SEOUL, Apr. 12 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, on Thursday unveiled the electric version of its Kona subcompact sport utility vehicle (SUV) in a stepped-up drive to diversify its lineup with environmentally friendly vehicles. Amid the rapid growth in the domestic electric vehicle market in recent years, Hyundai Motor is [...]
SEOUL, Apr. 11 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Wednesday it has signed a memorandum of understanding (MOU) with Saudi Aramco, the world’s largest crude exporter, to enhance bilateral cooperation in energy, trade, investment and other fields. KOTRA said it expects the MOU signed at KOTRA’s headquarters in southern Seoul on [...]
SEOUL, April 10 (Korea Bizwire) — Samsung C&T has completed construction of wind and solar power facilities in Ontario after 10 years of work, the company said Tuesday. The last part of the three-stage US$5 billion project was finishing the North Kent Wind, a 100-megawatt wind power plant in Chatham-Kent, Ontario. The construction and trading [...]
SEOUL, April 10 (Korea Bizwire) — Seoul announced on April 9 that it will begin subsidizing 500 environmentally friendly electric scooters per year with the goal of helping cover the cost of 4,700 of the vehicles total by 2025. A city representative said, “Electric two-wheelers don’t produce emissions damaging to the atmosphere because they lack [...]
SEJONG, April 5 (Korea Bizwire) — South Korea will further diversify its import sources for natural gas, one of the country’s key energy sources, and build more storage facilities as part of an effort to secure a stable supply and reduce its reliance from coal and nuclear power, the country’s energy ministry said Thursday. According [...]
SEOUL, April 3 (Korea Bizwire) — The Ministry of Oceans and Fisheries has announced dozens of openings for maritime pilots, one of the most coveted jobs in South Korea. Maritime pilots, who are hired to navigate ships through the sea, are responsible for ensuring that the ship they are abroad reaches its destination safe and sound. [...]
SEOUL, April 2 (Korea Bizwire) — South Korea’s power utility firm Korea Electric Power Corp. has bought interests in three solar photovoltaic projects in southern California from Recurrent Energy in KEPCO’s largest investment in the U.S. solar market, according to Canadian Solar Inc. KEPCO acquired its interests in the Astoria, Astoria 2, and Barren Ridge [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korean researchers are ramping up efforts to develop air purifiers and masks in their fight against ultra-fine dust. According to industry watchers, a research team at the Korea Research Institute of Bioscience and Biotechnology has created a nanofiber-based ultra-fine dust filter that can collect particulate matter known as known [...]
SEOUL, March 28 (Korea Bizwire) — South Korea has landed the exclusive rights to explore a deep-sea manganese pavement mine lot in the western Pacific. Under the contract signed between the Ministry of Oceans and Fisheries and the International Seabed Authority (ISA) on Tuesday, South Korea will be able to explore cobalt rich ferromanganese crusts [...]
DUBAI, March 27 (Korea Bizwire) — President Moon Jae-in called for increased business cooperation, especially in renewable energy, between South Korea and the United Arab Emirates (UAE) on Tuesday. Moon made the call during a business forum in Dubai attended by some 200 business people from both countries. “I propose we take another step forward,” Moon said. “I wish the two countries will join forces not only to expand investment in renewable [...]