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S. Korea to Spend 95 bln Won on Research of Carbon-reduction Technologies

S. Korea to Spend 95 bln Won on Research of Carbon-reduction Technologies

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to spend 95 billion won (US$81.5 million) to develop new solutions to cut the emission of carbon at local factories, in line with the country’s vision to go carbon neutral by 2050. The budget will be allocated to research projects for [...]

Major Korean Conglomerates Join Forces on Hydrogen Economy

Major Korean Conglomerates Join Forces on Hydrogen Economy

SEOUL, Sept. 8 (Korea Bizwire) — The heads of South Korea’s major conglomerates on Wednesday launched a business council to foster hydrogen as a clean energy source and expand its value chain. A total of 15 conglomerates, including Hyundai Motor, SK, POSCO, Lotte and Hanwha, launched Korea H2 Business Summit to encourage corporate investments and [...]

New Industry-Academia Research Collaboration Formed to Produce Green Hydrogen Using Seawater

New Industry-Academia Research Collaboration Formed to Produce Green Hydrogen Using Seawater

SEOUL, Sept. 8 (Korea Bizwire) — A new industry-academia research collaboration has been formed to develop the required technology to produce green hydrogen using seawater. The Korea Institute of Materials Science signed a business agreement with global shipbuilder Hyundai Heavy Industries Co. and Pusan National University to jointly develop a green hydrogen production system and [...]

POSCO Energy to Develop Waste Heat Power Generation Technology

POSCO Energy to Develop Waste Heat Power Generation Technology

SEOUL, Aug. 30 (Korea Bizwire) — POSCO Energy, a wholly owned energy unit of South Korean steelmaker POSCO, is gearing up to develop a low-carbon power generation technology that makes use of waste heat, in collaboration with a local company. The company recently announced that it had established a business tie-up with heat exchanger manufacturer [...]