Korean

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…

LNG Carrier

Global LNG Fleet Starts 2021 with Spate of Deliveries

Four new LNG carriers were delivered by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering in the first four days of this year, following slow …

Hydrogen Project

Major Korean Enterprises Joining Hydrogen Industry

An increasing number of major South Korean conglomerates are entering the hydrogen industry. Recently, POSCO, SK, Hanwha and Hyosung Groups declared to do so.

South Korea

South Korea Plans To Downsize Nuclear & Coal While Quadrupling Renewables By 2034

South Korean President Moon Jae-in previously committed to moving away from nuclear power and toward renewable energy.

LNG

Korean Shipbuilders Enjoying Brisk New Order Intake at Year-end

Korean shipbuilders are enjoying a brisk new order intake at the year-end.

Power Construction

LS C&S Secures W232 bil. Wando-Jeju Submarine Cable Deal

LS Cable & System won a bid for Korean Electric Power Corp's "Jeju third submarine cable construction project" Thursday, which aims to connect the islands of Wa…

Coal Trade

US Blacklists Coal Shippers for North Korea Ties

The US Office of Foreign Assets Control designated six companies and four vessels for violating existing UN sanctions by engaging in the prohibited North Korean…

Oil Pipeline

U.S. Tariff on South Korean Oil Pipelines Fixed at 9.33% to 15.07%

The final tariff rate is almost three times the preliminary tariff rate.