SEOUL, Sept. 3 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) said Wednesday it has signed a memorandum of understanding (MOU) with the Serbian government to expand cooperation in the nuclear energy and hydrogen sectors. Under the MOU, KHNP will join hands with Serbia’s Ministry of Mining and Energy to lay ground [...]
SEOUL, Aug. 20 (Korea Bizwire) — Shares of South Korea’s nuclear power companies tumbled Wednesday after revelations that a settlement with U.S. nuclear giant Westinghouse has sharply curtailed their access to major global markets. By mid-morning trading, Korea Electric Power Corp. (KEPCO) was down more than 5 percent, while Doosan Enerbility dropped nearly 9 percent. [...]
SEOUL, Aug. 19 (Korea Bizwire) — The chief of the state-run Korea Hydro & Nuclear Power Co. (KHNP) confirmed Tuesday the company has closed operations in Poland amid speculations that its agreement with U.S. energy firm Westinghouse over an intellectual property (IP) dispute influenced the decision. “After the new Polish administration took office … the [...]
SEOUL, Aug. 19 (Korea Bizwire) — A $26 billion nuclear power contract won by South Korean firms in the Czech Republic is drawing scrutiny after revelations that Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corp. (KEPCO) signed a sweeping agreement with Westinghouse Electric that could bind Seoul’s industry to decades of costly obligations. [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s nuclear regulator has warned that rapidly warming seawater — used to cool reactors — could force as many as eight reactors offline within the next 10 years unless cooling capacity is improved. At a meeting on August 14, the Nuclear Safety and Security Commission received a report [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korea’s nuclear safety commission on Thursday approved the restart of the Shin-Hanul 2 reactor, which had been shut down for maintenance following two malfunctions earlier this year. The Nuclear Safety and Security Commission authorized the reactor to reach a “criticality” level, enabling the resumption of operations after repairs [...]
SEOUL, Aug. 13 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility, said Wednesday it signed a preliminary agreement with Vietnamese energy company Petrovietnam (PVN) to help cultivate a skilled workforce for Vietnam’s emerging nuclear power sector, as the two countries seek to deepen industrial cooperation. The memorandum of understanding (MOU), inked earlier [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]
Breakthrough marks milestone in long-endurance unmanned aerial technology using homegrown hydrogen fuel cell SEOUL, Aug. 5 (Korea Bizwire)— A South Korean research team has successfully completed a 12-hour continuous flight using a domestically developed hydrogen fuel cell-powered drone, setting a new national benchmark for unmanned aerial vehicle (UAV) endurance, the Korea Institute of Materials Science [...]
SEOUL, Aug. 4 (Korea Bizwire) — LG Chem Ltd. said Monday its biofuel joint venture established with Italy’s Enilive S.p.A. has started construction of South Korea’s first hydro-treated vegetable oil (HVO) plant, part of the company’s drive to expand sustainable chemical production. The joint venture, named LG-Eni Biorefining, held a groundbreaking ceremony at the HVO [...]