SEOUL, March 10 (Korea Bizwire) — South Korea is likely to make a U-turn from its yearslong nuclear phase-out drive as President-elect Yoon Suk-yeol has vowed to scrap the policy and make the country a powerhouse in nuclear power generation. President Moon Jae-in has championed breaking away from nuclear energy since his inauguration in 2017 [...]
SEOUL, May 8 (Korea Bizwire) — South Korea on Friday announced a long-term energy plan to spur a shift toward renewable power sources away from fossil fuels and nuclear energy. The draft plan for the nation’s ninth basic energy policy for the years 2020-2034 calls for raising the share of renewable energy out of its [...]
SEOUL, May 25 (Korea Bizwire) – Environment-friendly energy policies pledged by the Moon Jae-in administration are raising concerns among local builders, which fear power plant construction projects may take a hit, industry officials said Thursday. The chief executive said during his campaign that he will stop all new construction of coal-fired power plants and review [...]