HyNet -- a special purpose company in which Hyundai Motor is the second-largest shareholder -- will be in charge of operating the station by May 2021, when benefits under the regulatory sandbox expire.

The hydrogen station will operate from 8 a.m. to 10 p.m. daily. It is capable of refilling hydrogen gas for more than 70 vehicles a day, or five vehicles per hour. The station will charge 8,800 won for 1 kilogram of hydrogen.

Politicians have touted the H2 station as a project that benefitted from political unity in nurturing future technologies.

Prime Minister Lee Nak-yon, National Assembly Speaker Moon Hee-sang, Industry Minister Sung Yun-mo and SMEs and Startups Minister Park Young-sun attended the opening ceremony.

Taking the station as an example of safe and convenient use of hydrogen, not only Hyundai but also the parliament and the government plan to raise public awareness on the alternative energy source.

Seoul Metropolitan City also plans to build 11 hydrogen station within the capital city by 2022 and to provide more than 3,000 units of fuel cell electric vehicles by the same year.

Along with the opening of the hydrogen station, Korea has also started operating commercial taxis powered by hydrogen.

Ten hydrogen taxis licensed by two local taxi operators have started taking passengers in Seoul. Operation of the hydrogen taxis is subsidized through the Industry Ministry’s budget for hydrogen research and development projects, the government said, adding that it would test the overall performance and durability of FCEV taxis by 2022.

Each hydrogen taxi, painted in sky blue, has an air purification function capable of cleaning the air inhaled by 70 people for every hour it operates.

Under its hydrogen drive, the government plans to build 310 hydrogen-refilling station by 2022, and 1,200 by 2040. It also plans to support development of hydrogen taxi that can run more than 500,000 kilometers by 2030 from the current 200,000 kilometers. The government also plans to expand operations of hydrogen taxis to 80,000 across the country by 2040.

For its hydrogen drive, the government has allocated 93.8 billion won ($79 million) in budget for next year, a 77 percent increase from this year.

As of August, Hyundai Motor has sold more than 9,600 units of its latest FCEV Nexo, with some 2,800 vehicles delivered to customers.

By Cho Chung-un (christory@heraldcorp.com)