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LG Group Rules Out Producing Its Own Electric Cars

LG Group Rules Out Producing Its Own Electric Cars

SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]

S. Korea Will Be “Nuclear Free” in 65 Years, about 60 Years Behind Germany, Taiwan, Belgium

S. Korea Will Be “Nuclear Free” in 65 Years, about 60 Years Behind Germany, Taiwan, Belgium

SEOUL, Aug. 18 (Korea Bizwire) – Remarks made by President Moon that the nation will only be nuclear power free in “at least 60 years” at a presidential press conference yesterday has garnered comparisons between South Korea’s nuclear power deactivation policy and other nations. Held to mark his 100th day in office, President Moon expressed [...]

Hyundai to Launch New Fuel-cell Electric SUV Next Year

Hyundai to Launch New Fuel-cell Electric SUV Next Year

SEOUL, Aug. 17 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will launch an all-new fuel-cell electric SUV in South Korea early next year as part of its broader plan to diversify its lineup with more environment friendly vehicles. The country’s biggest carmaker by sales introduced its first fuel-cell electric car based on the [...]

Hyundai Mobis Develops Bi-directional Onboard EV Charger

Hyundai Mobis Develops Bi-directional Onboard EV Charger

SEOUL, Aug. 16 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, has developed a bi-directional onboard charger loadable on an electric vehicle, the company said Wednesday. The bi-directional onboard charger (OBC) allows an electric car that comes with it to charge itself at a charging station. It also allows the vehicle [...]

Daewoo E&C Wins US$963 mln Plant Deal from Oman

Daewoo E&C Wins US$963 mln Plant Deal from Oman

SEOUL, Aug. 7 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major South Korean builder, said Monday that it has clinched a US$963 million deal to build process units of refinery facilities in Oman. Under the deal with Duqm Refinery Petrochemical Industries Co., a joint venture between Daewoo Engineering and Tecnicas Reunidas of Spain [...]