SEOUL, Jan. 20 (Korea Bizwire) — South Korea said Monday it will spend more on research and development (R&D) in the energy segment this year as the country targets clean and sustainable economic growth. South Korea will spend 916.3 billion won (US$789 million), a 19-percent rise from last year, on such projects, according to the [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea is witnessing slow but meaningful progress in its march toward a hydrogen-based economy, with the pollution-free power source set to take up a greater slice of the country’s energy mix down the road. The Moon Jae-in administration has been pushing to cut the country’s dependency on conventional [...]
SEOUL, Nov. 12 (Korea Bizwire) — Green bond issues in South Korea more than doubled this year as energy and chemical firms sought to capitalize on low costs and burnish their corporate image, industry sources said Tuesday. The value of green bonds floated by 11 state and private companies totaled 6.04 trillion won (US$5.18 billion) [...]
DAEJEON, Sept. 4 (Korea Bizwire) — Patent applications related to floating solar power are surging. According to the Korea Intellectual Property Office (KIPO) Tuesday, the number of related patent applications, which stood at 20 to 30 per year from 2010 to 2013, has been on the rise since then, with 49 in 2014, 74 in [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s nuclear safety commission on Tuesday approved the restart of a nuclear reactor that was shut down six months ago. The 650-megawatt Kori No. 2 reactor in the southern port city of Busan went offline on April 17 for routine inspections. The Nuclear Safety and Security Commission said [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]