ULSAN, South Korea, Feb. 1 (Korea Bizwire) – Korean scientists are taking a new step forward in the research and development of seawater batteries. According to UNIST, the school is investing 5 billion won ($4.33 million) in partnership with the Korea Electric Power Corporation (KEPCO) and the Korea East-West Power Corporation (EWP) over the next [...]
SEOUL, Feb. 1 (Korea Bizwire) – The inter-Korean gap in electricity generation capacity hit an all-time high in 2015, data showed Wednesday, pointing to the widening difference in economic power between the rivals. South Korea’s power generation capacity stood at 97.6 gigawatts (GW) as of 2015, 13.1 times more than North Korea’s 7.4 GW, according [...]
SEOUL, Jan. 29 (Korea Bizwire) – While the administration of Donald Trump in the U.S. is poised to ease environmental regulations, delivering on campaign promises of helping gas and coal businesses thrive again, South Korea is introducing a flurry of measures designed to help protect the environment. Newly built coal-fired power plants, in the first [...]
DAEGU, Jan. 12 (Korea Bizwire) – Yoo Won-ki, 48, is the CEO of Haeyang Energy, a small company that he launched in January of last year. Pinning his hopes on one novel idea, he developed a tidal stream generator, filed for a patent in May, and received approval from the Korea Intellectual Property Office last [...]
SEJONG, Jan. 4 (Korea Bizwire) – South Korea will invest nearly 14 trillion won (US$11.6 billion) into new energy industries such as solar power this year in a bid to foster the potential sectors as the country’s new growth engines, the ministry here said Wednesday. The Ministry of Trade, Industry and Energy said investment made [...]
SEOUL, Jan. 2 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, will focus on the energy and bio sectors this year as part of an effort to diversify its business portfolio and secure new growth engines, its head said Monday. In a New Year message to its employees, Park Jin-soo, vice chairman [...]
SEOUL, Dec. 16 (Korea Bizwire) – The recent South Korean blockbuster disaster film “Pandora” was the first of its kind to see nuclear power plants play a pivotal role in the plot. The movie, which is reminiscent of the Fukushima nuclear meltdown in 2011, takes place in an eastern coastal city of South Korea that [...]
SEOUL, Dec. 15 (Korea Bizwire) – An experimental nuclear fusion reactor in South Korea has achieved a world record of 70 seconds in high-performance plasma operation, taking a step forward in commercializing a nuclear fusion reaction to produce electricity, researchers said Thursday. Unlike light and heavy water nuclear reactors, which are widely used for now, [...]
SEOUL, Dec. 12 (Korea Bizwire) – The key focus of a 47.5-billion-won ($40.6 million) government project announced Monday will be on demonstrating and implementing viable technologies that can turn greenhouse gases or carbon compounds (CO and CO2) from industrial complexes into useful chemical materials, such as methanol. The project will be jointly conducted by the [...]
SEOUL, Dec. 12 (Korea Bizwire) – Ubiquitous but mundane electrical infrastructure such as utility poles and electrical enclosures (cabinets) are getting makeovers with writing and paintings to help improve urban landscapes. The Busan and Ulsan regional office of the Korea Electric Power Corporation announced Monday that their urban-friendly electricity equipment project called “Kkot-bot-dae” – an [...]