HONGSEONG, South Korea, Aug. 16 (Korea Bizwire) – South Chungcheong Province has been designated as a next generation production hub for FCEV (fuel cell electric vehicle) parts, after passing a government feasibility assessment of the region. According to provincial officials, the new facilities will provide an important cornerstone for the automobile industry of the future, [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s electricity use hit a new record high again on Thursday as the country has been simmering in a weeks-long heat wave, the authorities said. The maximum electricity load soared to 84.49 million kilowatts as of 3 p.m., breaking the previous record of 83.7 million kilowatts set on [...]
SEOUL, Aug. 8 (Korea Bizwire) – Amid ongoing criticism of the ‘progressive electricity billing system’, under which households are charged higher electricity rates for higher electricity use, the International Energy Agency (IEA) revealed in a recent report that industrial power consumption far outweighs residential power consumption in Korea, a trend that marks a stark contrast [...]
SEOUL, Aug. 6 (Korea Bizwire) – Summer heat is scorching the peninsula, but Korean households are refraining from using air conditioning units, with widespread worry over electricity bill ‘surprises’ resulting from the national progressive electricity billing system. The system was instituted to encourage frugal energy consumption by charging higher rates for higher electricity use. But [...]
SEOUL, Aug. 4 (Korea Bizwire) – Tesla Motors Inc., a U.S. electric vehicle producer, is set to open its first dealership in South Korea and possibly begin offering its globally famous electric car models to local customers before the end of the year, sources said Thursday. The U.S. automaker has agreed to open a shop [...]
ULSAN, Aug. 2 (Korea Bizwire) – One of Korea’s major power producers, East-West Power Corporation (EWP), has been caught spilling 290 tons of polydimethylsiloxane (PDMS), an anti-foaming agent, and an oil mixture into Korea’s eastern seas. PDMS is a Y-class harmful liquid material according to the Marine Environment Management Act, and its marine discharge is [...]
SEJONG, Aug. 2 (Korea Bizwire) – South Korea will spend about 200 billion won (US$180.3 million) this year to sharply expand electric vehicle charging infrastructure nationwide as part of its efforts to foster the eco-friendly sector as a new growth engine, the trade ministry here said Tuesday. Under the plan, led by the Korea Electric [...]
SEOUL, Aug. 1 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs (MAFRA) revealed Monday that Korea Western Power Co. (KWP), one of the six major power producers in Korea, will collaborate with a tomato farm in Hongseong County (Octo & Jain) and a Nonsan strawberry farm (Nakwon Farm) to reduce greenhouse emissions. [...]
JEONJU, July 26 (Korea Bizwire) – LG Group’s latest foray in the agricultural sector isn’t likely to go unopposed. LG CNS, an IT affiliate of LG Group, revealed earlier this month it would invest 380 billion won to build a farming complex called Smart Biopark, which will cover approximately 76 hectares of land, in the [...]
SEOUL, July 25 (Korea Bizwire) – According to Hyundai Motor, 48 percent of the customers who purchased its eco-friendly hybrid models – Ioniq, Sonata and Grandeur (Azera) – between January and May chose white-colored vehicles, indicating that white is the most popular color for eco-friendly cars. The Ioniq Hybrid showed the highest percentage with 66 [...]