SEOUL, May 12 (Korea Bizwire) — Korean scientists successfully developed an eco-friendly artificial photosynthesis system that can create hydrogen energy using only visible light and water. The team led by professor Nam Ki-tae of Seoul National University announced on May 10 that it had succeeded in developing a system for generating hydrogen energy easily and cheaply by [...]
SEOUL, May 11 (Korea Bizwirep) — South Korea’s No. 2 mobile carrier KT said Monday it has won a US$101 million deal from Uzbekistan to provide a smart-energy solutions system that improves efficiency of power management. Under the contract with state-owned power generation company Uzbekenergo, KT will supply energy-metering solutions, such as the Advanced Electricity Metering, that [...]
SEOUL, May 8 (Korea Bizwire) – South Korean solar cell makers are positioned to enjoy a rise in global sales of solar modules, which are likely to jump 20 percent this year, industry data showed on Friday. Global sales of photovoltaic (PV) solar modules are estimated at US$38 billion this year, sharply up from the [...]
ILSAN, South Korea, May 4 (Korea Bizwire) — GM Korea, the local unit of U.S. automaker General Motors, said Monday it will introduce the next-generation Chevrolet Volt plug-in hybrid to the South Korean market next year, showcasing its state-of-the-art green car technology to local customers. The second-generation Volt, unveiled at the Chicago Auto Show in [...]
ILSAN, South Korea, May 4 (Korea Bizwire) – An international conference on electric cars and the related technology kicked off on Monday with experts and officials of major carmakers gathering to discuss how the electric car market will be shaping up in the future, organizers said. The International Electric Vehicle Symposium (EVS), first held in 1969, [...]
SEJONG, May 1 (Korea Bizwire) — The volume of South Korea’s energy imports inched up on-year in the first quarter of 2015, but its value dropped sharply due mainly to weak international crude oil prices, customs data showed Friday. According to the data by the Korea Customs Service (KCS), South Korea imported 78.24 million tons of [...]
SEJONG, Apr. 30 (Korea Bizwire) — South Korea’s state-run power company said Thursday it has completed construction of the world’s largest diesel power plant in Amman, which is expected to generate some US$3.2 billion in sales over the next 25 years. The new power plant in the capital of Jordan has a maximum generation capacity [...]
SEOUL, April 29 (Korea Bizwire) – With an increasing number of Koreans suffering from respiratory ailments due to yellow dust from China, a local team of scientists has developed an air-cleaning technology that uses water and static electricity instead of a filter. The Korea Institute of Machinery and Materials announced on April 28 that the Environmental [...]
SEOUL, April 22 (Korea Bizwire) – Tomatoes grown at a greenhouse heated by an incinerating facility have boosted its profits. According to an April 21 statement fromGeoje City officials, a southeastern shipbuilding city, the sale of tomatoes from the “Well-being Greenhouse” adjacent to its Resource Recycling Facility began on March 25. The city installed the [...]
SEJONG, April 22 (Korea Bizwire) – South Korea will invest over 1.8 trillion won (US$1.66 billion) this year to help boost the clean and renewable energy sector with the related market expected to be worth some 4.6 trillion won by 2017, the government said Wednesday. Under the new measures, approved at an economic ministers’ meeting Wednesday, [...]