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Korea Zinc to develop next-generation battery material for drones, robots SEOUL, February 04 (AJP) - Korea Zinc said on Wednesday it has signed partnerships with two materials companies to develop composite copper foil, a next-generation battery component used for lightweight, high-performance batteries for drones and humanoid robots. The partnered firms are Taesung and Neo Battery Materials Korea. Korea Zinc said the three firms will jointly develop advanced battery technologies using composite copper foil for small mobility applications. Compo February 4, 2026
LG Electronics showcases B2B solutions at North American, European trade shows SEOUL, February 04 (AJP) - LG Electronics is participating in major business-to-business trade shows in North America and Europe this week, presenting heating, ventilation and air conditioning systems and commercial display solutions as it seeks to expand its B2B operations. The South Korean electronics maker exhibited HVAC solutions ranging from unitary systems to AI data center cooling technology at AHR EXPO 2026, North America's largest air conditioning trade show, which co February 4, 2026
Hyundai Rotem to supply vehicles for light-rail lines in Edmonton, Canada SEOUL, February 04 (AJP) - South Korea's Hyundai Rotem has won a contract to supply light-rail vehicles for all light-rail transit (LRT) lines operating in Edmonton, Canada. The company said on Wednesday it signed a 320 billion won ($240 million) agreement on Monday local time with the City of Edmonton in Alberta to supply high-floor LRT vehicles. The order covers 32 trainsets, each consisting of three cars, with a maximum operating speed of 80 kilometers per hour. The tr February 4, 2026
LG Energy Solution, Hanwha Qcells team up to target US energy storage boom SEOUL, February 04 (AJP) - LG Energy Solution (LGES) and Hanwha Qcells have joined hands to strengthen their position in the fast-growing U.S. market for large-scale energy storage systems. Industry sources said Wednesday that Hanwha Qcells plans to procure up to 5 gigawatt-hours of lithium iron phosphate (LFP) batteries from LGES’s plant in Holland, Michigan. The batteries will be deployed in U.S. ESS projects where Hanwha Qcells will oversee engineering, procurement and co February 4, 2026
Samsung Biologics joins global vaccine network to bolster pandemic preparedness SEOUL, February 04 (AJP) - Samsung Biologics has signed a partnership agreement with the Coalition for Epidemic Preparedness Innovations (CEPI) to join the Vaccine Manufacturing Facility Network, positioning the South Korean drugmaker as a key player in global pandemic response efforts. Under the deal signed Tuesday, Samsung Biologics will serve as a "preferred" manufacturer for vaccines developed with CEPI support. The company will be capable of producing up to 50 million February 4, 2026
POSCO seeking to deploy Persona AI's humanoid robots for steelworks SEOUL, February 04 (AJP) - POSCO Group is moving to deploy humanoid robots in steel logistics operations in cooperation with U.S.-based startup Persona AI. The group said Wednesday that POSCO, POSCO DX, POSCO Technology Investment and Persona AI signed a memorandum of understanding a day earlier to jointly pursue on-site deployment of industrial humanoid robots. Under the agreement, POSCO will identify steel mill tasks suitable for humanoid robots and assess their operation February 4, 2026
Samsung Heavy deepens Gulf ties with Qatar shipyard agreement SEOUL, February 04 (AJP) - Samsung Heavy Industries said Wednesday it has signed sign an agreement with Qatar Shipyard Technology Solutions (QSTS), a state-owned shipyard operator, to explore joint projects involving eco-friendly technologies. QSTS, located in eastern Qatar, is a subsidiary of Nakilat, the country’s state-owned shipping company and the world’s largest operator of liquefied natural gas (LNG) carriers. The yard has completed repair work on roughly 2,00 February 4, 2026
Strong dollar pressures Korea's FX reserves, down for 2nd month SEOUL, February 04 (AJP) - South Korea’s foreign exchange reserves fell by more than $2 billion in January, extending a decline for a second consecutive month as the won remained weak against the U.S. dollar. The Bank of Korea said Wednesday that reserves stood at $425.91 billion at the end of January, down $2.15 billion from $428.05 billion a month earlier. Holdings of securities, including government and corporate bonds, rose $6.39 billion to $377.52 billion. Ho February 4, 2026
Korean investors keep record holdings of US stocks despite domestic market rally SEOUL, February 03 (AJP) - Demand for U.S. equities among South Korean investors remains strong despite a sharp rally in domestic markets, with holdings of American shares staying at record levels, according to data released Tuesday by the Korea Securities Depository. The benchmark KOSPI has climbed above 5,000 this year and the tech-heavy KOSDAQ has risen past 1,000. Yet South Korean investors’ holdings of U.S. stocks continued to grow. The data showed domestic investo February 3, 2026
Korea Midland Power teams up with US firm for gas combined-cycle projects SEOUL, February 03 (AJP) - Korea Midland Power Co. (KOMIPO) has signed a memorandum of understanding with a U.S.-based power plant operations and maintenance (O&M) specialist to cooperate on gas combined-cycle power projects in the United States. The agreement, signed on Jan. 29 local time, aims to combine KOMIPO’s plant operating experience with the U.S. partner’s workforce management and engineering capabilities, KOMIPO said Tuesday. The companies plan broad February 3, 2026