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Archive by category Energy & Green

Seoul Eyes Over 1 tln Won in Subsidies for Eco-friendly Cars in 2020

Seoul Eyes Over 1 tln Won in Subsidies for Eco-friendly Cars in 2020

SEJONG, Sept. 1 (Korea Bizwire) — South Korea will offer more than 1 trillion won (US$827 million) in subsidies to people who buy electric and hydrogen fuel-cell electric vehicles next year to promote the use of eco-friendly vehicles that do not emit the greenhouse gases largely responsible for global warming, an official said Sunday. The [...]

Danish Renewable Energy Firm Taps into S. Korean Market

Danish Renewable Energy Firm Taps into S. Korean Market

SEOUL, Aug. 29 (Korea Bizwire) — Orsted A/S, the world’s largest offshore wind power producer, said Thursday it is seeking business opportunities in South Korea following the country’s plan to go green in power generation. The Danish state-run energy firm said it has recently completed the establishment of its Korean branch following South Korea’s announcement [...]

Courts to Decide if Government is Responsible for Pohang Earthquake

Courts to Decide if Government is Responsible for Pohang Earthquake

POHANG, Aug. 28 (Korea Bizwire) — A damages suit involving the earthquake in Pohang, North Gyeongsang Province on November 15, 2017 was filed. The trial is finally starting one year and nine months after the quake, as a government research team announced belatedly that ‘the operation of the geothermal power plant brought about an earthquake’, and [...]

Moon’s Presidential Hydrogen Car Debuts amid His Clean Energy Drive

Moon’s Presidential Hydrogen Car Debuts amid His Clean Energy Drive

SEOUL, Aug. 28 (Korea Bizwire) — President Moon Jae-in’s new official car, based on hydrogen fuel-cell technology, made its debut Tuesday, rolling briefly across the grounds of Cheong Wa Dae. Moon moved from one office building to another inside the presidential compound in the Nexo crossover SUV, produced by Hyundai Motor, according to Cheong Wa [...]