POHANG, Mar. 20 (Korea Bizwire) — A South Korean research team has developed a new device that can maximize the efficiency of solar power generation even on cloudy or rainy days. The researchers from Pohang University of Science and Technology, the Korea Institute of Machinery and Materials and Kyung Hee University developed a new technology [...]
SEOUL, Mar. 20 (Korea Bizwire) — SK Innovation Co. said Wednesday it has broken ground for an electric vehicle (EV) battery plant in the United States. South Korea’s top energy-chemical business group said in November it will invest 1.14 trillion won (US$1.01 billion) to build the 9.8 gigawatt-hour capacity battery plant in the city of [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it will sharply reduce the import surcharge imposed on liquefied natural gas (LNG) in line with the government’s efforts to control fine dust pollution. The Ministry of Trade, Industry and Energy said the new rules will cut the levy on the more environment-friendly [...]
SEOUL, Mar. 18 (Korea Bizwire) — The British Embassy in Seoul said Monday that it will help carmaker Jaguar Land Rover’s promotion of its all-electric vehicle (EV) in South Korea amid rising demand for environmentally friendly cars. The British Embassy here kicked off a five-day “Green is Great” campaign in order to highlight areas of [...]
SEOUL, Mar. 18 (Korea Bizwire) — Diesel cars, known to be one of the major causes of air pollution, comprised nearly half of all automobiles driven in South Korea last year. The Korea Transportation Safety Authority announced last Friday that cars in South Korea covered a total distance of 327.1 billion kilometers last year, an [...]
SEOUL, Mar. 13 (Korea Bizwire) — Installing eco-friendly hot water boilers will become mandatory for all residences as South Korea seeks to reduce airborne fine dust. The South Korean Ministry of Environment said on Tuesday that a subcommittee at the National Assembly held a meeting to discuss the mandatory installation of eco-friendly boilers. It is [...]
SEOUL, Mar. 12 (Korea Bizwire) — South Korea outstripped China as the world’s No. 2 importer of U.S. crude oil in 2018 due to its cheaper price and a Sino-American trade war, an industry report said Tuesday. South Korea’s daily average imports of American crude amounted to 236,000 barrels last year, trailing Canada’s 378,000 barrels, [...]
SEOUL, Mar. 11 (Korea Bizwire) — The number of gas stations in South Korea dropped for the fourth straight year in 2018 amid worsening profitability facing the industry, data showed Monday. As of end-December, 11,769 petrol stations were operational across the country, down 196 from a year earlier, according to the data by the Korea [...]
SEOUL, Mar. 8 (Korea Bizwire) – The South Korean government plans to make mandatory the use of highly efficient products and provide incentives to eco-friendly generating facilities for a more competitive renewable energy industry. The initiative is expected to help prevent less efficient Chinese products from taking over the South Korean market, and develop highly efficient, eco-friendly [...]
SEOUL, Mar. 7 (Korea Bizwire) — South Korea is aiming to have 2,000 hydrogen fuel-cell electric buses in the country by 2022 as it strives to raise the ratio of environment-friendly vehicles, the transport ministry said Thursday. This year, the government is initially targeting the replacement of 35 existing buses with fuel cell electric vehicles [...]