SEOUL, Dec. 22 (Korea Bizwire) – The very first South Korean LNG-powered merchant vessel is expected to set sail next year. The Ministry of Trade, Industry and Energy and POSCO said on Thursday that the launch ceremony for the country’s first LNG-powered merchant vessel, ‘Green Iris’, will take place on Friday at Hyundai Mipo Dockyard [...]
SEOUL, Dec. 22 (Korea Bizwire) — Hanwha Q CELLS, the solar power business unit of Hanwha Group, said Friday it will build a 1 gigawatt solar power plant in Turkey by 2018 to supply electricity to the country. In March, Hanwha Q CELLS won a deal from the Ministry of Energy and National Resources in [...]
SEOUL, Dec. 22 (Korea Bizwire) — The government said Friday it will push legislation early next year to promote the production and use of supermini vehicles as a means of saving energy. Ultra-small vehicles will include those with less than 250 cc in engine capacity or 15kW in rated output, that are lighter than 600 [...]
SEJONG, Dec. 21 (Korea Bizwire) – Come next year, citizen-funded solar panels are to be installed on unused spaces within the nation’s water treatment facilities. The business model in which citizen cooperatives invest in solar power and take home the resulting profits has been implemented in the past, although on a vastly smaller scale; of [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won (US$101 billion), the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy announced the detailed plans for its new energy road [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea will develop a small electricity powered truck by 2019 and make efforts to improve the country’s charging infrastructure, the commerce ministry said Tuesday. The Ministry of Trade, Industry and Energy said it will team up with small and medium-sized parts companies to develop a 1-ton capacity electric [...]
SEJONG, Dec. 19 (Korea Bizwire) — South Korea allocated greenhouse gas emissions rights for local companies for 2018, the finance ministry said Tuesday. Under the 2018 emissions allocation plan endorsed by the Cabinet, some 538.5 million tons of emissions rights are to be allocated to businesses, according to the Ministry of Strategy and Finance. The [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s chip and semiconductor firms performed well throughout 2017 to set record-breaking earnings, industry watchers said Monday, while the diplomatic row with Beijing dealt a harsh blow on tourism and automobile businesses. The country’s tech giants saw their earnings soar throughout this year due to the global boom [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korea’s state-run utilities companies will expand the use of drones in checking power stations and other facilities to improve efficiency and safety, the energy ministry said Friday. The Ministry of Trade, Industry and Energy announced the plan in a meeting of drone developers, state utility firms and research [...]
SEOUL, Dec. 13 (Korea Bizwire) — Hyundai Motor Group said Wednesday it will dramatically beef up its pure-electric car lineup in the next eight years in line with global carmakers’ latest push to go electric. Hyundai Motor Co. and its affiliate Kia Motors Corp. are planning to increase the number of all-electric vehicles to 14 [...]