SEOUL, Nov. 15 (Korea Bizwire) – SK Innovation, an energy affiliate of SK Group, said Monday that it will establish a second EV battery plant at its battery complex in Seosan, South Chungcheong Province. The new factory will sit on 40,000 square meters of land, which is similar to its current plant, but with a [...]
BUSAN, Nov. 9 (Korea Bizwire) – Pukyong National University announced Wednesday that graduate student Seonwoo In-young (26), recently succeeded in producing bioethanol using dead seaweed that washed ashore after a tropical storm. Seaweed plays an essential role as a food source, habitat, and spawning ground for marine organisms, but only when its alive underwater. Dead [...]
SEJONG, Nov. 1 (Korea Bizwire) – South Korean companies will participate in Oman’s large-scale energy and infrastructure projects totaling approximately US$27.1 billion, the trade ministry said Tuesday. The two countries came to an agreement at their economic cooperation committee meeting, according to ministry officials. The committee has been meeting every other year since 2009, this [...]
SEOUL, Oct. 28 (Korea Bizwire) – The latest report from Siemens Korea forecasts a brighter future for Seoul’s environmental sustainability. According to the Siemens City Performance Tool (CyPT) provided to the metropolitan government on Thursday, Seoul should see a 23 percent reduction in carbon emissions by 2020 (compared to 2014) through public investment and private [...]
SEOUL, Oct. 26 (Korea Bizwire) – The Korea Electric Power Corporation announced Tuesday that it will spend 2.5 trillion won ($2.2 billion) to remove utility poles and move power lines and other electricity installations underground over the next two years. Although utility poles have steadily disappeared from developed neighborhoods in city areas, many still remain [...]
SEOUL, Oct. 24 (Korea Bizwire) – Recent data from the Korea Electric Power Corporation (KEPCO) showed that electricity consumption per capita for the USFK was almost ten times the average rate for the Korean military, again raising questions over excessive energy consumption by American military personnel stationed on the peninsula. According to KEPCO, electricity consumption [...]
SEOUL, Oct. 17 (Korea Bizwire) – More homes in South Korea have installed solar panels in the past few years to reduce the cost of electricity, data showed Monday. According to the data compiled by Korea Electric Power Corp. (KEPCO), some 165,449 homes had rooftop solar panels as of June this year to make up [...]
SEOUL, Oct. 11 (Korea Bizwire) – South Korea has the world’s second-fastest construction time of nuclear reactors after Japan, a report from the U.N. nuclear watchdog showed Tuesday, but Seoul’s atomic energy provider said the short period doesn’t affect their safety. According to the report by the International Atomic Energy Agency, South Korea has built [...]
BUSAN, Oct. 10 (Korea Bizwire) – Renault Samsung Motors, a local subsidiary of Groupe Renault, announced Monday that it will host the 2016 Busan Eco-Rally. During the race, participants will drive around the city in SM3 Z.E. vehicles, the automaker’s full-electric sedan, engaging in various environmentally-friendly missions such as doing dishes using as little water [...]
GOYANG, South Korea, Oct. 7 (Korea Bizwire) – Gyeonggi’s Provincial Government announced Thursday that it will be establishing a smart apartment complex that will help residents boost energy sufficiency. The endeavor will incorporate energy efficiency and information and communications technologies, with some 1,000 households at the Hoban Vertium Apartment Complex in Goyang benefiting from the [...]