"When the US government cut funding for hydrogen-fueled cars last May, Energy Secretary Steven Chu said such vehicles will not be practical for another decade or two.
Lim Tae-won thinks he can prove Secretary Chu wrong.
Dr. Lim runs the team at Hyundai (HYMLF.PK)-Kia Motors that is developing hydrogen fuel cell technology. And they are on course, he says, to mass produce hydrogen cars in six years…"
Like every business venture, there is no certainty and therefore this is a gamble. The undertaking to develop this into a commercially viable energy source relies upon funding from the Korean government. Unlike the U.S., Korea probably has the money to fund such a program and as they are keen to carve out leadership niches in the global economy and new world order, look for their commitment to manifest itself in earnest.
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