The Korean government will provide 38 trillion won (US$29 billion) in financial support, including expanding loan limits and debt guarantees for the Korean secondary battery industry over five years. A separate bill will also be prepared to support the growth of a used battery industry ecosystem.The
SK ecoplant, in collaboration with EcoPro and TES, is set to establish a battery recycling plant in Hungary. This strategic move will capitalize on Hungary's status as a European Battery Production Hub, where a number of global battery and electric vehicle companies are present, ensuring a steady su
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
Hyundai Heavy Industries Group has succeeded in developing a hybrid engine that uses a mixture of liquefied natural gas (LNG) and hydrogen for the first time in Korea. Korea Shipbuilding & Offshore Engineering and Hyundai Heavy Industries Co. announced on Dec. 22 that they have successfully complete
SK ecoplant will acquire TES Envirocorp Pte. Ltd., a global e-waste company. E-waste is electronic products, such as computers, televisions and VCRs, which are unwanted, not working, and nearing or at the end of their “useful life.” SK ecoplant signed a stock purchase agreement (SPA) with Navis Capi
A researcher of the Korea Institute of Machinery and Materials (KIMM) has developed a system that can convert condensable particulate matter found in white smoke plumes, mainly generated from thermal power plants and waste incinerators, into liquid. Despite the fact that the condensable particulate
Coway announced on June 21 that it would continue its environmental, social, and governance (ESG) commitments in alignment with South Korea’s 2050 carbon neutrality strategy.As a leading environmental home appliances company, Coway pledged to follow an ESG framework that would minimize the impact of
SK Chemical announced on May 17 that it has acquired a 10 percent stake in Shuye Environmental Technology Co. by investing 23 billion won.SK Chemical was attracted by the Chinese company’s technology for chemically decomposing waste polyethylene terephthalate (PET).This investment granted SK Chemica
Hyundai Motor Co. has joined hands with Singapore's top telecommunication company Singtel to promote the future mobility business based on next-generation telecommunication technology.Hyundai Motor signed a memorandum of understanding (MOU) with Singtel in Singapore to cooperate in smart manufac
Samsung Electronics has recently developed a system for reusing a high-concentration hydrogen fluoride cleaning solution and is currently testing it on its semiconductor production lines.The system is to reuse hydrofluoric acid (liquefied hydrogen fluoride) used for semiconductor cleaning. High-puri
The Ministry of Oceans and Fisheries announced on Jan. 31 that it approved the Korean Register of Shipping’s vessel inspection regulations regarding LPG-propelled vessels. This means that type of ships now can be built in South Korea so that environmental pollutants and greenhouse gas emissions can
Hyundai Motor Group has launched an eco-friendly power generation project using batteries collected from electric vehicles (EVs).The group announced on Jan. 10 that it will operate a 2 MWh energy storage system (ESS), which is built with recycled EV batteries, to store electricity generated by a sol
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Driven by expanding EV production capacity and new model launches, Tesla’s demand for rechargeable batteries is to continue increasing moving ahead. LG Chem is strengthening its influence in Tesla’s re
The market capitalization of TSMC, the world’s largest foundry company in Taiwan, has surpassed that of Samsung Electronics.TSMC's market cap stood at about US$262 billion on Nov. 22, surpassing Samsung Electronics’ US$261 billion. TSMC’s corporate value has been rising sharply in the mobile and
A Korean research team has developed a biomaterial that can produce methanol from methane, which is one of the most abundant gas resources on the planet.A research team led by Professor Lee Ji-won at Korea University announced on April 2 that it has succeeded in developing enzymatic nanoparticles us
The Ministry of Trade, Industry and Energy (MOTIE) hosted the Eco-Industrial Park (EIP) International Conference on September 18. The event served as a place to share information about turning industrial complexes into eco-friendly parks by recycling and reusing waste and by-products from industrial
The Hyundai Motor Group will enter the energy storage system (ESS) business by reusing batteries from scrapped electric vehicles (EVs). The automotive group announced that it has signed a strategic partnership agreement with Wartsila Corporation, a global energy company headquartered in Finland, at
Press released by ITU“You cannot assume that 5G is just 4G on steroids. It is a revolution,” says Kailash Narayanan of Keysight Technologies.The neat linear progression from 2G to 3G to 4G does not apply to next-generation networks.”5G”, the generic term for future communications technologies, offer
Hyundai Heavy Industries Co. and Korea Electric Power Corp (KEPCO) have developed a next-generation emission-free steam generating technology using fuel waste for the first time in the world.Hyundai Heavy Industries said on November 1 that it received an approval in principle (AiP) from UK-based Llo
Established in 2009, SNS Energy is a Korean start-up company specializing in energy generation in an eco-friendly way. In particular, the company focuses on producing thermal energy by collecting heat from wastewater.SNS Energy’s flagship product named “Ensaver” facilitates reusing the heat energy f