SEOUL, May 2 (Korea Bizwire) — South Korea’s energy storage system (ESS) producers have been hit hard by a delay in determining the cause of a series of ESS fires, industry sources said Thursday. A civilian-government committee has been carrying out an investigation into a series of fires that broke out in ESS equipment from [...]
DAEJEON, Apr. 29 (Korea Bizwire) — A South Korean research team led by professor Song Hyun-joon from Korea Advanced Institute of Science and Technology (KAIST) developed an electrocatalyst that turns more than 70 percent of carbon dioxide into ethylene without causing significant byproducts. Ethylene is one of the primary materials used in the petrochemical industry, [...]
SEOUL, Apr. 28 (Korea Bizwire) – Korea Gas Corp. (KOGAS), a major gas supplier in the country, said Sunday that it plans to spend 4.7 trillion won (US$4.01 billion) on building hydrogen-producing facilities by 2030. Under the plan, KOGAS will construct 25 hydrogen-producing facilities and pipelines totaling 700 kilometers to transport the gas. By 2030, [...]
DAEJEON, Apr. 25 (Korea Bizwire) — South Korean experts on nuclear technology are teaming up to strengthen Vietnam’s radiation control capabilities. The Global Institute for Nuclear Initiative Strategy (GINIS) announced on Wednesday that it had established a new Nuclear Safety Technology Center at Vietnam’s Dalat University. The center will serve as a platform to transfer [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korea’s petrochemical firms and refiners said Tuesday that the United States’ decision to end its sanctions waivers on Iranian oil imports isn’t likely to cause crisis in the industry, although short-term repercussions on their balance sheets appear to be inevitable. The Donald Trump administration on Monday (local time) [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korean scientists on Tuesday said they have developed an efficient and affordable way to make hydrogen, opening new potential for the production of the clean energy resource. The researchers led by Hyeon Taeghwan, director of the Center for Nanoparticle Research at the Institute for Basic Science, and Seoul [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korea’s industry ministry said Friday it will significantly cut the country’s dependency on conventional energy sources, such as coal, and move toward environment-friendly resources for sustainable growth. During the public hearing for a draft of the country’s energy master plan, the Ministry of Trade, Industry, and Energy said [...]
SEOUL, Apr. 17 (Korea Bizwire) — Chemical companies are alleged to have colluded with air pollutant measurement firms to manipulate data on emissions of fine dust, the environment ministry said Wednesday. A total of 235 chemical factories located in the Yeosu industrial complex were found to have plotted with four measurement agencies in rigging data [...]
SEOUL, Apr. 17 (Korea Bizwire) — The South Korean government on Wednesday unveiled a blueprint to build up the nuclear decommissioning industry, with the aim of becoming one of the top five global players in the field by the mid-2030s. The Ministry of Trade, Industry and Energy said the goal is to account for 10 [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Monday that it will reorganize its liquefied natural gas (LNG) operations as part of its efforts to enhance its business efficiency. The company said in a regulatory filing that its board of directors last week approved the transfer of its LNG terminal in [...]