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Gov’t, Businesses to Establish SPC for Hydrogen Fueling Stations

Gov’t, Businesses to Establish SPC for Hydrogen Fueling Stations

SEOUL, Apr. 25 (Korea Bizwire) — The South Korean government and private businesses agreed to establish a special purpose company (SPC) to build hydrogen fueling stations to expand the infrastructure for emission-free vehicles, the commerce ministry said Wednesday. The Ministry of Trade, Industry and Energy signed a memorandum of understanding with local automakers, state-run utilities [...]

Hyundai Unveils Electric Version of Kona Subcompact SUV

Hyundai Unveils Electric Version of Kona Subcompact SUV

SEOUL, Apr. 12 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Thursday unveiled the electric version of its Kona subcompact sport utility vehicle (SUV) in a stepped-up drive to diversify its lineup with environmentally friendly vehicles. Amid the rapid growth in the domestic electric vehicle market in recent years, Hyundai Motor is [...]

KOTRA Signs MOU with Saudi Aramco to Enhance Biz Ties

KOTRA Signs MOU with Saudi Aramco to Enhance Biz Ties

SEOUL, Apr. 11 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Wednesday it has signed a memorandum of understanding (MOU) with Saudi Aramco, the world’s largest crude exporter, to enhance bilateral cooperation in energy, trade, investment and other fields. KOTRA said it expects the MOU signed at KOTRA’s headquarters in southern Seoul on [...]

Seoul to Begin Subsidizing Eco-Friendly Motorcycles This Year

Seoul to Begin Subsidizing Eco-Friendly Motorcycles This Year

SEOUL, April 10 (Korea Bizwire) — Seoul announced on April 9 that it will begin subsidizing 500 environmentally friendly electric scooters per year with the goal of helping cover the cost of 4,700 of the vehicles total by 2025. A city representative said, “Electric two-wheelers don’t produce emissions damaging to the atmosphere because they lack [...]

Researchers Accelerating Efforts to Tackle Ultra-fine Dust

Researchers Accelerating Efforts to Tackle Ultra-fine Dust

SEOUL, Mar. 29 (Korea Bizwire) — South Korean researchers are ramping up efforts to develop air purifiers and masks in their fight against ultra-fine dust. According to industry watchers, a research team at the Korea Research Institute of Bioscience and Biotechnology has created a nanofiber-based ultra-fine dust filter that can collect particulate matter known as known [...]