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Geothermal Power Plant is a First for Korea

Geothermal Power Plant is a First for Korea

POHANG, Feb. 15 (Korea Bizwire) – Electricity generated from geothermal energy will soon be distributed to South Korean households for the first time in history.  The electricity will come from Pohang, a city on the southeast coast of the Korean Peninsula, which has been making use of geothermal energy some four kilometers below the surface [...]

Korea Uses Seawater for Battery Development

Korea Uses Seawater for Battery Development

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 Sets Rigorous Emissions Control Standards

Seoul Sets Rigorous Emissions Control Standards

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 [...]

S. Korea to Invest 14 Tln Won into New Emerging Industries

S. Korea to Invest 14 Tln Won into New Emerging Industries

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 [...]

Small Modular Reactors in Spotlight following Nuclear Disaster Film

Small Modular Reactors in Spotlight following Nuclear Disaster Film

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 [...]

Korean Nuclear Fusion Reactor Takes Step Forward for Commercialization

Korean Nuclear Fusion Reactor Takes Step Forward for Commercialization

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, [...]

Government Invests Billions to Find Use for Greenhouse Gases

Government Invests Billions to Find Use for Greenhouse Gases

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 [...]