DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]
SEOUL, Sept. 9 (Korea Bizwire) — Extreme heat wave in August is forecast to push up electricity costs for households by an average of 13 percent, the state-run power company said Monday. The average usage of electricity per household climbed 9 percent in August from a year earlier to come to 363 kilowatt-hours (kWh), which [...]
SEOUL, Aug. 13 (Korea Bizwire) – As a relentless heatwave drives electricity demand to record highs, South Korea’s business community has banded together to launch an energy conservation campaign. The Korea Chamber of Commerce and Industry (KCCI) announced on August 12 that it is spearheading the initiative alongside other major business organizations, including the Federation of [...]
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 [...]