South korea

Nuclear Power Plant

KAERI and Samsung Heavy to Develop Nuclear Powered Ships

The Korea Atomic Energy Research Institute President Won-Seok Park) and Samsung Heavy Industries CEO Jin-Taek Jeong are cooperating to develop a carbon-free nuc…

Coal Trade

South Korean Coal Imports Drop in May

Competitive gas prices and coal-fired plant restrictions trimmed South Korean thermal coal imports on the year in May, although receipts from Australia are at a…

Nuclear Power Plant

Samsung Heavy Industries to Develop Offshore Nuclear Plant Technology

Samsung Heavy Industries will start to develop offshore floating nuclear power plant technology, which is emerging as a zero carbon energy source.

Hydrogen Project

Hyundai Motor, SK, POSCO and Hyosung Collaborating in Hydrogen Industry

Hyundai Motor Group chairman Chung Eui-sun, SK Group chairman Chey Tae-won, POSCO Group chairman Choi Jung-woo and Hyosung Group chairman Cho Hyun-joon gathered…

Gas Turbine

South Korea Eyes First Hydrogen Gas Turbine Demonstration in 2027

Stepping up efforts to develop a hydrogen gas turbine, Doosan Heavy Industries & Construction and a consortium of partners will begin South Korea’s first large…

Nuclear Power Plant

Czech Republic to Rule Russia and China Out of Nuclear Power Plant Construction Project

South Korea’s chance to win a nuclear power plant construction project in the Czech Republic has increased as Russia and China are likely to be ruled out.

South Korea

Doosan Wins 100MW Korean Offshore Turbine Deal

Company will supply 18 5.56MW machines for the Jeju Hallim project

Natural Gas

South Korea to Raise Natural Gas Inventory Requirements

South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…

Oil Refinery

Oil Refiners to Begin Olefin Business in 2nd Half of 2021

GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.

Hydrogen Project

Ørsted and POSCO Sign MoU to Strengthen Collaboration on Offshore Wind Energy and Renewable Hydrogen in Korea

Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a MoU to expan…

Electric Car

Hyundai Aims to Sell One Million EVs per year by 2025

The move will result in a 50% reduction in models powered by fossil fuels, one of the people said, adding the strategy was approved by top management in March

Nuclear Power Plant

South Korea and United States to Cooperate in Nuclear Power Industry

U.S. President Joe Biden and South Korean President Moon Jae-in released a joint statement on May 21 and declared that they would cooperate in the global nuclea…

Crude Oil

S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand

Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…

LNG

Samsung Heavy Industries Completes LNG Pilot Test Facility

Samsung Heavy Industries has started to pursue a "super-gap strategy" in LNG technology by completing an integrated LNG pilot test facility.

Hydrogen Technology

Doosan Mobility Innovation Accelerating UAM Technology Development

Doosan Mobility Innovation has formed an urban air mobility task force at its R&D center to accelerate technology development.