SEOUL, March 31 (Korea Bizwire) — LG Hausys is expanding its business related to phenolic foam (PF), a highly efficient and semi-noncombustible insulator, amidst a growing trend focusing on the use of high-functioning and eco-friendly materials in the construction industry. LG Hausys is one of only four manufacturers in the world that are capable of [...]
SEOUL, March 26 (Korea Bizwire) — BMW Korea, the local unit of German carmaker BMW, launched the i8 plug-in hybrid electric vehicle (PHEV) in South Korea on Thursday, igniting competition in the burgeoning environmentally friendly car market. The i8 plug-in sports car is equipped with an engine and an electric motor, which can be charged from [...]
SEOUL, March 22 (Korea Bizwire) — Samsung Electronics has installed 68 floor tiles that generate electricity when they’re walked on at Sandton City, a shopping center located in Sandton, Johannesburg. The power generated by the tiles from March 7 to 19 was 180kW, which corresponds to the amount of electricity needed to power a typical Korean [...]
JEJU, March 18 (Korea Bizwire) — It isn’t too far fetched to say that Jeju Island‘s attempt at promoting itself as a test bed for the newly-rising electric vehicle (EV) industry has caught on, at least in terms of demonstrating the zeal to realize its ambitious plans. The second International Electric Vehicle Expo (IEVE) on the [...]
SEOUL, March 17 (Korea Bizwire) — North Korea is believed to be linked to a series of recent leaks of data on South Korea’s nuclear power plants, investigators said Tuesday. In December, an unidentified hacker, claiming to be an activist against nuclear power, had posted data about nuclear power plants, including their blueprints, five times [...]
SEOUL, March 16 (Korea Bizwire) – Following an amendment to existing laws, apartment constructors will now be obliged to provide exclusive air ventilation systems for each household in new building complexes, to prevent the backward flow of smells from neighbors. Currently, as all households share the same ventilation system, civil complaints are often raised between [...]
SEOUL, March 13 (Korea Bizwire) – In the near future, it will be possible to resell electricity stored in an electric vehicle’s battery to the grid. As EV users can charge their vehicles at a lower cost at night, they can make money by reselling the stored electricity at a higher cost during the day. [...]
SEOUL, March 12 (Korea Bizwire) – Korea’s first biomass power plant will be constructed at Hoengseong, a town famous for Korean cattle known as hanwoo, and will be powered by waste coming from the cows. Korea East-west Power signed an MoU with Hoengseong County of Gangwon Province to build the power plant on March 12. [...]
SEOUL, March 12 (Korea Bizwire) – Korean researchers have developed a new cement-producing technology using reduced iron and steel slag. The Korea Environmental Industry & Technology Institute (KEITI) and the R&D Center for Valuable Recycling announced on March 11 that they have succeeded in producing rapid-hardening cement from metal slag reduced during the scrap metal recycling process, [...]
BOCA RATON, Fla., Mar. 11 (Korea Bizwire) — Nasdaq announced the establishment of a new energy futures market with the support of leading commodities participants. Nasdaq Futures (NFX) will offer competitive pricing, an innovative clearing solution and high-performance technology for futures and options based on key energy benchmarks including oil, natural gas and US power, [...]