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Oil Giants Team Up for Delivery Service

Oil Giants Team Up for Delivery Service

SEOUL, Jun. 20 (Korea Bizwire) — SK Energy and GS Caltex are joining hands to create a parcel delivery service utilizing the two companies’ existing network of gas stations. In addition to the collaboration, the joint venture has new meaning, experts say, because of the willingness by SK and GS to share key corporate infrastructure [...]

Samsung Electronics Pivots to Renewable Energy

Samsung Electronics Pivots to Renewable Energy

SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]

“Energy” Big Data to be Shared with Large Corporations

“Energy” Big Data to be Shared with Large Corporations

SEOUL, May 31 (Korea Bizwire) — A new way has been paved for corporations to incorporate the massive trove energy-related big data held by the Korea Electric Power Corporation (KEPCO) into new energy business models. The Ministry of Trade, Industry and Energy announced today that KEPCO had signed MOUs with four corporations (KT, SKT, LG [...]

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

SEOUL, May 24 (Korea Bizwire) — Sources in China say that electric cars equipped with Korean-made batteries were not included in a list of cars awarded subsidies by the Chinese government. According to industry insiders, the Ministry of Industry and Information Technology in China announced on its website yesterday a list of car models that [...]

S. Korea to Set Limits on Operation of Coal-fired Power Plants

S. Korea to Set Limits on Operation of Coal-fired Power Plants

SEOUL, May 23 (Korea Bizwire) — South Korea will adopt stronger regulations on aged coal-fired power plants and increase use of low-carbon fuels to reduce air pollution, the energy ministry said Wednesday. Paik Un-gyu, minister of trade, industry and energy, said the government will allow mayors and governors to set upper limits for the operation [...]

S. Korea to Increase Incentives for Wind Farms

S. Korea to Increase Incentives for Wind Farms

SEOUL, May 18 (Korea Bizwire) — South Korea will raise incentives for offshore wind farm operators and cut back subsidies on biomass producers to promote more eco-friendly energy sources, the energy ministry said Friday. The Ministry of Trade, Industry and Energy said it will adjust the incentive rates for renewable energy sources based on their [...]

Standby Generator Testing to Be Suspended on Bad Air Days

Standby Generator Testing to Be Suspended on Bad Air Days

SEOUL, May 15 (Korea Bizwire) – The Seoul Metropolitan Government announced that it aims to ban test-operations of 15,432 emergency power supply systems in government buildings and high-rise buildings across Seoul on days when air pollution warnings are issued. Standby generators supply automatic backup power for safety systems including fire protection systems and elevators during outages. [...]

State Resources Firms Prep for Possible Inter-Korean Projects

State Resources Firms Prep for Possible Inter-Korean Projects

SEOUL, May 15 (Korea Bizwire) — South Korea’s state resources developers are gearing up for potential inter-Korean projects amid growing hopes for economic cooperation with North Korea following a landmark summit, sources said Tuesday. At the end of the historic summit in late April, the leaders of South and North Korea adopted a joint declaration [...]