SEOUL, Apr. 17 (Korea Bizwire) — South Korean shipbuilding giant HD Hyundai Heavy Industries Co. said Wednesday that it has signed a deal with two Scottish economic development agencies on cooperation in the floating offshore wind sector. The memorandum of understanding calls for HD Hyundai Heavy Industries to share its knowhow on the design and [...]
INJE, Apr. 17 (Korea Bizwire) – Inje County in Gangwon Province, South Korea, has unveiled a smart farm greenhouse facility that utilizes renewable energy sources to cultivate subtropical plants. The county announced the completion of the project and its opening to the public on April 16. Covering an area of approximately 4,950 square meters, the smart [...]
SEOUL, Apr. 4 (Korea Bizwire) – In a groundbreaking move towards sustainable energy, Seoul and the city of Yeongcheon in North Gyeongsang Province are set to embark on innovative projects to produce hydrogen from biogas. These initiatives aim to transform organic waste, such as livestock manure, food waste, and sewage sludge, into a renewable energy source, [...]
SEJONG, Apr. 1 (Korea Bizwire) – As South Korea ramps up construction of large-scale offshore wind farms, the nation is poised to witness exponential growth in this renewable energy market, with investments projected to reach a staggering 100 trillion won by the end of this decade. Amid the global push for decarbonization, the South Korean government [...]
SEOUL, Mar. 21 (Korea Bizwire) – The main opposition Democratic Party of South Korea unveiled an ambitious plan on March 20 to increase the country’s reliance on renewable energy sources to 40% by 2035, a significant stride toward achieving the “100% Renewable Energy” (RE100) goal. The party’s policy committee announced the “Renewable Energy 3540″ electoral pledge, [...]
ULSAN, Mar. 15 (Korea Bizwire) – The Ulsan Port Authority celebrated the completion of the ‘North New Port Liquid Terminal’ in Hwangseong-dong, Nam-gu, at the North Port of Ulsan on March 15. The new facility, boasting a 300-meter quay wall, a 440-meter sheltered harbor, and a 12,600 square meter port hinterland, represents a significant enhancement [...]
SEOUL, March 1 (Korea Bizwire) – The fourth and final unit of the South Korean-built Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) has started up, signaling its commercial operation, South Korea’s state-run utility firm said Friday. The Unit 4 reactor began producing heat through nuclear fission, used for generating electricity, in a [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to invest approximately 16.6 billion won this year to facilitate the distribution of 102 hydrogen fuel cell cars and 42 hydrogen buses, enhancing the city’s green mobility initiatives. Starting from February 13, the city will begin accepting applications for hydrogen car purchase support. [...]
SEOUL, Jan. 31 (Korea Bizwire) – Doosan Bobcat Launches Korea’s First Commercial Hydrogen-Powered Forklift Doosan Bobcat has announced the commercialization of Korea’s first hydrogen-powered forklift, marking a significant milestone in the industry. On January 30, the company held a shipment ceremony for its first hydrogen forklift at its forklift factory in Incheon, highlighting the achievement. [...]
SEOUL, Jan. 30 (Korea Bizwire) — The South Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock Inc., citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday. Kredo Holdings Ltd. is working to build five wind [...]