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Minister of Transport Opts for Hydrogen Car as Government Pushes Renewable Energy

Minister of Transport Opts for Hydrogen Car as Government Pushes Renewable Energy

SEOUL, Jul. 18 (Korea Bizwire) — The Minister of Land, Infrastructure and Transport (MOLIT) drew media attention last week when she showed up in a white hydrogen-fueled SUV vehicle during her visit to Cheonan, a move that signals the government’s effort to push renewable fuel vehicles. Kim Hyun-mee, who heads the MOLIT, was seen riding in [...]

Govt. Steps Up Efforts to Lower Energy Use

Govt. Steps Up Efforts to Lower Energy Use

SEOUL, Jul. 18 (Korea Bizwire) — The Ministry of Trade, Industry and Energy conducted its first patrols of major commercial districts yesterday as part of its efforts to regulate energy use. The patrols were held in collaboration with local authorities from 18 districts nationwide. Here’s a typical example of what a typical patrol looks like: in [...]

Dependence on Coal-fired Power Output Still High

Dependence on Coal-fired Power Output Still High

SEOUL, Jul. 17 (Korea Bizwire) – South Korea’s coal-fired power generation increased this year as the country’s new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday. According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gigawatt-hours (GWh) in the first five [...]

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

SEOUL, Jul. 14 (Korea Bizwire) — South Korea’s environment ministry has launched a probe into some imported Mercedes-Benz vehicles, an official said Friday, amid reports about an emissions fraud scandal involving German luxury automaker Daimler. “We have found that there are some 40 kinds of imported Mercedes-Benz vehicles suspected of carrying the emissions manipulation device,” [...]

Toll Fees for EVs, Hydrogen Cars to Halve from Sept.

Toll Fees for EVs, Hydrogen Cars to Halve from Sept.

SEOUL, Jul. 11 (Korea Bizwire) — The highway toll charges for electric and hydrogen fuel-cell vehicles will halve from September, the transport ministry said Tuesday. The government plans to temporarily operate the discount program for environment-friendly vehicles by 2020, the Ministry of Land, Infrastructure and Transportation said in a statement. Depending on the operation results, [...]

Lotte Chemical to Expand Investment in Malaysia

Lotte Chemical to Expand Investment in Malaysia

SEOUL, Jul. 11 (Korea Bizwire) — Lotte Chemical Co., South Korea’s No. 2 petrochemical firm, said Tuesday that it will use the proceeds from the initial public offering of its Malaysian unit to finance its facility expansion in the Southeast Asian country. Its Malaysian unit, Lotte Chemical Titan Holdings Berhads, made its market debut there [...]

South Korean Government Eyes Energy Storage Systems

South Korean Government Eyes Energy Storage Systems

SEOUL, July 6 (Korea Bizwire) – The South Korean Government is supporting investment in energy storage systems (ESS), with plans to double the supply this year amid growing concerns over a possible shortage of electric power caused by the temporary shutdown of aging nuclear power plants in the country. According to data released by the Ministry [...]

Renewable Energy-based Electricity Trade Hits Record High in 2016

Renewable Energy-based Electricity Trade Hits Record High in 2016

SEOUL, Jul. 6 (Korea Bizwire) — The volume of electricity generated from renewable energy hit a record high last year, aided by a surge in power generation coming from biomass and by-product gas, data showed Thursday. According to the data compiled by the Korea Power Exchange, a total of 19.35 million megawatt-hours worth of electricity [...]