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South Korea
Energy Economy
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.
Policy & Regulation
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
Oil & Gas
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
Energy Economy
KOMIPO Wins ‘Construction Project of the Year’ at Global Energy Awards
KOMIPO ’s Seoul Power Headquarters, the world's first large-capacity underground power plant, was chosen for the “Construction Project of the Year” of the 20
Hydrogen
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.
Policy & Regulation
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.
Climate Change
Renewable Energy Industry: Policies for Carbon Neutrality Confirmed
Korea’s 5th Renewable Energy Basic Plan has been confirmed.
Energy Economy
South Korea-U.K. FTA About to Take Effect
The Ministry of Trade, Industry and Energy announced on Dec. 30 that the South Korea-U.K. FTA would become effective at 8:00 a.m. Jan. 1.
Nuclear Power
Korea's Artificial Sun Just Ran for 20 Astonishing Seconds
At 100 million degrees, that's easily a world record for fusion.
Hydrogen
South Korea to Work on Hydrogen Ships
The Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy released a green ship development plan on Dec. 23.
Thermal Power
Doosan Heavy Bags Order for Combined Cycle Power Plant in Guam
Doosan Heavy Industries & Construction has recently won an order for a 620 billion won combined cycle power plant project in Guam.
Oil & Gas
Korean Shipbuilders Enjoying Brisk New Order Intake at Year-end
Korean shipbuilders are enjoying a brisk new order intake at the year-end.
New Energy Vehicles
LG Energy Solutions to Supply NCMA Batteries to Tesla
LG Energy Solutions has preempted the next-generation battery market as it will supply its nickel, cobalt, manganese and aluminum (NCMA) batteries for U.S. GM a
Wind Power
South Korea to Build World’s Largest Floating Wind Farm off Ulsan
Under the agreement, OW Offshore will develop three 500MW complexes with a combined total capacity of 1.5 GW in Korea’s exclusive economic zone (EEZ) off Ulsan
Power Grid
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
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