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S. Korea Seeks to Produce 6.2 Million Hydrogen Cars by 2040

S. Korea Seeks to Produce 6.2 Million Hydrogen Cars by 2040

SEJONG, Jan. 17 (Korea Bizwire) — South Korea announced a hydrogen economy policy blueprint on Thursday that centers on promoting eco-friendly automobiles and power cells that could create 43 trillion won (US$38.2 billion) worth of wealth in 2040. The Ministry of Trade, Industry and Energy said the policy is focused on building a society that [...]

Grab Begins Hyundai Kona EV-based Ride-hailing Service

Grab Begins Hyundai Kona EV-based Ride-hailing Service

SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Motor Co., South Korean’s largest carmaker by sales, said Wednesday that Singapore-based Grab began using its Kona Electric for its ride-hailing service this month. In November, Hyundai Motor and its affiliate Kia Motors Corp. jointly invested US$250 million in the Southeast Asian company for a business partnership in [...]

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

Regulatory ‘Sandboxes’ Help Ease Regulations for New Innovations

SEOUL, Jan. 11 (Korea Bizwire) — Hydrogen charging stations are crucial to boost the popularity of hydrogen electric vehicles, but it is practically impossible to install these stations in commercial areas under current laws. According to the Ministry of Trade, Industry and Energy on January 10, a method has been found to install the charging [...]

Hydrogen Fuel Cell Vehicles Gaining Steam as Zero-emission Mobility Option in S. Korea

Hydrogen Fuel Cell Vehicles Gaining Steam as Zero-emission Mobility Option in S. Korea

SEOUL, Jan. 11 (Korea Bizwire) — In theory, hydrogen seems like the perfect energy source to power a vehicle, in that it is the most prevalent element in nature, it can be turned into electricity and emits only water. It has been several decades since the zero-emission cars entered the public consciousness as a possible [...]