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Business trends

South Korea targets hydrogen economy, from cars to cities

Seoul eyes infrastructure spending to help Hyundai expand fuel cell vehicles

Hyundai Motor developed the world's first fuel cell vehicle in 2013. It hopes to sell 10,000 units of Nexo, its second model, in 2020.   © Reuters

SEOUL -- South Korea has launched a drive aimed at realizing a "hydrogen-powered society" with a series of public-private partnerships.

The country will accelerate its efforts to produce hydrogen fuel cell vehicles, or FCVs, and establish the infrastructure to support them, such as hydrogen fueling stations. It will also use hydrogen as an energy source to complement oil and natural gas.

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