The months-long legal dispute between two South Korean electric vehicle battery makers over alleged poaching of employees with trade secrets is unfolding as an intellectual property battle with LG Chem preparing to file a countersuit against SK Innovation in the United States, according to industry sources Tuesday. LG Chem is currently mulling a lawsuit against its rival accusing it of infringing its patents related to EV batteries. This follows SK Innovation’s recent patent lawsuit agains

10 hydrogen taxis start operation in Seoul

Samsung SDI said it showcased a slew of innovative battery solutions at the International Motor Show that kicked off in Frankfurt on Tuesday. The battery affiliate of Samsung exhibited its core materials for high-nickel batteries and silicon-based anodes. It also introduced a battery cell, module and pack for electric vehicles that enables a driving range of 600 to 700 kilometers on a single charge.  Samsung held the exhibition under the theme of “Charged for Auto 2.0,” which ca

Hyundai Motor’s sport utility vehicle Palisade has earned the Top Safety Pick+ award from the Insurance Institute for Highway Safety in the US. The vehicle received the highest grade, “good,” from the IIHS in terms of crash protection in six categories, including the driver-side and passenger-side small overlap, roof hardness and seat safety. Its front collision avoidance system was rated as “advanced.” The Palisade is Hyundai Motor’s 13th vehicle to earn

　SK Group’s semiconductor component maker, SK Siltron, has acquired a wafer division from US chemical giant Dupont as the South Korean company aims to raise its profile in the global semiconductor component market. 　According to SK Siltron on Tuesday, the company’s board of directors agreed to purchase Dupont’s silicon carbide wafer business unit for $450 million. The acquisition is expected to be finalized by year-end after the necessary government approvals are obtained. 

Delta Air Lines, Inc. said Tuesday it has increased its stake in Hanjin KAL, the parent company of Korean Air Lines Co., in what it called a long-term investment.  In a report to the main bourse operator Korea Exchange, Delta said its stake in Hanjin KAL rose to 9.21 percent from 5.13 percent.  "The purpose of the investment is not aimed at affecting the management rights," the report said.  Last month, Delta jacked up its interest in Hanjin KAL to 5.13 percent from

South Korean business associations have formed a consultative group to support local companies seeking to secure original technologies related to parts, materials and equipment through acquisitions and investments, according to a business representative on Tuesday. The consultative group will work together to back Korean companies that seek to acquire foreign companies or invest in overseas facilities in order to improve competitiveness. This is in line with the government’s efforts to dou

The Korea International Trade Association said Tuesday it will offer selected local startups a test bed to showcase their innovative technologies and services in hopes of vitalizing the ecosystem.According to KITA, Coex Startup Testbed provides opportunities for budding startups to test ideas and technologies that could be implemented in the service industry at Coex.After several stages of expert reviews, startups that make it to the final roster for the test bed will be given the chance to coll

Posco, South Korea's largest steelmaker, said Monday it reached a deal with its labor union on a wage and collective bargaining agreement that includes a 2 percent raise in base pay. The union put the deal to a vote earlier in the day, with 86.1 percent, or 5,449 workers, choosing to accept it, the company said.Of 6,485 unionized workers, 6,330 took part in the vote and 881 people opposed the deal, it said.Posco and the union had tentatively reached an agreement late last month in negotiations i

Naver, Kakao and mobile carriers admit their AI speakers collect recordings of voice commands, but downplay privacy concerns, say collected voice data ‘deidentified’

World Energy Council Chairman Younghoon David Kim highlighted that innovative technologies are key to fostering the future development of the energy industry and resolving current crises like climate change during the 24th World Energy Congress that kicked off Monday. Hosted by the World Energy Council, the four-day event is being held in Abu Dhabi, the United Arab Emirates, under the theme of “Energy for Prosperity.” It is being attended by about 15,000 people from the energy sector

Gangnam, Jongno still worst parts of Seoul to wait for a taxi, report shows

Samsung Electronics’ limited edition strategy for the Galaxy Fold is turning out to be working effectively by accurately targeting consumers’ penchant for rarity, according to industry sources Monday. After the first batch of the world’s first 7.3-inch foldable device was sold out on Thursday and Friday, there are an increasing number of Koreans who are seeking ways to get the limited phone online. On online communities where people trade second-hand products, there were posts

BJFEZ to adopt tri-port strategy to attract innovative firms, raise profile as international logistics hub

What caused ship carrying some 4,000 automobiles to capsize still unknown