DAEJEON, June 26 (Korea Bizwire) – The Korea Institute of Energy Research has begun an empirical study on the establishment of a hydrogen and clean energy-based residential complex in the municipality of Samcheok, Gangwon Province. The institute will invest 16.6 billion won (US$13.8 million) to build necessary infrastructure for a hydrogen-powered residential area in Samcheok, [...]
SEOUL, June 24 (Korea Bizwire) — The government has announced its intention to import green hydrogen from abroad within the next 10 years. The Ministry of Trade, Industry and Energy signed a memorandum of understanding (MOU) at Lotte Hotel in Seoul on Tuesday with about 30 companies and organizations to establish a supply network for [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Rotem Co., a South Korean railway system and plant equipment maker, said Wednesday it will venture into the hydrogen infrastructure market to secure a new growth driver. Hyundai Rotem plans to supply hydrogen-charging facilities after completing the technology transfer of hydrogen reformers, equipment that extracts hydrogen from natural [...]
SEOUL, June 8 (Korea Bizwire) — Hanwha Energy Corp. and three other affiliates are considering entering the U.S. hydrogen ecosystem, Hanwha said Monday, after a successful investment in a U.S. hydrogen truck maker. In 2018, Hanwha Energy and Hanwha General Chemical Co. each invested US$50 million for a combined 6.13 percent stake in Nikola Motor. [...]
SEOUL, May 20 (Korea Bizwire) — South Korea said Wednesday it aims to supply hydrogen fuel-cell electric trucks in 2023 following a two-year test project as it strives to use hydrogen vehicles in the non-passenger transportation sector as well. The trade, environment, transport ministries, and the nation’s leading logistics firms have signed a memorandum of [...]
SEJONG/SEOUL, May 14 (Korea Bizwire) — South Korea said Thursday it will carry out a test run of hydrogen fuel-cell electric commercial vehicles as it moves to promote the resource as one of the main energy sources for Asia’s fourth-biggest economy. The government has signed two separate memoranda of understanding with Hyundai Motor Co. and [...]
SEOUL, April 23 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, unveiled a special campaign video starring K-pop boy band BTS encouraging the global use of hydrogen on Wednesday, to celebrate Earth Day. The video talks about the ‘precious language of mother nature’ to emphasize the importance of sustainability when leaving [...]
SEOUL, April 8 (Korea Bizwire) — A local power company has embarked on a project to set up power facilities for hydrogen fuel cells using domestic technology. South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced Tuesday that it has extended the hydrogen pipelines installed in the Ulsan Industrial Complex and connected them with [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. has unveiled a hydrogen campaign video starring K-pop super band BTS in the United States. The company aired the video on an electronic display located in the center of New York City’s Times Square for an hour last Friday. Despite the cold weather, tourists and fans [...]
SEOUL, Feb. 19 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, and Hyundai Construction Equipment Co. (HCE), the country’s No. 2 construction equipment maker, will join hands to develop construction vehicles such as excavators and forklifts powered by hydrogen. The two and Hyundai Mobis Co., the country’s biggest auto parts maker [...]