SEOSAN, South Korea, July 29 (Korea Bizwire) – SK Innovation Co., South Korea’s top refiner, vowed Wednesday to further bolster its electric vehicle (EV) battery business by expanding its global outreach as part of efforts to find a new income source. SK Innovation has been pushing for the EV battery business since 2008, building the [...]
SEJONG, Jul. 22 (Korea Bizwire) — South Korea unveiled a new 15-year power supply plan Wednesday that calls for the construction of two new nuclear reactors to meet the country’s growing demand for electricity. Under the so-called basic plan for power supply, the country will build two new nuclear reactors by 2029, bringing the total [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s LG Chem and Samsung SDI have outpaced global rivals in terms of strategy and execution in the energy storage system (ESS) battery industry, a report showed Monday. LG Chem led the corporate assessment in the ESS segment with a total score of 84, trailed by Samsung SDI with 83.5, [...]
SEOUL, June 26 (Korea Bizwire) – Samsung Electronics has developed a breakthrough technology doubling the capacity of lithium-ion batteries with silicon carbide-free graphene coating, which could bring significant changes to mobile devices and electric cars. Firstly commercialized in 1991, the capacity of lithium-ion batteries has increased only twofold in more than 20 years with a limitation in [...]
SEOUL, June 18 (Korea Bizwire) – North Jeolla Province is making 1 billion won annually from a windfarm of 10 wind turbines installed near a seawall. According to the provincial government, it earned a total of 11.3 billion won (US$10 million) since it installed the wind turbines at the Gunjang Industrial Complex seawall in 2002. The [...]
SEOUL, June 18 (Korea Bizwire) – Over the past 10 years, Seoul has expanded the size of it green space with trees by 669 hectares or 3.2 times the size of Yeouido, thanks to eco-friendly policies to preserve and increase forest cover. According to a biotope map released by the Seoul Metropolitan Government on June [...]
SEOUL, June 17 (Korea Bizwire) – A special “vending machine” designed to collect donations for animal welfare or other causes has been installed in Seoul. On June 16, the Seoul Metropolitan Government announced that it set up the reverse vending machine that accepts cans, PET, paper and glass bottles for recycling on a street in the [...]
SEOUL, Jun. 11 (Korea Bizwire) — Chinese solar power company CNPV signed an agreement to develop 300 billion won (US$ 270 million) plant facilities for solar cell and module production in Saemangeum, on June 10 at an investment briefing in Yeouido. CNPV’s ‘Greenfield’ investment is the largest investment in Korea from a Chinese company. According [...]
SEOUL, Jun. 11 (Korea Bizwire) — Posco Group and its main subsidiary Daewoo International are battling over the sale of a gas field in Myanmar that is the main cash cow for Daewoo International. As Posco Group undertook plans to sell the gas field without consulting executive members of Daewoo International, Jeon Byeong Eal, CEO [...]
UIRYEONG, Jun . 10 (Korea Bizwire) — A protest against the development of a wind power complex around Hanu Mountain and Maebong Mountain in Uiryeong County, Gyeongsangnam-do has been continuing for two weeks at the construction site. About 10 to 30 locals are occupying the site, delaying the construction. Most of them are aged, leading [...]