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Washington Urges Korea’s Help in Reviving U.S. Nuclear Power

Washington Urges Korea’s Help in Reviving U.S. Nuclear Power

SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]

KEPCO Signs Pact with Vietnam’s Petrovietnam to Develop Nuclear Workforce

KEPCO Signs Pact with Vietnam’s Petrovietnam to Develop Nuclear Workforce

SEOUL, Aug. 13 (Korea Bizwire) — Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility, said Wednesday it signed a preliminary agreement with Vietnamese energy company Petrovietnam (PVN) to help cultivate a skilled workforce for Vietnam’s emerging nuclear power sector, as the two countries seek to deepen industrial cooperation. The memorandum of understanding (MOU), inked earlier [...]

South Korea Fast-Tracks “Energy Highway” to Power Green Industrial Future

South Korea Fast-Tracks “Energy Highway” to Power Green Industrial Future

SEJONG, June 20 (Korea Bizwire) — The administration of President Lee Jae-myung is accelerating plans for a nationwide renewable energy infrastructure overhaul, with a transformative “Energy Highway” at the center of its strategy to upgrade Korea’s industrial base and compete in the global clean energy transition. In a briefing to the National Planning Commission on [...]

KEPCO in Talks with Vietnam, Saudi Arabia, Turkey for Potential Power Plant Deals

KEPCO in Talks with Vietnam, Saudi Arabia, Turkey for Potential Power Plant Deals

SEOUL, May 29 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) has been in talks with Vietnam, Saudi Arabia, Turkey and other countries over potential nuclear power plant deals, the company said Thursday. KEPCO said a number of countries, including the three, are interested in South Korea’s experience and capabilities proven by successfully [...]

KEPCO Unveils Korea’s Largest Ammonia Combustion Test Facility to Advance Green Power

KEPCO Unveils Korea’s Largest Ammonia Combustion Test Facility to Advance Green Power

SEOUL, May 22 (Korea Bizwire) — Korea Electric Power Corporation (KEPCO) announced the completion of the country’s largest ammonia combustion testing facility on Tuesday, as the state-run utility accelerates efforts to commercialize carbon-neutral power generation technologies. Located at KEPCO’s Power Research Institute, the new 1-megawatt testbed is designed to verify high-efficiency, low-emission combustion of ammonia—a [...]

KHNP Files Arbitration Claim Against KEPCO with Int’l Court Over Barakah Project Costs

KHNP Files Arbitration Claim Against KEPCO with Int’l Court Over Barakah Project Costs

SEOUL, May 7 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power Co. (KHNP) submitted a request for arbitration with an international mediation court Wednesday regarding a conflict with parent company Korea Electric Power Corp. (KEPCO) over a payment dispute involving additional construction costs for a nuclear power plant in the United Arab Emirates [...]

LG Electronics Partners with KEPCO, Hanwha to Build Next-Gen DC-Powered Data Center

LG Electronics Partners with KEPCO, Hanwha to Build Next-Gen DC-Powered Data Center

SEOUL, April 25 (Korea Bizwire) — LG Electronics Inc. said Friday it has signed a memorandum of understanding (MOU) with Korea Electric Power Corp. (KEPCO) and Hanwha Corp. to jointly develop next-generation data center cooling solutions. Under the agreement, the three companies will collaborate to build a power-saving data center with a total capacity of [...]

KEPCO to Raise Bills for Industrial Use amid Financial Strains

KEPCO to Raise Bills for Industrial Use amid Financial Strains

SEOUL, Oct. 23 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) said Wednesday it will raise electricity rates for industrial use while freezing those for households starting this week amid global energy price volatility and escalating financial strains. Under the decision, the electricity rate for industrial use will rise 9.7 percent on average [...]