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Archive by category Energy & Green

SK Telecom Develops Combined Heat and Power System for Hyundai Factory

SK Telecom Develops Combined Heat and Power System for Hyundai Factory

SEOUL, Jul. 13 (Korea Bizwire) — SK Telecom revealed yesterday that it had developed two systems for Hyundai Motor’s Ulsan factory, allowing the facility to be more efficient with its energy consumption. One is a combined heat and power system and the other, a factor energy management solution. The combined heat and power system will [...]

Security Guard Keeps His Job Thanks to Solar Power

Security Guard Keeps His Job Thanks to Solar Power

GWANGJU, Jul. 10 (Korea Bizwire) — An apartment complex in Dong-gu, Gwangju is gaining national attention after residents made the decision to continue employing a security guard by making use of electricity bill savings resulting from the installation of new solar panels to cover his salary. The Ullim 2 Apartments was designated most recently as [...]

KEPCO Seeks Greater Foothold in India’s Renewable Energy Market

KEPCO Seeks Greater Foothold in India’s Renewable Energy Market

SEOUL, Jul. 10 (Korea Bizwire) — The state-run Korea Power Electric Corp. (KEPCO) said Tuesday it will beef up technology cooperation with India’s state-run power company for renewable energy projects as it strives to make inroads into the vast market. KEPCO signed a memorandum of cooperation with Power Grid Corporation of India Ltd.(PGCIL) during a [...]

S. Korea Steps Up Effort to Win Saudi Arabia’s Nuclear Project

S. Korea Steps Up Effort to Win Saudi Arabia’s Nuclear Project

SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s government said Monday it will step up collaboration with the local nuclear industry to boost the country’s chances to win Saudi Arabia’s nuclear project after the state-run Korea Electric Power Corp. (KEPCO) was shortlisted along with four other bidders. Saudi Arabia selected five countries — South Korea, [...]

Blue House a Model of Environmental Stewardship

Blue House a Model of Environmental Stewardship

Jun. 30 (Korea Bizwire) – South Korea’s presidential Blue House is positioning itself as an exemplary “tree hugger” aimed at spurring more significant behavioral changes among the public. Cheong Wa Dae, the executive office of the South Korean head of state, announced yesterday that it would be cutting back on the use of single-use items [...]

Oil Giants Team Up for Delivery Service

Oil Giants Team Up for Delivery Service

SEOUL, Jun. 20 (Korea Bizwire) — SK Energy and GS Caltex are joining hands to create a parcel delivery service utilizing the two companies’ existing network of gas stations. In addition to the collaboration, the joint venture has new meaning, experts say, because of the willingness by SK and GS to share key corporate infrastructure [...]

Samsung Electronics Pivots to Renewable Energy

Samsung Electronics Pivots to Renewable Energy

SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]

“Energy” Big Data to be Shared with Large Corporations

“Energy” Big Data to be Shared with Large Corporations

SEOUL, May 31 (Korea Bizwire) — A new way has been paved for corporations to incorporate the massive trove energy-related big data held by the Korea Electric Power Corporation (KEPCO) into new energy business models. The Ministry of Trade, Industry and Energy announced today that KEPCO had signed MOUs with four corporations (KT, SKT, LG [...]

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

Chinese Cars with Korean-made Batteries Excluded from Chinese Subsidies

SEOUL, May 24 (Korea Bizwire) — Sources in China say that electric cars equipped with Korean-made batteries were not included in a list of cars awarded subsidies by the Chinese government. According to industry insiders, the Ministry of Industry and Information Technology in China announced on its website yesterday a list of car models that [...]