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Hyundai to Supply 30 Hydrogen Buses to Six Cities Next Year

Hyundai to Supply 30 Hydrogen Buses to Six Cities Next Year

SEOUL, Nov. 21 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will supply 30 hydrogen-powered buses to six major South Korean cities next year in a move to promote the zero-emission vehicles. In the pilot project, the 30 environment-friendly hydrogen electric fuel cell buses will be used for public transportation in Seoul, Ulsan, Gwangju, [...]

Government Mulls Easing Regulations on Hydrogen Cars and Drones

Government Mulls Easing Regulations on Hydrogen Cars and Drones

SEOUL, Nov. 16 (Korea Bizwire) — The South Korean government is expected to move forward with new policies that would permit the installation of hydrogen charging stations in semi-residential areas and commercial areas as well as the establishment of drone zones in currently prohibited airspace. Such issues were addressed yesterday at the Central Government Complex [...]

Floating Solar Farm in Spotlight as S. Korea Goes Green

Floating Solar Farm in Spotlight as S. Korea Goes Green

GUNSAN, Nov. 16 (Korea Bizwire) — A reservoir on the south bank of the Geum River has stayed idle except when it stores heavy rain to prevent flooding in the nearby industrial complex in Gunsan, a southwestern port city. The coastal reservoir has recently found a new role: The nation’s largest floating solar farm was [...]

SK Innovation Creates Own Media Outlet to Relay Corporate News

SK Innovation Creates Own Media Outlet to Relay Corporate News

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s largest petrochemical company has set up its own communication channel in the form of an online media business to relay company information and other industry news. SK Innovation Co. stated yesterday it had created SKinno News in response to a need to directly communicate the latest news [...]

S. Korea’s Renewable Battery Industry to Create Fund

S. Korea’s Renewable Battery Industry to Create Fund

SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s big-three rechargeable battery makers have agreed to create a fund to jointly develop next-generation battery technologies and foster related industries, the industry ministry said Monday. The companies — LG Chem Inc., Samsung SDI Co. and SK Innovation Co. — signed a memorandum of understanding for joint R&D [...]

Gov’t to Scrap Benefits for Low-emission Diesel Vehicles to Combat Fine Dust

Gov’t to Scrap Benefits for Low-emission Diesel Vehicles to Combat Fine Dust

SEOUL, Nov. 8 (Korea Bizwire) — The government said Thursday it will scrap all benefits given to low-emission diesel vehicles in an effort to eventually take diesel cars off the roads to help curb fine dust. The decision to abolish the government’s “clean diesel policy” was part of a set of measures that the environment [...]

U.S. Sanctions on Iran Trouble Refiners over Condensate Imports

U.S. Sanctions on Iran Trouble Refiners over Condensate Imports

SEOUL, Nov. 8 (Korea Bizwire) — South Korean refiners and petrochemical companies are struggling to diversify imports of ultralight crude following the U.S. reimposition of sanctions on Iran over its nuclear program, industry sources said Thursday. Washington on Monday reinstated all Iranian sanctions removed under the 2016 nuclear deal but allowed South Korea and seven [...]