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Electricity Reform
Coal Plant Restriction to Reform S Korea’s Power Market
The South Korean government is considering an annual cap on coal-fired generation from 2022 and a new spot and forward auction system to enable utilities to bid…
Coal Production
South Korean Coal Market Retreats Amid Warmer Spring
The South Korean coal market edged lower this week as forecasts of a warmer spring across northeast Asia weighed on the near-term demand outlook.
Floating Solar Project
Hanwha Q Cells Secures 300 MW Order for 2.1 GW Floating Complex in South Korea
The Korean manufacturer was chosen as a preferred bidder for a portion of the Saemangeum solar complex. The company will likely supply its special panels for fl…
Thermal Coal
South Korean Coal Imports Rebound in February
South Korean thermal coal imports rose in February, supported by utility restocking and greater Australian supply.
Energy Storage Battery
Rosatom Subsidiary Acquires 49% Stake in Korean Power Storage Company
RENERA LLC, Rosatom’s integrator company for the energy storage business has finalized the deal to acquire 49% share of Enertech International Inc, a South Kor…
Hydrogen Fuel Cell
Korea's SK Group Wraps up USD-1.6bn Investment in Plug Power
South Korean industrial conglomerate SK Group has finalised its USD-1.6-billion capital investment in US fuel cell systems provider Plug Power Inc as part of a …
Electric Car
Electric Vehicle Prices to be Halved by 2025
The South Korean government has decided to lower the price of an electric vehicle by at least 10 million won by 2025.
Solar Cell
Hybrid Tandem Perovskite Solar Cell with 18.04% Efficiency
South Korean researchers claim to have developed a PV cell with a higher efficiency rate than any other tandem cell based on perovskite and organic materials.
LNG Carrier
Demand for Safe Eco-friendly Fuels Rising, LPG-Propelled Ships Expected to Be Built
The Ministry of Oceans and Fisheries announced on Jan. 31 that it approved the Korean Register of Shipping’s vessel inspection regulations regarding LPG-propel…
Thermal Coal
South Korean Coal Prices Ease on Milder Outlook
Thermal coal prices for South Korea fell this week, with milder weather expected next month.
Offshore Wind Power
Korean Shipbuilders Jumping into Offshore Wind Power Business
Korea's three major shipbuilders -- Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering -- are jump…
Offshore Wind Power
South Korean Pair to Develop Offshore Wind Substation
Daewoo Shipbuilding & Marine Engineering and Korea Electric Power Corporation Engineering & Construction have signed a Memorandum of Understanding to develop an…
Electric Car
South Korea’s EV Exports Hit Record high in 2020
South Korean exports of environmentally friendly cars hit an all-time high in 2020, with the share of domestic sales exceeding 10pc for the first time.
Hydrogen Fuel Cell
SK Group Invests $1.5bn in Hydrogen Fuel Cell Firm Plug Power
South Korean company SK Group has agreed to invest $1.5bn in US-based hydrogen fuel cell solutions provider Plug Power, forming a new strategic partnership.
Iran
Strait of Hormuz: The World's Most Important Oil Artery
Iran's Revolutionary Guards Corps seized a South Korean-flagged tanker in Gulf waters and detained its crew, amid tensions between Tehran and Seoul over Iranian…
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