SEOUL, Sept. 21 (Korea Bizwire) — The European Chamber of Commerce in Korea (ECCK) on Thursday called for South Korea to consider allowing greater flexibility in adopting regulations for electric vehicle (EV) batteries, plastic recycling and other major industries, to help further promote the trade between Seoul and the economic bloc. The ECCK made the [...]
WASHINGTON, Sept. 19 (Korea Bizwire) – A U.S. energy firm said Tuesday it will appeal a district court’s decision earlier this week to dismiss its lawsuit filed to stop two South Korean state-run companies from exporting nuclear power plants. On Monday, the District Court for the District of Columbia rejected the complaint that Westinghouse Electric [...]
SEOUL, Sept. 19 (Korea Bizwire) – Lotte Chemical has introduced a new eco-friendly material brand called ECOSEED. They unveiled it during a “Green Recycling Day” event on Monday at Lotte World Tower in Jamsil as part of their 2030 vision for recycling. Under the ECOSEED brand, the company combines recycled materials (PCR) and biodegradable plastics [...]
WASHINGTON, Sept. 18 (Korea Bizwire) — A U.S. district court on Monday dismissed a lawsuit that an American energy firm filed to stop two South Korean state-run companies from exporting nuclear power plants, determining it is not qualified to take the legal move. The District Court for the District of Columbia rejected the complaint that [...]
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 [...]
SEOUL, Sept. 14 (Korea Bizwire) — Samsung C&T Corp., South Korea’s top builder, said Thursday it has signed a deal with a U.S. renewable energy firm to sell 15 photovoltaic power stations and energy storage systems (ESSs) under construction in Texas. The deal calls for Samsung C&T Renewables, an American unit of the builder’s trading [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Engineering & Construction Co. (Hyundai E&C) said Thursday it has signed a series of partnership deals with Polish institutions and builders in an effort to tap the country’s nuclear power and infrastructure markets. Hyundai E&C, South Korea’s No. 2 builder, said it inked a memorandum of understanding (MOU) [...]
SEOUL, Sept. 13 (Korea Bizwire) — A new facility that creates hydrogen without releasing harmful greenhouse gases has been constructed at the Seongnam Metropolitan Water Purification Plant. On Wednesday, the Ministry of Environment and the Korea Water Resources Corp. announced that they will hold a ceremony on September 14 to celebrate the completion of [...]
SEOUL, Sept. 12 (Korea Bizwire) – HD Hyundai Electric, a company specializing in power equipment and energy solutions, is joining the effort to construct a substation for the Neom project in Saudi Arabia. On Monday, HD Hyundai Electric announced that it had signed a contract worth KRW 67.8 billion to provide power equipment to Al Gihaz, [...]
NEW DELHI, Sept. 9 (Korea Bizwire) — South Korean President Yoon Suk Yeol and Argentine President Alberto Fernandez agreed Saturday to explore the possibility of the two countries’ joint lithium battery production in the South American nation, Yoon’s office said. The two leaders discussed the issue during a meeting on the sidelines of the Group [...]