SEOUL, Oct. 6 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Thursday it has broken ground for a plant in Poland for electric vehicle batteries, hoping to become a leading EV battery supplier to European carmakers. The EV battery plant in Wroclaw, southwestern Poland, will cost 400 billion won (US$359 million), [...]
JEJU, South Korea, Oct. 5 (Korea Bizwire) – The Jeju provincial government announced Tuesday the coming of ‘EV Generation 2.0’ that will now focus on culture, tourism, infrastructure, and the environment, as part of its efforts to nurture the island’s EV industry. According to the government, EVs on Jeju now account for more than 1 [...]
SEOUL, Oct. 5 (Korea Bizwire) – South Korea will build a large-scale laboratory for solar photovoltaic technology, allowing companies to test the safety and reliability of solar-powered products, officials said Wednesday. The 1.5-megawatt lab will be built in the administrative capital of Sejong City, about 120 kilometers south of Seoul. If completed, South Korea will [...]
SEOUL, Sept. 30 (Korea Bizwire) – Some 670,000 households were unable to pay their electricity bill this year as of July, a report from the state energy supplier showed Friday, a tally that may increase after record summer heat is estimated to have jacked up the bill from using air conditioning. The report, submitted by [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea will double its investment in renewable energy technology as the country seeks to harness its climate change policy as a new economic growth driver, a senior diplomat said Thursday. “With recent low oil prices, the global energy market appears relatively stable, but actually it is in a [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea is on its way to complete venue construction on time as the country aims to make its first ever Winter Olympics an environmentally friendly event. With the 2018 Winter Games now 500 days away, the South Korea host city PyeongChang, some 180 kilometers east of Seoul, and [...]
SEJONG, Sept. 23 (Korea Bizwire) – South Korea will map out a comprehensive plan to strengthen the safety measures of the country’s energy facilities by the end of this year following last week’s strongest earthquake that jolted the nation, the ministry here said Friday. An advisory committee comprised of experts from various fields, including geology [...]
SEJONG, Sept. 21 (Korea Bizwire) – South Korea will invest 43 billion won (US$38.4 million) in developing a new electric vehicle (EV) battery with a range of some 400 kilometers per charge by 2020 in order to foster the clean energy sector as a new growth engine, the trade ministry said Wednesday. The government and [...]
SEJONG, Sept. 19 (Korea Bizwire) – The South Korean government will provide incentives to encourage solar power plant operators to set up bulk energy storage facilities as part of its efforts to foster the local renewable energy market, the trade ministry here said Monday. Those who install the energy storage system (ESS) at their solar [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, also overtaking that of Germany, the largest producer of green vehicles in Europe, industry data showed Monday. In the first six months of the year, South Korea-based manufacturers of environmentally friendly [...]