PYEONGTAEK, April 25, (Korea Bizwire) — The city of Pyeongtaek in Gyeonggi Province is emerging as a national leader in South Korea’s hydrogen economy, expanding its infrastructure, attracting global investment, and advancing research to position itself at the forefront of clean energy innovation. On April 25, city officials detailed an ambitious roadmap that includes scaling [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will “prudently” decide whether to join the Alaska liquefied natural gas (LNG) project after conducting an on-site field inspection of the project, Seoul’s industry minister said Friday. Industry Minister Ahn Duk-geun said the government will approach the matter “prudently” as it is tied to the country’s energy [...]
TEAAN, South Korea, April 23 (Korea Bizwire) — As South Korea embarks on the phase-out of coal-fired power generation, a major blue hydrogen production facility is set to be built in Taean, South Chungcheong Province, signaling a pivotal shift toward clean energy and carbon neutrality. On April 23, 2025, South Chungcheong Province, Taean County, Korea [...]
SEOUL, April 23 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have agreed to pursue joint nuclear power projects abroad as part of broader bilateral cooperation on nuclear energy, Seoul’s foreign ministry said Wednesday. The agreement was reached during a high-level consultation on nuclear cooperation between the two countries, held Tuesday in [...]
DAEJEON, South Korea, April 14 (Korea Bizwire) — At SK Innovation’s Environmental Science & Technology Institute in Daejeon, a powerful scent of used cooking oil hangs in the air, signaling an ambitious transformation: converting waste oil into sustainable aviation fuel (SAF). Within the facility’s pilot plant, dark brown waste oil is refined through high-temperature, high-pressure reactors [...]
SEOUL, March 31 (Korea Bizwire) — The government of South Korea faces mounting pressure from the United States to commit to purchasing liquefied natural gas (LNG) from Alaska, a move that could carry significant economic and geopolitical consequences for Seoul. But despite a visit by Alaska Governor Mike Dunleavy last week and growing American expectations, South [...]
SEOUL, March 20 (Korea Bizwire) — The government will provide incentives to public entities entering the offshore wind power market as part of efforts to promote the growth of the renewable energy industry, the industry ministry said Thursday. Public institutions and companies that make a bid for the government’s offshore wind power development project will [...]
WASHINGTON, March 17 (Korea Bizwire) — A U.S. Department of Energy (DOE) laboratory contractor employee was terminated after attempting to board a flight to South Korea with export controlled information on nuclear reactor design software, a report showed Monday. Idaho National Laboratory (INL) terminated the person during the reporting period from Oct. 1, 2023 through [...]
SEOUL, March 12 (Korea Bizwire) — HD Hyundai Heavy Industries Co., a major South Korean shipbuilder, said Wednesday it has signed a strategic cooperation agreement with TerraPower LLC, a nuclear power startup founded by Bill Gates, to expand the manufacturing supply chain for power plants featuring sodium-cooled reactors. Under the partnership, the two companies will [...]
SEOUL, March 11 (Korea Bizwire) — Hyundai Motor Co. plans to build its first hydrogen fuel cell systems plant in South Korea for the start of operations in 2028, the company’s labor union claimed Tuesday. Hyundai Motor currently operates a hydrogen fuel cell systems plant in China. If built, the domestic facility will be the [...]