SEOUL, June 19 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) said Thursday it plans to apply for standard design approval of its innovative small modular reactor (SMR) model later this year to expand the country’s foothold in the next-generation global nuclear power market. KHNP plans to draw up the [...]
SEOUL, June 9 (Korea Bizwire) — Doosan Enerbility Co., a major South Korean plant builder, said Monday it has secured a 900 billion-won (US$664 million) contract to build a combined cycle power plant in Vietnam by 2028. Doosan Enerbility has formed a consortium with local plant engineering firm PECC2 to construct the 1,155-megawatt power plant [...]
SEOUL, June 5 (Korea Bizwire) — Hyundai Motor Co. said Thursday it will supply hydrogen-powered waste collection vehicles to Busan metropolitan city, under the municipality’s aim to convert its waste collection fleet system to clean energy. At an event held at Busan City Hall, Hyundai unveiled two hydrogen-powered waste collection truck models based on the [...]
PRAGUE/SEOUL, June 4 (Korea Bizwire) — It was a deal nearly derailed by courtroom drama — but now, South Korea is officially back on the global nuclear stage. Following a months-long legal impasse, Korea Hydro & Nuclear Power Co. (KHNP), South Korea’s state-run nuclear energy firm, has signed a final agreement to build two nuclear [...]
SEOUL, June 4 (Korea Bizwire) – A Czech court has canceled an injunction banning the signing of a multibillion-dollar nuclear power plant contract with South Korea, lifting a major hurdle in the final agreement between the two sides, the Korean company in charge of the project said Wednesday. The Korea Hydro & Nuclear Power Co. [...]
SEOUL, May 30 (Korea Bizwire) — POSCO Holdings, South Korea’s leading steelmaker, said Friday it has opened a resource-focused research center in Australia to help secure future growth drivers through local partnerships. The Australia Critical Minerals R&D Lab, the first overseas facility of its kind established by a South Korean steelmaker, aims to enhance technological [...]
SEOUL, May 30 (Korea Bizwire) — South Korea is exploring the commercial potential of hydrogen combustion engines as an alternative path to decarbonizing heavy-duty vehicles, the Ministry of Environment announced Thursday. The ministry will host a policy forum on May 30 at Seoul’s Ferrum Tower to discuss strategies for expanding hydrogen-powered transportation. The event, organized [...]
SEOUL, May 26 (Korea Bizwire) — South Korea has formally expanded the legal framework for hydrogen fuel usage beyond automobiles, paving the way for broader adoption of hydrogen-powered mobility technologies across diverse sectors including logistics and maritime transportation. The Ministry of SMEs and Startups and the city of Ulsan announced on Sunday that the regulatory sandbox [...]
SEOUL, May 25, 2025 — POSCO Group announced Sunday that it will begin full operation of its first dedicated liquefied natural gas (LNG) carrier in the second half of 2025, as part of its strategy to secure a stable energy transport system and expand its presence in the global energy market. The 174,000-cubic-meter vessel, named [...]
TIEN GIANG, Vietnam, May 19 — SK Innovation E&S is rapidly expanding its footprint in the global renewable energy sector, with its Tan Phu Dong (TPD) offshore wind farm in southern Vietnam now fully operational and serving as a strategic base for the company’s green energy ambitions. Located near the Mekong Delta, the 150-megawatt facility is [...]