Korea

Hydrogen Project

Ørsted and POSCO Sign MoU to Strengthen Collaboration on Offshore Wind Energy and Renewable Hydrogen in Korea

Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a MoU to expan…

Electric Car

Hyundai Aims to Sell One Million EVs per year by 2025

The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March

Nuclear Power Plant

South Korea and United States to Cooperate in Nuclear Power Industry

U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that they would cooperate in the global nuclea…

Crude Oil

S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand

Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…

LNG

Samsung Heavy Industries Completes LNG Pilot Test Facility

Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.

Hydrogen Technology

Doosan Mobility Innovation Accelerating UAM Technology Development

Doosan Mobility Innovation has formed an urban air mobility task force at its R&D center to accelerate technology development.

Nuclear Power Plant

KHNP Applies to Dismantle Kori 1

Korea Hydro & Nuclear Power has applied to the Nuclear Safety & Security Commission for approval to dismantle unit 1 of the Kori nuclear power plant near Busan.…

Hydrogen Project

Hyundai Motor Partners with Bloomberg to Promote Hydrogen Campaign

On a quest to accelerate hydrogen mobility-related business, Hyundai Motor Co. is taking one more step towards improving public awareness of the transition towa…

Electric Vehicle Battery

SK Innovation: More Battery Order Wins Expected

Maintain BUY and revise up our target price to KRW400,000

Hydrogen Project

Lotte Chemical to Make Foray into Green Hydrogen Business

Lotte Group has decided to enter the hydrogen business to create a new growth driver and at the same time strengthen ESG management.

Coal Trade

S Korea Coal Imports Drop Amid Voluntary Restrictions

South Korean thermal coal imports fell on the year in April amid a likely drop in coal-fired generation, driven in part by voluntary restrictions on the use of …

Biomass Power Plant

Doosan Lentjes Wins Polish Waste-to-Energy Plant Contract

German-based engineering company Doosan Lentjes has been selected as a subcontractor by South Korea’s POSCO Engineering and Construction for the development of…

Offshore Wind Power

South Korea Takes Step Away from Fossil Fuel with Offshore Wind Farm

South Korea will build the world's largest floating offshore wind farm, calling it one of the cornerstones in developing clean energy, according to President Mo…

Electric Car

Bolt EV Nabs First Place in Imported EV Sales in April

The Bolt EV became the best-selling imported electric vehicle in April by selling 148 units.

Floating Offshore Wind

South Korea Unveils 6GW Floating Ambitions

President Moon Jae-in says government will provide finance for first stage of the project off Ulsan