SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s state-run Korea Gas Corp. signed a deal to import an additional US$9.6 billion worth of liquefied natural gas (LNG) from the United States for up to 18 years, in line with efforts to expand ties with the world’s top economy in the energy segment, Seoul’s trade ministry [...]
SEOUL, Sept. 16 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Monday it has developed an electric bus remote monitoring system that provides real-time information such as vehicle locations and battery levels. The fleet management system for electric buses jointly developed with KT Corp., a major telecommunications company in South Korea, will [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean refiners said Monday they are closely monitoring potential fallout from drone strikes on Saudi Arabia’s crude processing facilities at the weekend that have rattled the global oil industry. Saudi Arabia shut down about half of its oil production Saturday following a series of drone attacks that damaged [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to install 1,200 hydrogen charging stations across the country by 2040 in line with its vision to utilize hydrogen as the main source of energy for Asia’s No. 4 economy. In a bid to promote awareness of hydrogen charging stations, the [...]
SEOUL, Sept. 10 (Korea Bizwire) — The world’s first hydrogen charging station at a parliament building opened at the National Assembly in Seoul on Tuesday. The achievement is seen as a new era for the hydrogen economy in South Korea as the country’s political center now accommodates a commercial hydrogen charging station. The two hydrogen [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Monday it plans to enter the renewable energy market along with local solar energy firm OCI Co. Under the memorandum of understanding (MOU), Hyundai Motor will install energy storage systems (ESS) at OCI’s solar power stations in South Korea and [...]
SEOUL, Sept. 5 (Korea Bizwire) — A unit of state-run Korea Electric Power Corp. (KEPCO) said Thursday that a US$1.05 billion project to build a gas power plant in the U.S. has begun, with completion eyed for 2022. The Korea Southern Power Co. (KOSPO) will operate the 1,085-megawatt capacity gas power plant in Niles, a [...]
YEONGDONG, Sept. 5 (Korea Bizwire) – A series of court rulings have been made indicating that local governments are justified in disallowing solar power facilities that are recklessly installed amid the renewable energy craze. On June 29, the Supreme Court rejected an appeal filed by a solar power company against Yeongdong County, North Chungcheong Province, [...]
DAEJEON, Sept. 4 (Korea Bizwire) — Patent applications related to floating solar power are surging. According to the Korea Intellectual Property Office (KIPO) Tuesday, the number of related patent applications, which stood at 20 to 30 per year from 2010 to 2013, has been on the rise since then, with 49 in 2014, 74 in [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea has officially started the commercial operation of its new Shin-Kori 4 reactor, the country’s state-run atomic energy company said Monday. The 1.4 million kilowatt (kW) capacity reactor that went online last Wednesday is safer to operate and more economic to run, with a significant boost in output [...]