HS Hyosung Signs Joint Venture Agreement with Umicore for Next-Generation Anode Material Business [Yahoo! Finance]
UMICORE SA UNSP/ADR (UMICY)
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Source: Yahoo! Finance
– Acquiring foundational technology for "game-changing" high-efficiency, fast-charging next-generation batteries – Personally led by Vice Chairman Cho Hyun-Sang, emphasizing "value maximization through technology and intellectual assets" – Strengthening South Korea's global supply chain competitiveness through domestic investment and job creation SEOUL, South Korea Nov. 12, 2025 /PRNewswire/ -- HS Hyosung Group has officially entered the silicon anode material business, a core component of next-generation batteries. HS Hyosung Vice Chairman Hyun-sang Cho (fourth from left) and Umicore CEO Bart Sap (third from left) pose for a commemorative photo in Belgium. This move aligns with Vice Chairman Cho Hyun-Sang's "value management" strategy, which emphasizes maximizing corporate value through core technologies and intellectual assets. On October 31, HS Hyosung announced an investment of €120 million (approximately KRW 200 billion) to acquire The Extra Mile (EMM), the battery a
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