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Industry
LG Electronics signs deal to build used refrigerant recycling, refurbished product system
LG Electronics will recover and recycle used refrigerants generated from home appliances and move ahead with a pilot for its refurbished products business. The company said it signed an agreement in Seoul with the Ministry of Climate, Energy and Environment and the Korea Environment Corporation, among others. LG Electronics plans to raise annual refrigerant recovery to 81 tonnes by 2030 and use purified recycled refrigerant for new products and after-sales service.
Industry
Corporate art museums shift from charity to platform business
Corporate art museums in South Korea are shifting from social contribution spending to revenue platforms as companies recast them as ESG assets. Hanwha will open Pompidou Center Hanwha at Seoul\'s 63 Building in June, setting ticket and membership prices and positioning it as a multi-purpose cultural space. Earlier, Samsung, Lotte and POSCO tied museums to branding and ESG, with examples including the Lee Kun-hee Collection donation and formal ESG metrics for museum operations.
Industry
Posco Future M, Kumho Petrochemical, BEI to co-develop anodeless lithium metal batteries
Posco Future M will jointly develop anodeless lithium metal batteries with Kumho Petrochemical and BEI. The companies signed an MOU on March 25 at Posco Center in Seoul and agreed to combine their materials and cell manufacturing technologies to improve next-generation battery technology. The battery design removes the anode to raise energy density and speed charging. The partners will also consider joint commercialization for new markets such as drones and robotics.