SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Co. is taking steps to commercialize a hydrogen fuel cell system for ship use. The carmaker on Thursday signed a memorandum of understanding (MOU) with Hyundai Global Service, Hyundai Heavy Industries Holdings Co.’s ship repairing unit, and the Korean Register of Shipping (KR), a ship quality assurance [...]
SEOUL, July 8 (Korea Bizwire) — To get faster to an electric future, automakers need lighter, faster-charging batteries, and South Korea wants to take a leading role in the global battery race amid a major technological shift in the automotive industry. South Korea, China and Japan produce most of the world’s EV batteries, but auto [...]
SEOUL, July 7 (Korea Bizwire) — A recent study revealed that a majority of consumers who use disposable wet tissues for cleaning and sanitization purposes are not aware that wet tissues are made of plastic. Consumers Korea, a consumer advocacy group here, conducted a survey of 636 consumers over 20 years of age to determine [...]
SEOUL, June 30 (Korea Bizwire) — The government plans to set up a series of centers to facilitate the systematic collection and storage of depleted electric vehicle (EV) batteries as well as to supply them more effectively to the private sector. The Ministry of Environment announced that a partial revision of the enforcement ordinance of [...]
SEOUL, June 26 (Korea Bizwire) — South Korean refiners are jacking up investment in the burgeoning hydrogen market to secure their place in a world shifting away from fossil fuels and to get ahead of the next big change in the energy industry. Hydrogen, which burns clean when mixed with oxygen in a fuel cell, [...]
SEOUL, June 21 (Korea Bizwire) — A joint venture between South Korean machinery firm Hyosung Heavy Industries Co. and German chemical company Linde Group broke ground on a liquid hydrogen manufacturing facility on South Korea’s southeastern coast, Hyosung said Monday. Linde Hydrogen began the construction of the world’s single largest liquid hydrogen plant in Ulsan, [...]
SEOUL, June 19 (Korea Bizwire) — South Korea’s industry ministry said Saturday it will spare no efforts to win a nuclear plant project from the Czech Republic as the European country is open to have Asia’s No. 4 economy as a potential partner. The remark came after Industry Minister Moon Sung-wook visited the European nation, [...]
SEOUL, June 18 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-largest refiner by sales, is taking the lead in environmental, social and governance (ESG) management by introducing carbon neutral crude oil for the first time among domestic energy companies. The company said on Thursday that it has purchased 2 million barrels of carbon neutral [...]
SEOUL, June 17 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, is pushing forward with efforts to develop carbon dioxide capture technology, which is emerging as a core technology in the realization of carbon neutral goals. On Wednesday, the company signed a partnership agreement with the state-run Korea Institute of Energy [...]
SEOUL, June 14 (Korea Bizwire) — Hyundai Oilbank Co., a major South Korean oil refiner under Hyundai Heavy Industries Group, plans to list its shares on the country’s bourse next year, its parent company said Monday. The decision for Hyundai Oilbank’s initial public offering (IPO) was made during its board meeting, according to Hyundai Heavy [...]