SEOUL, Mar. 21 (Korea Bizwire) – The main opposition Democratic Party of South Korea unveiled an ambitious plan on March 20 to increase the country’s reliance on renewable energy sources to 40% by 2035, a significant stride toward achieving the “100% Renewable Energy” (RE100) goal. The party’s policy committee announced the “Renewable Energy 3540″ electoral pledge, [...]
ULSAN, Mar. 15 (Korea Bizwire) – The Ulsan Port Authority celebrated the completion of the ‘North New Port Liquid Terminal’ in Hwangseong-dong, Nam-gu, at the North Port of Ulsan on March 15. The new facility, boasting a 300-meter quay wall, a 440-meter sheltered harbor, and a 12,600 square meter port hinterland, represents a significant enhancement [...]
SEOUL, March 1 (Korea Bizwire) – The fourth and final unit of the South Korean-built Barakah Nuclear Energy Plant in the United Arab Emirates (UAE) has started up, signaling its commercial operation, South Korea’s state-run utility firm said Friday. The Unit 4 reactor began producing heat through nuclear fission, used for generating electricity, in a [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Seoul Metropolitan Government has announced plans to invest approximately 16.6 billion won this year to facilitate the distribution of 102 hydrogen fuel cell cars and 42 hydrogen buses, enhancing the city’s green mobility initiatives. Starting from February 13, the city will begin accepting applications for hydrogen car purchase support. [...]
SEOUL, Jan. 31 (Korea Bizwire) – Doosan Bobcat Launches Korea’s First Commercial Hydrogen-Powered Forklift Doosan Bobcat has announced the commercialization of Korea’s first hydrogen-powered forklift, marking a significant milestone in the industry. On January 30, the company held a shipment ceremony for its first hydrogen forklift at its forklift factory in Incheon, highlighting the achievement. [...]
SEOUL, Jan. 30 (Korea Bizwire) — The South Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock Inc., citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday. Kredo Holdings Ltd. is working to build five wind [...]
SEOUL, Jan. 5 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have partnered with a U.S. materials science company to cooperate in developing a key material used in hydrogen fuel cells, the companies said Friday. The South Korean companies signed an agreement with the Newark, Delaware-based W.L. Gore & Associates [...]
SEOUL, Dec. 22 (Korea Bizwire) – The National Federation of Fisheries Cooperatives in South Korea has urged the government to address the rampant overdevelopment of offshore wind farms. In a joint meeting held by the National Federation of Fisheries Cooperatives and the Ministry of Oceans and Fisheries on December 21, the fisheries industry raised concerns about [...]
SEOUL, Dec. 15 (Korea Bizwire) – Amazon has initiated its inaugural foray into renewable energy investments in South Korea. The company revealed on Thursday that it has committed funding to a venture aimed at constructing a 60-megawatt (MW) solar power facility in the southwestern region of South Korea. The specific investment amount and plant location were [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Engineering Co. has partnered with the Korea Atomic Energy Research Institute (KAERI) to cooperate in exports of small modular reactors (SMRs), which are more advanced and cost efficient than conventional nuclear plants, according to the company Tuesday. Under the memorandum of understanding (MOU) signed Monday, Hyundai will handle [...]