SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s annual energy consumption is expected to decline for the first time since 2009, a report showed Sunday, possibly due to sluggish exports and weak consumption at home that have apparently led to a drop in output. In the first seven months of the year, the country’s overall [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s ocean ministry said Monday it will gradually replace 140 government ships with those utilizing clean energy sources by 2030 to meet tighter regulations. “The project will help South Korea to reduce fine dust, greenhouse gas and air pollution, and contribute in developing technologies in the field of [...]
SEOUL, Jun. 4 (Korea Bizwire) — A group of South Korean researchers on Tuesday said they have developed a simple and efficient process to make clean energy from carbon dioxide (CO2), which is cited as a major cause of global warming. The system that uses plain water, catalysts made from reusable and cheap zinc or [...]
STOCKHOLM, Sweden, Dec. 19 (Korea Bizwire) — DigitalRoute, the leading Data Integration and Data Management company, and key European energy provider, Fortum, have jointly announced the completion of a successful Proof of Concept project. Fortum is a leading clean-energy company offering electricity, heating and cooling solutions as well as driving the change for a cleaner [...]
SEOUL, May 2 (Korea Bizwire) – The latest data from the Korea Energy Agency has revealed that new and renewable energy sources accounted for 6.61 percent of total electricity generation in South Korea in 2015, up from 4.92 percent in 2014 and surpassing 5 percent for the first time. The improvement was largely attributed to [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s exports of clean, renewable energy products have sharply increased from a year earlier in the first seven months of the year, the trade ministry said Monday, indicating improving competitiveness of South Korean products. Outbound shipments of solar panels and other related equipment came to US$2.01 billion in [...]
SEOUL, June 3 (Korea Bizwire) – South Korea will spend more than 1 trillion won (US$841 million) by 2021 on research and development of clean energy as part of international efforts to reduce greenhouse gas emissions and fight climate change, the government said Friday. It will mark twice the amount earmarked for clean energy research [...]
SEOUL, Dec 21 (Korea Bizwire) – Beginning next year, the government will increase its level of subsidies given to electric vehicle buyers while extending the time limit for tax benefits by 2017. It will also support the auto industry to improve its EV capabilities so that the electric cars can drive up to 300 kilometers [...]