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S. Korea Weighs High-Stakes Decision on Alaska LNG Project Amid U.S. Pressure and Domestic Uncertainty

S. Korea Weighs High-Stakes Decision on Alaska LNG Project Amid U.S. Pressure and Domestic Uncertainty

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 [...]

Gov’t to Provide Incentives to Public Entities Entering Wind Power Market

Gov’t to Provide Incentives to Public Entities Entering Wind Power Market

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 [...]

DOE Lab Contractor Employee Terminated after Attempting to Fly to Korea with Reactor Design Software: Report

DOE Lab Contractor Employee Terminated after Attempting to Fly to Korea with Reactor Design Software: Report

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 [...]

HD Hyundai Heavy, TerraPower Forge Partnership to Work on Supply Chain, Commercialization of Natrium Plants

HD Hyundai Heavy, TerraPower Forge Partnership to Work on Supply Chain, Commercialization of Natrium Plants

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 [...]

Hyundai Motor Planning to Build First Local Hydrogen Fuel Cell Plant

Hyundai Motor Planning to Build First Local Hydrogen Fuel Cell Plant

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 [...]

S. Korea, Czech Republic Hold High-level Supply Chain, Energy Dialogue in Seoul

S. Korea, Czech Republic Hold High-level Supply Chain, Energy Dialogue in Seoul

SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]

S. Korea’s Commercial Solar Panel Installations Rebound in 2024

S. Korea’s Commercial Solar Panel Installations Rebound in 2024

SEOUL, Jan. 31 (Korea Bizwire) – The total capacity of newly installed commercial solar panels in South Korea reached 3.16 gigawatts in 2024, data showed Friday, exceeding the 3-GW level for the first time in three years. The figure marks a 9 percent increase from 2.9 GW installed in 2023, according to the data compiled [...]

Hanwha Sells U.S. Solar Power Projects to KKR Company

Hanwha Sells U.S. Solar Power Projects to KKR Company

SEOUL, Jan. 22 (Korea Bizwire) — Hanwha Qcells, the renewable energy unit of Hanwha Solutions Corp., said Wednesday it has sold two solar power development projects in the United States to a Kohlberg Kravis Roberts (KKR) company. Hanwha Qcells has sold the two solar power projects, one in Colorado and the other in Virginia, to [...]

South Korea and Westinghouse Forge Nuclear Alliance to Expand Global Market Reach

South Korea and Westinghouse Forge Nuclear Alliance to Expand Global Market Reach

SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]

KHNP, Westinghouse Reach Agreement on Intellectual Property Dispute

KHNP, Westinghouse Reach Agreement on Intellectual Property Dispute

SEOUL/WASHINGTON, Jan. 17 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market. “KHNP and Korea Electric Power Corp. (KEPCO) have agreed with U.S. Westinghouse to settle [...]