Korea

Oil & Gas Trade

US June Oil Exports Rise, Boosted by India, South Korea

US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.

Carbon Neutral

South Korea Eyes Coal, Gas cuts in 2050 net zero plans

South Korea has published three potential road maps to reach its target of achieving carbon neutrality by 2050, ahead of a final decision on its plan later this…

Gas turbine engine

Hanwha, Korea Western Power Team up to Fuel Gas Turbines on Hydrogen

Hanwha General Chemical Co. and Korea Western Power Co. have joined forces to develop a hydrogen-fired gas turbine that can use both liquefied natural gas and h…

Carbon Neutral

POSCO Joins Forces with Australian Mining Company Roy Hill for Carbon Neutrality

POSCO will cooperate with Australian raw material supplier Roy Hill to achieve carbon neutrality.

Wind Farm

Korea Southern Power Begins Commercial Operations of Wind Power Plant in Jordan

Korea Southern Power said on July 31 that it has begun commercial operations of the Jordan Tafila Wind Power Project.

Offshore Wind Power

Doosan Heavy to Develop 8-MW Floating Offshore Wind Turbine

South Korean power plant builder Doosan Heavy Industries & Construction Co. has announced the development of an 8-megawatt floating offshore wind turbine.

Electric Car

Kia Launches 1st All-Electric EV Sedan, Starts from $40K

Kia, South Korea's second-biggest carmaker, on Monday launched an all-electric EV6 sedan in the domestic market ahead of its overseas launches later this year.

South Korea

South Korea: Hyundai Oilbank Sells Storage Terminal Business

Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country's southeast coast, to help fund its green energy projects.

Energy Storage Battery

China's June Lithium Hydroxide Exports Push Higher

China's lithium hydroxide exports increased to a six-month high in June, driven by the rapid development of high-nickel ternary lithium-ion batteries in South K…

Power Cable

LS Cable and System to Build High-Rise Undersea Cable Production Tower

LS Cable and System will invest 185.9 billion won to build an undersea cable system production plant in Donghae, Gangwon Province, the company said on July 25.

Electric Vehicle Battery

Hyundai Motor to Improve Safety of Second Life Battery Energy Storage System

South Korea’s top automaker Hyundai Motor said Sunday it has signed a memorandum of understanding with safety standards company UL to strengthen the safety of …

LNG Carrier

KSOE Receives Orders for Seven LNG Carriers

South Korean shipbuilder Korean Shipbuilding and Offshore Engineering has secured building orders for seven new LNG carriers.

South Korea

Ground Broken for Munmu Daewang Science Research Center

Ground was broken on July 21 for the construction of a large-scale nuclear research center that will focus on three areas -- small modular reactors, nuclear pow…

Energy Storage Battery

Bloom Energy fuel cells to power 4.2-MW CHP micro plant in South Korea

Bloom Energy will install the first-ever solid oxide fuel cell technology in a planned combined heat and power plant to be built in South Korea.

Floating Offshore Wind

South Korea Floater Wins DNV Approval

Samsung Heavy Industries has developed an offshore wind floating platform design for the South Korean market that has received approval in principle from DNV.