SEOUL, May 12 (Korea Bizwire) — For the first time in nearly two decades, nuclear power has surpassed coal to become South Korea’s largest source of electricity, signaling a broader shift in the country’s energy landscape toward cleaner and more sustainable sources. According to the Ministry of Trade, Industry and Energy’s newly released 2024 Energy Supply [...]
SEOUL, May 10 (Korea Bizwire) — South Korea has launched a joint public-private task force to spearhead the development of next-generation liquid hydrogen carriers, a strategic initiative to maintain the country’s global edge in shipbuilding and pioneer a future green energy market. The Ministry of Trade, Industry and Energy (MOTIE) announced Friday that it held an [...]
SEOUL, May 8 (Korea Bizwire) — The United States’ biggest clean energy alliance has joined a carbon-free energy (CFE) initiative led by South Korea, Seoul’s industry ministry said Thursday. The U.S. Clean Energy Buyers Association (CEBA) signed a memorandum of understanding (MOU) for bilateral cooperation with South Korea’s Carbon Free Alliance (CFA) on the sidelines [...]
SEOUL, May 7 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power Co. (KHNP) submitted a request for arbitration with an international mediation court Wednesday regarding a conflict with parent company Korea Electric Power Corp. (KEPCO) over a payment dispute involving additional construction costs for a nuclear power plant in the United Arab Emirates [...]
SEOUL, May 7 (Korea Bizwire) — South Korea’s landmark bid to export nuclear power plants to the Czech Republic has encountered stiff legal resistance from France, highlighting the intensifying global rivalry in the nuclear energy sector and underscoring Korea’s growing competitiveness. Led by Korea Hydro & Nuclear Power (KHNP), the so-called “Team Korea” secured its position [...]
PRAGUE, May 6 (Korea Bizwire) — A Czech court on Tuesday temporarily blocked the government in Prague from signing a multibillion-dollar agreement with South Korea for the construction of two nuclear reactors, according to multiple reports, making it highly unlikely that an official contract will be concluded this week. A South Korean consortium led by [...]
South Korea Secures Major Nuclear Power Deal in Czech Republic, Marking Breakthrough in European Energy Market SEOUL, April 30 (Korea Bizwire) — For more than a decade, South Korea’s nuclear industry had its eyes set westward. On a Tuesday in April, that ambition finally crystallized into reality. After months of negotiations and fierce competition with industry [...]
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 [...]