South Korea plans hyperloop rival

By BizClik Admin

South Korea is planning to unleash a new superfast train that could, if all goes to plan, beat Tesla’s hyperloop.

In a statement from the Korea Railroad Research Institute (KRRI), the East Asian nation is planning to reveal a ‘hyper tube’ format train in the ‘not too distant’ future.

Speaking to the South China Morning Post, the organisation said: “We hope to create an ultra-fast train, which will travel inside a state-of-the-art low-pressure tube at lightning speeds, in the not-too-distant future.

“To that end, we will cooperate with associated institutes as well as Hanyang University to check the viability of various related technologies called the hyper-tube format over the next three years.”

The KRRI doesn’t simply want to construct a facsimile of Elon Musk’s Hyperloop – the organisation wants to go one better and produce a much faster model that surpasses the current maglev propulsion system.

KRRI was formally established to develop South Jorean industries through continuous R&D in the rail, public transport, and logistics networks. Its main goal is to “create new value of railroad technology through demand-focused convergence research.”

Through the work of its Railroad Safety Certification Center looks to develop thought leadership for the industry and promotes safe and secure railways at home and abroad. 

Business Review Asia's January issue is live. 

Follow @BizRevAsia and @MrNLon on Twitter.

Business Review Asia is also on Facebook.

SOURCE: [HP]

Share

Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia

Sustainability

Huawei smartwatch goes for gold with Ultimate Edition

Lifestyle

How IKEA India plans to double business, triple headcount

Corporate Finance