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S. Korea to Spend 670 bln Won on Cyber Security by 2023

S. Korea to Spend 670 bln Won on Cyber Security by 2023

SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s ICT ministry said Thursday it will spend 670 billion won (US$607 million) by 2023 to bolster the country’s cyber security capabilities to respond to growing new digital threats. The Ministry of Science and ICT said it will develop infrastructure to quickly respond to cyber security threats, by [...]

Global Energy Majors Lead Pivot to Eavor’s Geothermal Solution with USD$40 Million Investment

Global Energy Majors Lead Pivot to Eavor’s Geothermal Solution with USD$40 Million Investment

CALGARY, Alberta, Feb. 16 (Korea Bizwire) — Eavor Technologies Inc., the leader in scalable geothermal technology, has completed a USD$40 million (CAD$50.7 million) funding round. These investments, and the partnerships formed around them, are critical to the commercialization of the technology and to help Eavor scale its already extensive project pipeline. Eavor’s technology, known as [...]

State Pension Fund Enjoys Huge Returns from Early Investment in Tesla

State Pension Fund Enjoys Huge Returns from Early Investment in Tesla

SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s state pension fund is estimated to have chalked up massive profits from its holdings of shares in electric vehicle leader Tesla Motors Inc. with the share price rising at an explosive pace in recent years. The National Pension Service (NPS) made its first disclosure that it owned [...]

NetJets Invests in WasteFuel, Commits to Purchase 100 Million Gallons of Sustainable Aviation Fuel Over the Next Decade

NetJets Invests in WasteFuel, Commits to Purchase 100 Million Gallons of Sustainable Aviation Fuel Over the Next Decade

COLUMBUS, OH, Feb. 4 (Korea Bizwire) – NetJets today announces it has made a significant investment in WasteFuel, a next generation waste to fuel company that aims to transform landfill waste into sustainable aviation fuel (SAF), making it the first private aviation company to buy a stake in the production of sustainable aviation fuel. NetJets will also purchase [...]