SEOUL, Jan. 13 (Korea Bizwire) — South Korea’s bold drive to promote the use of hydrogen for power generation, vehicles and other industires is witnessing progress as sales of hydrogen fuel cell cars increased sharply last year and more charging stations were installed, the industry ministry said Monday. Seoul unveiled its so-called hydrogen economy drive [...]
SEOUL, Dec. 31 (Korea Bizwire) — The South Korean state-run utility firm Korea Electric Power Corp. (KEPCO) is likely to raise electricity costs next year, as it grapples with poor earnings amid a new energy policy drive, industry sources said Tuesday. On Monday, the country’s sole electricity provider said it will scale down discounts offered [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea plans to build the world’s first ‘hydrogen cities’ to promote the hydrogen economy. The Ministry of Land, Infrastructure, and Transport announced on Sunday that it chose Ansan, Ulsan, Wanju, and Jeonju as ‘candidate cities for the hydrogen economy,’ and Samcheok as a city that will specialize in [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea will seek to export more its endogenously designed nuclear reactors, the country’s state-run nuclear plant operator said Friday, as it has successfully completed the construction of two new nuclear reactors in the southern port city of Ulsan. The Korea Hydro & Nuclear Power Co. (KHNP) held a [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea is witnessing slow but meaningful progress in its march toward a hydrogen-based economy, with the pollution-free power source set to take up a greater slice of the country’s energy mix down the road. The Moon Jae-in administration has been pushing to cut the country’s dependency on conventional [...]
SEOUL, Dec. 1 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, said Sunday its desulfurization facility in the country will be completed by January, with its commercial operation likely to start in March. Since 2017, SK Energy has spent 1 trillion won (US$846 million) on building the vacuum [...]
SEOUL, Nov. 29 (Korea Bizwire) — SK Energy, South Korea’s leading oil refinery and gas station operator, said Friday it has invested 76 billion won (US$64 million) in a joint venture (JV) with a Chinese company to tap into the neighboring country’s asphalt market. SK Energy and Zhejiang Baoying Group set up a 49:51 joint [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea has completed the construction of a liquefied natural gas (LNG) storage and distribution facility on Jeju, the country’s southern resort island, the country’s industry ministry said Thursday. The project to build the LNG factory on Jeju began in 2007, with 543 billion won (US$460 million) spent on [...]
SEOUL, Nov. 27 (Korea Bizwire) – A South Korean court has put the brakes on the controversial development of solar energy facilities in mountainous areas, over concerns about environmental damage. On Tuesday, the Cheongju District Court ruled against the plaintiffs in a lawsuit filed by two solar power companies against Eumseong County, North Chungcheong Province, [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea’s industry ministry said Thursday it will scale down the operations of local coal plants to 80 percent of their capacity starting in December in a broader effort to deal with a spike in fine dust here. The ceiling will come into effect from December to February 2020, [...]