SEOUL, Aug. 13 (Korea Bizwire) – South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has announced a new rebate program offering consumers a 10% refund on energy-efficient household appliances purchased after July 4, 2025. The initiative, known as the “Top Efficiency Household Appliance Rebate Program,” aims to encourage the purchase of energy-saving products and [...]
▪️ 86% rank energy efficiency as most desired home improvement ▪️ 75% of households reduced energy use last winter, over 70% doing so to lower energy bills▪️ 7 in 10 respondents consider sustainable lifestyles important Making homes more energy efficient is the most popular home improvement action according to 86% of consumers in a new [...]
SEOUL, Oct. 19 (Korea Bizwire) — Top 30 South Korean companies vowed Wednesday to push for increasing energy efficiency by 1 percent each year over the next five years to better cope with high energy prices and to ensure sustainability, the industry ministry said. Samsung Electronics Co., Hyundai Motor Corp., LG Chem Ltd., POSCO and [...]
SEOUL, March 18 (Korea Bizwire) — SK Gas Co., the largest local importer and distributor of liquefied petroleum gas, said Tuesday that it will launch a local artificial intelligence (AI)-based energy efficiency service project in a strategic partnership with a French AI solution company. The service, which will be launched with Metron SAS, a startup [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea plans to cut its total power consumption 14 percent by 2030 by improving the energy efficiency of local factories, buildings and cars, the industry ministry said Wednesday. Under the plans, the country aims to save 10.8 trillion won (US$8.94 billion) on energy imports in 2030, while reducing [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea, which ranks as one of the worst Organization for Economic Cooperation and Development (OECD) countries for energy efficiency, needs to raise the price of electricity in order to reduce greenhouse gas emissions, according to experts. The KEPCO Management Research Institute recently reported that the nation ranked 33rd [...]
SEOUL, March 16 (Korea Bizwire) – Around thirty social workers specializing in efficient energy use will be deployed this year by the Seoul Metropolitan Government as part of an energy-saving initiative to help low-income households reduce expenditures on heating and air conditioning. Marking its fourth year in 2017, Seoul’s ‘energy social worker’ initiative will see [...]
GOYANG, South Korea, Oct. 7 (Korea Bizwire) – Gyeonggi’s Provincial Government announced Thursday that it will be establishing a smart apartment complex that will help residents boost energy sufficiency. The endeavor will incorporate energy efficiency and information and communications technologies, with some 1,000 households at the Hoban Vertium Apartment Complex in Goyang benefiting from the [...]
SEOUL, June 2 (Korea Bizwire) – South Korea’s ruling party has urged the government to prioritize improving the country’s air quality instead of only focusing on policy for energy efficiency. “While the government has been promoting diesel automobiles for energy efficiency, it is important to realize these cars contribute to air pollution problems,” Rep. Chung Jin-suk, the [...]
FOSTER CITY, Calif. July 10, 2014 (Korea Bizwire)–Siemens Smart Grid today announced the release of Energy Engage Mobile, the company’s first mobile-web application that brings energy consumption information directly to the consumer’s fingertips helping utilities connect with their customers. Users can track electricity, water, or gas use in near real-time and view their estimated [...]