SEOUL, Dec. 2 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, plans to jump into the fledgling hydrogen industry. The company announced Tuesday that it has established a new task force for hydrogen energy, comprising 20 experts from SK Innovation Co., South Korea’s largest refiner [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Chem Ltd.’s battery business officially launched its standalone company Tuesday to take a bigger chunk of the growing battery market, but a bumpy road lies ahead to stay on top of the highly competitive industry. Kim Jong-hyun, who served as president of LG Chem’s battery unit, takes the [...]
SEOUL, Nov. 26 (Korea Bizwire) — Another name for Jeju Island is “Samda-do”, meaning “Island of Three Abundances”, since it has lots of rocks, wind, and women. It is no wonder that recently Jeju Island has laid out the ambitious goal of establishing itself as eco-friendly energy mecca in Asia for this reason. According to [...]
SEOUL, Nov. 22 (Korea Bizwire) — Environmentally friendly cars, such as electric vehicles (EVs) and hydrogen-powered cars, make up more than 3 percent of the total vehicles registered in South Korea, a report from the country’s transport ministry showed Sunday. There were 766,464 green vehicles registered in South Korea as of end-October, accounting for 3.16 [...]
SEOUL, Nov. 20 (Korea Bizwire) — The National Assembly said Friday it plans to expand the number of its in-house electric vehicle (EV) charging stations by twofold by next year. The assembly complex, located in Seoul’s western ward of Yeongdeungpo, will double the number of its EV stations from the current 11 to 22 by [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it will team up with local builder SK Engineering Construction Co. to develop floating wind farms. SK Engineering will carry out a project to develop the floating wind farm, while Doosan Heavy will provide technologies [...]
SEOUL, Nov. 19 (Korea Bizwire) — The market share of Korean-made solar cells is plunging in the domestic market while the share of Chinese-made solar cells is picking up. The share of Korean-made solar cells in the domestic market was estimated at about 20 percent in the first half of this year, a dramatic decrease [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean major oil refiners are moving heaven and earth to get out of a prolonged slump by shifting their focus to new ventures. SK energy Co., a wholly owned unit of the country’s leading refiner SK Innovation Co., recently revised its articles of incorporation and added ‘telecommunication sales [...]
SEOUL, Nov. 16 (Korea Bizwire) — South Korean battery makers are struggling as global automobile manufacturers are choosing to issue recalls for their electric vehicles (EVs). The U.S. automotive giant General Motors Co. reportedly made a decision to recall 68,000 Bolt EVs manufactured between 2017 and 2019. Bolt EV uses batteries made at LG Chem [...]
SEOUL, Nov. 13 (Korea Bizwire) — Hanwha Q Cells, a leading solar power solutions provider, announced on Thursday that it would build a 41-megawatt (MW) floating solar power plant at Hapcheon Dam in Hapcheon, 354 km southeast of Seoul. The new installation will be the world’s largest floating solar power plant built at a dam. [...]