SEOUL, Nov.30 (Korea Bizwire) – Although sales of foreign diesel cars froze after it was revealed that Volkswagen cars were ‘cheating’ on emissions tests, sales of environmentally friendly hybrid cars are rising fast. Industry watchers even say that a new ‘era of hybrid cars’ is beginning, as Hyundai Motor and Toyota both saw their highest [...]
SEOUL, Nov. 24 (Korea Bizwire) - LG Chem Co., South Korea’s top chemicals and battery maker, said Tuesday that it has signed a deal to provide an energy storage system (ESS) for a local wind power generation complex in the country. Under the deal with private power generator GS E&R, LG Chem will supply the system [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea’s state-run power monopoly said Friday that it has reached an agreement with Maryland to work together on the development of the new energy sector. The memorandum of understanding (MOU) signed in Annapolis on Thursday calls for the forging of close ties in such areas as smart grids, [...]
SEOUL, Oct. 15 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korea’s No. 5 conglomerate Lotte Group, said Thursday it has completed the construction of a gas chemical complex in Uzbekistan, a major overseas project it has pursued as part of an effort to diversify profit sources. The joint development project, dubbed [...]
SEJONG/GWANGJU, Oct. 15 (Korea Bizwire) — The first international power technology exposition in South Korea is expected to fuel exports and expand cooperative tieups between energy sector operators, the state power monopoly said Thursday. The Bitgaram International Exposition of Electric Technology (BIXPO), which ran from Monday through Wednesday in the city of Gwangju, 330 kilometers [...]
DAEJEON, Oct. 14 (Korea Bizwire) – The Korea Forest Service’s Forest Research Institute has announced that through a joint project with the Ulsan Institute of Science and Technology, researchers have developed technology to make a lithium ion battery that can be folded into a paper crane and used three times longer than current batteries. Professor [...]
SEOUL, Oct. 4 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemicals and battery maker, said Sunday that it has signed a deal to supply lithium-ion (EV) batteries to golf carts made by Japan’s Yamaha Motors Company. Under the contract, LG Chem will supply Yamaha Motors with lithium-ion batteries for its golf carts starting [...]
SEOUL, Oct. 1 (Korea Bizwire) — German carmaker Volkswagen is expected to recall about 120,000 vehicles sold in South Korea in connection with a deepening diesel emissions scandal, market sources said Thursday. On Wednesday, Audi Volkswagen Korea, the local unit of the German carmaker, submitted its latest sales figures, detailed information about the so-called defeat [...]
SEJONG, Sept. 29 (Korea Bizwire) – South Korea can penalize German automaker Volkswagen AG for cheating on its vehicle emissions under a free trade deal with the European Union (EU), the government said Tuesday. According to the environment ministry, the free trade agreement (FTA) reached between the EU and Asia’s fourth-largest economy and South Korea’s [...]
SEOUL, Sept. 28 (Korea Bizwire) – Sales of the Soul EV by Kia Motors Corp., South Korea’s second-largest carmaker, ranked first in Germany’s electric vehicle market last month, industry data showed Monday. Kia Motors sold 360 units of the Soul EV last month in Germany, outperforming the A3 3-tron at 177 units and Tesla Model [...]