SEOUL, July 3 (Korea Bizwire) — Aramco Asia Korea Ltd., a wholly owned subsidiary of Saudi oil giant Aramco, announced Friday it has signed a partnership deal with a foundation to provide coding programs to about 100 lower-income students in its latest social contribution. MIDAM Scholarship Foundation plans to begin a yearlong program later this [...]
SEOUL, July 3 (Korea Bizwire) — KCC Corp., a major construction materials producer, announced on Thursday that in collaboration with Pohang University of Science and Technology (POSTECH), it had succeeded in turning waste factory heat into electric energy for the first time in South Korea. The two entities teamed up to carry out an empirical [...]
SEOUL, July 1 (Korea Bizwire) — South Korea on Wednesday opened the world’s first hydrogen mobility show as it pushes to become a leader in hydrogen vehicles and other related industries. More than 100 companies and research institutions of 11 countries participated in the H2 Mobility+Energy Show at an exhibition center in Ilsan, just north [...]
SEOUL, June 30 (Korea Bizwire) — The board of South Korea’s state-run utility firm Korea Electric Power Corp. (KEPCO) on Tuesday approved a business project to build two units of coal power plants in Indonesia despite controversies over profitability and the environment. KEPCO clinched a deal with Indonesia-based PT Barito Pacific in May 2019 to [...]
SEOUL, June 19 (Korea Bizwire) — Hanwha Q Cells, a South Korean solar cells and modules manufacturer, said Friday that it has won a patent infringement suit in Germany in a case that could boost its presence in the European country. The Regional Court of Düsseldorf in Germany has ruled that three companies — JinkoSolar [...]
SEOUL, June 8 (Korea Bizwire) — Hanwha Energy Corp. and three other affiliates are considering entering the U.S. hydrogen ecosystem, Hanwha said Monday, after a successful investment in a U.S. hydrogen truck maker. In 2018, Hanwha Energy and Hanwha General Chemical Co. each invested US$50 million for a combined 6.13 percent stake in Nikola Motor. [...]
SEOUL, May 31 (Korea Bizwire) — Hyundai Motor Group, South Korea’s leading carmaker, said Sunday that it has joined hands with local solar cells and modules manufacturer Hanwha Q Cells to develop energy storage system (ESS) with used electric vehicle (EV) batteries. Under the memorandum of understanding, the two sides will cooperate to find a [...]
SEOUL, May 21 (Korea Bizwire) — South Korea is set to introduce deposits for disposable cups at coffee shops and fast food outlets, starting 2022, in its latest efforts to cut carbon emissions. Under a set of bills approved during the final session of the parliament’s 20th term Wednesday, businesses will factor in the deposits [...]
SEOUL, May 15 (Korea Bizwire) — A major South Korean oil refiner will enter the vehicle management service platform business in partnership with companies already leading the industry. SK Energy Co., South Korea’s leading oil refinery and gas station operator, formed a partnership with six service companies specializing in car washing and parking on Thursday [...]
SEJONG/SEOUL, May 14 (Korea Bizwire) — South Korea said Thursday it will carry out a test run of hydrogen fuel-cell electric commercial vehicles as it moves to promote the resource as one of the main energy sources for Asia’s fourth-biggest economy. The government has signed two separate memoranda of understanding with Hyundai Motor Co. and [...]