GWANGJU, Nov. 1 (Korea Bizwire) — Global electric power experts and engineers gathered in South Korea on Wednesday to exchange views on the future of the power industry at an exhibition hosted by the state-run Korea Electric Power Corporation (KEPCO). The Bitgaram International Exposition of Electric Power Technology (BIXPO) kicked off its three-day run in [...]
SEOUL, Oct. 27 (Korea Bizwire) – The three-month construction suspension of two nuclear reactors in the southeastern industrial city of Ulsan will likely have cost the country’s state-run utility company 75.8 billion won (US$67.1 million) in lost profit, an opposition lawmaker said Friday. The Moon Jae-in administration on Tuesday decided to restart work on the [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s icebreaker embarked on its ninth Antarctic expedition Thursday to explore the marine ecosystem and study how climate change is affecting the planet. The Araon departed from the western port of Incheon for its journey that will last 227 days, the Ministry of Oceans and Fisheries said. The [...]
SEOUL, Oct. 26 (Korea Bizwire) — Exports of oil and related goods by South Korean refiners reached an all-time high in the first nine months of the year on firm demand and higher oil prices, industry data showed Thursday. According to the data compiled by the Korea Petroleum Association, oil and petrochemical goods exported by [...]
SEOUL, Oct. 25 (Korea Bizwire) — Hyundai Electric and Energy Systems Co., a unit of top shipbuilder Hyundai Heavy Industries Co., said Wednesday that it has set up a company in Thailand to strengthen its presence in the Asian region. The new energy solutions unit, along with another one in Singapore, will help the company [...]
SEOUL, Oct. 24 (Korea Bizwire) — President Moon Jae-in affirmed Tuesday that his government will fully implement the recommendation by a public debate commission regarding the fate of two unfinished nuclear reactors, noting the debate was never a matter of right or wrong. “I believe the debate was a chance to create a new mechanism [...]
SEOUL, Oct. 23 (Korea Bizwire) – On October 22, a report published by the Institute for International Trade (IIT) operating under the Korea International Trade Association (KITA) revealed that South Korea is lagging behind other countries with regards to exports of next-generation technologies. The report examined the TSI (trade specialization index) — a figure derived [...]
SEOUL, Oct. 23 (Korea Bizwire) – As recent headlines have been dominated by the possible decommissioning of the Shingori 5 and Shingori 6 nuclear reactors, interest in the extremely lucrative nuclear decommissioning market has gained interest in certain quarters, bolstered by President Moon Jae-in’s comments on October 22 that he would support domestic companies’ efforts [...]
SEOUL, Oct. 23 (Korea Bizwire) — A majority of South Koreans support phasing out nuclear energy, a survey showed Monday, as President Moon Jae-in reiterated his commitment to shifting out of nuclear power into safer renewable energy. The Realmeter survey, conducted on 501 adults Friday, found that 60.5 percent back a nuclear phase-out policy while [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea is set to resume work on two nuclear reactors on the southeastern coast after a three-month hiatus, as a state commission gave the green light to complete construction Friday and which is expected to affect the government’s nuclear phase-out plan. The construction of the Shin Kori-5 and [...]