SEOUL, Mar. 4 (Korea Bizwire) — The number of eco-friendly car registrations in South Korea surpassed that of liquefied petroleum gas (LPG) models for the first time last year, according to data Monday. According to data from the Ministry of Land, Infrastructure and Transport, cumulative registration of domestic eco-friendly cars, such as hybrids, electric and [...]
SEOUL, April 1 (Korea Bizwire) — The Ministry of the Interior and Safety said Thursday it will carry out a five-year plan to establish liquefied petroleum gas (LPG) distribution facilities for 31 islands and 4,200 households across the country. With a budget of 45.4 billion won (US$37.3 million), the project is aimed at installing storage [...]
SEOUL, Sept. 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it will develop liquefied hydrogen tanks for ships alongside top steel maker POSCO. Korea Research Institute of Ships and Ocean Engineering (KRISO) and liquefied hydrogen tank maker Hylium Industries Inc. will also participate in the project to develop the tanks, [...]
SEOUL, Jun. 18 (Korea Bizwire) — Renault Samsung Motors Corp. on Tuesday began to sell its liquefied petroleum gas-powered QM6 SUV in the domestic market. The QM6 LPe is the first LPG-fueled SUV in the South Korean SUV market. The facelifted QM6, equipped with a 2.0-liter gasoline engine, also went on sale, it said. The [...]
SEOUL, Mar. 18 (Korea Bizwire) — Hyundai, Kia, and Renault Samsung are scrambling to compete in the liquified petroleum gas (LPG) vehicle market that has recently been made available to ordinary consumers. Hyundai Motor Co., in particular, decided to release an LPG model of the all-new Sonata. The company, however, decided against selling the new [...]
SAN DIEGO, Sept. 16 (Korea Bizwire) — Everest, the first platform to combine biometric identity with a digital wallet, announced today that it is partnering with Indonesia’s TNP2K (National Team for the Acceleration of Poverty Reduction) to conduct a pilot in selected regions to enhance the efficiency, accountability, transparency, and gender inclusivity of the National [...]
SEOUL, Dec. 4 (Korea Bizwire) – After 54 years, LPG tanks are going from the ubiquitous dark grey with dull, red lettering to a near-white grey with a bolder, red “LPG”. The paint jobs are part of a five-year government initiative to run safety inspections on the 8.2 million LPG tanks in the country. By [...]
SEOUL, April 26 (Korea Bizwire) – The South Korean government is planning to ease regulations on liquid petroleum gas-powered vehicles to combat fine dust, miniscule airborne particles that have recently been the centerpiece of national health concern. Currently, LPG vehicle purchases are limited to drivers with disabilities and individuals of national merit, with the exception [...]
SEOUL, July 14 (Korea Bizwire) – South Korea’s diesel consumption hit a monthly record in May, state statistics showed Thursday, an indication that diesel-powered cars are still dominant over electric and hybrid vehicles. According to an informational website operated by state-run Korea National Oil Corp. (KNOC), South Korea consumed a record 14.31 million barrels of [...]