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 [...]
SEOUL, June 4 (Korea Bizwire) — U.S. President Donald Trump signed a proclamation Tuesday raising tariffs on imported steel and aluminum from 25% to 50%, dramatically escalating trade tensions and sending shockwaves through South Korea’s embattled steel industry. The move, viewed by many as the realization of a “steel curtain” around the U.S. market, erects [...]
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, June 4 (Korea Bizwire) —At least two South Korean companies are among the early contenders to partner in one of the largest energy infrastructure initiatives in North America: the Alaska LNG project, a $44 billion liquefied natural gas endeavor led by U.S. energy firm Glenfarne Group. Glenfarne, which is spearheading the project through its [...]
SEOUL, June 1 (Korea Bizwire) — LG Energy Solution has commenced mass production of lithium iron phosphate (LFP) batteries for energy storage systems (ESS) at its plant in Holland, Michigan, becoming the first major global battery manufacturer to operate a large-scale ESS LFP production line in the United States. The new batteries are long-cell-based, pouch-type LFP [...]
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 29 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) has been in talks with Vietnam, Saudi Arabia, Turkey and other countries over potential nuclear power plant deals, the company said Thursday. KEPCO said a number of countries, including the three, are interested in South Korea’s experience and capabilities proven by successfully [...]