SEOUL, March 13 (Korea Bizwire) — A North Korean cargo ship suspected of smuggling out North Korean coal collided with a Chinese ship and sank in the Yellow Sea last month, according to a source familiar with the matter Thursday. The accident is believed to have left around 15-20 North Korean crew members dead. But [...]
SEOUL, Aug. 5 (Korea Bizwire) – On July 30, in the Jeonwon Village of Seoul’s affluent Seocho district, piles of coal briquettes lined the alleyways, seemingly at odds with the sweltering heat that pushed the heat index above 33 degrees Celsius. In this community of makeshift homes and vinyl greenhouses, coal briquettes are not just for [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s imports of gas and coal hit an all-time high last year on surging global energy prices, data showed Thursday. The value of gas imports came to US$56.7 billion last year, the highest since 1956 when the government began compiling the related data, according to the Ministry of [...]
TAEBAEK, Nov. 18 (Korea Bizwire) — The population of miners in Taebaek, Gangwon Province, once a booming coal mine area, has fallen below 500 people. The Taebaek Chamber of Commerce and Industry reported that there were 487 miners as of late September, which represents only 3.6 percent of the miner population in 1989 (13,362 people). [...]
SEOUL, April 28 (Korea Bizwire) — South Korea will diversify its import channels of soft coal and increase the production of cement to ease concerns over a supply shortage of the key construction material amid the ongoing crisis surrounding Ukraine, the top economic policymaker said Thursday. Global supply chains of bituminous coal, or soft coal, [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia’s fourth-largest economy consumed 94 million tons of coal to generate electricity, compared with 101 million tons a year earlier, according [...]
SEOUL, Jan. 7 (Korea Bizwire) — Smart mining, which makes mining work unmanned and automated, will be introduced as a test for transportation work next year. The Ministry of Trade, Industry and Energy said Sunday that it has finalized its Third Basic Mining Plan that includes such details. The application period is from this year [...]
SEOUL, Nov. 19 (Korea Bizwire) – More than half of South Koreans are in favor of suspending the operation of coal-fired power plants in order to reduce fine dust emissions, even if electricity prices go up. According to the presidential National Council on Climate and Air Quality and the Ministry of Culture, Sports and Tourism’s online survey [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s coal consumption increased last year, bucking the global trend for reducing carbon emissions, a report showed Sunday. South Korea consumed 88.2 million tons of oil equivalent (TOE), a unit of energy, in 2018, up 2.4 percent from a year ago, according to the London-based energy company BP’s [...]
TAEBAEK, Mar. 21 (Korea Bizwire) — A coal mining town is one of the facilities at the Taebaek Activity Park in Gangwon Province, which was opened in 2006 with an investment of 13 billion won (US$11.5 million) for the project. The Taebaek Activity Park consists of a field trip center and mining town. The field trip [...]