Chemical units of Lotte, LG and POSCO spend heavily, chasing Chinese rivals

The advancement is keenly anticipated as it could hasten adoption of the vehicles by providing automakers with a safer and cheaper alternative to lithium-ion cells

South Korean firm looks to boost capacity as demand surges for electric vehicles

Deal between the South Korean companies spares the Biden administration from an unpalatable choice

Two South Korean giants are holding talks with at least a dozen agencies, including officials at labor, transportation and energy