South Korea’s largest steelmaker POSCO s commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition of a stake
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company posted an operating profit of 213.7 billion won ($194 million), almost triple the amount from the year-earlier period, thanks to the soaring sales of NB latex during the COVID-19 pandemic.
NB latex is a type of synthetic latex used to make industrial, cooking and surgical gloves.
Kumho Petrochemical did not expect the boom to continue as overseas competitors began to aggressively expand their production. Industry watchers projected NB latex prices to plunge due to the oversupply.
But they were wrong. The price of NB latex posted $1,822 per ton last month, up by 15% from the previous month and a staggering 92.6% increase from the same period last year.
Solar farm operated by 174 Power Global, a wholly-owned unit of Hanwha Energy, in Texas French refiner Total SE and South Korea’s Hanwha Energy Corp. hav
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid a fragile
Hyundai Motor s hydrogen-powered truck concept Neptune, unveiled at a Chinese import expo in 2019.
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’s largest auto market by building its hydrogen vehicles there.
The top Korean automaker said on Jan. 15 that the construction of the plant in China s southern city of Guangzhou will begin in February with a view to completion in the second half of 2022.
Hyundai will own 100% of the plant.
Once completed, the plant will produce 6,500 fuel cell systems for hydrogen-powered vehicles annually and gradually increase output volumes depending on market demand, Hyundai said in a statement.