Hyundai Motor Group (HMG) will invest more than KRW100 trillion (US$87 billion) over next 5 years—KRW20 trillion (~US$17.4 billion) annually to enhance its leadership in vehicle electrification, autonomous driving and mobility services, Continue Reading
South Korea’s LG Chem ( 051910.KS ) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture Continue Reading
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and Continue Reading
South Korea will shut up to 15 coal-fired power plants out of the total 60 for three months starting December 1 to help reduce air pollution, which could give a Continue Reading
South Korea’s crude oil imports from the US in September more than doubled from a year earlier, while intakes of Saudi crude dropped 17.6% year on year due to the Continue Reading
South Korea’s refined oil product exports in May fell 10.5% on the year to 41.72 million barrels, or 1.35 million b/d, data released Wednesday from state-run Korea National Oil Corp Continue Reading
As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country’s electricity supply, is being tapped to give up room. Facing choking smog in its Continue Reading
Highlights Seoul fully supports Monday’s White House decision, US foreign policies South Korean refiners capable of diversifying crude supply sources US, Qatar, Norway among many alternative condensate supply sources Seoul Continue Reading
South Korea has begun testing super-light U.S. oil sold by Anadarko Petroleum Corp as a substitute for Iranian crude while it awaits word from Washington on whether it can keep Continue Reading
South Korean government officials are expected to press for extending a sanctions waiver on Iran’s petroleum exports that expires in May on a visit to Washington this week. South Korea’s Continue Reading
