SEOUL, Jan. 23 (Korea Bizwire) — The construction of the new nuclear reactors under progress in the country is expected to be further delayed as South Korea moves forward with the implementation of a revised labor law that limits the maximum weekly working hours to 52, industry sources said Wednesday. According to a statement from [...]
SEOUL, Jan. 22 (Korea Bizwire) — The Ministry of Trade, Industry and Energy announced on Monday that it will include additional fine dust reduction measures in the 9th Basic Plan on Electricity Demand and Supply, which is to be established this year. The government plans to expand its policy to limit coal power plant output [...]
SEOUL, Jan. 22 (Korea Bizwire) — Owners of electric vehicles (EVs) will be able to charge their cars and get repair services at select gas stations operated by GS Caltex Corp., under an agreement with LG Electronics Inc., the companies said Tuesday. GS Caltex, South Korea’s No. 2 gas station operator, signed a memorandum of [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hydrogen-powered vehicles have the potential for growth and can lead South Korea’s auto industry into the future, but a longer-term perspective is advisable due to some hurdles in the nascent sector, market watchers here said Monday. The country’s hydrogen car market has gained traction on the back of strong [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korean battery makers are lagging behind their rivals in China and Japan in electric vehicle (EV) battery competitiveness, a local think tank said Thursday. Korean car battery companies, such as LG Chem Ltd. and Samsung SDI Co., have witnessed their combined share in the global battery market plunge [...]
SEJONG, Jan. 17 (Korea Bizwire) — South Korea announced a hydrogen economy policy blueprint on Thursday that centers on promoting eco-friendly automobiles and power cells that could create 43 trillion won (US$38.2 billion) worth of wealth in 2040. The Ministry of Trade, Industry and Energy said the policy is focused on building a society that [...]
SEOUL, Jan. 16 (Korea Bizwire) — SK Engineering and Construction Co. has recently received a series of construction orders only a month after signing a contract with Bloom Energy to supply fuel cell facilities in South Korea. SK E&C announced on Tuesday that it had signed contracts with KT Corp. and Korea Midland Power Co. [...]
SEOUL, Jan. 11 (Korea Bizwire) — In theory, hydrogen seems like the perfect energy source to power a vehicle, in that it is the most prevalent element in nature, it can be turned into electricity and emits only water. It has been several decades since the zero-emission cars entered the public consciousness as a possible [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s state-run agricultural company said Thursday that floating solar farms have limited impact on the environment, dismissing criticisms by some conservationists. The Korea Rural Community Corporation (KRC) released a report that compares reservoirs with and without floating solar panels and claimed that there were no significant changes in [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korean electric car battery makers such as LG Chem Ltd. are jacking up their investment to strengthen their standing in the global market, industry sources said Thursday. Late last year, LG Chem, the country’s leading electric vehicle (EV) battery manufacturer, announced investments totaling 3 trillion won (US$2.67 billion). [...]