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Nuclear Overtakes Coal as Top Power Source for First Time in 18 Years

SEOUL, May 12 (Korea Bizwire) — For the first time in nearly two decades, nuclear power has surpassed coal to become South Korea’s largest source of electricity, signaling a broader shift in the country’s energy landscape toward cleaner and more sustainable sources. According to the Ministry of Trade, Industry and Energy’s newly released 2024 Energy Supply [...]

Electricity Supply Remains Stable Despite Shutdown of Aging Coal Power Plants

SEOUL, Jul. 4 (Korea Bizwire) — Despite electricity shortage worries over the temporary shutdown of eight aging coal-fired power plants last month, the electricity supply in South Korea has remained relatively stable, industry reports said. According to the Korea Power Exchange (KPX), the country’s electricity consumption hit its monthly high on June 30, at 75.41 [...]