SEOUL, Feb. 2 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Monday it plans to lower the price of its hydrogen-powered Tucson ix in Europe, a move that could boost its sales against overseas rivals in the green car market. “The timing and other details of the markdown are not yet decided [...]
SEOUL, Jan. 30 (Korea Bizwire) — Six out of ten Korean businesses expected that currently low oil prices would produce positive effects, such as reduced production costs and sales increases. By industry, the automobile and textile industries showed high expectations, but the shipbuilding, E&C and petrochemical sectors expected losses to result from the low price of oil. [...]
“POSCO will help India make the leap towards becoming a core base in the automobile and components industry, and POSCO will play a role in the achievement of the ‘Made in India’ vision, which contains the will of the Indian government to invigorate the manufacturing sector. By going beyond being a simple steel supplier, POSCO [...]
SEOUL, Jan. 21 (Korea Bizwire) – HelioVolt, a U. S. based photovoltaic panel manufacturer in which SK Innovation invested US$76 million, has started its liquidation process. According to SK Innovation on January 20, HelioVolt put its manufacturing assets up for auction on January 14. The assets for sale included manufacturing equipment for copper indium gallium selenium (CIGS) [...]
HASSLEHOLM, Sweden, Jan. 20, 2015 (Korea Bizwire) — All conditions for the completion of the first part of the transaction that Eolus has signed with ewz regarding the sale of 29 wind turbines have been fulfilled and the buyer have taken over the wind farms Ramsnas, Alered and Mungserod. In conjunction with the takeover Eolus [...]
SEOUL, Jan. 20 (Korea Bizwire) – Hanjin Energy Co. has sold all of its stake in South Korean refiner S-Oil Corp to Saudi Aramco’s overseas unit, the refiner said Tuesday, in a deal aimed at easing financial troubles at the energy firm’s parent company.The stake sale came six months after Hanjin Energy, an affiliate owned [...]
HASSLEHOLM, Sweden, Jan. 19, 2015 (Korea Bizwire) — Today Eolus signed an agreement with ewz, an electric utility enterprise, for the sale of 29 wind turbines in south western Sweden for EUR 95 million. As part of the agreement Eolus has been entrusted to provide technical services to ewz for a period of twelve years [...]
SEOUL, Jan. 19 (Korea Bizwire) – The Korea Environmental Industry & Technology Institute (KEITI) delivered 300 home arsenic water purifiers to the city of Vũng Tàu in southern Vietnam on January 17. The project was undertaken under a scheme of disseminating equipment developed and improved by Korean SMEs to be suitable for local use throughout [...]
DANGJIN, Korea, Jan. 16 (Korea Bizwire) – Amid the full-fledged trading of greenhouse gas emission quotas and the increased awareness of the importance of CO2 emission reduction, Hyundai Steel gained attention after receiving international recognition for its efforts to reduce emissions. South Korea’s second largest steel mill announced on January 15 that it won an international certification [...]
SEOUL, Jan. 16 (Korea Bizwire) – Hanwha Group has recently completed construction of its 24MW solar power plant in Japan, cementing its leading position in the Japanese solar power market. Hanwha Q CELLS Japan had a completion ceremony for the Hanwha Solar Power plant in the city of Kitsuki on January 15. The Kitsuki plant is built [...]