SEJONG, Nov. 24 (Korea Bizwire) — South Korea’s industry ministry said Friday it plans to closely monitor the supply of hydrogen for automobiles amid supply disruptions in the central region. The government hosted a meeting with officials from hydrogen producers, retailers and regional governments to address the ongoing shortage, according to the Ministry of Trade, [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korea’s battery industry is intensifying efforts to establish a systematic foundation to dominate the rapidly growing second-life battery market, driven by the widespread adoption of electric vehicles. The second-life battery industry represents a futuristic and economically valuable sector. It also has the potential to contribute to waste reduction and [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean battery maker SK On Co. said Wednesday it has partnered with German battery materials firm BASF SE to explore possible business opportunities in the global lithium-ion battery markets. SK On and BASF reached an agreement to collaborate in exploring business opportunities in cathode active materials (CAM) production, [...]
SEOUL, Nov. 15 (Korea Bizwire) – SK Geo Centric Co. (SKGC), the chemical unit of chip-to-construction conglomerate SK Group, on Wednesday began construction of a plastics recycling plant as it seeks to develop the business into a new growth driver. SKGC and its three global partner companies — Loop Industries, Inc. from Canada, PureCycle Technologies, [...]
SEOUL, Nov. 8 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it signed a tentative agreement for a project involving lithium extraction from oil-field brine in Canada’s western province of Alberta. Under the memorandum of understanding with Invest Alberta Corporation (IAC) signed in Seoul, POSCO plans to pursue the project for [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korean battery maker SK On Co. said Monday that it has signed a battery cell supply agreement with Swedish electric vehicle (EV) maker Polestar for the latter’s upcoming EV model. Under the deal, SK On will supply battery cell modules to Polestar for its flagship four-door grand tourer EV model, Polestar 5, beginning 2025, [...]
SEOUL, Nov. 7 (Korea Bizwire) – As the South Korean government decides to expand “altteul” or discount gas stations, concerns are on the rise among owners of regular gas stations. The gas station industry is vocal about discount gas stations pushing regular gas stations towards shutdown. According to the results of a recent local study, discount [...]
BUSAN, Nov. 2 (Korea Bizwire) – New technology that uses coal ash from power plants to construct structures in the ocean is set to be actively promoted in South Korea. Currently, some of the waste materials from burning coal to produce electricity are stored or buried because they are hard to recycle. One of these structures, [...]
SEOUL, Oct. 31 (Korea Bizwire) – Retired electric vehicle (EV) batteries are being freed from their status as mere waste materials. The Ministry of Environment announced on Monday its plan to issue an administrative notice for circular resource designation, focusing on designating waste EV batteries, paper, scrap metal, metal cans, aluminum, copper, waste glass, and glass [...]
SEOUL, Oct. 30 (Korea Bizwire) –The inaugural “hydrogen-powered cleaning vehicle” is set to make its debut in Dongjak-gu, Seoul. Until this point, hydrogen-powered vehicles were primarily limited to passenger cars, buses, and cargo vehicles. However, this marks the first instance where a specialized hydrogen vehicle is designed for waste collection and transportation purposes. These innovative [...]