DAEGU, Jan. 12 (Korea Bizwire) – Yoo Won-ki, 48, is the CEO of Haeyang Energy, a small company that he launched in January of last year. Pinning his hopes on one novel idea, he developed a tidal stream generator, filed for a patent in May, and received approval from the Korea Intellectual Property Office last [...]
SEJONG, Dec. 6 (Korea Bizwire) – South Korea unveiled a set of measures on Tuesday to promote renewable energy usage and expand research and development in order to meet the long-term target of reducing greenhouse gas emissions by 37 percent. The plan, approved by the Cabinet chaired by Prime Minister Hwang Kyo-ahn, is aimed at [...]
SEOUL, Nov. 30 (Korea Bizwire) – In an effort to promote new and renewable energy, and stabilize fluctuating prices, the government has decided to institute “20-year fixed-price contracts” that will better guarantee business profits as well as attract more investment in the sector. According to the Ministry of Trade, Industry & Energy, the government will [...]
JINCHEON, South Korea, Nov. 22 (Korea Bizwire) – Another eco-friendly energy town has been established in South Korea, this time in Jincheon County, North Chungcheong Province. The Korean government has been investing in areas near incineration plants and human waste disposal facilities shunned by the general public to transform municipalities into environmentally-friendly energy towns. Such [...]
SEJONG, Nov. 1 (Korea Bizwire) – South Korean companies will participate in Oman’s large-scale energy and infrastructure projects totaling approximately US$27.1 billion, the trade ministry said Tuesday. The two countries came to an agreement at their economic cooperation committee meeting, according to ministry officials. The committee has been meeting every other year since 2009, this [...]
DAEJEON, Oct. 31 (Korea Bizwire) – A joint research team from POSTECH and UNIST announced Sunday that it had developed a more efficient, nanometer-length (one-billionth of a meter) photocatalyst, a core technology for the development of artificial leaves. Artificial leaves are part of a man-made photosynthesis system that mimics the process occurring in natural plants. [...]
SEOUL, Oct. 17 (Korea Bizwire) – More homes in South Korea have installed solar panels in the past few years to reduce the cost of electricity, data showed Monday. According to the data compiled by Korea Electric Power Corp. (KEPCO), some 165,449 homes had rooftop solar panels as of June this year to make up [...]
SEOUL, Oct. 5 (Korea Bizwire) – South Korea will build a large-scale laboratory for solar photovoltaic technology, allowing companies to test the safety and reliability of solar-powered products, officials said Wednesday. The 1.5-megawatt lab will be built in the administrative capital of Sejong City, about 120 kilometers south of Seoul. If completed, South Korea will [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea will double its investment in renewable energy technology as the country seeks to harness its climate change policy as a new economic growth driver, a senior diplomat said Thursday. “With recent low oil prices, the global energy market appears relatively stable, but actually it is in a [...]
SEJONG, Sept. 19 (Korea Bizwire) – The South Korean government will provide incentives to encourage solar power plant operators to set up bulk energy storage facilities as part of its efforts to foster the local renewable energy market, the trade ministry here said Monday. Those who install the energy storage system (ESS) at their solar [...]