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KEPCO Board OKs Indonesian Coal Power Project amid Environmental Controversies

KEPCO Board OKs Indonesian Coal Power Project amid Environmental Controversies

SEOUL, June 30 (Korea Bizwire) — The board of South Korea’s state-run utility firm Korea Electric Power Corp. (KEPCO) on Tuesday approved a business project to build two units of coal power plants in Indonesia despite controversies over profitability and the environment. KEPCO clinched a deal with Indonesia-based PT Barito Pacific in May 2019 to [...]

Oil Company Jumps into Vehicle Management Platform Business

Oil Company Jumps into Vehicle Management Platform Business

SEOUL, May 15 (Korea Bizwire) — A major South Korean oil refiner will enter the vehicle management service platform business in partnership with companies already leading the industry. SK Energy Co., South Korea’s leading oil refinery and gas station operator, formed a partnership with six service companies specializing in car washing and parking on Thursday [...]

S. Korea to Test Hydrogen Commercial Vehicles

S. Korea to Test Hydrogen Commercial Vehicles

SEJONG/SEOUL, May 14 (Korea Bizwire) — South Korea said Thursday it will carry out a test run of hydrogen fuel-cell electric commercial vehicles as it moves to promote the resource as one of the main energy sources for Asia’s fourth-biggest economy. The government has signed two separate memoranda of understanding with Hyundai Motor Co. and [...]