SEOUL, June 26 (Korea Bizwire) – South Korea’s major automobile manufacturers are all set to make a big splash in global eco-friendly vehicle markets in the coming months, local industry sources said Sunday. Hyundai Motor Co. plans to begin the sale of the Ioniq hybrid in the United States and Europe in the latter half [...]
SEOUL, June 24 (Korea Bizwire) – South Korea’s nuclear security watchdog approved a plan to build two more nuclear reactors on Thursday, with their construction to begin immediately following the approval. The decision by the Nuclear Safety and Security Commission allows the state-run Korea Hydro and Nuclear Power Co. (KHNP) to add Shin Kori No. 5 [...]
SEJONG, June 14 (Korea Bizwire) – The Korean government revealed Tuesday that it would relax regulations on the sale of electricity, which is currently monopolized by the Korea Electric Power Corporation (KEPCO). It also decided to launch IPOs for six KEPCO power generation companies, and two state-owned energy enterprises – the Korea Gas Technology Corporation (KGTC) [...]
SEOUL, June 14 (Korea Bizwire) – Koreans are increasingly choosing to install residential solar cell panels at their homes. Last year, solar power generating units were supplied to 42 households in Daegu, and that number will go up to 600 this year. In April, 251 households from 34 apartment complexes applied for the panels. Under the [...]
SEJONG, June 14 (Korea Bizwire) – The South Korean government said Tuesday that it will downsize state-run energy and resource development companies and open the power supply market to the private sector as part of its industry-wide corporate restructuring efforts to increase adaptability to a global low oil price trend. The Ministry of Strategy [...]
SEJONG, Jun. 7 (Korea Bizwire) — South Korea’s environment ministry said Tuesday it has again rejected Volkswagen’s plan to recall its vehicles that fabricated emissions results, saying the local unit of the German carmaker did not admit to using a defeat device to trick vehicle testing. The Ministry of Environment disapproved the plan submitted by [...]
POHANG, June 6 (Korea Bizwire) – South Korean steel giant POSCO is faced with a dilemma over plans to build a new thermoelectric power plant. In an effort to tackle the prevailing issue of airborne fine dust particles, the Korean government revealed a new policy last Friday to shut down old coal-powered thermoelectric power plants, and [...]
SEOUL, June 3 (Korea Bizwire) – South Korea will spend more than 1 trillion won (US$841 million) by 2021 on research and development of clean energy as part of international efforts to reduce greenhouse gas emissions and fight climate change, the government said Friday. It will mark twice the amount earmarked for clean energy research [...]
SEOUL, June 2 (Korea Bizwire) – South Korea’s ruling party has urged the government to prioritize improving the country’s air quality instead of only focusing on policy for energy efficiency. “While the government has been promoting diesel automobiles for energy efficiency, it is important to realize these cars contribute to air pollution problems,” Rep. Chung Jin-suk, the [...]
TAEAN, May 25 (Korea Bizwire) – Chungnam’s Taean County will soon recycle empty oyster shells to desulfurize poisonous sulfur from power plants. Taean County is a big producer of oyster, producing 30,000 tons of shells each year. According to county officials, oyster shells have strong alkali properties, containing over 98 percent calcium carbonate, and are [...]