SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s Ministry of Environment announced on January 1 its 2025 hydrogen vehicle subsidy plan, allocating funds to support the purchase of 11,000 hydrogen passenger cars, 2,000 hydrogen buses, and 10 units each of hydrogen-powered trucks and street-cleaning vehicles. The finalized subsidy guidelines, to be published on January 2 [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s demand for hydrogen fuel in the mobility sector jumped 64 percent in 2024 from a year earlier, driven by the increasing number of hydrogen buses in the country, data showed Friday. The country’s hydrogen fuel demand in the mobility sector reached 9,499 tons this year, compared with [...]
SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s industry ministry said Wednesday the country plans to implement eased regulations for hydrogen charging stations next year in line with efforts to support the sector’s ecosystem. The set of new rules is reflected in the revised high-pressure gas safety control act, which will be implemented in May, [...]
SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group’s chief has mentioned the possibility of collaboration with Japan’s Toyota Motor Corp. in areas involving hydrogen-powered mobility. Euisun Chung, executive chair of Hyundai Motor, said, “(Hyundai and Toyota) are discussing hydrogen and trying to collaborate well together.” Chung made the remark Sunday while meeting with reporters [...]
SEOUL, Nov. 12 (Korea Bizwire) — Hyundai Motor Co. on Tuesday forged a partnership with the Ulsan metropolitan city to cooperate in establishing an overall municipal ecosystem based on clean hydrogen energy within the industrial city in South Korea’s southeast. Under their memorandum of understanding, Hyundai and the city government will collaborate in developing and [...]
SEOUL, Nov. 1 (Korea Bizwire) — The government said Friday it will designate three cities as the nation’s first hydrogen-specialized complexes and support their growth into hydrogen industry hubs. The designation comes after the three cities — Donghae and Samcheok of Gangwon Province and Pohang of North Gyeongsang Province — passed preliminary feasibility surveys to [...]
JEJU, Nov. 1 (Korea Bizwire) – Jeju Island, South Korea’s popular tourist destination, is advancing an ambitious plan to transform food waste into hydrogen fuel, marking a significant step in the nation’s renewable energy initiatives. The Ministry of Environment is in discussions with Jeju provincial authorities to designate the island as the primary candidate for a [...]
SEOUL, Oct. 31 (Korea Bizwire) — Hyundai Motor Co. on Thursday unveiled the concept of its upcoming passenger hydrogen fuel cell electric vehicle (FCEV) named Initium that comes with an extended driving range and ample hydrogen fuel storage capacity. Initium is a concept by Hyundai that reflects the product and design direction of a passenger [...]
SEOUL, Oct. 7 (Korea Bizwire) – Hyundai Motor Company announced on October 6 that cumulative sales of its hydrogen-powered electric bus, the Elec City FCEV, have exceeded 1,000 units. As of last month, total sales reached 1,032 vehicles, a significant milestone for the automotive giant’s eco-friendly public transportation initiative. The Elec City FCEV, introduced in 2019, represents [...]
SEOUL, May 31 (Korea Bizwire) – Hyundai Engineering & Construction has commenced construction on a large-scale hydrogen production facility based on water electrolysis in the renewable energy complex of Buan County, North Jeolla Province. The groundbreaking ceremony on May 30 marked the beginning of the construction phase for this significant project. The event was attended by [...]