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Hyundai Mobis to Build New EV Parts Plant in Ulsan in ‘U-turn’ Investment

Hyundai Mobis to Build New EV Parts Plant in Ulsan in ‘U-turn’ Investment

ULSAN/SEOUL, Aug. 28 (Korea Bizwire) — Hyundai Mobis Co. kicked off construction of a major electric vehicle parts plant in Ulsan on Wednesday, which President Moon Jae-in hailed as a significant move in South Korea’s drive to prod local conglomerates to expand facility investment at home. The country’s biggest auto parts maker plans to invest [...]

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

Ulsan to Build Pipeline Between Hydrogen Supplier and Filling Stations

ULSAN, Aug. 14 (Korea Bizwire) — The city of Ulsan plans to build South Korea’s first pipeline system to supply hydrogen. The city signed an agreement with six agencies and businesses including the Korea Gas Safety Corp. (KGS) on Tuesday to build pipelines between hydrogen filling stations and hydrogen supplier Deokyang Co., and establish a [...]

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) [...]