TechnologySouth Korea makes big bet on energy transition to hydrogen
Hyundai, Doosan cultivate new markets but face questions of competition and cost
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.