POHANG, Mar. 20 (Korea Bizwire) — A South Korean research team has developed a new device that can maximize the efficiency of solar power generation even on cloudy or rainy days. The researchers from Pohang University of Science and Technology, the Korea Institute of Machinery and Materials and Kyung Hee University developed a new technology [...]
SEOUL, Jan. 10 (Korea Bizwire) — From October 2019, a new underground garden will open to Seoul citizens. The underground garden will be located in a vacant space that connects Jongro Tower and Jonggak Station on subway line 1. The project’s core facility is a ‘sunlight lighting system’, which transmits sunlight from above the surface [...]
SEOUL, Dec. 23 (Korea Bizwire) — The average total costs of generating solar energy in South Korea will go down below 100 won (US$0.1) per 1 kilowatt hour five years later, a parliamentary report said Sunday. According to the report, the levelized cost of energy (LCOE) of solar power will decline to below 100 won [...]
SEOUL, Oct. 11 (Korea Bizwire) — Seoul Mayor Park Won-soon pointed out that “satellite photos of Seoul show how empty the roofs in Seoul are,” suggesting that at least one-third of all roof space be transformed into gardens or solar power generation stations. Park, at a policy debate on urban agriculture held at Seoul City [...]
SEOUL, Sept. 17 (Korea Bizwire) — More than eight in 10 South Koreans favor the increased use of renewable energy on the grounds that it is clean and inexhaustible, a poll showed Monday. According to the survey of 1,003 South Koreans across the nation, 86.2 percent of respondents said they are in favor of the [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top automaker, said Wednesday it will create a solar power plant on its export pier in the southeastern city of Ulsan to generate clean energy. Hyundai Motor will install a 27-megawatt solar power plant on its shipping pier and a test driving center in [...]
SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]
SEOUL, Sept. 27 (Korea Bizwire) – A meeting held on September 25 was attended by officials from the Ministries of Trade, Industry and Energy and Foreign Affairs and representatives from the South Korean solar power industry to discuss potential repercussions from looming U.S. protectionist activity. The meeting was held in the aftermath of the USITC’s [...]
SEOUL, Jul. 6 (Korea Bizwire) — The volume of electricity generated from renewable energy hit a record high last year, aided by a surge in power generation coming from biomass and by-product gas, data showed Thursday. According to the data compiled by the Korea Power Exchange, a total of 19.35 million megawatt-hours worth of electricity [...]
SEOUL, March 27 (Korea Bizwire) – The demand for household solar panels is soaring, with bigger subsidies on offer from the Korea Energy Agency and local governments, as households try to dodge sky-high electricity bills that dumbfounded them last summer. Starting this year, the KEA is providing 3.51 million won ($3,148) in subsidies for a [...]