Energy & Green Archives | Be Korea-savvy

Archive by category Energy & Green

Ruling Party and Opposition Divided on “Phasing Out” of Nuclear Power

Ruling Party and Opposition Divided on “Phasing Out” of Nuclear Power

SEOUL, Oct. 17 (Korea Bizwire) — The ruling party and its opposition clashed once again regarding President Moon Jae-in’s “nuclear power phase out” plan during the national audit regarding the issue by lawmakers within the National Assembly’s Trade, Industry, Energy, SMEs, and Startups Committee. Ruling party lawmakers lauded President Moon’s policy on phasing out nuclear [...]

Stocks Accepted in Place of Electricity Bill Payment Greatly Devalued

Stocks Accepted in Place of Electricity Bill Payment Greatly Devalued

SEOUL, Oct. 15 (Korea Bizwire) — The value of stocks that the Korea Electric Power Corporation (KEPCO) accepted from other firms in lieu of payment for electric bills were found to have fallen sharply, incurring losses totaling 11.6 billion won. According to data submitted by KEPCO to lawmaker Eoh Kiy-ku of the Democratic Party, who [...]

Algorithm Simplifies Control Pod Replacement at Nuclear Power Plants

Algorithm Simplifies Control Pod Replacement at Nuclear Power Plants

SEOUL, Oct. 11 (Korea Bizwire) – South Korean researchers have discovered what they’re saying is the optimal method of moving control rods, using industrial mathematics. According to the National Institute for Mathematical Science (NIMS), fuel and control rods used in the previous cycle at nuclear power plants are taken to the Spent Fuel Pit (SPF) during the [...]

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SK Innovation to Invest 400 bln Won to Build EV Battery Separator Plant in China

SEOUL, Oct. 7 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Sunday that it will invest 400 billion won (US$353.8 million) to build a lithium-Ion battery separator plant in China. The company said it plans to break ground early next year for the plant that will make lithium-ion battery separator [...]

Local Power Plant Operator Given Stamp of Approval for Power Plant Design

Local Power Plant Operator Given Stamp of Approval for Power Plant Design

SEOUL, Oct. 5 (Korea Bizwire) — A U.S. government agency that provides guidelines on nuclear safety has found that the design of the Korean nuclear facility APR1400 was “safe.” The announcement is expected to boost competitiveness for Korean nuclear facilities in terms of exports to the U.S. Korea Hydro & Nuclear Power revealed yesterday that [...]

Overseas Resources Projects to Undergo Heavier Scrutiny

Overseas Resources Projects to Undergo Heavier Scrutiny

SEOUL, Oct. 2 (Korea Bizwire) — Overseas resource development projects exceeding 100 billion won (US$89.96 million) will be put through rigorous pre-assessment, a step meant to avoid indiscriminate investment and financial losses, officials said Tuesday. Bills approved by the Cabinet stipulate that such high-cost projects by the Korea National Oil Corp. (KNOC), in which state [...]