SEOUL, March 12 (Korea Bizwire) — South Korea’s energy consumption grew at a sharply slower pace in 2022 than in previous years mainly due to limited transportation during the COVID-19 pandemic and lower demand from households, the industry ministry said Wednesday. The country’s overall energy consumption stood at 230 million tons of oil equivalent (TOE) [...]
SEJONG, Feb. 17 (Korea Bizwire) — South Korea and the Czech Republic held a high-level bilateral supply chain and energy dialogue (SCED) Monday, as the two sides seek to deepen cooperation in various sectors, including trade, eco-friendly energy and nuclear power plants, Seoul’s industry ministry said. Industry Minister Ahn Duk-geun and his Czech counterpart, Lukas [...]
SEOUL, Nov. 4 (Korea Bizwire) — Top industry officials of South Korea and Qatar agreed Monday to maintain strong cooperation on energy supplies amid geopolitical tensions and expand their ties into a wide range of energy and shipbuilding sectors, Seoul’s industry ministry said. South Korea’s Industry Minister Ahn Duk-geun and Qatar’s Minister of State for [...]
The new data analytics solution for strategic workflows and corporate decision-making LONDON 01 October 2024 (Korea Bizwire) – Wood Mackenzie, the global insight business for renewables, energy, and natural resources, has launched Lens Metals & Mining, a cross-commodities data analytics platform. This solution allows analysis of key mined commodity markets and assets within the energy and [...]
SEOUL, Sept. 19 (Korea Bizwire) — The peak electricity demand jumped 30 percent on-year during the Chuseok holiday, data showed Thursday, in the latest evidence that autumn heat has gripped the nation. The country’s average maximum power demand reached 70.3 gigawatts from Monday to Wednesday, compared with 54.4 gigawatts recorded during the previous year’s Chuseok, [...]
DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]
SEOUL, Sept. 9 (Korea Bizwire) — Extreme heat wave in August is forecast to push up electricity costs for households by an average of 13 percent, the state-run power company said Monday. The average usage of electricity per household climbed 9 percent in August from a year earlier to come to 363 kilowatt-hours (kWh), which [...]
SEOUL, Aug. 13 (Korea Bizwire) – As a relentless heatwave drives electricity demand to record highs, South Korea’s business community has banded together to launch an energy conservation campaign. The Korea Chamber of Commerce and Industry (KCCI) announced on August 12 that it is spearheading the initiative alongside other major business organizations, including the Federation of [...]
SEOUL, Jul. 19 (Korea Bizwire) — SK Inc., the holding company of South Korea’s SK Group, has increased its stake in energy and green businesses as part of the groupwide restructuring efforts to enhance competitiveness in key sectors, according to the company Friday. At a recent board of directors meeting, SK Inc. approved a planned [...]
SEOUL, Jul. 3 (Korea Bizwire) — Trade Minister Cheong In-kyo said Wednesday that South Korea hopes to expand economic ties with Indonesia in areas ranging from electric vehicles (EVs) to clean energy. Cheong made the remark during his visit to Jakarta, where he attended a ceremony marking the production of Hyundai Motor Co.’s electric vehicles [...]