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S. Korea to Invest 14 Tln Won into New Emerging Industries

S. Korea to Invest 14 Tln Won into New Emerging Industries

SEJONG, Jan. 4 (Korea Bizwire) – South Korea will invest nearly 14 trillion won (US$11.6 billion) into new energy industries such as solar power this year in a bid to foster the potential sectors as the country’s new growth engines, the ministry here said Wednesday. The Ministry of Trade, Industry and Energy said investment made [...]

Small Modular Reactors in Spotlight following Nuclear Disaster Film

Small Modular Reactors in Spotlight following Nuclear Disaster Film

SEOUL, Dec. 16 (Korea Bizwire) – The recent South Korean blockbuster disaster film “Pandora” was the first of its kind to see nuclear power plants play a pivotal role in the plot.  The movie, which is reminiscent of the Fukushima nuclear meltdown in 2011, takes place in an eastern coastal city of South Korea that [...]

Korean Nuclear Fusion Reactor Takes Step Forward for Commercialization

Korean Nuclear Fusion Reactor Takes Step Forward for Commercialization

SEOUL, Dec. 15 (Korea Bizwire) – An experimental nuclear fusion reactor in South Korea has achieved a world record of 70 seconds in high-performance plasma operation, taking a step forward in commercializing a nuclear fusion reaction to produce electricity, researchers said Thursday.  Unlike light and heavy water nuclear reactors, which are widely used for now, [...]

Government Invests Billions to Find Use for Greenhouse Gases

Government Invests Billions to Find Use for Greenhouse Gases

SEOUL, Dec. 12 (Korea Bizwire) – The key focus of a 47.5-billion-won ($40.6 million) government project announced Monday will be on demonstrating and implementing viable technologies that can turn greenhouse gases or carbon compounds (CO and CO2) from industrial complexes into useful chemical materials, such as methanol.  The project will be jointly conducted by the [...]

Utility Poles Come to Life with Poetry and Paintings

Utility Poles Come to Life with Poetry and Paintings

SEOUL, Dec. 12 (Korea Bizwire) – Ubiquitous but mundane electrical infrastructure such as utility poles and electrical enclosures (cabinets) are getting makeovers with writing and paintings to help improve urban landscapes.  The Busan and Ulsan regional office of the Korea Electric Power Corporation announced Monday that their urban-friendly electricity equipment project called “Kkot-bot-dae” – an [...]

Government to Stabilize Prices for New and Renewable Energy

Government to Stabilize Prices for New and Renewable Energy

SEOUL, Nov. 30 (Korea Bizwire) – In an effort to promote new and renewable energy, and stabilize fluctuating prices, the government has decided to institute “20-year fixed-price contracts” that will better guarantee business profits as well as attract more investment in the sector.  According to the Ministry of Trade, Industry & Energy, the government will [...]