SEJONG, Sept. 21 (Korea Bizwire) – South Korea will invest 43 billion won (US$38.4 million) in developing a new electric vehicle (EV) battery with a range of some 400 kilometers per charge by 2020 in order to foster the clean energy sector as a new growth engine, the trade ministry said Wednesday. The government and [...]
JEJU, Sept. 7 (Korea Bizwire) – Starting next year, private service facilities such as gas stations, cafés, and accommodations will be eligible to receive up to 20 million won ($18,318) in government funds when they install an EV charging station on their premises. According to Vice Minister Woo Tae-hee of the Ministry of Trade, Industry [...]
SEJONG, Aug. 25 (Korea Bizwire) – The South Korea government is making progress in its push to encourage the use of eco-friendly vehicles. Starting Friday, dozens of apartment building parking lots across Korea will offer EV charging using electrical outlets. The Ministry of Environment, in collaboration with KT and Power Cube, installed a total of [...]
SEJONG, Aug. 2 (Korea Bizwire) – South Korea will spend about 200 billion won (US$180.3 million) this year to sharply expand electric vehicle charging infrastructure nationwide as part of its efforts to foster the eco-friendly sector as a new growth engine, the trade ministry here said Tuesday. Under the plan, led by the Korea Electric [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s state-run power supplier has devised a way to use utility poles as charging stations for electric vehicles, drastically cutting installation costs, its officials said Wednesday. Working with an idea submitted by one of its employees, the Korea Electric Power Corp. (KEPCO) said it will conduct a trial [...]