SEOUL, Aug. 7 (Korea Bizwire) — Samsung SDI Co. said Thursday an electric vehicle (EV) equipped with its batteries has set a world record for the longest distance driven on a single charge. The Lucid Air Grand Touring, an EV produced by U.S. automotive company Lucid Group Inc., traveled 1,205 kilometers from Switzerland to Germany, [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]
SEOUL, Aug. 6 (Korea Bizwire) — Samsung E&A Co., a plant engineering arm of Samsung Group, said Wednesday it has won a 36 billion-won (US$26 million) order for the initial design and planning of a liquefied natural gas (LNG) project in Indonesia. Under a letter of award, the company will carry out front-end engineering design [...]
SEOUL, August 6 (Korea Bizwire) — South Korea has nearly completed the installation of more than 10,000 smart electric vehicle (EV) chargers designed to prevent overcharging-related fires, the Ministry of Environment announced on Tuesday. As part of a broader rollout that began last year, 42,032 smart chargers are being deployed nationwide, with 11,039 units already [...]
SEOUL, August 5 (Korea Bizwire) — A team of South Korean scientists has unveiled a breakthrough in electric vehicle (EV) battery technology that could extend battery life more than fivefold, potentially revolutionizing the performance and longevity of EVs. Researchers led by Professor Cho Chang-shin of POSTECH (Pohang University of Science and Technology) and Professor Yoon Sung-hoon [...]
Breakthrough marks milestone in long-endurance unmanned aerial technology using homegrown hydrogen fuel cell SEOUL, Aug. 5 (Korea Bizwire)— A South Korean research team has successfully completed a 12-hour continuous flight using a domestically developed hydrogen fuel cell-powered drone, setting a new national benchmark for unmanned aerial vehicle (UAV) endurance, the Korea Institute of Materials Science [...]
SEOUL, Aug. 4 (Korea Bizwire) — LG Chem Ltd. said Monday its biofuel joint venture established with Italy’s Enilive S.p.A. has started construction of South Korea’s first hydro-treated vegetable oil (HVO) plant, part of the company’s drive to expand sustainable chemical production. The joint venture, named LG-Eni Biorefining, held a groundbreaking ceremony at the HVO [...]
Test run in Trojena highlights group’s technological edge in extreme conditions SEOUL, Aug. 4 (Korea Bizwire) — Hyundai Motor Group said Monday it had successfully demonstrated hydrogen-powered commercial vehicle technology in Saudi Arabia’s Neom, reinforcing its position as a key partner in the kingdom’s ambitious smart city initiative. The South Korean automaker shared video footage [...]
SEOUL, August 4 (Korea Bizwire) — In a major step following recent U.S.-South Korea trade negotiations, Korea Trade Insurance Corporation (K-SURE) has issued its first investment guarantee under a $200 billion bilateral fund aimed at boosting Korean business ventures in the United States. K-SURE announced Sunday that it will provide a $1 billion financial guarantee [...]
SEJONG, Aug. 1 (Korea Bizwire) — The Seoul government held an emergency meeting Friday to devise response measures to the United States’ new 50 percent tariffs on imported copper, the industry ministry said. The Ministry of Trade, Industry and Energy met with officials from Korean companies that export copper-related products, including LS Metal and Poongsan [...]