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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

"China's Rare Earth Sanctions Begin in Earnest... Korean Industry Scrambles to Tackle 'Supply Chain Shock'"

As tensions between the U.S. and China intensify, China appears poised to escalate its rare earth export restrictions, signaling a shift in the U.S.-led tariff war toward a new phase of "mineral weaponization." In response, the industrial sector is scrambling to stockpile materials and secure raw resources in anticipation of potential supply chain disruptions. There is growing consensus within and beyond the industry that reducing dependence on Chinese rare earths and enhancing the government's balanced diplomacy and strategic negotiating power are essential. According to industry sources on the 23rd, China’s Ministry of Commerce announced earlier this month export control measures on seven types of medium rare earths, including samarium and gadolinium, as well as permanent magnets made from these materials. Notably, Chinese authorities reportedly sent warning letters to Korean firms, stating that any products manufactured using Chinese rare earths and exported to U.S. companies could be subject to sanctions—raising concerns of a “secondary boycott” as the U.S.-China power struggle broadens. Data from the Korea International Trade Association (KITA) shows that China is the world’s top producer of rare earths, accounting for 69.2% of global output. The International Energy Agency (IEA) estimates that China controls nearly 90% of global rare earth processing and refining. South Korea is highly dependent on Chinese imports for its rare earth needs, with 79.8% of rare earth imports last year sourced from China. Rare earth elements are critical to future industries such as batteries, advanced weapons, and semiconductors. This has raised concerns across the industrial spectrum, particularly in defense and battery manufacturing. Defense companies may face shortages of rare metals used in aircraft structures and engines, while key battery materials are also vulnerable to supply chain risks. More than half of the 17 rare earths used in secondary battery components are imported from China. The defense industry is focusing on maintaining appropriate raw material inventories, while domestic battery companies believe their existing reserves will shield them from immediate impact. However, growing volatility in raw material prices is prompting companies to more precisely assess and secure optimal stock levels. Rare earth prices have surged twice over the past decade. According to Bloomberg, prices spiked to $14,000 per ton in 2011 (approximately KRW 19.8 million), and again to about $11,500 (KRW 21 million) between 2021 and 2022. Both surges were triggered by Chinese export restrictions, raising the likelihood of a similar price hike this time. The industry is closely watching whether these restrictions will evolve into broader global supply chain realignments. As the U.S. seeks to diversify rare earth sourcing, there is speculation that South Korea may become integrated into America’s strategic supply chain plans. LS Eco Energy is currently operating a task force—including executives from management support—to pursue its rare earth business, with plans to recruit additional personnel for rare earth trading. POSCO International is aggressively pursuing U.S. rare earth supply deals, having signed a strategic agreement in March with Energy Fuels, America’s largest rare earth company, for the delivery of didymium-praseodymium oxide. Some experts argue that if substitutes for rare earths are developed over the long term, China’s ability to use them as a strategic weapon will diminish. Seo Ji-yong, professor of business administration at Sangmyung University, emphasized, “The government must ensure that Korean companies are protected in negotiations with China and should maintain a neutral diplomatic stance whenever possible.” He added, “The U.S. sees value in South Korea strategically when it is able to mediate or negotiate effectively with China. Excessive reliance on the U.S. could weaken our position as a negotiation partner.” Professor Seo further noted, “Companies must work to enhance their own strategic value, while the government should build trust with China by keeping open channels for negotiation—while also maintaining a smooth partnership with the U.S.” ChatGPT를 사용하여 번역한 기사입니다.

2025-04-23 16:48:18 메트로신문 기자

"Trump's Tariff Shock Becomes Reality… Major Conglomerates Tighten Their Belts"

As trade tensions between the United States and China escalate, the burden on South Korean companies is growing heavier. Domestic firms are tightening their belts in an effort to survive amid prolonged global economic stagnation, including the so-called "Trump Storm." The global economy is now gripped by growing fears of a potential armed conflict between the two superpowers. In particular, Korean companies, caught between the U.S. and China, are increasingly facing the reality of external uncertainty. Exports to the U.S. have declined sharply, while Chinese companies, emphasizing cost-effectiveness, are aggressively targeting the Korean market—posing serious threats to profitability. According to industry sources on the 22nd, South Korean companies are accelerating internal restructuring to cope with the uncertainty surrounding U.S. President Donald Trump’s tariff policies. The steel industry, which was directly hit by Trump’s tariffs, has entered an emergency management mode. Last month, the Trump administration imposed a 25% tariff on steel and aluminum products. As a result, steel exports to the U.S. fell by more than 10% compared to the same period last year. The situation has worsened as the domestic market crumbles under a flood of low-priced Chinese steel imports, amplifying the damage to local companies. In response, POSCO Group has been expediting business restructuring following the inauguration of Chairman Chang In-hwa. POSCO has reduced investment in its hydrogen business and is reevaluating its strategy to overcome setbacks in its core steel and secondary battery businesses. This includes offloading non-core assets, downsizing or delaying certain operations, and shifting its overall business strategy. Instead of overextending itself with aggressive investments, the group plans to focus on internal stability and prepare for long-term survival while seeking out new opportunities. Hyundai Steel, the second-largest steelmaker in South Korea, entered emergency management mode on March 14. Following the shutdown of its rebar production line at the Incheon plant due to sluggish demand, the company has implemented a 20% salary cut for all executives. This marks the first time since its founding that Hyundai Steel has completely halted operations across its rebar production lines. In addition, the company carried out a voluntary retirement program for employees aged 50 and above, which concluded on the 18th. Earlier, Samsung Electronics instructed executives in certain divisions, including its network business, to fly economy class instead of business class on overseas trips and to use the same grade accommodations as regular employees. SK On, the battery affiliate of SK Group, also mandated that executives book economy class for business travel. These belt-tightening measures by major conglomerates come in the wake of sustained political instability following the declaration of martial law in early December last year, and growing concerns over a global economic downturn under the Trump administration. South Korea’s exports have plummeted in the aftermath of Trump's tariff policies. From April 1 to 20, South Korea’s exports totaled $33.9 billion, marking a 5.2% decrease ($1.87 billion) compared to the same period last year. Notably, the number of working days (15.5 days) remained the same as the previous year, highlighting the gravity of the decline. Among South Korea’s top 10 export categories, all but semiconductors (-10.7%) showed a drop: passenger cars (-6.5%), steel products (-8.7%), petroleum products (-22.0%), and auto parts (-1.7%). Semiconductors have not yet been targeted by U.S. tariffs. By destination, exports to the United States dropped sharply by 14.3%. Exports to China (-3.4%) and Vietnam (-0.2%) also declined, while shipments to the European Union (+13.8%) and Taiwan (+22.0%) increased. Imports during the same period amounted to $34.0 billion, down 11.8% ($4.57 billion), resulting in a trade deficit of $100 million as imports exceeded exports. An industry official stated, “Korean companies are focused on cost-cutting to survive the prolonged trade tensions with the U.S. and the global economic slump,” adding, “Strategic collaboration among domestic companies is also expected to expand to strengthen competitiveness in the global market.” ChatGPT를 사용하여 번역한 기사입니다.

2025-04-22 16:26:13 메트로신문 기자

'Strategic Alliance' Hyundai Motor and POSCO strengthen cooperation in response to Trump's tariff bomb.

POSCO Group and Hyundai Motor Group are joining forces in the steel and secondary battery materials sectors to respond to the trade war initiated by the Trump administration. On the 21st, Hyundai Motor Group and POSCO Group signed a Memorandum of Understanding (MOU) for mutual cooperation in the steel and secondary battery sectors at Hyundai Motor's Gangnam headquarters in Seoul. The event was attended by executives including Lee Ju-tae, President of POSCO Holdings' Future Strategy Division, and Han Seok-won, Vice President of Hyundai Motor Group's Planning and Coordination Division. With this MOU, Hyundai Motor Group aims to strengthen its competitiveness in key global markets and future new businesses by securing a stable supply of key raw materials for mobility. POSCO Group, on the other hand, plans to expand its presence as a materials company supplying high-quality steel for mobility and secondary battery materials while establishing a new foothold in the North American steel market. POSCO will jointly invest with Hyundai Steel, a Hyundai Motor Group affiliate, in an electric arc furnace steel plant in Louisiana, USA, with a total investment of $5.8 billion. The electric arc furnace system melts iron ore using high-temperature electricity, as opposed to traditional blast furnaces. Hyundai Steel plans to produce 2.7 million tons of hot-rolled and cold-rolled steel plates at this plant starting in 2029. Through this collaboration, Hyundai Motor Group will ensure a stable supply of high-quality automotive steel plates to global major automakers, including Hyundai Motor Group MetaPlant America (HMGMA), Hyundai Motor's Alabama plant, and Kia's Georgia plant. At the same time, POSCO Group will secure a foothold in the North American steel market. POSCO currently operates a steel processing center in North America, including an automotive steel plant in Mexico. Hyundai Motor Group and POSCO Group are also collaborating in the secondary battery materials sector. POSCO Group has secured lithium raw materials through ownership and equity investments in overseas salt lakes and mines, and is producing lithium hydroxide and cathode and anode materials for electric vehicle batteries at both domestic and overseas plants. Hyundai Motor Group plans to actively respond to the global electric vehicle market after the temporary demand stagnation (electric vehicle "chasm"). Additionally, the companies plan to identify areas where synergies can be created, including the development of next-generation materials, in the long term. A Hyundai Motor Group official stated, "Through this MOU with POSCO Group, we will expand business opportunities in global markets such as the U.S. and strengthen the foundation for sustainable growth and leadership in electrification in the future mobility sector." Lee Ju-tae, President of POSCO Holdings, said, "Amid global trade pressure and changes in the industrial paradigm, we believe we can find solutions for sustainable growth across the entire group business, including steel and secondary battery materials, based on the synergy between the two companies." ChatGPT를 사용하여 번역한 기사입니다.

2025-04-21 16:42:36 메트로신문 기자

Hyundai announces competition with hybrid leader Toyota… unveils next-generation technology that boosts efficiency by 45%.

Hyundai Motor Group has unveiled its next-generation hybrid system, which improves power efficiency by up to 45%. As the global automotive market faces a prolonged slowdown due to the electric vehicle "demand stagnation" (temporary demand dip), Hyundai is turning its focus to hybrids to strengthen its competitiveness. With this next-generation hybrid technology, Hyundai aims to close the technological gap with global automakers, including Toyota, and secure its position in the global market. At the "Next-Generation Hybrid System Tech Day" held at Crest72 in Jung-gu, Seoul, Hyundai introduced a next-generation hybrid system that improves fuel efficiency by up to 45%. This technology, starting with the large SUV model 'Palisade', will be expanded and applied to other vehicle models. The next-generation hybrid system revealed by Hyundai is a 2.5-generation hybrid system that enhances efficiency and driving performance, with a structure that allows driving on electric power alone. The new transmission, which contains two motors, can be combined with various engine lineups to provide optimized performance and fuel efficiency based on vehicle class and characteristics. By increasing the number of motors from one (P2) to two (P1 and P2), the system improves fuel efficiency and output. The P1 motor transfers power to the engine and distributes driving force, effectively contributing to fuel efficiency improvements. Han Dong-hee, Vice President of Hyundai’s Electrification Development, stated, "We have developed a new hybrid system by combining years of accumulated hybrid system development experience with world-class electrification technology applied to electric vehicles." He added, "We aim to offer customers an environmentally friendly vehicle with excellent performance." Hyundai will apply the next-generation hybrid system to the North American Palisade Hybrid (HEV) model, which is scheduled for release in the second half of this year. Following this, the system will be applied to other Hyundai, Kia, and Genesis models. The Palisade 2.5 Turbo HEV boasts a best-in-class fuel efficiency of 14.1 km/L, a maximum output of 334 horsepower, and a peak torque of 46.9 kgf·m. This represents a 45% improvement in fuel efficiency compared to the same-class 2.5 turbo gasoline model. Its maximum output and peak torque have increased by 19% and 9%, respectively, while reducing emissions by 34%. Hyundai Motor Group plans to implement the next-generation hybrid system transmission across a variety of engines, covering system outputs from the low 100-horsepower range to the mid-300-horsepower range. Based on this, the company intends to offer a range of hybrid vehicles from small to large and luxury models. The next-generation hybrid system will expand from the current three models to five by 2030. Hyundai plans to introduce a 2.5 turbo hybrid for rear-wheel drive in 2026 and sequentially equip it in key Genesis models, thus extending the hybrid lineup to its luxury brand. In response to the electric vehicle market stagnation, Hyundai Motor Group has shifted its strategy, adopting a two-track approach of increasing both electric and hybrid vehicle production. Hyundai and Kia have decided to produce hybrid cars at the 'Hyundai Motor Group MetaPlant America' (HMGMA) electric vehicle plant in Georgia, U.S., and have started investing in a new line. Initially, HMGMA was set to produce only electric vehicles, but the strategy was changed to include hybrid production in line with market changes. A Hyundai Motor Group official stated, "For the new hybrid vehicles to be launched, we plan to apply the next-generation hybrid powertrain and various electrification-specific technologies in optimal combinations based on vehicle class, vehicle characteristics, and regional market conditions." Meanwhile, Hyundai Motor Group is set to compete with hybrid leader Toyota, using its next-generation hybrid technology. Toyota sold 4.14 million hybrid cars globally last year, nearly five times the hybrid car sales of Hyundai and Kia (863,780 units). ChatGPT를 사용하여 번역한 기사입니다.

2025-04-20 15:57:51 메트로신문 기자

Samsung overtaken by SK, will HBM4 be the counterattack?… Issues with personnel management.

Samsung Electronics has initiated internal personnel reallocations to target the next-generation high-bandwidth memory (HBM) market, but concerns are rising within the organization regarding this decision. According to the semiconductor industry on the 16th, Samsung's semiconductor division (DS) recently announced 'occasional job postings' for personnel in the process, equipment, and manufacturing sectors of its foundry business. The job postings are part of the internal "free agent" system, offering employees opportunities for job transitions. This recruitment focuses on strengthening the competitiveness of the HBM business. The Memory Manufacturing Technology Center aims to enhance competitiveness for securing the next-generation HBM market, while the Semiconductor Research Institute focuses on strengthening leadership in HBM and package technology research and development. The Global Manufacturing & Infrastructure Division has also announced recruitment for HBM and new product measurement, analysis, and equipment technology strengthening. Initially, Samsung planned to select a specific number of people for reassignment, but the method was changed to an open recruitment process in response to requests from some business units that need elite personnel for next-generation product development and mass production. Last year, some foundry personnel were reassigned to the Memory Manufacturing Technology Center, and now the reassignment of personnel to accelerate HBM4 development appears to be expanding. The background of this decision lies in the fierce competition from SK hynix and Micron. Unlike Samsung, which has not yet passed the HBM3E quality verification (qualification test) due to issues such as heat generation, SK hynix and Micron are currently supplying HBM3E (5th generation HBM) products to their largest customer, NVIDIA. To make matters worse, Samsung lost its top spot in the global DRAM market to SK hynix. According to market research firm Counterpoint Research, SK hynix's DRAM market share in Q1 of this year was 36%, while Samsung's was 34%. As a result, Samsung has expressed its determination not to repeat the painful failure in the HBM4 market. Young-hyun Jeon, President of Samsung Electronics' DS Division (Vice Chairman), stated at last month's shareholder meeting, "We will significantly increase HBM supply compared to last year to strengthen our position in the market," and "We will develop and mass-produce HBM4 without any issues by the second half of this year." Industry experts view Samsung's move as an unavoidable response. A semiconductor expert explained, "HBM4 is a key component that determines the performance of AI semiconductors, and competitiveness in this market is directly tied to leadership in the entire memory semiconductor industry. Focusing the company's capabilities on HBM4 to make up for the lag in HBM3E is an unavoidable choice." However, the internal atmosphere remains chaotic. Management believes that the surplus personnel from the foundry, due to reduced utilization rates, can be strategically redeployed, but within the foundry business, there are concerns that the depletion of key talent could reduce technical focus, making competition with TSMC even fiercer. There are also reports that morale significantly dropped among employees who remained in the foundry division when some personnel were transferred to the memory division last year. One internal source said, "It’s true that the internal atmosphere is uneasy as foundry personnel are repeatedly transferred to the memory division. The growing sense of relative deprivation due to wage gaps between business units could lead to conflicts between them if this continues." ChatGPT를 사용하여 번역한 기사입니다.

2025-04-16 16:15:09 메트로신문 기자

Steel industry forecasts "cloudy" Q1… aiming for a demand rebound in Q2.

Amid sluggish domestic demand and the aggressive push of low-cost Chinese steel products, Korea's major steelmakers are facing tough conditions, and the industry’s Q1 performance is expected to sharply decline. However, with seasonal demand recovery and government anti-dumping measures, there are signs that efforts are being made to turn the tide in Q2. According to industry sources on the 14th, more than 200 construction companies in China purchased a total of 5.14 million tons of construction steel in March, marking a 23.6% increase from the previous month. The estimated purchase volume for April is projected to reach 5.91 million tons. With the seasonal peak period arriving in most regions of China, construction steel demand is rising, leading to optimistic projections that the oversupply in the local steel market may ease somewhat. Chinese steel companies, which produce around 1 billion tons annually, have been shifting export volumes abroad due to domestic stagnation, leading to a surge of competitively priced Chinese steel products into the Korean market, directly impacting domestic steelmakers. The steel industry is facing a tough business environment ahead of Q1 earnings announcements. Securities firms predict poor results for major steelmakers. Financial data firm F&Guide estimates that the combined operating profit of the three major steel companies for Q1 will decrease by 16% year-on-year, totaling approximately 580 billion won. Hyundai Steel's performance is expected to stand out with a significant decline. Hyundai Steel’s Q1 revenue is expected to be 5.5615 trillion won, with an operating profit of 25 billion won, marking a 96% decline from the same period last year. Industry sources suggest that Hyundai Steel's operating profit could potentially fall into the red due to additional costs from a strike at its Dangjin plant and inventory valuation losses, which could total around 90 billion won. Dongkuk Steel is also expected to report disappointing results. Dongkuk Steel’s Q1 operating profit is expected to be 12.6 billion won, marking an 86% decrease from the same period last year. The primary factors behind the decline include reduced sales of rebar and long steel products due to the prolonged slump in the construction sector. POSCO, among the major steelmakers, is expected to perform relatively well. POSCO Holdings' Q1 operating profit is expected to be 565 billion won, a 3.1% decrease from the same period last year. Compared to other steelmakers, this decline is relatively mild, and considering the previous quarter’s operating profit of 95.4 billion won, there is widespread optimism about a significant improvement in POSCO’s performance. The industry remains hopeful for a recovery in Q2. Hyundai Steel, in particular, is seen as well-positioned for a recovery as it has recently resolved labor disputes, which could help normalize production and meet the expected demand surge in the peak season. Additionally, the Korean government’s decision to impose anti-dumping duties of up to 38% on Chinese hot-rolled steel is expected to create favorable conditions for price increases, which is a positive factor. Domestic steelmakers are also taking measures, such as fully shutting down production of long steel products, to maintain supply-demand balance. An industry insider commented, "Given the increasing market uncertainty due to the U.S.'s aggressive tariff imposition, concerns remain that the rise in steel demand in China could be limited. However, there is cautious optimism that both prices and demand have reached their bottom, and we may see gradual recovery moving forward." ChatGPT를 사용하여 번역한 기사입니다.

2025-04-14 17:18:31 메트로신문 기자

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