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Archive by category Energy & Batteries

South Korea Leads Global Innovation in Battery Fire Safety Technology, Patent Analysis Shows

DAEJEON, Nov. 5 (Korea Bizwire) – In a significant development highlighting South Korea’s dominance in battery technology, patent applications for battery fire safety technologies have surged nineteen-fold over the past decade, according to data released by the Korean Intellectual Property Office on November 3. An analysis of patent applications filed with major patent offices worldwide—including South [...]

S. Korea, Qatar Agree on Stronger Cooperation on Energy Supplies, Renewable Resources

SEOUL, Nov. 4 (Korea Bizwire) — Top industry officials of South Korea and Qatar agreed Monday to maintain strong cooperation on energy supplies amid geopolitical tensions and expand their ties into a wide range of energy and shipbuilding sectors, Seoul’s industry ministry said. South Korea’s Industry Minister Ahn Duk-geun and Qatar’s Minister of State for [...]

SK Innovation, SK E&S Launch Integrated Energy Behemoth following Merger

SEOUL, Nov. 1 (Korea Bizwire) — The merged entity of South Korean refiner SK Innovation Co. and its affiliate SK E&S Co. officially set sail Friday, becoming the largest private energy company in the Asia-Pacific region, the company said. The integrated company, named SK Innovation Co., has combined assets of 105 trillion won (US$76 billion) [...]

South Korean Island Plans to Convert Food Waste Into Hydrogen Fuel

JEJU, Nov. 1 (Korea Bizwire) – Jeju Island, South Korea’s popular tourist destination, is advancing an ambitious plan to transform food waste into hydrogen fuel, marking a significant step in the nation’s renewable energy initiatives. The Ministry of Environment is in discussions with Jeju provincial authorities to designate the island as the primary candidate for a [...]

Korean Research Institute Develops Underwater Laser Technology for Safe Nuclear Reactor Dismantling

DAEJEON, Oct. 31 (Korea Bizwire) – The Korea Institute of Machinery and Materials (KIMM) announced on October 30 that it has developed an innovative laser cutting technology capable of safely dismantling nuclear reactors underwater. The development comes at a crucial time as South Korea faces an increasing need for reactor dismantling technology, with multiple nuclear power [...]

Jeju Island Launches South Korea’s First Commercial Green Hydrogen Sales

JEJU, Oct. 30 (Korea Bizwire) – Jeju Island announced on October 30 that it will begin the nation’s first commercial sales of green hydrogen at the Hamdeok Green Hydrogen Station in Hamdeok-ri, Jocheon-eup, Jeju City, starting December 1. The fuel will be available for hydrogen-powered passenger cars and buses. Green hydrogen, produced by splitting water through [...]

Hyundai Motor Signs 610 GWh Renewable Energy Deal with Domestic Partners

SEOUL, Oct. 30 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has signed a 610-gigawatt-hour (GWh) power purchase agreement (PPA) with SK E&S Co. and other partners, the latest in its renewable energy transition efforts. The automotive giant said its renewable energy supply deal with SK E&S, Hyundai Engineering & Construction Co., GS E&R [...]

LG Chem Launches Third Overseas R&D Center in Germany

SEOUL, Oct. 27 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Sunday it has opened its third overseas research and development center in Germany to develop environment-friendly, next-generation technologies. The Europe Innovation Center, located in Frankfurt, will focus on developing technologies involving next-generation rechargeable batteries, bio chemicals and recycling in partnership [...]

KEPCO to Raise Bills for Industrial Use amid Financial Strains

SEOUL, Oct. 23 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) said Wednesday it will raise electricity rates for industrial use while freezing those for households starting this week amid global energy price volatility and escalating financial strains. Under the decision, the electricity rate for industrial use will rise 9.7 percent on average [...]

KEPCO Says Bill Hike Needed for Essential Investment

SEJONG, Oct. 14 (Korea Bizwire) — The chief of the state-run Korea Electric Power Corp. (KEPCO) on Monday emphasized the importance of raising electricity bills to maintain investment in essential infrastructure and ensure the sustainability of the sector’s ecosystem. “We need to bolster the power grid on time to support the innovative growth of the [...]