A group of big Korean business groups are banding together to promote the transition to hydrogen-based energy, pledging a combined 43 trillion won ($36.9 billion) of investment to make it happen.
All new commercial vehicles from Hyundai Motor and Kia such as buses and heavy duty trucks will be fuel cell and battery-driven electric vehicles (EVs) from now on, the company announced Tuesday.
Lotte Chemical said Tuesday it will build a pilot plant to mass produce hydrogen storage tanks, a key part of fuel-cell electric vehicles (EVs), in a move to ramp up efforts to boost its hydrogen business.
SK E&S, an energy company 90 percent owned by SK Holdings, is betting big on hydrogen.
The Trading and Investment Group of Samsung C&T signed a memorandum of understanding (MOU) Friday with Namhae Chemical and Korea Southern Power (Kospo) to import and utilize clean hydrogen.
Posco has partnered with Korea Hydro & Nuclear Power (KHNP) for the generation of electricity from hydrogen.
Hyundai Motor topped the global fuel-cell electric vehicle (FCEV) market in the first half on strong sales of the Nexo FCEV SUV.
In line with the Korean New Deal initiative, Korea Gas Corporation (Kogas) is taking the lead in the transition to hydrogen economy. Since climate crisis is posing an imminent threat to humanity, hydrogen energy is earning global attention as a...
Lotte Chemical will spend 4.4 trillion won ($3.8 billion) on hydrogen-related businesses by 2030, the company announced Tuesday.
Korea made its debut at the Group of 7, or G7, summit hosted by Britain earlier this month, which was not only an opportunity to elevate the country’s global standing but also to strengthen bilateral economic ties with participating nations.