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South Korea
South Korea Raises Renewable Energy Target to 25pc
South Korea's ministry of trade, industry and energy has raised the country's renewable portfolio standard policy from 10pc to 25pc.
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 …
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.
Nuclear Power Plant
Doosan Heavy Industries & Construction Ships Containers for Spent Nuclear Fuel to the U.S.
Doosan Heavy Industries & Construction announced on March 25 that it has recently supplied five sets of vertical concrete casks to TMI Nuclear Power Plant on Th…
Rosatom
Russia’s State Run Nuclear Energy Firm Buys 49% Stake in Korean Lithium-ion Battery Maker
A subsidiary of Russian state-controlled nuclear energy firm Rosatom has taken a 49% share of Enertech International, a South Korean manufacturer of electrodes,…
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