South Korea makes big bet on energy transition to hydrogen

Hyundai, Doosan cultivate new markets but face questions of competition and cost

20220608 Korean New Deal

The South Korean city of Ulsan is playing a key role in realizing national hydrogen ambitions. (Photo courtesy of H2Korea)

KIM JAEWON, Nikkei staff writer

ULSAN, South Korea -- Long a major shipbuilding and petrochemical center, the brawny industrial hub of Ulsan has become a sandbox of experimentation for the next stage of South Korea's development -- transforming its economy from one based on fossil fuels to hydrogen.

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