SEOUL, Nov. 16 (Korea Bizwire) – South Korea recovered enough energy from waste incineration this year to power the annual needs of roughly 110,000 people, according to new government data released Sunday. The National Institute of Environmental Research said it will publish a revised technical guide on Monday detailing updated methods for measuring the efficiency [...]
SEOUL, Nov. 12 (Korea Bizwire) – South Korean steelmaker POSCO Group said Wednesday it will invest 1.1 trillion won (US$750 million) to secure lithium resources in Australia and Argentina to bolster its rechargeable battery materials business. POSCO will acquire a 30 percent stake in a subholding company to be established by Australian miner Mineral Resources [...]
SEOUL, Nov. 11 (Korea Bizwire) — Seoul Metro said Monday it has begun pilot operations of mobile cooling tanks at major subway stations to better respond to the growing risk of battery-related fires. The portable tanks, equipped with wheels for easy movement within stations, are designed to help contain and extinguish fires caused by lithium-ion batteries. [...]
DAEJEON, Nov. 5 (Korea Bizwire) — South Korean scientists have developed a new organic solid electrolyte film that could accelerate the commercialization of lithium metal batteries, offering a major advance in safety and energy efficiency, researchers said Tuesday. A research team led by Professor Byun Hye-ryung at the Korea Advanced Institute of Science and Technology (KAIST), [...]
SEOUL, Nov. 4 (Korea Bizwire) – The government will provide additional support to the steel industry for its much-needed transition to high-value and eco-friendly products, the industry ministry said Tuesday, the latest effort to save the ailing sector facing global oversupply and escalating trade protectionism. The road map aimed at boosting the competitiveness of the [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai Motor Co. said Thursday it broke ground on a new hydrogen fuel cell production facility in the southeastern city of Ulsan, marking a step forward in solidifying the automaker’s leadership in the future mobility sector. The company held a groundbreaking ceremony at its main car manufacturing complex in [...]
SEOUL, Oct. 29 (Korea Bizwire) – Hyundai Motor Co. plans to spotlight its hydrogen fuel-cell technology at the Japan Mobility Show this week as the South Korean automaker pushes to expand in a market long dominated by Toyota. The company said Wednesday it will introduce the latest Nexo hydrogen-powered SUV in Japan in the first half [...]
SEJONG, Oct. 26 (Korea Bizwire) — A major offshore gas development project in the East Sea has been thrown into uncertainty as the South Korean government moves to reassess plans that the state-run Korea National Oil Corporation (KNOC) had been pursuing with British oil giant BP. Industry officials said Sunday that the Ministry of Trade, Industry [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Engineering & Construction Co. has secured the first U.S. large-scale nuclear power project contract awarded to a South Korean company, a move that could significantly expand its presence in the rapidly growing American nuclear market. The company said Sunday it recently signed a preliminary design agreement with Fermi America, [...]
SEOUL, Oct. 23 (Korea Bizwire) – Gov. Bill Lee of the U.S. state of Tennessee on Thursday met with the head of SK On Co. to discuss ways to enhance cooperation and strengthen ties, industry sources said. Lee visited SK On’s headquarters in central Seoul earlier in the day and had talks with Lee Seok-hee, [...]