SEOUL, Dec. 26 (Korea Bizwire) – A government panel on Tuesday greenlighted LG Display Co.’s 5 trillion-won (US$4.4 billion) project to build its first large organic light-emitting diode plant in China. The panel under the Ministry of Trade, Industry and Energy had been reviewing the plan since July when LG Display asked the government to [...]
SEOUL, Nov. 29 (Korea Bizwire) – The South Korean government said Tuesday an expert panel will review LG Display Co.’s plan to build an organic light-emitting diode (OLED) plant in China, which has been delayed due to concerns over technology leaks. LG Display asked the government in July to approve the investment plan worth 5 [...]
SEOUL, July 6 (Korea Bizwire) – The South Korean Government is supporting investment in energy storage systems (ESS), with plans to double the supply this year amid growing concerns over a possible shortage of electric power caused by the temporary shutdown of aging nuclear power plants in the country. According to data released by the Ministry [...]
JEJU, South Korea, April 28 (Korea Bizwire) – A ceremony was held here Thursday for the construction of liquefied natural gas (LNG) storage facilities and distribution pipelines that aim to provide the southern resort island with a cleaner source of power by mid-2019. The work involves building two storage tanks and pipelines capable of distributing 120 tons of LNG per hour on 74,786 square meters of reclaimed [...]
SEOUL, April 14 (Korea Bizwire) – Installing charging devices for electric vehicles (EV) at gas stations will become easier as early as August of this year. The Ministry of Trade, Industry and Energy announced new legislation that lowers the explosion prevention standards of EV chargers installed at gas stations. After collecting ideas from the public and an [...]
SEJONG, Oct. 19 (Korea Bizwire) — South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector. The plan calls for 16.75 billion won (US$14.8 million) worth of taxpayers’ money to be invested in the next three [...]
SEJONG, June 8 (Korea Bizwire) — The government on Monday proposed the construction of two new nuclear reactors over the next 15 years in an effort to help cut the country’s emission of greenhouse gases. The so-called basic plan for power supply calls for building the two nuclear reactors by 2029, bringing the total number [...]
SEOUL, Korea, Mar 25 (Korea Bizwire) – Powered by an overwhelming gain in the memory sector, Korea secured the No. 2 position in semiconductor output, beating its archrival Japan last year for the first time. According to a recent report by IHS Technology, a U.S. market researcher, Korea ranked second in the chip-making industry with [...]