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Hyundai Mobis Showcases Hydrogen Fuel-based Power Generator

Hyundai Mobis Showcases Hydrogen Fuel-based Power Generator

SEOUL, Feb. 13 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s top auto parts maker, said Wednesday that it has begun operations of a hydrogen fuel cell-based power generator. The generator employed at the company’s Chungju factory, 147 kilometers southeast of Seoul, is equipped with fuel cells powering the midsize Nexo SUV. The Nexo hydrogen [...]

Hyundai Motor Given Green Light to Set Up Hydrogen Charging Station in Parliament

Hyundai Motor Given Green Light to Set Up Hydrogen Charging Station in Parliament

SEOUL, Feb. 11 (Korea Bizwire) — South Korea on Monday said it will allow Hyundai Motor Co. to set up a hydrogen charging station in parliament for fuel cell electric vehicles in a symbolic gesture that underscores Seoul’s commitment to boosting the hydrogen economy. Hyundai Motor, the world’s first mass-producer of hydrogen fuel cell electric [...]

Ulsan to Build Hydrogen Industry Promotion Agency by 2024

Ulsan to Build Hydrogen Industry Promotion Agency by 2024

ULSAN, Feb. 11 (Korea Bizwire) — The city of Ulsan plans to develop a hydrogen industry promotion agency to conduct research and development (R&D) projects and create various strategies to take the lead in the global hydrogen market. The city announced on Saturday that it is considering the investment of 40 billion won (US$35.5 million) [...]

Nuclear Plant Utilization Rate Falls to 37-year Low in 2018

Nuclear Plant Utilization Rate Falls to 37-year Low in 2018

SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s nuclear power utilization rate fell to a 37-year low in 2018 amid efforts to reduce the country’s dependence on the energy source, official data showed Wednesday. Korea Hydro & Nuclear Power Co. (KHNP), the public company charged with operating atomic energy production, said use of fission power [...]

S. Korean Rechargeable Battery Producers Focusing on Different Markets

S. Korean Rechargeable Battery Producers Focusing on Different Markets

SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s top two leading rechargeable battery producers are focusing on different markets as they strive to expand their global presence in this key industry, market watchers said Wednesday. LG Chem Ltd. and Samsung SDI Co. have been moving in different directions as the worldwide market for high-capacity batteries [...]