SEOUL, Sept. 15 (Korea Bizwire) — The state-run Korea Gas Corp. (KOGAS) has teamed up with Germany’s Siemens Energy AG to promote overseas green hydrogen development projects. The two parties on Tuesday signed a business agreement for the promotion of stable hydrogen business, including green hydrogen production and hydrogen power generation. Under terms of the [...]
SEOUL, Apr. 28 (Korea Bizwire) – Korea Gas Corp. (KOGAS), a major gas supplier in the country, said Sunday that it plans to spend 4.7 trillion won (US$4.01 billion) on building hydrogen-producing facilities by 2030. Under the plan, KOGAS will construct 25 hydrogen-producing facilities and pipelines totaling 700 kilometers to transport the gas. By 2030, [...]
SEJONG, Sept. 1 (Korea Bizwire) – The South Korean government will reduce the debt ratio of public corporations to around 150 percent by 2020 as part of its efforts to improve the balance sheets of state-funded agencies, the finance ministry said Thursday. Under a long-term financial management plan, 39 public firms, including the Korea Gas [...]
SEOUL, April 3 (Korea Bizwire) — Three South Korean state-run energy companies have suffered billions of dollars in losses from overseas resources development projects since 2003, the state audit agency said Friday. The outcome by the Board of Audit and Inspection of Korea (BAI) comes as prosecutors are probing several local firms for alleged embezzlement [...]