SEOUL, Apr. 12 (Korea Bizwire) — South Korea will operate eight highway charging stations for hydrogen fuel cell electric vehicles by June, Hyundai Motor said Friday. Hyundai and the Korea Expressway Corp. will each operate four stations, the carmaker said in a statement. On Friday, Hyundai began operating the hydrogen charging stations in Anseong and [...]
SEJONG, Apr. 12 (Korea Bizwire) — The government said Friday it will extend a tax cut on fuel products until the end of August in a move to ease the burden of small businesses and ordinary people. In November, the government lowered fuel taxes by 15 percent for six months. The temporary measure had been [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will speed up the development of renewable energy and encourage more businesses to utilize power produced from sustainable sources such as sunlight and wind. The Ministry of Trade, Industry and Energy announced earlier it plans to have renewable energy account for 20 [...]
SEOUL, Apr. 4 (Korea Bizwire) — The solar energy project carried out over the past three years has damaged some 4,407 hectares (44.07 million square meters) of forest land, records from the Korea Forest Service showed Thursday. Approximately 2.32 million trees were felled during the three-year period to set up solar energy development facilities, according [...]
SEOUL, Apr. 1 (Korea Bizwire) — SK Energy Co. said it will fund the replacement aged oil tank trucks to tackle fine dust as well as promote coexistence with partners. The energy giant doubled the budget (US$3.7 million) for replacing oil tank trucks operated by partner companies at a low interest rate of 2 percent. [...]
SEOUL, Mar. 29 (Korea Bizwire) — The Seoul Metropolitan Government announced on Thursday that it will increase subsidies for the installation of self-generating power devices for elevators. These types of devices store electricity generated from motors when elevators are in operation for future use. Seoul spent 100 million won (US$88,000) last year to install the [...]
DAEJEON, Mar. 26 (Korea Bizwire) — Experts are concerned over the problem that solar panels are being installed in areas that are ten times the size of forests being created to reduce fine dust. Rep. Kim Tae-heum, a member of the main opposition Liberty Korea Party, revealed that a total of 5,553 projects have been [...]
SEOUL, Mar. 26 (Korea Bizwire) — South Korea’s government lifted restrictions on the sale of liquefied petroleum gas (LPG) powered vehicles to consumers Tuesday as it pushes to improve air quality in the country. The move allows everyone to buy cars that emit less fine dust and other pollutants into the environment, which has become [...]
SEOUL, Mar. 21 (Korea Bizwire) — SK Innovation Co., South Korea’s top oil refiner, said Thursday that its shareholders approved a plan to spin off a unit that focuses on the development of information and electronic materials. The spin-off underscores its commitment to fostering its new growth engine, SK Innovation said. With the latest move, [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will invest 9.5 billion won (US$8.4 million) over the next three years to establish hydrogen charging stations that use biogas. The Ministry of Trade, Industry, and Energy said the project comes in line with the government’s vision of building a society that [...]