Search results for rare earth permanent magnets
AI & Enterprise
MSIT launches K-Moonshot rare earth industry-academia-research council
South Korea\'s Ministry of Science and ICT launched a K-Moonshot rare earth industry-academia-research council in Seoul on Wednesday to strengthen supply-chain capabilities for materials heavily dependent on China. The ministry is pursuing a K-Moonshot programme that combines AI and science and technology. It plans work from 2027 led by three state research institutes to develop permanent magnet processes that avoid heavy rare earths, sharply cut light rare earth use and recover rare earths from waste magnets.
Industry
LS Group steps up new business push beyond power infrastructure into minerals
LS Group is expanding new businesses in key minerals based on its growth platform built in the power infrastructure business. It will foster battery materials such as precursors and nickel sulphate and rare earth permanent magnets as new growth pillars. The group posted record results in 2025, with revenue of 45.7223 trillion won and operating profit of 1.4884 trillion won across 12 companies. It plans to invest 7 trillion won domestically and 5 trillion won overseas over the next 5 years.
Industry
South Korea industry ministry to add two materials, parts and equipment cooperation models
South Korea\'s Ministry of Trade, Industry and Energy will add two new types to its materials, parts and equipment cooperation models: an ecosystem-completion model and a region-led model, it said on Feb. 2. The ministry began recruiting candidates and will newly identify projects under the two categories. The programme was launched after Japan\'s export curbs in 2019 and has supported 74 demand-supply partnerships.