South korea

South Korea

Hyundai Motor Group Expands Vehicle Odd-Even Driving Scheme,consider expanding the scale of solar power generation and energy storage systems

Hyundai Motor Group announced on the 27th that it will expand the five-day vehicle restriction system in accordance with the government's energy-saving meas…

South Korea

S. Korea to enforce naphtha export restriction starting Friday: finance minister

South Korea will begin restricting naphtha exports from Friday amid growing supply shortages due to the Middle East situation, Seoul's finance chief said on…

Hydrogen Production

Samsung C&T Completes Korea's First Renewable-Only Hydrogen Facility

Samsung C&T's construction division has completed South Korea's first hydrogen energy production facility based on an off-grid system, a method of produ…

Energy Saving

Korean major Corporations Join Government Energy-Saving Push

South Korean President Lee Jae-myung on the 24th ordered public institutions to implement a five-day vehicle rotation system based on license plate numbers and …

SMR

DL E&C, X-energy First SMR Design Contract

DL E&C announced on the 25th that it has signed a contract with U.S. small modular reactor (SMR) company X-energy for an "SMR standardized design." The contract…

South Korea

Vestas Signs Strategic MOU with KPS and KMC to Strengthen Korea’s Offshore Wind Capabilities

Vestas, KEPCO Plant Service & Engineering (KPS) and KMC Line have signed a Memorandum of Understanding (MoU) to support Korea’s offshore wind sector, specifica…

South Korea

Samsung SDI Signs Mid- to Long-term LFP Cathode Material Supply Deal with L&F

Samsung SDI has secured a key supply agreement for battery materials as it moves to strengthen its presence in the North American energy storage system market.T…

South Korea

Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier

LPG shipping company Dorian LPG has taken delivery of its dual-fuel LPG and ammonia very large gas carrier (VLGC/AC) carrier from a South Korean shipbuilder.Sou…

LNG

Samsung Heavy Industries Secures Two LNG Carriers

Samsung Heavy Industries announced on the 23rd that it signed a contract with an Oceania-based shipping company for two liquefied natural gas (LNG) carriers wor…

South Korea

POSCO International to build rare earth supply chain

March 23 -- POSCO International Corp., the trading arm of POSCO Holdings, said Monday it will build a global supply chain for heavy rare earth elements to stren…

South Korea

Hyundai supplies Xcient fuel cell trucks for Uruguay zero-emission logistics project

March 20th - Hyundai Motor Company announced on Friday that it has provided eight Xcient hydrogen fuel cell trucks to an environmental logistics project in Urug…

United States

Terra Energy Center and Korate Asset Management Invest in Alaska's 1.25GW Coal-Fired Power Plant Project

according to data reported by the U.S. Department of the Interior, the American energy company Terra Energy Center plans to invest $1 billion (approximately KRW…

South Korea considers importing Russian oil

The South Korean government is pursuing the reintroduction of Russian crude oil imports, suspended since 2022, as the prolonged closure of the Strait of Hormuz …

South Korea Announces Increase in Nuclear Power Capacity Utilization to Address Energy Supply Challenges

The ruling Democratic Party of Korea announced on Monday that it will increase the utilization rate of nuclear power capacity to address current energy supply c…

South Korea's LS Cable & System Secures €35 Million Submarine Cable Contract in Malaysia

South Korea's LS Cable & System has recently secured a contract worth €35 million to build a submarine power cable project connecting Langkawi Island t…