energy Archives | Be Korea-savvy
S. Korea Steps Up Effort to Win Saudi Arabia’s Nuclear Project

S. Korea Steps Up Effort to Win Saudi Arabia’s Nuclear Project

SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s government said Monday it will step up collaboration with the local nuclear industry to boost the country’s chances to win Saudi Arabia’s nuclear project after the state-run Korea Electric Power Corp. (KEPCO) was shortlisted along with four other bidders. Saudi Arabia selected five countries — South Korea, [...]

“Energy” Big Data to be Shared with Large Corporations

“Energy” Big Data to be Shared with Large Corporations

SEOUL, May 31 (Korea Bizwire) — A new way has been paved for corporations to incorporate the massive trove energy-related big data held by the Korea Electric Power Corporation (KEPCO) into new energy business models. The Ministry of Trade, Industry and Energy announced today that KEPCO had signed MOUs with four corporations (KT, SKT, LG [...]

S. Korea Asks Australia to Reconsider Plans for LNG Export Limits

S. Korea Asks Australia to Reconsider Plans for LNG Export Limits

SEOUL, Nov. 14 (Korea Bizwire) — South Korean business leaders said Tuesday they have asked Australia to reconsider its plans to restrict natural gas exports, concerned that the measure will affect access to the energy resource. The Federation of Korean Industries (FKI) said it made the request at the Australia-Korea Business Council (AKBC) meeting held [...]

KEPCO, GE Join Hands for Next-Generation Electric Energy Biz

KEPCO, GE Join Hands for Next-Generation Electric Energy Biz

SEOUL, May 26 (Korea Bizwire) – State-run Korea Electric Power Corp. (KEPCO) said Thursday it has joined forces with General Electric for co-investment in the development of next-generation electric power facilities.  The South Korean utility firm and the U.S. aviation and energy conglomerate held an opening ceremony of its joint office in Naju, some 399 [...]

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 [...]

South Korea’s Industrial Output Shoots up 6.6 Percent in February

South Korea’s Industrial Output Shoots up 6.6 Percent in February

SEJONG, March 31 (Korea Bizwire) – South Korea’s industrial output jumped at the fastest pace in nearly four years in February, government data showed Friday.  Production in the mining, manufacturing, gas and electricity industries moved up 6.6 percent last month from a year earlier, marking the highest on-year gain since January 2013, when it posted [...]