SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co. said Friday its autonomous hydrogen-powered truck, developed in partnership with the U.S.-based autonomous driving firm PlusAI, has been named by Time magazine as one of the best inventions of 2025. Hyundai’s Xcient Fuel Cell Class 8 heavy-duty truck, integrated with PlusAI’s Level 4 autonomous driving system, [...]
SEOUL, Oct. 9 (Korea Bizwire) — As investigators probe the cause of the recent fire at South Korea’s National Information Resources Service (NIRS) data center, attention is turning to the safety of the lithium-ion batteries used in its uninterruptible power supply (UPS) system—reviving debate over pouch-type battery risks and accelerating the industry’s shift toward prismatic [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s petrochemical sector, battered by an oversupply wave from China and the Middle East, remains deadlocked over restructuring plans despite government pressure and mounting financial strain. More than a month after companies agreed to draw up detailed restructuring blueprints by year’s end, no tangible progress has been made. [...]
SEOUL, Oct. 2 (Korea Bizwire) – POSCO International Corp., the trading arm of POSCO Group, said Thursday it has completed construction of an electric vehicle (EV) parts plant in Poland to meet rising demand in line with the European Union’s emissions policies. The company invested 94 billion won (US$67 million) in the plant, which will [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s government has designated nearly 100 new transmission and substation projects as “national backbone power grid facilities,” clearing the way for streamlined approvals and fast-tracked construction under a special power grid law that took effect last month. The move, officials said Wednesday, is part of an ambitious plan [...]
SEOUL, Sept. 30 (Korea Bizwire) — The fire that crippled South Korea’s National Information Resources Service last week is being traced to an aging lithium-ion battery, sharpening scrutiny of the country’s battery sector at a time when the industry is already grappling with slowing electric vehicle demand, expiring U.S. subsidies and intensifying competition from China. Authorities [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korean scientists have unveiled the country’s first system capable of producing clean hydrogen at significantly lower costs, a development that could accelerate the nation’s transition to renewable energy. The Korea Institute of Machinery and Materials (KIMM) said Monday that a research team led by principal researcher Kim Young-sang [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea is revisiting an ambitious plan to transform a small island into a showcase of renewable power, seeking lessons from past failures as the government doubles down on clean energy to meet surging demand from carbon neutrality goals and AI-powered data centers. The Ministry of Environment said this [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s three leading battery producers are gearing up for a fierce contest over the country’s second government-led energy storage system (ESS) project, a program worth more than 1 trillion won ($740 million) and slated for delivery in late 2027. The Korea Power Exchange disclosed last week that the second [...]