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Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

ULSAN, Aug. 13 (Korea Bizwire) — The city government of Ulsan has chosen the shores off Seosaeng-myeon as the optimal location to install floating wind turbines for a trial run for the first time in South Korea. The city has decided to test an offshore wind farm next year as part of a new innovative [...]

S. Korean Refiners Diversify Imports of Condensate over U.S. Sanctions on Iran

S. Korean Refiners Diversify Imports of Condensate over U.S. Sanctions on Iran

SEOUL, Aug. 8 (Korea Bizwire) — South Korean refiners and a petrochemical company have begun to increase purchases of ultralight crude from Qatar, the United States and other countries as they cut imports of Iranian condensate due to Washington’s sanctions on Tehran, corporate sources said Wednesday. SK Innovation Co., South Korea’s biggest oil refiner by [...]

Demand for Electric Cars on Jeju Island Outstrips Supply

Demand for Electric Cars on Jeju Island Outstrips Supply

SEOUL, Jul. 18 (Korea Bizwire) — Electric car manufacturers have been unable to supply promised cars to the public on time. According to the provincial government of Jeju, 1,015 new electric cars were registered on the island during a period of six months between February and July, which is just 25.3 percent of the initial [...]

Use of Energy Storage Systems Increases Dramatically

Use of Energy Storage Systems Increases Dramatically

SEOUL, Jul. 18 (Korea Bizwire) – The use of energy storage systems (ESS) to better manage energy increased significantly in the first half of the year, according to the Ministry of Trade, Industry and Energy (MOTIE). The use of ESS, which store energy during hours when much electricity supply exceeds demand, increased 20-fold compared to [...]

Sejong to Transform into a Futuristic “Smart City” with Emphasis on Healthcare and the Environment

Sejong to Transform into a Futuristic “Smart City” with Emphasis on Healthcare and the Environment

SEOUL, Jul. 17 (Korea Bizwire) — Sejong, South Korea’s central administrative city, will soon transform into a futuristic high-tech municipality having been designated by the government as a trial space where all aspects of daily life will be incorporated with high technology, the likes of which are commonly found in science fiction films. Yesterday at [...]

Homepick to Launch New Delivery Service to Reach Consumers “Within an Hour”

Homepick to Launch New Delivery Service to Reach Consumers “Within an Hour”

SEOUL, Jul. 17 (Korea Bizwire) — Homepick, a joint venture by local energy giants SK Energy and GS Caltex to provide delivery service based on their network of gas stations, is defined by the following tagline: “We deliver within an hour if you’re home.” In the past, delivery service customers had to either wait at [...]