Hyundai, South Korean Government Opening Fuel-Cell Innovation Hub

Cameron Aubernon
by Cameron Aubernon
hyundai south korean government opening fuel cell innovation hub

Hyundai Motor and the South Korean government are coming together to open a hydrogen innovation center to help spur a creative economy.

Just-Auto says the automaker plans to attract startups to the center in Gwangju by granting access to 1,000 unused patents related to said technology:

The centre will focus on nurturing start-ups, providing key infrastructure and creating an “ecosystem” for the hydrogen economy by training workers and strengthening necessary networks.

Hyundai and its investor partners will raise ₩117.5 billion ($164 million USD) to bring the innovation center online, and will be one of 12 centers to be established throughout South Korea over 2015.

Join the conversation
  • Fred Fred on Feb 11, 2015

    I wonder if Hyundai and Toyota have a problem with hybrids and electric cars? Maybe it's just a political play or do they really believe in fuel cell/hydrogen fuel?

    • See 3 previous
    • Redav Redav on Feb 12, 2015

      @mmreeses Fusion has always been--and always will be--the power source of the future.

  • Corey Lewis Corey Lewis on Feb 11, 2015

    Korea doesn't really believe in "start-ups!" There are the huge companies which build your house, car, credit card, loans, phone, and TV. Then there are individual businesses like convenience stores (under national brand name) or restaurants / coffee shops (having your own is common). But start ups in the tech, interesting ideas sense - not so much.

  • Lurker_n Lurker_n on Feb 11, 2015

    "Hyundai and its investor partners will raise ₩117.5 billion ($164 million USD)" Which most likely means Hyundai will pay next to nothing out of pocket, sounds almost like using a celebrity's name at a fundraiser. If FC takes off, they got some tech in their backyard, if not, they're not losing their shirt.

  • DrGastro997 DrGastro997 on Feb 12, 2015

    If Toyota did it then of course Hyundai has to try and do it...No surprise there.