SEOUL, May 25 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) is participating in Dubai’s efforts to transform into a smart-energy city. KEPCO and DEWA (the Dubai Electricity and Water Authority) held a groundbreaking ceremony on May 24 for the pilot phase of a smart grid station (SGS) project, at DEWA’s vehicle workshop in [...]
SEOUL, May 19 (Korea Bizwire) – South Korea’s major shipbuilders are pulling out of wind power generation projects as they are reeling from massive losses and a drawn-out slump in the global economy, industry sources said Thursday. Since 2009, local shipyards, led by Hyundai Heavy Industries Co., have been tapping the alternative energy business sector [...]
SEOUL, May 9 (Korea Bizwire) – With the airborne concentration of yellow dust and other particulate matter worsening every year, Koreans are increasingly willing to open their wallets to get their hands on fresh oxygen. According to online shopping site Gmarket, sales of oxygen-related products from January to April 28 increased by a factor of [...]
SEJONG, April 19 (Korea Bizwire) – The U.S. National Aeronautics and Space Administration (NASA) will send two science planes to South Korea next week to conduct an air pollution study in cooperation with the Asian country’s environment research body, government officials said Tuesday. The National Institute of Environmental Research said a DC-8 flying laboratory and [...]
JEJU, April 7 (Korea Bizwire) – A new system that allows windmills to provide a stable source of electricity and store the energy efficiently will be developed for the first time by Korean research teams. Jeju Island, LG Chemical, POSCO ICT, and Wind Synergy signed an agreement to cooperate on Energy Storage System (ESS) initiatives linked to [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Wednesday it will invest 527.2 billion won (US$435 million) to expand its solar module production facilities as part of an effort to secure a new growth engine. Under the plan, LG Electronics will add six more production lines to its solar module plant based in [...]
CHANGWON, Dec.28 (Korea Bizwire) – Although the electric car is gathering popularity as an eco-friendly transportation means, many people have a common misunderstanding that the mileage will be shorter than that of normal cars. Changwon city, Gyeongnam province, which is the ‘Leading City of Electric Cars’ designated by the Ministry of Environment, made an attempt [...]
SEJONG, Dec. 14 (Korea Bizwire) – South Korea’s state-controlled electric utility company on Monday said it has inked a deal to build and operate a wind power plant in Jordan. The US$510 million agreement calls for Korea Electric Power Corp. (KEPCO) to build the 89.1 megawatt Fujeij wind farm in the Middle Eastern country. The [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s leading chemicals and electric vehicle battery maker LG Chem Co. and its local rival Samsung SDI Co. have outpaced global players in terms of strategy and execution in the electric vehicle (EV) battery industry, a report showed Monday. In a survey on eight EV battery manufacturers, LG [...]
SEOUL, Dec. 2 (Korea Bizwire) – Hanwha Q Cells Co., the world’s leading solar cell maker, said Wednesday it has built a solar plant in Turkey, and plans to expand its capacity there as part of an effort to tap deeper into emerging markets. The South Korean solar cell maker has completed a plant with [...]