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Power Margin Reaches All-time High as Demand for Electricity Falls

Power Margin Reaches All-time High as Demand for Electricity Falls

SEOUL, June 8 (Korea Bizwire) — With the coronavirus impacting the real economy, demand for electricity, a barometer used to measure economic activity, has decreased. The Electric Power Statistics Information System (EPSIS) reported that last month’s largest daily electricity usage occurred on May 18 at 5 p.m., measured at 65,700 megawatt (MW). The power margin [...]

New Tech Converts Ultraviolet Light to Electric Energy

New Tech Converts Ultraviolet Light to Electric Energy

GWANGJU, Dec. 31 (Korea Bizwire) — New technology has been developed by South Korean researchers that can convert even ultraviolet light into electricity. A joint research team from the Gwangju Institute of Science and Technology (GIST) and the Korea Photonics Technology Institute said Monday that it had succeeded in developing hybrid flexible copper indium gallium [...]

South Korea’s Green Energy Production Still in its Infancy

South Korea’s Green Energy Production Still in its Infancy

SEOUL, May 2 (Korea Bizwire) – The latest data from the Korea Energy Agency has revealed that new and renewable energy sources accounted for 6.61 percent of total electricity generation in South Korea in 2015, up from 4.92 percent in 2014 and surpassing 5 percent for the first time.  The improvement was largely attributed to [...]

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 [...]