SEOUL, Sept.16 (Korea Bizwire) – As Hyundai Motor Company recently announced plans to mass-produce extended-range electric vehicles (EREVs), the battery industry is closely watching the potential impact of this emerging technology. While the market viability of EREVs remains to be fully proven, there’s growing optimism that the expansion of this sector could provide a much-needed boost [...]
DAEJEON, Sept. 12 (Korea Bizwire) – The Korea Institute of Energy Research (KIER) has announced a breakthrough in urban electrification technology, leveraging artificial intelligence to stabilize renewable energy grids in cities. The development, announced on September 11, marks a significant step towards sustainable urban environments and carbon neutrality. Urban electrification, the process of transitioning city energy [...]
SEOUL, Sept. 12 (Korea Bizwire) — The Nuclear Safety and Security Commission (NSSC) on Thursday granted a construction permit for two new nuclear reactors on the east coast of South Korea, eight years after the application was submitted. At its regular meeting, the NSSC approved proposals from Korea Hydro & Nuclear Power Co. to build [...]
BUSAN, Sept. 10 (Korea Bizwire) — An electric bike caught fire while being charged at a convention center in the southeastern port city of Busan, but sprinklers helped put out the flames, officials said Tuesday. The blaze occurred at 10:15 p.m. Monday at an underground parking lot at Bexco, an exhibition and convention center in [...]
SEOUL, Sept. 10 (Korea Bizwire) – In a move to address growing safety concerns and maintain customer loyalty, Mercedes-Benz Korea announced on September 9 that it plans to distribute charging vouchers worth 300,000 won to owners of its electric vehicles. Mathias Vaitl, president of Mercedes-Benz Korea, communicated this decision in an email titled “A Message of [...]
SEOUL, Sept. 6 (Korea Bizwire) – The government said Friday it will conduct prior safety checks on electric vehicle (EV) batteries and require EV makers to disclose their battery brands to address public concerns about spontaneous fires in EVs. The plan was finalized during a government meeting led by Prime Minister Han Duck-soo as part [...]
SEOUL, Sept. 6 (Korea Bizwire) – Carmakers and battery manufacturers in South Korea on Friday expressed their commitment to cooperate with a newly announced set of government measures aimed at preventing spontaneous fires in electric vehicles. Under the plan announced earlier in the day, the government’s EV battery certification system that was scheduled to go [...]
SEOUL, Sept. 6 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) plans to invest US$40 million in TerraPower LLC, a U.S. small-sized nuclear reactor company founded by Bill Gates, an industry source said Friday. If formally approved by KHNP’s board, it will mark the first investment by a state-run energy firm into [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s biggest coal mine, Jangseong Coal Mine, formally closed Friday, 88 years after it opened, as coal output declined with the nation shifting toward greener energy sources. The anthracite coal mine in Taebaek, some 180 kilometers east of Seoul, began operations in 1936 during Japan’s colonial rule of [...]
SEOUL, Sept. 5 (Korea Bizwire) — Foreign Minister Cho Tae-yul has said South Korea’s nuclear power plant deal with the Czech Republic will be a “prime opportunity” for the two countries’ relations to advance to a new level, his office said Thursday. Cho made the remark during a meeting with Czech National Security Adviser Tomas [...]