SEOUL, Nov. 29 (Korea Bizwire) – The Seoul Metropolitan Government has built a new wastewater recycling center that could produce enough energy to heat 24,000 households. The construction of the new wastewater heat recovery system at Seonam Water Recycling Center in Gangseo District has been completed, with the opening ceremony taking place today. The facility will [...]
SEOUL, Nov. 29 (Korea Bizwire) – Discontent among residents living near Baekdudaegan – the mountain range that snakes through the heart of the Korean peninsula – is on the rise concerning the growing presence of wind turbines in the area. Approximately 40 percent of the nation’s wind energy production is generated from the east and [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea is stepping up its bid to take over stakes in a troubled nuclear project in Britain as the two countries agreed to step up cooperation in the sector, Seoul’s energy ministry said Tuesday. Energy ministers of the two nations signed a memorandum of understanding in their meeting [...]
SEOUL, Nov. 27 (Korea Bizwire) — BASF, the world’s leading chemicals company, has expanded its production facilities in South Korea to meet growing demand in the domestic and Asian markets, the company said Monday. The German chemicals company has just started operation of a new electronic materials plant in Yeosu, 455 kilometers south of Seoul, [...]
SEOUL, Nov. 23 (Korea Bizwire) — Former U.S. energy secretary Steven Chu said Thursday that South Korea’s current policy to do away with nuclear power is not a viable solution, and called for more concerted efforts to develop renewable energy. “Nuclear is better than natural gas or coal… it’s a job of the government to [...]
SEOUL, Nov. 21 (Yonhap) — Aided by improved cracking margins and solid demand for petrochemical products, local oil refiners are forecast to pocket more record earnings this year, and their stellar performance may continue into next year, industry sources said Tuesday. Oil prices have been in the doldrums since 2015 on concerns of an oversupply. [...]
DAEJEON, Nov. 21 (Korea Bizwire) — A South Korean science institute said Monday that it will send industrial gamma-ray computerized tomography (CT) machines to four African nations as part of its ongoing effort to support nuclear technologies in other countries. The CT machines developed by the Korea Atomic Energy Research Institute (KAERI) will be delivered [...]
SEOUL, Nov. 20 (Korea Bizwire) — Global oil prices have rallied in the past weeks and may settle above the US$60 level in the near future, a boon for Korean shipbuilders still struggling with falling new orders, industry sources said Monday. Oil prices rebounded Friday on hopes for the extension of an OPEC output cut [...]
SEOUL, Nov. 20 (Korea Bizwire) — Key business indices for renewable energy, including investment and domestic demand, have backtracked over the past few years, data showed Monday, a challenge to the government policy to pursue non-nuclear power sources. The data provided in a 2016 survey by the New Renewable Energy Center of the Korea Energy [...]
SEOUL, Nov. 20 (Korea Bizwire) — Chinese rechargeable battery and electric vehicle (EV) manufacturers are offering high wages to South Korean engineers, causing concerns among local companies that could face a shortage of skilled workers, industry watchers said Sunday. Sources said that Chinese companies are promising three to four times more pay for skilled engineers [...]