SEOUL, Nov. 14 (Korea Bizwire) — South Korea has kicked off a new energy storage facility in the southeastern port city of Ulsan, which will serve as a key energy hub for the country, the industry ministry said Thursday. The Korea Energy Terminal, located 308 kilometers south of Seoul, has begun its commercial operation with [...]
SEOUL, Nov. 12 (Korea Bizwire) — Hyundai Motor Co. on Tuesday forged a partnership with the Ulsan metropolitan city to cooperate in establishing an overall municipal ecosystem based on clean hydrogen energy within the industrial city in South Korea’s southeast. Under their memorandum of understanding, Hyundai and the city government will collaborate in developing and [...]
ULSAN, Sept. 27 (Korea Bizwire) – The coastal city of Ulsan kicked off its 28th annual Whale Festival on September 26, transforming the Jangsaengpo Whale Culture Special Zone into a vibrant celebration of the region’s unique maritime heritage. Running through September 29, the festival, the only one of its kind in South Korea dedicated to whale [...]
SEOUL, Apr. 23 (Korea Bizwire) — Having bagged a crucial win at home, South Korean champions Ulsan HD FC will now visit Japanese foes Yokohama F. Marinos this week as they chase their first Asian club football title in four years. Ulsan and Yokohama will square off in the second leg of the semifinals of [...]
SEOUL, Apr. 16 (Korea Bizwire) – Two-time reigning South Korean champions Ulsan HD FC will battle Japanese side Yokohama F. Marinos this month for a spot in the final of the top Asian club football tournament. The two teams will clash in the two-legged semifinals of the Asian Football Confederation (AFC) Champions League, with Ulsan [...]
SEJONG, Jan. 22 (Korea Bizwire) — In South Korea, Ulsan has emerged as the city with the highest average salary for office workers, significantly outpacing other regions including Jeju, which has the lowest wages among the 17 cities and provinces. This disparity was highlighted in a report by Yang Kyung-sook, a member of the National Assembly’s [...]
SEOUL, Dec. 7 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO) on Thursday issued a public apology over a massive power outage that hit the southeastern industrial city of Ulsan the previous day. The blackout occurred at around 3:37 p.m. in a southern residential district of Ulsan, about 300 kilometers southeast of Seoul, due to a malfunctioning [...]
ULSAN, Nov. 13 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest automaker, held a groundbreaking ceremony Monday for a dedicated electrical vehicle (EV) manufacturing plant in the country’s southeastern industrial city of Ulsan, with a goal of producing 200,000 vehicles annually, starting in 2026. Hyundai will spend 2 trillion won ($1.51 billion) to build [...]
SEOUL, Sept. 18 (Korea Bizwire) – The SK Geocentric Ulsan ARC (Advanced Recycling Cluster), which is expected to be built near the Ulsan Complex (CLX) petrochemical complex, is gaining attention as Ulsan’s ‘urban oil field.’ The Ulsan ARC is the world’s first plastic waste recycling complex, conceived by SK Innovation subsidiary SK Geocentric with an investment [...]
ULSAN, Sept. 15 (Korea Bizwire) — SK Group plans to invest 8 trillion won (US$6.02 billion) to transform its main refinery and chemical complex in the country’s southeast into eco-friendly businesses, its chief has said. Chey Tae-won, chairman of SK Group, made the announcement as he reinforced the company’s commitment to shifting its key areas [...]