BUSAN, South Korea, March 13 (Korea Bizwire) – As aviation authorities strengthen in-flight safety measures for power banks and electronic cigarettes, South Korean fire officials have highlighted the dangers of lithium-ion battery thermal runaway through a recent experiment. On March 12, the Busan Fire & Disaster Headquarters conducted a public demonstration to assess the risks associated [...]
SEOUL, March 12 (Korea Bizwire) — HD Hyundai Heavy Industries Co., a major South Korean shipbuilder, said Wednesday it has signed a strategic cooperation agreement with TerraPower LLC, a nuclear power startup founded by Bill Gates, to expand the manufacturing supply chain for power plants featuring sodium-cooled reactors. Under the partnership, the two companies will [...]
SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]
SEOUL, March 11 (Korea Bizwire) — SK Energy Co., a refining arm of SK Group, said Tuesday it has signed a deal to supply renewable aviation fuel to Cathay Pacific Airways. SK Energy will provide more than 20,000 tons of sustainable aviation fuel (SAF) to the Hong Kong flag carrier by 2027, the company said [...]
SEOUL, March 11 (Korea Bizwire) — Hyundai Motor Co. plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company’s labor union claimed Tuesday. Hyundai Motor currently operates a hydrogen fuel cell systems plant in China. If built, the domestic facility will be the [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s leading petrochemical companies are bracing for potential credit rating downgrades in the first half of 2025 as financial indicators continue to deteriorate due to a prolonged industry slump. The growing concerns come in the wake of Homeplus’ restructuring following a credit rating downgrade, raising alarms over broader [...]
SEOUL, March 10 (Korea Bizwire) — In the race to solve overheating challenges in electric vehicle batteries, immersion cooling technology—already gaining traction in data centers and energy storage systems—is emerging as a promising solution. Immersion cooling uses non-conductive cooling fluids to disperse heat from EV batteries, data centers, and energy storage systems. The technology offers superior [...]
SEOUL, March 9 (Korea Bizwire) — what would be the most appealing headline for this (The South Korean steel industry may be able to clinch new opportunities if it takes part in the Alaska gas pipeline project led by the Donald Trump administration, despite the envisioned 25 percent U.S. tariff on all steel imports, experts [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s three major battery makers on Wednesday showcased their new battery solutions at InterBattery 2025, the country’s premier battery industry exhibition, as they prepare for the upcoming era of electric vehicles (EVs) after the current slowdown. LG Energy Solution Ltd. (LGES), the country’s biggest battery firm, unveiled its [...]
WASHINGTON, March 4 (Korea Bizwire) — U.S. President Donald Trump is set to say Tuesday that South Korea, Japan and other countries want to be partners as his administration is working on a natural gas pipeline in Alaska, according to excerpts of his planned address to a joint session of Congress. The White House released [...]