended in September soared to 420.5 billion won ($312 million) from 187.7 billion won during the same period of last year, the company said in a statement. "Strong battery sales in the US p...
United States South Korea Volkswagen Group Hyundai Motor Group Motors Co Toyota Motor Corp

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CATL Closes In On LG As World's #1 EV Battery Supplier; BYD Triples Global Market Share - Tesla (NASDAQ:TSLA)

Chinese EV battery maker Contemporary Amperex Technology Co. Ltd., or CATL for short, is playing an increasingly significant role in the development of energy-efficient vehicles around the world, according to Caixin, the Chinese-language business daily.
South Korea Hong Kong White House District Of Columbia United States Soult Ukpyolsi

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