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"Global Nations Flock In"... Intense Technological Competition for "K-Maritime Defense"

U.S. President Trump Requests SOS for K-Maritime and Defense Industry, Sparking Increased Attention on MADEX As U.S. President Donald Trump calls for assistance in rebuilding the U.S. naval power, attention is turning toward the International Maritime Defense Industry Exhibition (MADEX), Korea’s largest maritime defense exhibition. With global nations expected to attend in large numbers to view the latest technologies showcased by companies such as Hanwha Group, HD Hyundai, and Korea Aerospace Industries (KAI), a fierce competition for contracts and cutting-edge technological battles is anticipated in the future. According to industry sources, over four days from the 28th to the 31st, more than 200 defense companies and institutions from 14 countries will participate in MADEX, which will be held at BEXCO in Haeundae, Busan, marking the largest-scale exhibition in its history. This year’s exhibition has garnered even more attention than previous years. The exhibition is particularly significant as it is the first to take place after the U.S. Trump administration extended an invitation to the Korean maritime and defense industry, and with key officials from 30 countries—including the U.S.—set to attend, domestic companies are preparing in unprecedented ways. At this exhibition, HD Hyundai Heavy Industries, in collaboration with LIG Nex1, will operate a booth shaped around next-generation stealth warships. The exhibition will be divided into three themes: domestic warships, export warships, and future warships. In the domestic warship section, the booth will feature the Korean next-generation destroyer (KDDX), currently under development based on the King Sejong the Great-class Aegis destroyer designed and built by HD Hyundai Heavy Industries. In the export warship section, a 6,500-ton ocean-going frigate, developed to secure competitiveness in global markets like Saudi Arabia, will be unveiled for the first time, along with frigates exported to the Philippines and Peru. Hanwha Defense's three affiliates (Hanwha Ocean, Hanwha Aerospace, and Hanwha Systems) will operate a joint exhibition booth, showcasing eight warships equipped with the latest and next-generation technologies, including two unmanned warships, three surface warships, and three submarines. In the unmanned warship section, the combat unmanned submersible (UUV) and unmanned power command and control ship will be exhibited. In the surface ship section, the advanced KDDX Korean destroyer, the latest Ulsan-class Batch-IV frigate, and the Thai export frigate will be showcased. In the submarine section, a variety of models, including 2,000-ton, 2,800-ton, and 3,600-ton submarines, will be revealed. Notably, the 3,600-ton submarine, the first in the world to be equipped with both air-independent propulsion (AIP) and lithium-ion batteries, boasts the best submerged endurance among existing diesel submarines. Korea Aerospace Industries (KAI), along with LIG Nex1, plans to sign an MOU for technical cooperation on the development of a multi-purpose unmanned power flagship. With POSCO, KAI will also sign an MOU to develop new materials for the next-generation warship hulls, setting the stage for full-scale R&D on next-generation warships. Industry Anticipates Increased Exports as Political Commitments to Foster K-Defense Strengthen With the early presidential election scheduled for June 3, all major presidential candidates have pledged to foster the K-defense industry, which is expected to lead to additional large-scale exports if national support is provided. Furthermore, as domestic companies are aggressively targeting the Polish market, additional orders are likely to follow the results of the upcoming Polish presidential election next month. Yang Seung-yun, an analyst at Eugene Investment & Securities, stated, "Once the political uncertainty surrounding the upcoming presidential elections in both Korea and Poland is removed, the likelihood of delayed contracts being finalized increases." He also added, "At the NATO summit in Europe, there is a high possibility that defense spending targets will be revised upward, which significantly increases the chances of large-scale orders for 'K-maritime defense'." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-27 16:31:43 메트로신문 기자

HD Hyundai Unveils 'Independently Developed Unmanned Power Combat Ship' for the First Time at MADEX

HD Hyundai Heavy Industries Unveils Future Vision for Global Naval Defense Market at MADEX 2025 HD Hyundai Heavy Industries announced on the 26th that it will participate in the International Maritime Defense Industry Exhibition (MADEX), held over four days from the 28th at BEXCO in Haeundae, Busan. MADEX is South Korea’s largest maritime defense industry exhibition, hosted by the Korean Navy and held biennially since 1999. At this year’s exhibition, HD Hyundai Heavy Industries will co-operate a booth with LIG Nex1, featuring next-generation stealth warship designs, while forging partnerships with global defense companies to expand the scope of K-Maritime Defense. The company’s booth will be organized around three themes: domestic warships, export warships, and future warships. In the domestic warship section, visitors can view HD Hyundai’s own designs such as the King Sejong the Great-class Aegis destroyer-based Korean next-generation destroyer (KDDX) currently in development, the Ulsan-class Batch-III lead ship Chungnam, and its self-developed offshore patrol vessel—highlighting the strength of the Republic of Korea Navy. The export warship section will spotlight frigates exported to the Philippines and Peru, alongside the unveiling of a high-performance, high-specification 6,500-ton ocean-going frigate developed to secure competitiveness in future global markets including Saudi Arabia. The future warship section will display evolved concepts such as the ‘HCX-25’ from the HCX series, AI-driven hybrid manned-unmanned flagship vessels including the ‘Mobile Unmanned Command Ship,’ ‘Future Unmanned Flagship,’ and the ‘Unmanned Surface Vehicle (USV)’ series—showcasing HD Hyundai’s leadership in developing integrated maritime manned-unmanned systems. To strengthen its global competitiveness, HD Hyundai Heavy Industries has signed memoranda of understanding (MOUs) with leading defense companies Leonardo and Thales for collaboration on export warship development. Furthermore, it has inked MOUs with Korea Aerospace Industries (KAI) and LIG Nex1 for joint development of a ‘Multi-purpose Unmanned Flagship,’ and with POSCO to develop new materials for next-generation warship hulls—signaling a full-scale push into next-generation warship R&D. Additionally, HD Hyundai Heavy Industries has signed an MOU with the Portuguese Navy for joint development of small submarines, marking the start of efforts to open new export markets. Joo Won-ho, Head of HD Hyundai Heavy Industries’ Special Ship Business, said, “With unprecedented interest in K-Maritime Defense, MADEX 2025 will be a stage to prove HD Hyundai’s unmatched warship technology. We will continuously pursue the values of openness, convergence, and expansion so that K-Maritime Defense can thrive and grow sustainably in the global market.” ChatGPT를 사용하여 번역한 기사입니다.

2025-05-26 17:18:44 메트로신문 기자

"Korean Conglomerates Respond to Growing Global Economic Uncertainty… Seeking Breakthroughs with New Strategies"

Major Korean Conglomerates to Hold Mid-Year Strategy Meetings Amid Global Uncertainty Korea’s leading conglomerates are set to convene mid-year strategy meetings next month to address growing global market uncertainties and to map out future plans. Top executives from key export sectors—such as semiconductors, automobiles, and secondary batteries—will gather to devise countermeasures to navigate the current complex crisis. LG Group, however, will skip its usual mid-year strategy session this year, choosing instead to focus on executing a strategic roadmap developed over the past three years. According to industry sources on the 25th, companies including Samsung Electronics, SK Group, and Hyundai Motor Group will hold company-wide management strategy meetings next month to review current business conditions and discuss their responses. Samsung Electronics is expected to hold its Global Strategy Meeting, presided over by Vice Chairman Jun Young-hyun, head of the DS (Device Solutions) Division, and President Roh Tae-moon, acting head of the DX (Device eXperience) Division. The Global Strategy Meeting is a regular biannual event in June and December, where Samsung outlines its business roadmap. The meeting brings together key executives and heads of overseas branches, both online and in person. This year’s meeting is expected to focus on how to respond to external challenges such as U.S. semiconductor export controls and looming tariff hikes. In the MX (Mobile eXperience) division, discussions are likely to center on sales strategies for the upcoming Galaxy Z Flip 7 and Fold 7, which are scheduled for release in the second half of the year. With heightened concerns over exchange rates and cost pressures, striking a balance between premium positioning and profitability is more critical than ever. SK Group to Hold H2 Strategy Meeting in June, Focusing on AI and Data Security SK Group will hold its second-half management strategy meeting from June 13 to 14. Key agenda items this year are expected to include a review of business rebalancing progress across affiliates, expansion of artificial intelligence (AI) initiatives, and the strengthening of information security measures. Industry sources anticipate that SK Group will also address trust restoration and cybersecurity investments in light of the recent data breach involving subscriber identity modules (USIM) at SK Telecom. If compensation for affected users and penalties such as contract termination fee waivers materialize, it could have significant implications across the group. In response, SK Group has launched a Special Committee for Information Security Innovation to strengthen cybersecurity capabilities within its affiliates. Choi Chang-won, Chairman of the SUPEX Council, is serving as the committee chair, while Yoon Poong-young, President of SK Inc.'s AX division, is acting as vice-chair. Hyundai Motor Group to Convene Overseas Division Heads Amid U.S. Tariff Fallout Hyundai Motor Group is expected to hold its first-half Overseas Regional Headquarters Meeting next month. The meeting, led by the CEOs of Hyundai Motor and Kia, will bring together regional heads as well as heads of sales and production subsidiaries. Key discussion points are expected to include countermeasures against the U.S. tariff hike and a review of country-specific business strategies. Since last month, the U.S. Trump administration has imposed a 25% tariff on all imported vehicles. In response, Hyundai and Kia aim to secure sales volume and profitability by expanding local production in the U.S. and increasing output in tariff-safe countries. Hyundai plans to strengthen localization strategies in each market with new models such as The All-New Palisade, The All-New NEXO, and The New IONIQ 6. Kia is also pushing to boost sales through an expanded electric vehicle lineup, including the EV4, as well as hybrid and eco-friendly models. Meanwhile, LG Group has decided not to hold its usual mid-year strategy briefings this year. These strategy sessions typically provide a forum to assess the mid- to long-term plans of affiliates and business units, with CEOs presenting directly to Chairman Koo Kwang-mo. However, as core affiliates like LG Electronics and LG Chem have already conducted more than one strategic review between 2022 and 2024, the group will instead focus this year on executing their respective strategies without convening a separate group-wide session. A business insider commented, “These annual strategy meetings have traditionally served as a venue for companies to assess the global market and plan ahead. But with uncertainties mounting due to retaliatory U.S. tariffs and global economic instability, they are increasingly evolving into survival-focused strategic sessions.” ChatGPT를 사용하여 번역한 기사입니다.

2025-05-25 16:31:06 메트로신문 기자

"Korean Industries Accelerate Response to U.S. Tariffs... Doubling Down on Localization Despite Export Decline"

Korea's Leading Exporters Relocate Production to Counter U.S. Tariffs Major Korean exporters are rapidly shifting their production bases to counter impending tariffs from the United States. Companies with significant export volumes to the U.S.—especially in the automobile and electronics sectors—are responding strategically by expanding local production and increasing output in countries like Mexico and Canada, where tariff exemptions under trade agreements are more likely. According to industry sources on the 22nd, Hyundai Motor is swiftly ramping up production at its Alabama plant (HMMA) and the Hyundai Motor Group Metaplant America (HMGMA) in Georgia. Combined production from these two plants in the first quarter reached 105,316 units. HMMA operated at 102.8% of capacity, exceeding its 88,100-unit threshold, while HMGMA operated at 54.7% of its 25,900-unit capacity. Kia is also increasing output at its plant in Mexico, which has an annual production capacity of nearly 400,000 units. Having produced 270,000 units last year, Kia could potentially boost production by 130,000 units this year. Kia is focusing on the Mexico plant because, under the United States-Mexico-Canada Agreement (USMCA), it can be exempt from tariffs on parts if the rules of origin are met. Additionally, Kia is expected to expand production of models such as the Sportage, Sorento, Telluride, EV6, and EV9 at its West Point plant in Georgia. The electronics industry is also stepping up local production to mitigate the effects of potential U.S. tariffs. During its Q1 earnings announcement, Samsung Electronics stated, “We are reviewing flexible and strategic utilization of our global manufacturing bases and sales hubs based on local conditions.” This suggests the company may shift production of some TVs and home appliances to minimize tariffs imposed since the Trump administration. However, Samsung faces the challenge of adjusting its production strategy quickly, especially since it currently relies heavily on Vietnam for smartphone production (60%), along with TVs and other appliances. LG Expands U.S. Washer and Dryer Production; Hyundai Motor–POSCO Forge U.S. Steel Alliance LG Electronics plans to expand its production of washers and dryers by shifting manufacturing to its plant in Tennessee. In its Q1 earnings call, LG stated, “For products from production bases expected to face high tariffs, we will secure optimal production locations based on our local network.” The company added, “We anticipate increasing U.S.-bound production to the high-10% range of total exports,” and noted that “for future expansion of U.S. production facilities, we are reviewing and comparing various scenarios to respond flexibly to policy changes in the U.S.” Meanwhile, rivals Hyundai Motor Group and POSCO Group are joining forces to strengthen their position in the U.S. steel market. On April 21, the two companies signed a Memorandum of Understanding (MOU) for comprehensive cooperation in steel and secondary battery materials. Through this partnership, POSCO Group is considering investing equity in Hyundai Motor Group’s electric arc furnace (EAF) steel mill project in Louisiana, as well as potentially handling direct sales of some of the plant's output. Hyundai Motor Group’s Louisiana steel mill, with a total investment of USD 5.8 billion, will be a vertically integrated facility specializing in automotive steel sheets—from raw materials to finished products. The mill is designed to produce high-quality products with lower carbon emissions compared to blast furnaces, and it is expected to have an annual output capacity of 2.7 million tons of hot-rolled and cold-rolled steel sheets. Hanwha Group is actively targeting the U.S. market, with Hanwha Qcells responding to local demand through its “Solar Hub,” the largest integrated solar production complex in North America. Hanwha Ocean is also focusing on U.S. expansion, having acquired the Philly Shipyard in Philadelphia last year for approximately USD 100 million. ChatGPT를 사용하여 번역한 기사입니다.

2025-05-22 16:31:56 메트로신문 기자

"K-Power Equipment Running at Full Capacity... ₩20 Trillion Orders Drive U.S. Investment Expansion"

As Global Electricity Demand Surges, Korean Power Equipment Firms Enter Boom Cycle As global electricity demand surges, Korean power equipment manufacturers are experiencing a boom in orders. In particular, demand for key facilities such as ultra-high voltage transformers is rapidly increasing in the U.S. market. Despite tariff risks, Korean companies are accelerating local investment and expanding production facilities. According to industry sources on the 21st, the Korean power equipment industry has entered a super-cycle, with near full-capacity operation driven by rising sales in high-margin North America. HD Hyundai Electric’s average operating rate in Q1 reached 95.9%, while Hyosung Heavy Industries recorded an average of 94.19% for the same period. Order backlogs have also reached record highs. HD Hyundai Electric and Hyosung Heavy Industries have backlogs of KRW 9.51 trillion and KRW 10.83 trillion, respectively. Notably, U.S.-bound orders make up a significant portion, with North America accounting for 38% of HD Hyundai Electric’s Q1 sales and approximately 65% of its backlog. In line with growing power demand, companies are actively expanding investments in the U.S. The Federal Energy Regulatory Commission (FERC) projects that U.S. electricity demand growth will rise from 2.6% in 2023 to 4.7% by 2028. In 2023 alone, U.S. private utilities invested more than USD 170 billion in power generation and infrastructure—nearly double the level seen during previous CAPEX expansion periods. While tariff risks loom large, the ultra-high voltage transformer market remains supply-constrained, giving sellers strong pricing power. Many industry insiders believe that, even if tariffs materialize, the added costs can be partially passed on to buyers through higher sales prices. Indeed, the U.S. is experiencing a "shortage phenomenon," where supply falls short of soaring demand, intensifying the imbalance in the market. In response, Korean firms are working to establish local production systems in the U.S., making them less vulnerable to tariff policies. HD Hyundai Electric plans to invest KRW 185 billion to build a second plant in Alabama by 2027, aiming to manufacture 765kV-class ultra-high voltage transformers. Hyosung Heavy Industries is also considering expanding production at its Memphis plant from 130 to 250 units annually—almost doubling capacity. This comes just a year after investing KRW 70 billion to increase output to 160 units per year, indicating a swift response to rising local demand. Industry executives are also engaging in diplomatic efforts with U.S. policymakers to address tariff-related challenges and strengthen Korea-U.S. cooperation. Kim Young-ki, CEO of HD Hyundai Electric, is ramping up lobbying efforts in the U.S. In Q1, he spent approximately KRW 170 million through the U.S. law firm Squire Patton Boggs on lobbying related to "trade issues affecting power transformers and Korea-U.S. bilateral trade relations." Hyosung Chairman Cho Hyun-joon also attended the Cherry Blossom Summit in Washington, D.C. at the end of March, where he met with former Trump administration officials including Energy Secretary Chris Wright, HUD Secretary Scott Turner, and U.S. senators. His active engagement in informal diplomacy underscores the strategic importance of the U.S. market. BNK Securities researcher Lee Sang-hyun commented, "Although uncertainties related to tariffs and a potential slowdown in AI data center investment are rising, the industry has not yet felt a significant impact. With lead times stretching over four years and aging infrastructure needing replacement, coupled with growing electrification demand, the current boom cycle is likely to continue." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-21 16:44:17 메트로신문 기자

"Leading the Era of Physical AI"… Government Launches 1 Trillion Won 'On-Device AI Semiconductor' Development Project

Government Launches 1 Trillion Won 'K-On-Device AI Semiconductor Technology Development' Project with Key Industries The government is launching a 1 trillion-won project to develop 'K-On-Device AI Semiconductor Technology,' partnering with semiconductor demand and supply companies across four key sectors: automotive, Internet of Things (IoT) and home appliances, machinery and robotics, and defense. On the 20th, the Ministry of Trade, Industry, and Energy (MOTIE) held an 'AI Semiconductor Collaboration Forum' at the Westin Chosun Hotel in Seoul, where they signed memorandums of understanding (MOUs) for technological cooperation with domestic fabless companies (semiconductor design firms) and demand companies. On-device AI semiconductors are next-generation chips that can be directly embedded in devices such as smartphones, cars, and robots, allowing them to perform AI computations without the need for connection to servers or the cloud. Their strengths include real-time computation, high security, low network dependency, and low power consumption. This project, which amounts to a total of 1 trillion won, is focused not only on the development of on-device AI semiconductors but also on related software, modules, and AI models. It aims to develop a full-stack solution and apply it to real-world industries through practical demonstrations. Demand companies, including Hyundai Motor, LG Electronics, Doosan Robotics, Daedong, and Korea Aerospace Industries (KAI), are participating from the planning phase of the project, forming a "dream team" with domestic fabless and software companies to collaborate on everything from technology development to mass production. The Ministry of Industry is currently fast-tracking procedures such as applying for exemption from preliminary feasibility studies. The goal is to start government funding as early as next year. Over the past six months, the Ministry has received 193 technology demands, carefully reviewing their industrial impact and competitiveness. Based on this, four priority sectors for support were selected, and six detailed development projects were identified. Specifically, these projects include: ▲AI chips for autonomous vehicles that can operate even in unstable communication environments ▲Smart home semiconductors that enable family-customized lighting and temperature/humidity control ▲Chips for humanoid robots that interact with humans ▲Defense semiconductors for unmanned aerial vehicles (UAVs) capable of autonomous decision-making and precise strikes without communication At the forum, fabless companies demonstrated their on-device AI semiconductor technologies under development and shared collaboration plans and business models with demand companies. After the technology development phase, the government plans to strengthen the supply chain and expand the industrial ecosystem through follow-up support, including standardization, certification, supply chain establishment, and domestic and international marketing. Minister of Industry Ahn Deok-geun stated, "Just as Intel ruled the PC era, Apple led the mobile era, and Nvidia dominated the generative AI era, we are now transitioning into the era of physical AI, where the market is waiting for a new leader." He emphasized, "The government will swiftly promote the 'K-On-Device AI Semiconductor' technology development project to ensure that South Korea can become a leader in the physical AI era." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-20 16:49:22 메트로신문 기자

Lotte Chemical Aims for Second Half Performance Rebound... Indonesia Plant Expected to Start Operations

Lotte Chemical Builds Optimism for Recovery After Three Years of Losses Lotte Chemical is growing more optimistic about a recovery in its performance, overcoming three consecutive years of losses. The company is making significant strides in improving profitability, thanks to ongoing cost-reduction efforts and the effects of restructuring. With asset sales and other measures to improve its financial structure, the potential for a shift to positive cash flow this year is becoming more likely. According to industry sources on the 19th, Lotte Chemical is expected to benefit from a decrease in naphtha prices starting in the second half of this year, which will ease its raw material costs. The naphtha price hit a low of $551 per ton on the 16th, marking the lowest level of the year. This represents an 18% drop compared to the average price of $673 per ton in January. Lotte Chemical operates naphtha cracker-based facilities, so it is highly sensitive to fluctuations in raw material prices. Given the high proportion of fixed costs in the petrochemical industry, the drop in naphtha prices is seen as a crucial factor that could reduce the company’s deficit. Some analysts predict that the impact of the naphtha price drop could be reflected with a delay due to the lagging effect of price adjustments and scheduled maintenance, which could temporarily increase the loss margin in the second quarter. However, many experts agree that product profitability is not expected to worsen. In addition, the effects of Lotte Chemical’s $5 billion investment in its Indonesia Line project are expected to take full effect starting next year. This large-scale investment, made amid declining profitability in the petrochemical industry due to oversupply from China, has been a focal point. The company has reduced its stake in the Indonesia project from 49% to 24%, easing its financial burden. Lotte Chemical is also managing its debt ratio, which has steadily improved, ensuring solid financial health. As of the first quarter, the company’s debt ratio stood at 71.53%, a slight decrease from 72.87% in the previous year. While this is still higher compared to 65.46% in 2023, the company has maintained a balanced debt-to-asset ratio, continuing to follow an optimal capital structure. Despite recording an operating loss of KRW 126.6 billion in the first quarter, marking its sixth consecutive quarter of losses, Lotte Chemical showed signs of improvement. The company reduced its loss margin compared to KRW 135.3 billion in operating loss for the same period last year, thanks to spread improvements, cost-saving measures, and favorable currency effects. Although it was difficult to avoid the effects of maintenance, which is expected to be completed by June 16, analysts anticipate that performance improvements will be seen after the second quarter. Lotte Chemical is also actively improving its financial structure and cash flow through an asset-light strategy. The company is restructuring low-efficiency businesses and selling non-core assets, including the closure of its synthetic rubber business in Malaysia and the sale of its high-purity terephthalic acid (PTA) subsidiary in Pakistan and all of its shares in Japan's Rezonac early this year. However, some analysts caution that oversupply issues in China and the Middle East could persist, and monitoring market trends in these regions will be important. There are also concerns that the improvement in profitability from the drop in naphtha prices may be temporary. Naphtha price volatility could increase depending on external factors, such as decisions made by OPEC and the recovery of global demand. Lee Yong-wook, a researcher at Hanwha Investment & Securities, stated, "The NCC spread is gradually improving, and Lotte Chemical’s loss margin is shrinking. However, the second quarter may see a slight temporary increase in losses due to maintenance impacts." He added, "The easing of U.S.-China tensions and China’s domestic stimulus policies are expected to positively impact the company. Through the sale of its Pakistan subsidiary and the liquidity of Rezonac shares, cash flow improvement and reduced interest expense burden are expected." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-19 16:32:37 메트로신문 기자

"AI, Gaming, and Camera – All in One"… Qualcomm Unveils 'Snapdragon 7 Gen 4'

Qualcomm Technologies announced on the 18th the release of its next-generation mobile platform, the Snapdragon 7 Gen 4 Mobile Platform, aimed at the mid-premium smartphone market. A Qualcomm spokesperson stated, "The Snapdragon 7 Gen 4 is the latest platform in the Snapdragon 7 series, designed to enhance the multimedia experience that users prefer and deliver overall powerful performance. Several global manufacturers are expected to adopt it." The new platform boasts significant improvements over its predecessor, including a 27% increase in central processing unit (CPU) performance, a 30% boost in graphics processing unit (GPU) rendering speed, and over a 65% enhancement in artificial intelligence (AI) performance. These improvements greatly enhance core user experiences such as photography, video recording, gaming, and AI-based functionalities. In particular, the platform features advanced image processing technology and the "Snapdragon Elite Gaming" function, providing immersive action game play and clear photographic performance. It also supports innovative features such as an on-device generative AI assistant and large language models (LLM). For the first time in the series, the platform includes a Stable Diffusion-based image generation feature, enabling users to easily create content on their mobile devices. Chris Patrick, Senior Vice President and Head of Qualcomm’s Mobile Handsets Division, stated, "We bring the user experience enabled by AI to the hardware level, making it easier for users to create and share content." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-18 16:32:54 메트로신문 기자

Hyundai Motor Establishes Middle East Strategic Base… Groundbreaking of Saudi Factory

Hyundai Motor Group Intensifies Its Push into the High-Potential Middle East Market Hyundai Motor Group is making a strong move to target the Middle East market, which is regarded as a land of endless growth potential. On the 14th (local time), Hyundai Motor held the groundbreaking ceremony for its first factory in Saudi Arabia at the site of the Hyundai Motor Saudi Manufacturing Company (HMMME) in the King Salman Automotive Industrial Park. The company announced the event on the 15th. HMMME is a joint venture in which Hyundai Motor holds a 30% stake, and the Saudi sovereign wealth fund holds 70%. The factory is set to produce a mix of electric and internal combustion engine vehicles, with an annual production capacity of 50,000 units, aiming to start operations in the fourth quarter of next year. Through this project, Hyundai plans to strengthen its mobility alliance with Saudi Arabia, which is focusing on growing its automotive industry as part of its Vision 2030, which aims for a future beyond oil. Jang Jae-hoon, Vice Chairman of Hyundai Motor Group, stated, "This groundbreaking ceremony marks the beginning of a new era for both Hyundai and Saudi Arabia. It will lay the foundation for opening a new chapter in future mobility and technological innovation." Yazed Al Humeid, Deputy Governor of the Saudi sovereign wealth fund, emphasized, "HMMME will be a key milestone in the development of the Saudi automotive industry. Through continued partnership with Hyundai, we will accelerate the growth of the mobility ecosystem." Saudi Arabia is a strategic core base for Hyundai's Middle East market efforts. Last year, Hyundai sold 135,878 units in Saudi Arabia, an 8.7% increase compared to the previous year (120,029 units). In the first quarter of this year, Hyundai sold 35,000 units, marking a 25% increase over the same period last year (28,000 units). As of the first quarter, Hyundai's market share in Saudi Arabia stood at 16.1%, ranking second after Toyota (26%), with Kia in third place (8.3%). Hyundai aims to sell 140,000 units in Saudi Arabia this year. Hyundai Motor Group Heightens Expectations for Middle East Market Growth There is increasing optimism regarding Hyundai Motor's push into the growing Middle East market. Last year, Hyundai sold 227,000 units in the region, a 2% increase compared to the previous year. In the first quarter of this year, Hyundai sold 60,000 units, marking a 10.1% increase compared to the same period last year. Hyundai, in collaboration with the Saudi Arabian sovereign wealth fund, plans to combine Hyundai's innovative manufacturing technologies with Saudi Arabia’s talent and infrastructure to establish the Hyundai Motor Saudi Manufacturing Company (HMMME) as a key hub to accelerate the growth and development of the Saudi mobility ecosystem. Vice Chairman Jang Jae-hoon stated, "We hope that HMMME will contribute to Saudi Arabia’s Vision 2030 by fostering local talent with mobility technology development capabilities." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-15 16:40:34 메트로신문 기자

"Beyond Smartphones, Into Automotive Electronics"… Samsung Electro-Mechanics and LG Innotek Compete in 'Differentiation' in Automotive Components

Samsung Electro-Mechanics and LG Innotek Expand into Automotive Electronics Market Samsung Electro-Mechanics and LG Innotek are shifting away from their smartphone and IT-centric business models and expanding into the automotive electronics (automotive electronics components) market to secure future growth engines. Both companies are focusing on gaining a competitive edge in the rapidly growing automotive electronics market with distinct strategies. According to market research firm Grand View Research on the 13th, the global automotive electronics market is projected to grow from approximately $262.6 billion in 2023 to $468 billion by 2030, with an annual growth rate of 8.6%. Samsung Electro-Mechanics Expands into Automotive Electronics with MLCC and Camera Modules Samsung Electro-Mechanics is expanding its core products, multilayer ceramic capacitors (MLCC) and camera modules, into the automotive electronics market. In particular, electric vehicles and those equipped with advanced driver-assistance systems (ADAS) use up to 10 times more MLCCs than regular vehicles, and the cost per unit is 2-3 times higher than for IT applications, making it a highly profitable segment. Currently, Samsung Electro-Mechanics holds a 13% share of the global automotive MLCC market, ranking third. The company is targeting $2 billion in automotive component sales this year. Recently, Samsung Electro-Mechanics began supplying automotive MLCCs to BYD, China’s largest electric vehicle manufacturer. Additionally, the company developed ultra-small, high-voltage MLCCs for use in LiDAR systems for autonomous vehicles and received the AEC-Q200 certification, a standard for automotive electronic component reliability. Samsung Electro-Mechanics is also making significant progress in transitioning its camera modules for automotive use. Last year, the company developed an all-season "weatherproof" camera module featuring water-repellent coating and lens heating technology. The modules are expected to be supplied to automakers, including Hyundai and Kia, by the end of the year. LG Innotek Focuses on Vehicle Sensing Solutions as Future Growth Engine, Expands into Advanced Modules In contrast, LG Innotek is positioning vehicle sensing solutions as its future growth engine, focusing on the development of integrated products such as LiDAR, automotive cameras, communication and lighting modules. Notably, the company plans to begin mass production of vehicle application processor (AP) modules in the second half of this year. The AP module is a core device that acts as the "brain" of various electronic systems inside vehicles. Despite its compact size of just 6.5 cm, it is a high-performance product containing more than 400 components. LG Innotek is also strengthening its patent competitiveness. Over the past five years, the company has filed more than 3,500 patents related to automotive electronics, with automotive electronics accounting for 40% of its total patents. Additionally, it holds eight international standard patents in the electric vehicle communication controller (EVCC) field. However, LG Innotek’s revenue share from automotive components is still relatively small. Last year, the automotive business generated KRW 1.94 trillion in sales, accounting for 9.2% of the total revenue, and in the first quarter of this year, sales decreased by 5% year-on-year to KRW 467.5 billion due to the slowdown in electric vehicle demand. Nevertheless, the company continues to show gradual growth, particularly in high-value products such as communications and lighting, and its order backlog has increased by 27% year-on-year to KRW 13.6 trillion, indicating ample growth potential. LG Innotek aims to achieve KRW 5 trillion in automotive sales and over KRW 2 trillion in sensing solutions by 2029. Industry experts analyze that while Samsung Electro-Mechanics has focused on securing immediate profitability, LG Innotek is prioritizing future growth. One industry insider explained, "Samsung Electro-Mechanics is expanding its existing strengths in MLCCs and camera modules into the automotive sector, generating stable revenue, while LG Innotek is investing in future technologies like sensing and integrated modules, focusing on securing long-term competitiveness." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-14 16:36:17 메트로신문 기자

"From Oil Discovery to Production"... SK Earthon Accelerates Vietnam 'Clustering' Strategy

SK Implements Cluster Strategy in Southeast Asia to Expand Oil Development Projects "SK is using a country-based clustering strategy in Southeast Asia, focusing on key regions. Based on the data and know-how gathered from the 15-1 oil field, where we first entered in 1998, we are expanding our oil development activities closer to Vietnam," said Choi Jeong-won, the head of SK Earthon’s Ho Chi Minh office, on the 12th. On that day, SK Innovation conducted a site tour of the PTSC M&C yard in Vietnam's Vung Tau, where its oil development subsidiary, SK Earthon, is involved. Choi’s comments reflected the company’s commitment to implementing its core-region concentration strategy in Southeast Asia, a promising market for resource development. This strategy is aimed at achieving significant results in resource development and establishing SK as a leading global energy resource development company. ◆'90-Meter-Tall' Oil Refinery Tower Above Vietnam's Seas At the construction site, welding work was in full swing. The most notable sight was the production platform being built for the Golden Camel structure at the 15-1/05 oil field, which is scheduled to be installed. The structure stands at a total height of 90 meters, with a 60-meter jacket at the bottom and a 30-meter topside. The total weight of the platform is approximately 8,000 tons. The jacket serves as the lower support for the oil production platform, while the topside includes facilities for gas treatment, drilling, and living quarters, installed at the top of the platform. The company explained that this work is part of the development phase of the Golden Camel project. After exploration and feasibility assessments, the project has entered the stage of preparing for full-scale production. The jacket is expected to be completed by July, while the topside is scheduled to be finished by August of next year. This production platform, with a total investment of 400 billion KRW, is being constructed over 2.5 years and will serve as a base for offshore oil production until 2039. SK Earthon’s resource development efforts in Vietnam are progressing steadily at each of its oil fields. In April, oil was successfully discovered at the Red Camel structure adjacent to the Golden Camel structure in the 15-1/05 oil field, and earlier in January, oil was also discovered at the Golden Sea Lion structure in the 15-2/17 oil field, marking promising developments. These fields, like the 16-2 oil field, where oil was discovered in November 2023, are located in the Vietnam Cuu Long Basin and are confirmed to contain large reserves of high-quality crude oil. As a result, rapid commercialization through coordinated development with neighboring fields is expected. ◆"SK Earthon Aims to Produce 40,000 Barrels of Crude Oil Daily in Southeast Asia Within 10 Years" There is a strong reason behind SK Earthon’s choice of Vietnam as its Southeast Asian resource development hub. Vietnam, the largest oil producer in Southeast Asia, is known to have around 4.4 billion barrels of resources, including oil and gas. The areas with the highest resource reserves include the Cuu Long Basin, the Nam Con Son Basin, and the Song Hong Basin. Vietnam is considered a key base for SK Earthon’s energy resource development in Southeast Asia, with the company holding fields for production (15-1 oil field), development (15-1/05 oil field), and exploration (16-2 oil field, 15-2/17 oil field). Notably, the 15-1 production field, which began producing oil in 2003, is SK Earthon’s core asset in Vietnam, producing an average of approximately 3,300 barrels per day (as of 2025) based on SK’s stake. This field is also the second-highest cumulative producer in Vietnam, with plans for additional infrastructure development in the second half of this year. An SK Earthon official said, “We are pushing forward with our Southeast Asia resource development business, with Vietnam at the forefront. Based on our success in Vietnam, we will succeed in resource development in Malaysia and Indonesia, which will drive SK Innovation’s performance.” The company aims to produce 40,000 barrels of crude oil daily, equivalent to Peru's oil production levels, in Southeast Asia, including China, Vietnam, Malaysia, and Indonesia, within the next decade. SK Innovation's energy resource development in Peru began in 1996 with the acquisition of stakes in the 8th oil field, followed by expansions into the 88th and 56th fields. SK Earthon plans to continue identifying new resource development markets based on its successful experience in Peru. No Jung-yong, SK Earthon’s Southeast Asia business head, commented, "SK Earthon’s resource development in Vietnam, based on stable production from the 15-1 oil field, is expected to play a key role as a stable cash cow for the company when production from the three major fields is added, continuing SK Earthon’s success in Peru." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-13 15:10:30 메트로신문 기자

Hyundai Motor Group Drives to Become Global No. 2 in Sales, Targets China and Russia Markets.

Hyundai Motor Group Accelerates Push to Become Global No. 2 Automaker Hyundai Motor Group is driving its efforts to become the global No. 2 automaker. Despite the global automotive market contraction caused by the worldwide economic downturn, Hyundai and Kia have found a breakthrough with their localization strategies. Notably, they are narrowing the gap with the struggling Volkswagen Group, the current No. 2, and are rapidly catching up. According to industry sources on the 12th, Hyundai is focusing on the recovery of sales in the Chinese and Russian markets. In China, the world’s largest automotive market, Hyundai is preparing to re-enter the market with new electric vehicles. In Russia, the company is preparing to re-enter by reacquiring its factory and registering trademarks. China and Russia are key regions for Hyundai Group to expand its sales. Hyundai and Kia reached their peak in 2016, selling 1.8 million vehicles in China. However, after the 2017 THAAD (Terminal High Altitude Area Defense) crisis, sales sharply dropped, and they only sold 204,573 units last year. Out of five plants in China, the Beijing Plant 1 (in 2021) and the Chongqing Plant (in 2024) were already sold, and the Changzhou Plant in Jiangsu Province, which began operations in 2016, is also in the process of being sold. In Russia, Hyundai sold about 400,000 units annually in 2021, ranking No. 1 in the market, but sales sharply declined following the Russia-Ukraine war, and Hyundai withdrew from the market. At the end of 2023, Hyundai sold its St. Petersburg plant for just 100 won. However, due to an option allowing repurchase within two years, the company is expected to make a decision on the matter by the end of the year. If Hyundai Group recovers its sales in China and Russia, surpassing Volkswagen Group’s sales is only a matter of time. Hyundai and Kia sold a total of 7.231 million vehicles globally last year, while Volkswagen Group sold 9.027 million vehicles, a gap of about 1.8 million units. Notably, looking at the global sales declines of both companies, Hyundai and Kia saw a decrease of about 1% year-on-year, while Volkswagen Group's sales dropped by 2.3%. Hyundai and Kia are intensifying their localization strategies to capture the Chinese and Russian markets. Hyundai and Beijing Hyundai Unveil Electric SUV 'Elexio' at 2025 Beijing International Motor Show Hyundai Motor and its joint venture with Beijing Automotive, Beijing Hyundai, recently unveiled the electric SUV 'Elexio' at the 2025 Beijing International Motor Show. The vehicle is a mid-size SUV electric car that was developed in-house by Beijing Hyundai to cater to the local Chinese market. Although the Elexio is based on an internal combustion engine platform, it incorporates design features, infotainment functions, and advanced driver assistance systems (ADAS) tailored to Chinese consumer preferences. Beijing Hyundai plans to introduce a total of six electric vehicles in the Chinese market by 2027, starting with the Elexio. With discussions about the end of the Russia-Ukraine war, Hyundai and Kia are focusing on re-entering the Russian market. The Russian government has significantly raised the recycling fee (effectively a tariff) on imported vehicles, which could harm Chinese manufacturers that focus on export sales without local factories. If Hyundai re-acquires its local factory, it would be in an advantageous position. An industry insider commented, "As the North American market remains uncertain due to tariffs, the Chinese and Russian markets are critical regions for Hyundai Group to expand its global market share." Lee Seo-hyun, Senior Researcher at the Korea Automotive Technology Institute, stated, "The Russian market will rely more on a localization strategy suited to high-cost, high-regulation environments and on building trust in quality rather than short-term profits. Given the high uncertainty, only global manufacturers like Hyundai Group can devise proper re-entry strategies." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-12 16:37:32 메트로신문 기자

Major domestic IT service companies accelerate their efforts to target the B2G market.

B2G (Business-to-Government) Market Gaining Momentum in Korea's IT Service Industry The once-overlooked B2G (Business-to-Government) market, due to low profitability and complicated procedures, is now gaining traction in South Korea's IT service industry. This shift is attributed to the accelerated digital transformation, the effectiveness of service validation based on improved technology reliability, and the need for public sector references for global expansion. According to a report by Metro Economic News on the 11th, major IT service companies such as Samsung SDS, LG CNS, SK C&C, and CJ OliveNetworks are ramping up their efforts to target the B2G market. Samsung SDS is increasing its involvement in B2G projects in line with the government's "Digital Platform Government" policy. The digital platform government aims to address social issues and create new value by connecting all data in a digital platform, where citizens, businesses, and the government collaborate. The Ministry of Science and ICT and the Ministry of the Interior and Safety are pushing forward the adoption of generative AI and the transition to cloud-native systems as part of the digital platform government initiative. As cloud and AI technologies become crucial for nationwide services, Samsung SDS, the leading IT service company in Korea, is expanding its influence in the public sector market. Samsung SDS, a private cloud service provider at the National Information Resources Management Agency’s Daegu center, has secured a foundation for hosting key public institution information systems securely. Additionally, by preparing for business in areas requiring new technologies like generative AI, co-pilot systems, and data platforms, Samsung SDS successfully won contracts in the first quarter for the National Assembly's AI big data platform construction and the Ministry of the Interior and Safety’s next-generation local administrative common system (ISMP). Lee Se-geon, Samsung SDS's Executive, stated, "Through participation in public sector projects, we aim to secure successful examples of generative AI and position ourselves as a key player in the government's push for intelligent digital platforms." He added, "The government has created a framework for large corporations to participate in public projects, and the environment is shifting to favor businesses with technological capabilities. Samsung SDS will expand its business with differentiated competitiveness." LG CNS is accelerating its entry into overseas B2G markets, leveraging its experience in domestic public sector projects. Recently, LG CNS signed a contract with the New York City Economic Development Corporation for a pilot project involving the installation of electric vehicle (EV) charging stations and a control system. As part of the project, LG CNS will set up EV chargers, related facilities, a maintenance control system, and an app for charging station usage at the Brooklyn Army Terminal, an industrial complex in New York. Additionally, LG CNS has partnered with the city government of Hogansville, Georgia, to implement a smart streetlight and control system. The project aims to install smart streetlights, integrated with smart city and IoT technologies, in the downtown and park areas of Hogansville. Kim Min-seop, Team Leader at LG CNS, stated, "Building on our business references with the Korean government and public institutions, we are now working on various projects with the U.S. government and public institutions. These projects will help us strengthen our position in the U.S. public sector market." CJ OliveNetworks is expanding its B2G operations as part of its business diversification strategy. The company is pursuing smart city projects (Sejong National Pilot City, Cheonan-based smart city) and smart education projects (EdTech), while also expanding its portfolio into smart finance and smart transportation. SK C&C is also showing interest in government contracts. An SK C&C representative commented, "For public sector projects, we first check if large corporations are eligible to participate, and if the project meets our criteria, we actively engage." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-11 16:13:07 메트로신문 기자

U.S. Residential Solar Market Revives… Hanwha Solutions Expects to Expand Module Supply

Hanwha Solutions Expected to Benefit from Growth in U.S. Residential Solar Market There are rising expectations that the U.S. residential solar market will return to a growth trajectory starting this year, and Hanwha Solutions, which has the capability to produce its own solar modules, is anticipated to benefit from this market improvement. In particular, the residential solar lease business (TPO) is expected to establish itself as a model that generates stable cash flow. According to industry sources on the 8th, the U.S. residential solar market is projected to grow by 14% this year compared to the previous year. A key factor driving this growth is the expansion of the residential solar lease business (TPO). TPO involves corporations directly installing decentralized solar systems for homes without the upfront cost to consumers, while taking advantage of investment tax credits (ITC) and bonus incentives. Hanwha Solutions is focusing on the U.S. residential solar energy business as a new growth engine. After launching the TPO product last year, the company’s U.S. subsidiary, Enfin, has signed over 10,000 contracts in six states. Consumers can use solar equipment without the initial installation costs, while Hanwha Solutions generates long-term revenue from electricity sales. While U.S. residential solar market revenue fell by 19% last year, this is seen as a temporary phenomenon. It is believed that external factors, such as the bankruptcies of major U.S. installers like SunPower and lower-than-expected interest rate cuts, played a role. However, the growth of the residential solar lease business and the ITC tax credits are expected to accelerate the widespread adoption of residential solar systems. Some industry observers argue that while the U.S. residential market is recovering, the TPO business is still in the stage of building its foundation, meaning its immediate profitability may be unclear. Nonetheless, considering the market structure shift and the growing share of residential solar, many in the industry believe that Hanwha Solutions is likely to benefit in the medium to long term. Hanwha Q Cells, a subsidiary of Hanwha Solutions, has maintained the number one market share in the U.S. residential solar market since 2020, and is expected to have significant growth potential moving forward. Moreover, with the recent surge in home electricity bills due to inflation in the U.S., demand for residential solar systems is expected to rise further. In addition, Hanwha Solutions saw a year-on-year increase in both revenue and operating profit for the renewable energy sector, posting KRW 1.5992 trillion in sales and KRW 136.2 billion in operating profit for the first quarter. The U.S. residential energy business has played a key role in improving profitability. Expectations are also high for the operation of new U.S. factories later this year. Once the Hanwha Solutions Gasturbine plant is completed, the company is expected to strengthen its competitiveness through vertical integration in the solar business. As the U.S. continues to tighten its stance on China, the "manufacturing vertical integration" approach is expected to enhance the credibility of Hanwha Solutions and increase preference for its products. An industry official commented, "TPO is significant because it has transformed the solar module business into a subscription-based model. Previously, solar companies generated revenue through one-time installations, leading to significant fluctuations in income. Through this business, Hanwha Solutions can now establish a stable income base." ChatGPT를 사용하여 번역한 기사입니다.

2025-05-08 17:10:06 메트로신문 기자

K-Batteries Undermined by Cheap Chinese Materials… Calls for Government Support Grow

Calls Grow for Government Support as Korean Battery Makers Remain Heavily Dependent on Low-Cost Chinese Materials As South Korean battery manufacturers increasingly rely on low-cost Chinese materials, there is mounting demand for stronger government support. While domestic firms are pursuing a “China Plus One” strategy in response to U.S.-led pressure to reduce dependence on China, they face significant challenges—such as high switching costs, delivery uncertainties, and issues with product quality and specifications. Industry insiders warn that if the domestic materials industry weakens further, Korea could be left vulnerable to future price hikes from China without effective countermeasures. According to industry sources on the 7th, the combined global market share of Korea's three major battery makers—LG Energy Solution, Samsung SDI, and SK On—stood at only 18.4% last year. Meanwhile, the share of Korean-made materials in their supply chains continues to decline. In contrast, Chinese suppliers are expanding their market presence with highly competitive prices. Chinese anode materials are reportedly priced at just $3 to $4 per kilogram—less than half the cost of Korean alternatives. With strong government backing and large-scale production capabilities, Korean firms’ reliance on China is deepening. A report from the Korea International Trade Association (KITA) revealed that as of last year, around 70% of Korea’s battery material imports originated from China. Specifically, 72% of cathode materials and 68% of anode materials were sourced from China. Although Korean firms are trying to diversify their supply chains, they remain dependent on Chinese materials for the stable procurement of key components. LG Energy Solution, for example, revised its contract with China’s Shengzhou Riwan to increase its supply of LFP cathode materials from 160,000 tons over five years to 260,000 tons. The contract, worth more than KRW 2 trillion, is considered the largest of its kind in the global LFP cathode market to date. SK On also signed a deal in March with Dangsheng Technology to secure 17,000 tons of high- and mid-nickel cathode materials by 2027, worth approximately KRW 430 billion. Negotiations are underway for an additional 110,000 tons. Meanwhile, Samsung SDI signed a supply agreement with China’s Senior Technology for separators sufficient to produce batteries for 5 million electric vehicles. Industry players say strong government backing is crucial. China has established a solid battery ecosystem by offering subsidies only to electric vehicles and batteries made with domestically sourced materials. Combined with lower electricity and labor costs, China continues to dominate the cost competition. The South Korean government is also stepping up support to bolster battery industry competitiveness. In March, it announced a plan to provide up to KRW 1 trillion in financial aid to companies that purchase key secondary battery materials—such as separators and electrolytes—from domestic suppliers. However, despite recent improvements in first-quarter results among materials companies, uncertainties remain over whether they can sustain growth—especially as major battery makers are still posting operating losses. Given the volatility of market conditions and policy directions, many argue that additional, practical support measures are urgently needed. An industry insider commented, “Most battery components and materials are imported, so the actual benefits to domestic production are limited. It’s difficult for companies alone to compete with China's pricing power, so the government needs to step in with real solutions—such as tax incentives and direct rebate programs.” ChatGPT를 사용하여 번역한 기사입니다.

2025-05-07 16:29:12 메트로신문 기자

SK On Publishes Solid-State Battery Breakthrough in Academic Journal… Strengthens Collaboration with Academia

SK On Accelerates Next-Gen Battery Race with Breakthroughs in Solid-State Technology SK On is stepping up its efforts to lead next-generation battery innovation, publishing consecutive research breakthroughs on solid-state batteries—often referred to as the "dream battery"—in prestigious international academic journals. The company aims to secure technological leadership through academic collaboration and scientific advancement. On the 6th, SK On announced that it had successfully improved the lifespan of sulfide-based solid-state batteries in joint research with Professor Kim Dong-won’s team at Hanyang University. The research focused on enhancing battery safety and longevity by forming a protective layer on the surface of lithium metal anodes. This study was published in the April edition of ACS Energy Letters, a globally recognized journal in the energy and chemistry fields. Both domestic and international patent applications for the technology have been filed. Lithium metal, a promising next-generation anode material for solid-state batteries, offers nearly 10 times the capacity of conventional graphite and boasts a lower electrochemical potential, making it key to achieving higher energy density and output. However, lithium metal is highly reactive in air, causing irregular inorganic deposits on its surface. These deposits hinder lithium-ion mobility, reduce charging/discharging efficiency, and trigger dendrite formation, which shortens battery lifespan. To tackle these issues, SK On immersed lithium metal anodes in a special solution to remove the inorganic compounds and formed a protective layer composed of highly conductive lithium nitride (Li₃N) and mechanically robust lithium oxide (Li₂O). This significantly improved interfacial stability, allowing more than 300 charge-discharge cycles at room temperature—tripling the lifespan compared to existing metal-anode batteries. In a separate study, SK On collaborated with Professor Park Jong-hyuk’s team at Yonsei University to investigate the relationship between gel polymer electrolyte (GPE) curing time and battery lifespan in polymer-oxide composite batteries. The research was published in Angewandte Chemie, a leading international chemistry journal, in February. The study found that longer thermal curing times for GPEs led to better battery performance retention. Batteries using electrolytes cured for 60 minutes showed only a 9.1% reduction in discharge capacity, while those cured for just 20 minutes exhibited a drop of approximately 34%. Shorter curing times resulted in rapid degradation of the cathode protection layer, thereby reducing battery life. In this research, SK On used density functional theory (DFT) quantum mechanical calculations to identify how and why the cathode’s surface protection layer deteriorates during the initial charging phase—providing new insight into the mechanisms behind performance loss. Park Ki-soo, head of R&D at SK On, stated, “These results are the fruits of SK On’s persistent R&D efforts and technological strength, realized through collaboration with academia. They lay a crucial foundation for overcoming technical challenges in solid-state battery development—seen as the next big thing in the battery industry.” ChatGPT를 사용하여 번역한 기사입니다.

2025-05-06 16:28:55 메트로신문 기자

AK ChemTech Bets on 'Sodium-Ion Batteries' to Escape Slumping Earnings

AK ChemTech Shifts Business Focus to Battery Materials, Targets Growth with Sodium-Ion Battery Hard Carbon AK ChemTech is transitioning its business structure, aiming to position battery materials as a future growth engine. The company is intensifying the development of hard carbon for sodium-ion batteries (SIBs), moving away from its traditional petrochemical-centered operations in an effort to improve profitability through new business areas. According to industry sources on the 29th, AK ChemTech has identified "hard carbon" as a key driver for a turnaround in its performance. The company expects the commercialization of sodium-ion batteries to occur around 2027 and plans to complete factory expansions and cost reductions by 2026. This strategy reflects optimism that growing demand for alternatives—spurred by instability in the lithium supply chain and soaring prices—will favor sodium-ion batteries as a promising option. In battery operation, ions move between the anode and cathode during charging and discharging. While lithium ions are small, sodium ions are larger, requiring hard carbon with a wider lattice structure to accommodate their movement. Adding to market expectations, CATL—the world’s largest EV battery maker—recently unveiled a next-generation sodium-ion battery with performance similar to lithium iron phosphate (LFP) batteries, significantly boosting optimism for the sector. Sodium-ion batteries are generally cheaper and safer than conventional lithium-ion batteries, but have traditionally been criticized for shorter lifespan and longer charging times relative to weight. However, CATL’s technological breakthroughs addressing these shortcomings are expected to accelerate the adoption of sodium-ion batteries. Against this backdrop, AK ChemTech—the only domestic company currently mass-producing materials for sodium-ion batteries—could benefit from mid- to long-term market growth. AK ChemTech has been grappling with sluggish earnings since 2023. Last year, the company's consolidated revenue stood at KRW 1.6422 trillion, while operating profit was KRW 15.4 billion, down 66% year-on-year. Despite weak performance, AK ChemTech has been investing heavily in production capacity, allocating about KRW 100 billion to build a plant for TPC, a core material for aramid fiber production. As a result, rising depreciation costs are expected to increase fixed cost burdens, potentially weakening the company's operating leverage effect. Financial expenses have also risen, totaling approximately KRW 18.8 billion last year—an 18% increase year-on-year—posing another threat to profitability. Given these factors, the company’s first-quarter performance is anticipated to remain sluggish. Industry insiders believe that the success of AK ChemTech’s hard carbon business, driven by growing demand for sodium-ion batteries, will be a critical factor in determining its performance recovery. An industry official stated, "AK ChemTech is attracting attention as the only domestic manufacturer of hard carbon anode materials for sodium-ion batteries," adding, "However, the company's ability to secure profitability and enhance technological competitiveness will be crucial to achieving meaningful business success." ChatGPT를 사용하여 번역한 기사입니다.

2025-04-29 16:27:23 메트로신문 기자

"Hydrogen FCEVs Approach 50,000 Units; Charging Infrastructure Expansion Urgently Needed"

Demand Grows for Urban Hydrogen Charging Stations as Korea’s FCEV Fleet Nears 40,000 Units With the number of hydrogen fuel cell electric vehicles (FCEVs) in South Korea approaching 40,000, calls are mounting for an expansion of urban hydrogen refueling infrastructure. FCEVs, often dubbed the "ultimate eco-friendly vehicles," emit only water instead of exhaust gases. Globally, only three brands—Hyundai Motor from Korea and Toyota and Honda from Japan—have launched mass-produced passenger FCEVs. As many countries face a temporary stagnation in battery electric vehicle (BEV) demand, interest in hydrogen vehicles continues to rise. According to industry sources on the 28th, as of the end of March, the cumulative number of FCEVs in South Korea stood at 39,216 units. Given that government subsidies have been confirmed for over 13,000 FCEVs this year, the industry expects the cumulative figure to surpass 50,000 by year-end. The domestic hydrogen vehicle market began in earnest with the launch of Hyundai’s Nexo in 2018. Cumulative sales surpassed 10,000 units in 2020 and reached around 30,000 units by 2023. This year, with the release of the Nexo’s successor, "The All-New Nexo," and the Ministry of Environment allocating KRW 721.8 billion in subsidies for more than 11,000 hydrogen passenger cars and 2,000 hydrogen buses, the industry projects that FCEV adoption will accelerate beyond the 50,000 mark. However, the underdeveloped hydrogen infrastructure remains a major obstacle to wider adoption. Industry officials emphasize that in order to build a viable hydrogen ecosystem, support measures such as helping refueling station operators secure urban sites, offering tax benefits to ease financial burdens, and easing permit regulations are urgently needed. As of the end of this month, there are a total of 218 hydrogen refueling stations installed nationwide. A hydrogen industry expert noted, "Some urban hydrogen stations have introduced a reservation system to reduce users' charging wait times," but added, "To popularize hydrogen vehicles, charging infrastructure must be expanded so that users can operate their vehicles as smoothly as internal combustion engine cars in daily life." Recently, Hyundai Motor developed a “high-pressure mobile hydrogen refueling station,” which is expected to help accelerate the expansion of urban hydrogen infrastructure. Meanwhile, there is also an urgent need for government and local authorities to support refueling station operators by helping them secure urban sites and providing tax incentives to ease financial pressures. Some experts argue that establishing a dedicated national agency to stabilize the hydrogen supply chain is necessary. Currently, multiple ministries and organizations—including the Ministry of Trade, Industry and Energy, the Korea Petroleum Quality & Distribution Authority, and the Korea Gas Corporation—are involved in managing the hydrogen distribution network. However, there is no single entity overseeing the entire supply chain to stabilize hydrogen energy prices. By contrast, countries like the U.S. and China have national agencies dedicated to this task. A hydrogen industry specialist stated, "If hydrogen stations were prioritized for installation at public offices, government agencies, and state-owned enterprises nationwide, the number of urban stations could increase significantly." They added, "Expanding urban hydrogen infrastructure would not only drastically improve convenience for FCEV users but also boost user numbers, leading to better financial conditions for station operators and accelerating further expansion." On a global scale, with hydrogen vehicle adoption expanding, the International Energy Agency (IEA) announced plans to publish separate statistics for hydrogen fuel cell vehicles starting this year. Previously, FCEVs were categorized together with battery electric vehicles (BEVs) in IEA reports, making it difficult to track hydrogen vehicle sales. However, beginning with the "2025 World Energy Outlook" to be released this November, hydrogen vehicle statistics will be published separately. ChatGPT를 사용하여 번역한 기사입니다.

2025-04-28 17:04:51 메트로신문 기자

LG Electronics CEO Cho Joo-wan: "Tariff Impact to Begin in Q2... Building a U.S. Plant Is a Last Resort"

LG CEO Hints at Possible Price Hikes as U.S. Tariff Impact to Intensify in Q2 Expansion of U.S. production facilities considered only as 'last resort' Cho Joo-wan, CEO of LG Electronics, suggested that the impact of U.S. tariff policies would become significant starting from the second quarter and hinted at the possibility of raising product prices if necessary. However, he emphasized that expanding local production facilities in the United States would be considered only as a “last resort,” expressing a cautious stance. According to industry sources on the 27th, Cho spoke with reporters on April 24 prior to delivering a special lecture to the Department of Electrical and Computer Engineering at Seoul National University. He said, "If the tariff hikes exceed the level we can absorb, we may consider raising the prices of home appliances destined for the U.S. market." He further explained, "Whether the tariffs worsen or improve our performance, the effects will start from the second quarter," noting that the so-called "pull-in effect"—early stocking before tariff enforcement—was not prominent in the first quarter. Regarding potential price hikes, Cho stated, "For some products, it will be necessary," adding, "We will absorb as much of the tariffs as possible through operational efficiency and inventory management." However, he stressed again, "If the level of tariff hikes surpasses what we can endure, price increases will be considered." Cho’s remarks suggest that while LG can absorb a basic 10% tariff through internal efficiencies such as streamlining operations and rotating inventory, significant increases beyond that threshold would likely lead to price hikes. Currently, LG Electronics manufactures washing machines and dryers at its Tennessee plant in the U.S., while refrigerators, cooking appliances, and TVs are produced in Mexico, and refrigerators and washing machines are manufactured in Vietnam. LG is preparing multiple scenarios to cope with potential reciprocal tariffs, including expanding U.S. production, leveraging its global manufacturing network, and raising product prices. Although the Trump administration has so far postponed country-specific reciprocal tariffs, a basic 10% tariff has been imposed on all countries. However, Cho reiterated that relocating production or expanding plants would be a last resort, stating, "Building a U.S. production base should be the very last option," and adding, "We should first respond step-by-step through production site adjustments or price hikes." Earlier, during its first-quarter earnings conference call held on April 24, LG Electronics had also stated, "We will maximize the use of our production sites in Mexico and the U.S. to minimize tariff impact," and "Secure cost competitiveness through a flexible global production network." Meanwhile, LG Electronics posted consolidated first-quarter sales of KRW 22.7398 trillion and an operating profit of KRW 1.2591 trillion. As Cho warned, concerns are rising that second-quarter results could weaken due to the full-fledged impact of global trade policy shifts, including the U.S. tariff increases. ChatGPT를 사용하여 번역한 기사입니다.

2025-04-27 16:55:48 메트로신문 기자

Samsung Returns to New York After 3 Years for ‘Unpacked’… Galaxy Z Flip and Fold 7 to Debut in July

Samsung to Host Galaxy Unpacked Event in New York for the First Time in 3 Years Galaxy Z Flip 7 and Z Fold 7 expected to debut this July Samsung Electronics is set to hold its second-half "Galaxy Unpacked" event in New York this July, marking the first time in three years that the tech giant has hosted the event in the U.S. The spotlight is expected to be on its next-generation foldable smartphones—the Galaxy Z Flip 7 and Galaxy Z Fold 7. According to the IT industry on the 24th, Samsung has begun preparations to hold the Unpacked event in early July in New York. Given the company’s tradition of hosting the event on a Wednesday (local time), July 2 or July 9 are considered the most likely dates. Last year, Samsung held the "Galaxy Unpacked 2024" event in Paris, France, on Wednesday, July 10 (local time), reinforcing this scheduling pattern. This year’s choice of New York as the event location marks a return since the launch of the Galaxy Z Fold 4 and Z Flip 4 in 2022. In 2023, Samsung hosted the event in Seoul, and last year in Paris—both globally recognized cultural hubs. The decision to return to New York this year is interpreted as a strategic move to strengthen its presence in the North American market. According to market research firm Counterpoint Research, in the fourth quarter of last year, Apple held a 65% share of the U.S. smartphone market, while Samsung stood at 18%. Despite the wide gap, the U.S. remains a critical market that Samsung cannot afford to overlook, given its role as a global trendsetter. At this year’s Unpacked event, Samsung is expected to unveil the Galaxy Z Flip 7 and Galaxy Z Fold 7. According to U.S. tech media and well-known IT tipsters, both models will feature a slimmer, lighter design and enhanced performance compared to their predecessors. The Z Flip 7 is expected to have a larger external display with narrower bezels, while the Z Fold 7 will reportedly be over 1mm thinner and offer an improved crease on its foldable screen. In addition to hardware upgrades, the new devices will also feature enhanced AI-based functionalities. Since last year, Samsung has integrated AI features into its foldable phones, and the upcoming 7 series is expected to deliver a foldable-optimized AI experience. Beyond the Z series, there is growing speculation about the possible unveiling of several other devices, including the Galaxy Watch 8 series, the budget-friendly foldable phone dubbed the Galaxy Z Flip FE, a tri-fold phone tentatively called the “G Fold,” and “Project Infinity,” a headset dedicated to extended reality (XR). However, industry watchers believe these devices are more likely to be introduced at a year-end or separate event. A Samsung Electronics official stated, “Nothing has been officially confirmed yet regarding the Unpacked schedule or the product lineup.” ChatGPT를 사용하여 번역한 기사입니다.

2025-04-24 17:00:47 메트로신문 기자

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