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Moves Afoot to Allow Companies to Directly Purchase Electricity Produced Using Renewable Sources

Moves Afoot to Allow Companies to Directly Purchase Electricity Produced Using Renewable Sources

SEOUL, Oct. 13 (Korea Bizwire) — Starting from the end of this month, companies will be allowed to directly purchase electricity produced from renewable energy. This will broaden the way for companies to participate in the RE100 campaign that calls for companies to meet their entire electricity demand with renewable energy such as wind power [...]

Corporations Speed Up Efforts to Develop Hydrogen Ventures

Corporations Speed Up Efforts to Develop Hydrogen Ventures

SEOUL, Oct. 5 (Korea Bizwire) — Businesses are speeding up competition in the hydrogen industry as they set up new corporations or engage foreign businesses. Doosan Group recently established Doosan H2 Innovation, a new corporation that will be in charge of developing solid oxide fuel cells (SOFC). The group also plans to reorganize the R&D [...]

S. Korean Firms Pick New Names in Anticipation of Future Growth

S. Korean Firms Pick New Names in Anticipation of Future Growth

SEOUL, Sept. 8 (Korea Bizwire) — South Korean conglomerates are leaving the door open for business expansion as they proclaim new company mission statements. Hanwha General Chemical Co. announced a name change to Hanwha Impact, leaving out the word ‘chemical,’ which has been the company’s flagship business. Hanwha Impact will go beyond the chemical industry [...]