SEOUL, Jul. 19 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned [...]
SEOUL, Jul. 3 (Korea Bizwire) — Trade Minister Cheong In-kyo said Wednesday that South Korea hopes to expand economic ties with Indonesia in areas ranging from electric vehicles (EVs) to clean energy. Cheong made the remark during his visit to Jakarta, where he attended a ceremony marking the production of Hyundai Motor Co.’s electric vehicles [...]
SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to pursue investment projects worth 2 trillion won (US$1.44 billion) over the next 10 years with businesses to leverage smart and clean energy technologies in the shipbuilding industry. The government unveiled the initiative as part of Vision 2040, a strategic plan [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s trade ministry said Tuesday it has agreed with the Association of Southeast Asian Nations (ASEAN) to expand cooperation in digital transition, clean energy and other areas. Trade Minister Cheong In-kyo met ASEAN Secretary-General Kao Kim Hourn in Seoul to discuss cooperation on areas of mutual interest, including [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s industry ministry said Thursday it has promoted the Carbon-Free Energy initiative (CFE) during an energy ministerial meeting held in Indonesia this week, in line with efforts to promote the use of clean energy to address climate change. According to the Ministry of Trade, Industry and Energy, South [...]
SEOUL, Mar. 6 (Korea Bizwire) — South Korea’s inflation ticked up to over 3 percent in a month in February on high prices of fresh food items and energy, data showed Wednesday. Consumer prices, a key gauge of inflation, rose 3.1 percent on-year last month, compared with a 2.8 percent increase a month earlier, according [...]
SEOUL, Sept. 27 (Korea Bizwire) — Top industry officials of South Korea and Qatar discussed ways Wednesday to enhance bilateral cooperation on the energy and shipbuilding industries, Seoul’s industry ministry said. During the meeting in Seoul, South Korea’s Industry Minister Bang Moon-kyu and Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi discussed how [...]
SEOUL, June 11 (Korea Bizwire) — Solar power generation accounted for close to 40 percent of South Korea’s overall electricity demand at one point in April, industry data showed Sunday, suggesting it has emerged as a major source of energy in the country. A total of 21,778 megawatts was generated through solar power between noon [...]
SEOUL, June 1 (Korea Bizwire) — The government is encouraging retailers to install doors on open refrigerated display cases at their food corners as a means to promote energy conservation. Second Vice Industry Minister Kang Kyung-sung visited a Lotte Mart’s outlet in Seoul on Wednesday and urged the retail industry to actively participate in the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul National University (SNU) consumed the most energy among all facilities in Seoul in 2021 for the 10th year in a row, data showed Tuesday. According to the data by the Seoul Metropolitan Government, the country’s most prestigious university consumed 53,318 tons of oil equivalent (TOEs) of energy last [...]