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Ulsan to Build Hydrogen Industry Promotion Agency by 2024

Ulsan to Build Hydrogen Industry Promotion Agency by 2024

ULSAN, Feb. 11 (Korea Bizwire) — The city of Ulsan plans to develop a hydrogen industry promotion agency to conduct research and development (R&D) projects and create various strategies to take the lead in the global hydrogen market. The city announced on Saturday that it is considering the investment of 40 billion won (US$35.5 million) [...]

Ulsan and KT Agree to Develop Mobile Currency

Ulsan and KT Agree to Develop Mobile Currency

ULSAN, Nov. 15 (Korea Bizwire) — The city of Ulsan and KT Corp. signed a memorandum of understanding on Wednesday to adopt a mobile currency for the city. The two parties agreed to carry out preparatory projects to adopt the local currency, conduct joint studies and research projects, exchange information, and discover innovative ideas that [...]

Employees at Hyundai Heavy Industries Kick Off Flea Market Event for a Good Cause

Employees at Hyundai Heavy Industries Kick Off Flea Market Event for a Good Cause

ULSAN, Nov. 1 (Korea Bizwire) — Despite the economic downturn in the shipbuilding industry, the employees of Hyundai Heavy Industries Co. are holding a flea market event to help underprivileged neighbors, marking the 25th straight year that the event has taken place. Hyundai Heavy Industries kicked off the “Donation of Love” campaign at Dong-gu, Ulsan [...]

Fall of Ulsan’s Shipbuilding Industry Leads to Pressure on Local Tax Coffers

Fall of Ulsan’s Shipbuilding Industry Leads to Pressure on Local Tax Coffers

SEOUL, Oct. 12 (Korea Bizwire) — Due to the fall of the shipbuilding industry in Ulsan, tax collected in the city’s Dong-gu district has declined sharply, causing setbacks to various government projects. In addition, government officials may not be receiving overtime fees and other benefits that were paid in the past. According to the Dong-gu [...]

Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

Ulsan’s Seosaeng-myeon an Optimal Spot for Floating Wind Turbines

ULSAN, Aug. 13 (Korea Bizwire) — The city government of Ulsan has chosen the shores off Seosaeng-myeon as the optimal location to install floating wind turbines for a trial run for the first time in South Korea. The city has decided to test an offshore wind farm next year as part of a new innovative [...]