Korea

LNG Carrier

Hyundai Heavy Receives Order for Three LNG Carriers

South Korean shipbuilder Hyundai Heavy Industries has taken an order for three LNG carriers, with delivery scheduled by July 2024.

Coal Price

South Korean Coal Prices Ease

Thermal coal prices for South Korea softened this week, as Australian fob prices came under pressure from a weaker demand outlook in India and Japan.

Gas turbine engine

United States Targeting Energy Sector of South Korea

The United States is showing nationalism in the energy industry as well as semiconductor by making an issue of the South Korean government’s gas turbine compet…

Nuclear Power Plant

South Korean Nuclear Reactor Returns from Outage

South Korea's 950MW Hanul 1 nuclear reactor is ramping up following its second unplanned outage in quick succession.

Nuclear Power Plant

S. Korea Expresses 'Strong Regret' over Japan's Decision to Release Water from Fukushima

South Korea on Tuesday expressed strong regret over Japan's decision to release contaminated water into the sea from its wrecked Fukushima nuclear power plant.

Carbon Neutral

Shipbuilding Companies to Pursue Carbon Neutrality

The top six South Korean shipbuilding companies organized their carbon neutrality committee on April 8 and made a joint declaration to achieve carbon neutrality…

Wind Turbine

Samsung Heavy Industries Develops Eco-friendly Wind Turbine Installation Vessel

Samsung Heavy Industries’ eco-friendly wind turbine installation vessel has been certified by the world’s top three ship classification agencies at the same t…

Wind Turbine

Samsung Shipyard Acquires Independent Technologies for Wind Turbine Installation Vessel

Samsung Heavy Industries, a major shipbuilder in South Korea, has acquired original technologies for the construction of a wind turbine installation vessel feat…

Nuclear Power Plant

South Korea Shuts Nuclear Reactors for Second Time Due to Influx of Marine Organisms

The Hanul-1 and –2 reactors, both with a capacity of 950 MW, were shut April 6 after an influx of marine organisms disrupted water pump operations, said an off…

Energy Storage System

Fire Guts Batteries at Energy Storage System in Solar Power Plant

A fire at a private solar power plant gutted an energy storage system that used batteries from LG Energy Solution affiliated with South Korea's LG Group, which …

Hydrogen Fuel Cell Vehicle

KOGAS Developing Hydrogen Bus Charging Stations in UAE

The state-run Korea Gas Technology Corp. has been selected by the Ministry of Land, Infrastructure and Transport to lead a project on the development of infrast…

South Korea

Hyosung Group’s Market Cap Soars 70% on the Back of Hydrogen Economy

Their prices jumped sharply as the chemical market entered a perfect upward cycle and Hyosung Group expanded its business to the environmental sector, especiall…

Electric Vehicle Battery

South Korean EV Battery Makers Losing Market Share to CATL and BYD

The market share of LG Energy Solution fell from 26.6 percent in one year, although the usage of its batteries increased from 3.3 GWh to 4.9 GWh.

LNG

Korean GS Energy to Build LNG Power Plants in Vietnam

The two power plants are estimated to be completed by 2026 and 2027.

Nuclear Power Plant

Egypt's Petrojet Inks Teaming Deal With Korean Nuclear Companies

Petrojet, KHNP, Kepco E&C, Hyundai E&C and Doosan are expected to form a united team to create synergy by combining their strengths for the El Dabaa NPP