South Korea

Oil & Gas
S.Korea’s June Crude Oil Imports up 5.9% y/y – Preliminary Data
South Korea’s June crude oil imports rose 5.9% to 79.0 million barrels from a year earlier, preliminary data from the Ministry of Trade
Nuclear Power
S. Korea-U.S. Collaboration in Nuclear Power Industry Is of Great Value
South Korean President Moon Jae-in and U.S. President Joe Biden released a joint statement on May 21
Energy Storage
Korea Expands Presence in Battery Raw Materials Markets
Although Korean battery raw materials companies have increased their combined share of the global market, they still place third after China and Japan.
Hydrogen
SK Group Aiming to Become World's No. 1 Hydrogen Player
SK Group has set up a blueprint for a hydrogen economy. Its goal is to invest about 18 trillion won over the next five years and become the world's No. 1 hydrog
Climate Change
KB Financial Group to Walk Towards Carbon Neutrality for Future Generations
KB Financial Group held its environmental, social, and corporate governance commitments on June 24 to declare "KB Net Zero S.T.A.R." as a mid- to long-term carb
Energy Efficiency
K-City Network Global Cooperation Program to Commence Soon
The Ministry of Land, Infrastructure and Transport announced on June 23 that this year’s K-City Network Global Cooperation Program would be initiated in 11 sel
Nuclear Power
Cooperation with the U.S. May Hinder Korea's Nuclear Power Plant Exports
South Korean President Moon Jae-in and U.S. President Joe Biden had their first summit and released a joint statement on May 21.
Hydrogen
Hyosung Group and Linde Korea Start to Build Liquefied Hydrogen Plant in Ulsan
Hyosung Heavy Industries and Linde Korea held a groundbreaking ceremony for a liquefied hydrogen plant at Hyosung Chemical’s Yongyeon Plant in Ulsan on June 21
Wind Power
Vestas Receives Order from Yeongwol Eco Wind Co. Ltd
Vestas has received a 46 MW order from Yeongwol Eco Wind Co., Ltd. for the Yeongwol Eco Wind Project in Korea. Co-owned with E1 Corporation and to be constructe
Oil & Gas
GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil
GS Caltex will introduce two million barrels of carbon-neutral crude oil certified as carbon-neutral crude oil from Lundin Energy, a Swedish energy company.
New Energy Vehicles
Kia to Expand Sales of Electric Vehicles in Europe with Uber
Kia and Uber have signed a partnership that offers purchase benefits for Kia's electric cars such as Niro EV to Uber drivers in Europe
Energy Storage
LG Energy Solution's New TR1300 Operational At World's Largest Utility-Scale Battery Energy Storage Project
LG Energy Solution, South Korea's leading manufacturer of advanced lithium-ion batteries, recently supplied Vistra's Moss Landing Energy Storage Facility with i
Nuclear Power
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
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
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.

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Samsung Unveils First Multi-Folding Phone as Competition Set to Heat Up

South Korea

S.Korea’s June Crude Oil Imports up 5.9% y/y – Preliminary Data

S. Korea-U.S. Collaboration in Nuclear Power Industry Is of Great Value

Korea Expands Presence in Battery Raw Materials Markets

SK Group Aiming to Become World's No. 1 Hydrogen Player

KB Financial Group to Walk Towards Carbon Neutrality for Future Generations

K-City Network Global Cooperation Program to Commence Soon

Cooperation with the U.S. May Hinder Korea's Nuclear Power Plant Exports

Hyosung Group and Linde Korea Start to Build Liquefied Hydrogen Plant in Ulsan

Vestas Receives Order from Yeongwol Eco Wind Co. Ltd

GS Caltex to Import 2 Million Barrels of Carbon Neutral Oil

Kia to Expand Sales of Electric Vehicles in Europe with Uber

LG Energy Solution's New TR1300 Operational At World's Largest Utility-Scale Battery Energy Storage Project

KAERI and Samsung Heavy to Develop Nuclear Powered Ships

South Korean Coal Imports Drop in May

Samsung Heavy Industries to Develop Offshore Nuclear Plant Technology

Samsung Unveils First Multi-Folding Phone as Competition Set to Heat Up

South Korea Launches 1.25GW Offshore Wind Tender

Turkish, Korean Firms Sign Cooperation Agreement

South Korea Petrochemical Overhaul Likely to Shut Small, Stand-Alone Naphtha Crackers

Lotte and Hyundai to Merge Some Petrochem Units

Doosan Enerbility Exports Gas Turbines to u.s. In 1st Such Deal for S. Korea