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South Jeolla Emerges as South Korea’s Renewable-Powered AI Hub

South Jeolla Emerges as South Korea’s Renewable-Powered AI Hub

MUAN, Oct. 22 (Korea Bizwire) — In a country racing to secure its place in the global artificial intelligence arms race, South Jeolla Province has quietly become a surprising frontrunner. Backed by abundant renewable energy and vast land resources, the region is drawing some of the world’s biggest technology investments—including the government’s next national AI computing [...]

Behind the “Unfair Settlement”: The U.S. Ruling That Tied Korea’s Nuclear Exports to Washington

Behind the “Unfair Settlement”: The U.S. Ruling That Tied Korea’s Nuclear Exports to Washington

South Korea’s Nuclear Export Deal with Westinghouse Sparked by U.S. Ruling on Reactor Technology Origins SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government’s controversial settlement with U.S. firm Westinghouse over nuclear technology rights was driven by a 2024 decision from the U.S. Department of Energy (DOE) declaring that Korea’s APR1400 reactor design contains American-origin [...]

Battery Stocks Surge on EV and ESS Optimism, but Analysts Warn of Overheating

Battery Stocks Surge on EV and ESS Optimism, but Analysts Warn of Overheating

SEOUL, Oct. 20 (Korea Bizwire) —  South Korea’s battery sector has roared back to life this month, rebounding sharply from months of stagnation tied to electric vehicle (EV) demand concerns. The rally has sent related exchange-traded funds (ETFs) soaring, though analysts caution that the upswing may be short-lived. According to data from the Korea Exchange as [...]

Time Magazine Honors Hyundai’s Self-Driving Hydrogen Truck Among 2025’s Top Innovations

Time Magazine Honors Hyundai’s Self-Driving Hydrogen Truck Among 2025’s Top Innovations

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, [...]

Korea’s Data Center Fire Renews Focus on Battery Safety, Accelerates Shift to Prismatic and LFP Cells

Korea’s Data Center Fire Renews Focus on Battery Safety, Accelerates Shift to Prismatic and LFP Cells

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 [...]

Petrochemical Industry Struggles to Restructure Amid Global Glut and Government Pressure

Petrochemical Industry Struggles to Restructure Amid Global Glut and Government Pressure

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. [...]

POSCO International Completes EV Parts Plant in Poland to Expand Global Network

POSCO International Completes EV Parts Plant in Poland to Expand Global Network

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 [...]

South Korea Pushes Ahead With ‘Energy Highway,’ Fast-Tracking Power Grid Projects

South Korea Pushes Ahead With ‘Energy Highway,’ Fast-Tracking Power Grid Projects

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 [...]

Old Lithium Battery Blamed in Government Data Center Fire, Raising Concerns for South Korea’s ESS Market

Old Lithium Battery Blamed in Government Data Center Fire, Raising Concerns for South Korea’s ESS Market

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 [...]